ULTRACEMCO.NSE

UltraTech Cement Ltd.

MUMBAI, March 10: Indian stock markets bounced back on Tuesday, with benchmark indices Sensex and Nifty ending nearly 1 per cent higher after two days of steep losses, fueled by a sharp fall in crude oil prices and improved global sentiment amid hopes of a de-escalation in the West Asia conflict. The 30-share BSE Sensex rose 639.82 points or 0.82 per cent to 78,205.98, while the NSE Nifty 50 gained 233.55 points or 0.97 per cent to 24,261.60. Intra-day, Sensex surged over 960 points. Brent crude, the global oil benchmark, tumbled 9.03 per cent to USD 90.26 per barrel, easing concerns over inflation and supporting market recovery. Analysts noted that risk sentiment improved as US President Donald Trump hinted at a possible early end to the Iran war, which helped stabilize global equities. Asian markets mirrored the trend, with South Korea’s Kospi rebounding 5.35 per cent and Japan’s Nikkei 225 jumping 2.88 per cent. European markets also opened sharply higher, and US equities ended higher on Monday.

The growing geopolitical tension stemming from the Middle East conflict has reflected in the Indian stock markets with both Sensex and Nifty opening in red. The 30-share BSE Sensex fell 1,758.22 points (2.19 per cent) to 78,480.63 in early trade, while the 50-share NSE Nifty tanked 530.85 points (2.13 per cent) to 24,334.85. Among the major laggards on the Sensex were Larsen & Toubro, Tata Steel, InterGlobe Aviation, UltraTech Cement, Adani Ports & SEZ, and Mahindra & Mahindra. On the other hand, Infosys, HCL Technologies, and Tata Consultancy Services posted modest gains. Other Asian markets are also trading negative today. South Korea's Kospi tumbled over 10 per cent. Japan's Nikkei 225, Shanghai's SSE Composite index and Hong Kong's Hang Seng index were also quoting significantly lower. Indian markets were closed on Tuesday on account of Holi, with trading suspended on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). On Monday, the first trading session since the conflict escalated in the Gulf region, Indian equities ended lower, although they recovered significantly from early-session losses.

Mumbai: Equity benchmark indices Sensex and Nifty advanced for the third straight session Tuesday driven by firm global cues and optimism over India-US trade agreement, even as investors turned to profit-booking at higher levels. The 30-share BSE Sensex climbed 208.17 points, or 0.25 per cent, to close at 84,273.92. During the session, the benchmark jumped 417.2 points, or 0.49 per cent, to hit a intraday high of 84,482.95. The 50-share NSE Nifty rose 67.85 points, or 0.26 per cent, to finish at 25,935.15. In the intraday session, the index appreciated by 122.15 points, or 0.47 per cent, to hit a high of 25,989.45. Among the Sensex constituents, Eternal, Tata Steel, Mahindra & Mahindra, PowerGrid, Tech Mahindra, NTPC, Larsen & Toubro, Tata Consultancy Services, Maruti Suzuki India, Axis Bank, Titan and Hindustan Unilever were among the gainers. On the other hand, HCL Technologies, Bajaj Finance, Bharti Airtel, Asian Paints, HDFC Bank, UltraTech Cement, Adani Ports and ITC were among the laggards. “Domestic equities continued their upward momentum, supported by the US trade agreement and positive cues from key Asian markets.

India’s BSE Sensex closed about 0.6% higher at 84,065.75 on Monday, its strongest finish in a month, supported by robust corporate earnings, optimism over US–India trade relations, and a renewed pickup in foreign portfolio inflows. Financial and cyclical stocks led the gains, with public sector banks particularly strong, while metal shares also advanced solidly. State Bank of India surged 7.6% to a record high after reporting better‑than‑expected quarterly results and raising its FY2026 credit growth guidance. The stock’s rally was further bolstered as several brokerages lifted their target prices for SBI following the earnings release. Among other notable gainers were Titan (+3.1%), UltraTech Cement (+2.4%), Tata Steel (+2.2%) and Eternal (+1.9%). On the downside, Power Grid (-1.3%), NTPC (-1.1%) and ITC (-1%) were the session’s biggest laggards. The material has been provided by InstaForex Company - www.instaforex.com