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Key gauges extend gains for 2nd straight day on strong global cues
Mar-25-2026

Indian equity benchmarks extended their relief rally for a second consecutive session on Wednesday, with Sensex and Nifty closing over one and half percent higher each, as crude oil prices dropped and global markets advanced amid hopes of de-escalation in the war in West Asia. 

Some of the important factors in trade:   

S&P ups India’s FY27 growth forecast to 7.1%: S&P Global Ratings raised India's GDP growth forecast for the next fiscal to 7.1 per cent, with private consumption, investment and exports being key drivers, but said that the conflict in the Middle East could strain the fiscal position due to higher energy prices arising from the conflict.

Cooperative sector to play key role in realising developed India vision: Minister of State for Cooperation Gautam Kumar Dak said the cooperative sector would play a crucial role in realising Prime Minister Narendra Modi's vision of a developed India by 2047. 

RBI infuses Rs 55,837 crore transient liquidity into banking system via 3-day VRR auction: In an effort to stabilize the banking sector, the Reserve Bank of India (RBI) has infused Rs 55,837 crore transient liquidity into the banking system through three-day variable rate repo (VRR) auction. 

Private sector’s capex likely to decline by 16.5% in 2026-27: A survey by Ministry of Statistics & Programme Implementation (MoSPI) has showed that the private sector’s capital expenditure (capex) on acquisition of new assets is likely to decline by 16.5% to Rs 9.55 lakh crore in fiscal year 2026-27 (FY27). 

Global front: European markets were trading higher, while Asian markets settled higher amid hopes of a de-escalation in Middle East tensions following reports that U.S. and Iran are engaged in diplomatic efforts to end their conflict.

Finally, the BSE Sensex rose 1205.00 points or 1.63% to 75,273.45 and the CNX Nifty was up by 394.05 points or 1.72% to 23,306.45. 

The BSE Sensex touched high and low of 75,849.76 and 74,550.47, respectively. There were 26 stocks advancing against 4 stocks declining on the index. 

The top gaining sectoral indices on the BSE were Consumer Durables up by 3.28%, Basic Materials up by 2.75%, Realty up by 2.53%, Metal up by 2.51% and Industrials up by 2.49%, while there was no losing sectoral indices on the BSE. 

The top gainers on the Sensex were Ultratech Cement up by 4.39%, Bajaj Finance up by 3.82%, Larsen & Toubro up by 3.80%, Titan Company up by 3.50% and Interglobe Aviation up by 3.46%. On the flip side, Tech Mahindra down by 1.66%, Power Grid Corporation down by 1.37%, TCS down by 0.86% and Bharat Electronics down by 0.27% were the top losers.

Meanwhile, Ministry of Commerce & Industry has said that India’s exports continue to display resilience, maintaining a steady growth trend in the current fiscal year as well as over the longer term (FY 2021-25), despite headwinds like persistent global uncertainty, supply chain disruptions, and volatile commodity prices. 

The country witnessed 5.26% growth in exports of merchandise and services from $679.02 billion in FY 2024-25 (April-January) to $714.73 billion in April-January of FY 2025-26. Ministry also highlighted various initiatives being undertaken by the government to boost exports and expand the country’s global footprint, such as the Foreign Trade Policy (FTP) 2023, the Remission of Duties and Taxes on Exported Products (RoDTEP). 

Besides, it noted that the Government has recently notified a time-limited ‘RELIEF’ Scheme, an intervention under the Export Promotion Mission, to be implemented through the Export Credit Guarantee Corporation of India (ECGC), is operationalised to address elevated export risks arising from geopolitical disruptions in the Gulf and West Asia maritime corridor.

CNX Nifty touched high and low of 23,465.35 and 23,063.20, respectively. There were 46 stocks advancing against 4 stocks declining on the index.   

The top gainers on Nifty were Shriram Finance up by 5.78%, Titan Company up by 4.63%, Grasim Industries up by 4.15%, Ultratech Cement up by 4.05% and Larsen & Toubro up by 4.04%. On the flip side, Tech Mahindra down by 2.04%, Power Grid Corporation down by 1.40%, TCS down by 0.87% and Bharat Electronics down by 0.28% were the top losers. 

European markets were trading higher; UK’s FTSE 100 increased 122.71 points or 1.23% to 10,087.87, France’s CAC rose 133.08 points or 1.72% to 7,877.00 and Germany’s DAX gained 400.99 points or 1.77% to 23,037.90.

Asian markets settled higher on Wednesday supported by declining crude oil prices following hopes of a de-escalation in Middle East tensions. Reports indicated that the US was pursuing talks with Iran, including a proposed one-month ceasefire to support negotiations and a 15-point plan to resolve the conflict. This improved sentiment persisted even after President Donald Trump ordered the deployment of about 2,000 soldiers to the region as the administration sought to reduce Iran's control over the Strait of Hormuz. Japanese shares gained despite Wall Street’s fall overnight. This rally followed the release of the Bank of Japan's January meeting minutes, which revealed a strong inclination among policymakers toward further interest rate hikes. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,931.84

50.56

1.30

Hang Seng

25,335.95

272.24

1.09

Jakarta Composite

7,302.12

195.28

2.67

KLSE Composite

1,716.68

7.92

0.46

Nikkei 225

53,749.62

1,497.34

2.87

Straits Times

4,904.54

42.11

0.87

KOSPI Composite

5,642.21

88.29

1.59

Taiwan Weighted

33,439.11

826.87

2.54
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