Market Rebounds Strongly: Sensex Surges 336 Points, Nifty Hits 22,150 Mark

The market staged a remarkable recovery on March 14, with the benchmark indices posting significant gains. Nifty soared to around 22,150 points, erasing some of the losses from the previous session, while Sensex comfortably closed above the 73,000 mark, registering a rise of 335.39 points or 0.46 percent at 73,097.28.

Notably, broader indices outshone the main indices, with the BSE Midcap index surging by 2.2 percent and the Smallcap index gaining 3 percent. Throughout the trading session, the market witnessed a steady upward trajectory, with Nifty crossing the 22,200 mark intraday.

Among the top gainers on the Nifty were Adani Enterprises, Adani Ports, Hero MotoCorp, Hindalco Industries, and ONGC. Conversely, Axis Bank, IndusInd Bank, Bajaj Finance, Tata Steel, and JSW Steel were among the losers.

Except for the banking sector, all other sectoral indices closed in the green. Sectors such as telecom, power, and oil & gas witnessed substantial gains, each adding 3 percent, while auto, capital goods, FMCG, Information Technology, healthcare, and metal sectors rose by 1-2 percent.

Notable long build-up activities were observed in Birlasoft, Ipca Lab, and Ambuja Cements. Conversely, Axis Bank, NMDC, and Bajaj Finance witnessed significant long build-up as well.

Gift Nifty Live trading at 22,270.00 as on 14-Mar-2024 16:36:43 made high 22,333.50 and low 22,006.50 today. Check live chart below

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