Sensex jumps over 1,100 points; reclaims 75k-mark on firm global markets
Mumbai, Mar 18 (PTI): The BSE benchmark index Sensex jumped 1,131 points to revisit the 75,000 level on Tuesday, and the NSE Nifty surged 1.45 per cent, tracking a bullish trend in global equities and intense buying in market majors ICICI Bank, L&T and M&M counters.
Besides, lower crude oil prices in the international markets and a weak dollar against major currencies overseas also bolstered sentiment, traders said.
Rising for the second day on the trot, the 30-share BSE Sensex jumped 1,131.31 points or 1.53 per cent to settle at 75,301.26. During the day, it soared 1,215.81 points or 1.63 per cent to 75,385.76.
As many as 2,815 stocks advanced while 1,221 declined and 123 remained unchanged on the BSE.
The NSE Nifty surged 325.55 points or 1.45 per cent to 22,834.30.
"Buoyancy across global equities boosted the confidence of local investors, which translated into value buying across the sectors. As markets were in a bearish mode over the past few weeks and valuations had become a bit attractive, investors seized opportunity in the beaten-down sectors.
"But the recovery would be difficult to hold on due to global challenges and fears of slowing domestic growth due to Trump's threat to impose tariffs on key economies including India," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
In the Sensex pack, Zomato emerged as the biggest gainer with over 7 per cent jump, followed by ICICI Bank, Mahindra & Mahindra, Tata Motors, Larsen & Toubro, Asian Paints, Titan, Kotak Mahindra Bank and State Bank of India were among the gainers.
In contrast, Bajaj Finserv, Bharti Airtel, Tech Mahindra and Reliance Industries were the laggards.
Shares of Bajaj Finserv declined over 1 per cent after the financial services firm signed share purchase agreements to acquire a 26 per cent stake owned by Allianz SE of Germany in its insurance businesses Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company.
The BSE small-cap gauge soared 2.73 per cent, and the midcap index jumped 2.10 per cent.
"Broad-based buying across all sectors elevated investor sentiment, pushing all sectoral indices into positive territory. The Nifty Media, Realty, and Financial Services sectors led the charge, each advancing by more than 3 per cent," Devarsh Vakil, Head of Prime Research, HDFC Securities, said.
All BSE sectoral indices ended higher, where realty surged 2.95 per cent, industrials (2.79 per cent), consumer discretionary (2.76 per cent), capital goods (2.44 per cent), auto (2.42 per cent), power (2.27 per cent), financial services (2.09 per cent) and bankex (1.98 per cent).
Among Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the positive territory.
European equity markets were trading with gains. US markets ended higher on Monday.
"The benchmarks witnessed a strong recovery, driven by favourable global trends and domestic tailwinds. Improved retail sales data from the US and China boosted investor confidence, while mid and small-cap stocks outperformed, with all major sectors registering gains.
"The anticipated rebound in domestic earnings, along with a recent decline in the dollar index and lower crude prices, is expected to support this recovery," Vinod Nair, Head of Research, Geojit Financial Services, said.
However, continued FII outflows, driven by higher risk-free rates and the appeal of markets like China, along with tariff uncertainties, keep investors cautious during this phase, he added.
Global oil benchmark Brent crude climbed 1.48 per cent to USD 72.12 a barrel.
Foreign institutional investors (FIIs) offloaded equities worth Rs 4,488.45 crore on Monday, while Domestic Institutional Investors (DII) bought worth Rs 6,000.60 crore, according to exchange data.
The Sensex climbed 341.04 points or 0.46 per cent to settle at 74,169.95 on Monday, snapping its five-day losing run. The Nifty rose by 111.55 points or 0.50 per cent to 22,508.75.
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Cold-blooded murder: Priyanka slams Israel, says its actions show humanity means nothing to them
New Delhi, Mar 19 (PTI): Congress MP Priyanka Gandhi Vadra on Wednesday said the "cold-blooded" murder of over 400 innocent civilians by the Israeli government shows that humanity means nothing to them, and asserted that the more criminally they act, the more they reveals themselves for the "cowards" they truly are.
The Congress general secretary also said whether western powers choose to recognise this or to acknowledge their collusion in the "genocide" of the Palesitinian people or not, all citizens of the world who have a conscience, including many Israelis, see it.
Her remarks come in the wake of Israel's recent airstrikes across the Gaza Strip early Tuesday, killing more than 400 Palestinians. The assault had shattered a ceasefire in place since January.
Prime Minister Benjamin Netanyahu ordered the strikes, which killed mostly women and children, after Hamas refused Israeli demands to change the ceasefire agreement, according to media reports.
In a post on X, Priyanka Gandhi said, "The cold blooded murder of over 400 innocent civilians including 130 children by the Israeli government, shows that humanity means nothing to them. Their actions reflect an inherent weakness and inability to face their own truth."
"Whether western powers choose to recognise this or to acknowledge their collusion in the genocide of the Palesitinian people or not, all citizens of the world who have a conscience (including many Israelis), see it," she said.
The more criminally the Israeli government acts, the more they reveal themselves for the cowards they truly are, Priyanka Gandhi said.
On the other hand, the bravery of the Palestinian people prevails, she added.
"They have endured unimaginable suffering yet their spirit remains resilient and unwavering," she said, hailing the Palestinian people.
In a show of support for the people of Palestine, Priyanka Gandhi during the Winter session had carried a bag to Parliament that had "Palestine" emblazoned on it.
The Congress general secretary has been raising her voice against Israel's actions in Gaza and expressing solidarity with Palestinians.
The cold blooded murder of over 400 innocent civilians including 130 children by the Israeli government, shows that humanity means nothing to them.
— Priyanka Gandhi Vadra (@priyankagandhi) March 19, 2025
Their actions reflect an inherent weakness and inability to face their own truth.
Whether western powers choose to recognise…
