
Stocks to buy today: Ankush Bajaj recommends three stocks for 6 March
Subscribe to enjoy similar stories. After facing persistent selling pressure in the past sessions, the Indian stock market staged a strong recovery on Wednesday, bringing much-needed relief to investors. The benchmark indices closed on a positive note, signalling renewed optimism and a shift in sentiment.
The Nifty 50 index surged 1.15%, closing at 22,337.30, successfully reversing its previous losses. Similarly, the Sensex climbed 1.01% to settle at 73,730.23, reflecting a broad-based buying trend across sectors. Meanwhile, the Bank Nifty gained 0.51%, ending the session at 48,489.95, indicating a moderate recovery in banking stocks.
The market was led by strong sectorial performances, with most sectors ending in the green. The metal sector emerged as the top performer, surging 4.04%, followed by public sector enterprises (PSE), which gained 3.28%. The media sector also witnessed a significant uptrend, rising 3.14%, while energy stocks climbed 2.84%.
Public sector banks (PSU banks) registered a strong 3% gain, contributing to the overall bullish sentiment. On the other hand, the finance sector remained flat, closing with a marginal 0.10% gain. Apart from this, all other sectors performed well, adding to the positive momentum in the market.
Among the top performers in the Nifty 50, Adani Ports led the rally with a strong gain of 5.18%, followed closely by Tata Steel, which surged 4.85%. Adani Enterprises also saw a robust uptick of 4.71%, while Mahindra & Mahindra (M&M) added 4.33%, contributing to the market's overall strength. Among laggards, Bajaj Finance declined the most, shedding 3.35%, followed by IndusInd Bank, which slipped 1.59%.
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