Subhechcha Ganguly 
The stock market opened on a positive note on Tuesday, March 5, with mid and small-cap IT, telecom, and energy stocks showing the most significant gains. By 9:20 AM, the benchmark BSE Sensex was up by 182.24 points, or 0.25%, reaching 73,172.17. Similarly, the broader NSE Nifty rose by 49.80 points, or 0.23%, to reach 22,132.45.
Among the top performers on the Sensex, Power Grid Corporation of India led with a 2.66% increase, trading at ₹260.80, followed closely by Mahindra & Mahindra, which rose by 2.65% to ₹2,683.40. HCL Technologies also gained 1.57%, trading at ₹1,560. On the other hand, HCL Technologies experienced a decline of 2.47% yesterday, trading at ₹1,534.05. The Nifty sectoral indices saw the Nifty Midsmall IT & Telecom Index rise the most by 1.99%, while Nifty Oil & Gas gained 1.16%. Despite a drop in global oil prices, the Oil & Gas index saw a notable rise.
However, the market closed in the red in the previous trading session. The BSE Sensex ended 96.01 points lower, or 0.13%, at 72,989.93, while the NSE Nifty fell by 36.65 points, or 0.17%, to close at 22,082.65. According to Akshay Chinchalkar, Head of Research at Axis Securities, the Nifty’s recovery from early losses ended in a slight decline, marking its 10th consecutive day of losses, the longest streak in history. He noted that while there were signs of recovery, the market awaited a trigger for a sustained bounce. Key support for the Nifty is expected between 21,850 and 22,000, with resistance between 22,226 and 22,281.
