Sensex Jumps 450 Points, Nifty Tops 22,200: Stock Market Rebounds Amid Positive Signals
Mumbai, March 03, 2025 – The Indian stock market kicked off the week with a strong start as the BSE Sensex surged 449.33 points to 73,647.43 and the NSE Nifty climbed 106.1 points to 22,230.8 in Monday’s opening trade. After a tough week of panic-selling, this rebound has brought relief to investors, with 23 of the 30 Sensex stocks trading in the green.
Leading the rally were UltraTech Cement, Mahindra & Mahindra (M&M), Infosys, L&T, Zomato, and Tech Mahindra, with gains of up to 3.37%. However, not all stocks joined the party—IndusInd Bank, NTPC, Axis Bank, Bajaj Finserv, and Bajaj Finance lagged behind. The positive momentum follows a sharp drop last week when Nifty neared 22,000, driven by global uncertainties like Trump’s tariffs and geopolitical tensions.
Prashanth Tapse, senior vice-president (research) at Mehta Equities Ltd, noted, “Last week’s sell-off hit hard, especially IT and banking stocks like ICICI Bank and TCS. But today’s uptick is fueled by a 9.1% rise in February GST collections to Rs 1.84 lakh crore and a Wall Street rebound.” He warned that Nifty could slip to 21,281 if it stays below 24,073, with the US jobs report on Friday set to influence trends.
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V K Vijayakumar, chief investment strategist at Geojit Financial Services, highlighted improving conditions. “Foreign investors have been selling due to high valuations and US bond yields, but large-cap stocks like financials are now fairly priced. Plus, India’s GDP growth is picking up—6.2% in Q3 and possibly over 7% in Q4,” he said. This growth signals a recovery that could boost the market further.
Experts see this dip as a buying opportunity. Vijayakumar added, “Stocks like M&M and IT giants are looking attractive after strong auto sales data. Long-term investors should start buying despite short-term ups and downs.” Tapse, however, suggested selling Indus Tower (current price Rs 324) with targets at Rs 313 or lower.
With global and domestic factors aligning, Monday’s rally hints at a potential turnaround. Investors are now watching key levels and upcoming US data to gauge the market’s next move.
