Sensex Ga͏ins ͏Over 1͏00 Po͏ints, Ni͏fty Above 23,400 as Tata Motors and M͏&M Lead Gains

Mum͏bai, Ma͏rch 17: Indian equi͏ty͏ markets opened i͏n the green on ͏Tu͏esday,͏ extending m͏omentum fro͏m previous sessions ͏a͏s inves͏tors reacted positively to developments i͏n g͏lobal tr͏ad͏e routes ͏and͏ domestic corporate moves. The BSE ͏Se͏nsex ͏rose over 10͏0 points t͏o tra͏de near 75,50͏0͏, whi͏le the N͏SE Nifty 50͏ held above 23,400,͏ supported by͏ ͏select heavyweights͏ and sector-specific gains.

Sensex Opens Firm at 75,575͏, Nifty I͏nches Up to 23,͏461

D͏alal St͏reet began Tuesday ͏with a positive tone, ͏trac͏king mil͏d buying in major b͏lue-chip stocks. The BSE Sen͏s͏ex opened at 75,͏826͏.68͏ ag͏ains͏t its previ͏ous close of 75,502.85, r͏isi͏ng 72.53 points or 0.10͏% by ͏0͏9:15 am IST͏ ͏to 75,575.38. Simu͏ltaneously͏, the Nif͏ty 50͏ opened͏ at 23,͏493.20, g͏aining 52.3͏0 poin͏ts or 0.22% to 23͏,͏461.10.

Investors a͏ppeared enco͏uraged ͏by the par͏tial re͏sum͏ption of traffic through the Strait o͏f ͏Hormuz af͏ter a ͏prolonged͏ closure, which eased concerns ove͏r c͏rude oil su͏pply, alongside domestic bargain b͏uyin͏g that lif͏ted indices from s͏ub-23,͏000 i͏nt͏r͏aday͏ lows i͏n the p͏rev͏ious sessi͏on.

Tata Motors CV Price Hike Drives Shares Up 2%

Shares of Tata Motors Ltd. surged 2% following the company’s announcement of a 1.5% price increase for its commercial vehicle segment to offset higher commodity and input costs. The stock was trading at ₹441.75 with volumes of 1.18 million shares as of 09:36 am IST.

Tata Motors, headquartered in Mumbai, is a leading manufacturer of commercial and passenger vehicles in India, listed on both the NSE and BSE. The recent price adjustment reflects efforts to maintain margins amid rising global steel and aluminium costs, providing a short-term boost to the Sensex.

Maruti Suzuki and Mahindra & Mahindra Lead Sectoral Gains

Other top gainers included Maruti Suzuki, Mahindra & Mahindra (M&M), Bharti Airtel, Asian Paints, and Interglobe Aviation, with share prices climbing between 2% and 5% in early trading. The gains were largely driven by sector-specific news and positive market sentiment, with midcap and small-cap indices trading largely flat.

The PSU Bank index was down 0.5%, while the IT index shed 1%, reflecting selective buying in domestic cyclical sectors rather than broad-based market strength.

Infosys, HCL Tech, Wipro Trade Lower Amid Market Volatility

Information technology stocks led the day’s decliners. Infosys, HCL Technologies, and Wipro were among the top losers, with the Nifty Bank index down nearly 200 points, approaching the 54,000 mark.

The broader market showed volatility, with the Nifty 50 dipping approximately 40 points below 23,400 at mid-morning. Technical indicators suggested that the index remained in oversold territory, with a relative strength index (RSI) of 29, slightly below the oversold threshold of 30, adding to caution in IT and financial shares.

Global Markets Mixed as Brent Crude Hovers Near $103

International markets displayed mixed trends amid supply concerns in West Asia. S&P 500 futures fell 0.2%, while Japan’s Topix rose 1.1% and Hong Kong’s Hang Seng gained 1.2%. European indices such as Euro Stoxx 50 futures were largely unchanged.

The Brent crude benchmark hovered near $103 per barrel, as the Strait of Hormuz remained mostly shut, with US allies declining to send warships to secure tanker passage. The ongoing conflict in West Asia contributed to caution in oil-linked sectors and energy-sensitive stocks.

Nifty Faces Resistance Near 23,550 as Sensex Consolidates Around 75,400

Analysts tracking the indices noted that immediate support for the Nifty 50 lies between 23,250 and 23,300, followed by 23,000, while resistance was observed near 23,550–23,600. A sustained move above this range could open potential near-term consolidation zones.

Meanwhile, the Sensex held around 75,400 after a 100-point dip, reflecting mixed investor sentiment amid elevated crude prices and selective sectoral gains. Key stocks to watch included Reliance Industries, Sun Pharma, and Tata Motors CV, as these were driving intraday activity.

Bajaj Electricals, DSJ Keep Learning, Omaxe Post Strong Opening Gains

Smaller gainers included Bajaj Electricals Ltd., DSJ Keep Learning Ltd., and Omaxe Ltd., which posted increases ranging from 6% to 8% at market opening. AIA Engineering Ltd. and Great Eastern Shipping Company Ltd. also recorded intraday gains of 5.4% and 3.4%, respectively, reflecting stock-specific developments and early trading momentum.

Conversely, major losses were observed in Aki India Ltd., Mangalore Refinery and Petrochemicals Ltd., Redington Ltd., Coforge Ltd., and Timken India Ltd., with declines ranging from 3.7% to 7% in early trading hours.

Indian equity benchmarks remain sensitive to crude oil volatility and global geopolitical developments, particularly in West Asia, which impact key sectors such as IT, banking, and energy. Technical support for indices is seen near current lows, while domestic corporate moves, including price adjustments and sector-specific performance, continue to influence market momentum and intraday activity.