The key market indices continued their gains from March 5th and ended the session on a high note. While the BSE Sensex experienced a 610-point rally to end at 74,340, the NSE Nifty 50 increased by more than 200 points to land at 22,545.
Because Brent crude oil prices dropped below $70 a barrel, commodities and oil and gas stocks led the D-Street surge. With a gain of over 2.5 percent, the Nifty Oil & Gas closed at 10,045.85, the highest gainer among the sectoral indices.
Small- and mid-cap stocks ended the day higher in the overall markets. The India VIX, a measure of volatility, dropped 0.40% to 13.73. Additionally, out of 2,996 equities that were traded, 2,207 rose on the NSE, indicating that the market breadth continued to favor bulls.
Despite the declining dollar index, the Indian indices showed resilience because of encouraging global signals after Trump loosened his tariff policies on automakers from Canada and Mexico. Furthermore, a decline in demand and additional Chinese economic stimulus led to a correction in crude oil prices, which sparked hope in the metals and energy industries.
