Sensex at 74,000: 300-Point Gain, Nifty Rises by 100 Points – Market News

On the fourth trading day of the week, i.e. Thursday (March 6), the Sensex is trading at the level of 74,000, up by 300 points. Nifty is up by 100 points, it is at the level of 22,400. There is a rise in the shares of metal, auto and government banks.

Sector Performance: Metal, Auto, and Banking Stocks Lead

The Nifty Metal, Media, and Oil & Gas indices have increased by about 1.50%, reflecting strong performance in these sectors. The PSU Bank and Realty indices have also risen by 1%, while the Auto and IT indices have gained approximately 0.50%. Notable stock movements include:

• Asian Paints: Up by 3.5%.
• Tata Steel: Up by 2%

Global Markets: Asian and American Indices Rise

• In Asian markets, Japan's Nikkei is up 0.82% and Hong Kong's Hang Seng Index is up 2.58%. China's Shanghai Composite is up 1.05%.
• On March 5, foreign investors (FIIs) sold shares worth Rs 2,895 crore. During this period, domestic investors (DIIs) bought shares worth Rs 3,370 crore.
• On March 5, America's Dow Jones closed at 43,006, up 1.14%. The S&P 500 rose 1.12% and the Nasdaq Composite rose 1.46%.

Sensex and Nifty Performance on Wednesday, March 5

On Wednesday (5 March), the third trading day of the week, the Sensex rose 740 points and closed at 73,730. Nifty rose 254 points and closed at 22,337. Metal and public sector bank stocks rose the most. Nifty's metal index closed up 4.04%. Public sector bank index rose 3%, media 3.14%, auto 2.60% and IT 2.13%. Realty index closed up 2.32%. Healthcare and pharma index rose about 1.5%.