The Bombay Stock Exchange witnessed a significant surge as IT stocks rebounded from the previous day’s decline. The stock market opened positively for the second consecutive time in the week, on Thursday, March 13, with notable gains in IT, telecom, and metal sectors.

Despite a recent dip in IT stocks, the market showed resilience with the benchmark BSE Sensex rising by 165.41 points or 0.22%, reaching 74,195.17, at 9.15 am. Similarly, the broader NSE Nifty also started on a positive note, up by 32.15 points or 0.14%, touching 22,502.65.

IndusInd Bank emerged as the top gainer among the 30 Sensex stocks, climbing by 2.23%, trading at ₹699.95. Following closely were Tata Steel, up by 1.23% at ₹152.15, and Zomato, showing a 0.95% increase, trading at ₹207.40. On the flip side, only eight of the Sensex stocks recorded losses.

In terms of sectoral performance, the Nifty Midsmall IT & Telecom Index saw the most significant rise at 0.63%, reaching 8,727.20. This was followed by Nifty IT, up by 0.55% at 36,512.05, and Nifty Metal, which gained 0.41%, hitting 8,891.00. Notably, the Nifty Metal Index had shown the second-highest increase in the previous session, rising by 0.50% to 8,941.35.

During the prior trading session that ended on Monday, March 10, 2025, the stock market had closed in the red. The BSE Sensex had slipped by 72.56 points or 0.10%, settling at 74,029.76, while the NSE Nifty was down by 27.40 points or 0.12%, ending at 22,470.50.

Experts like Akshay Chinchalkar, Head of Research at Axis Securities, pointed out that although the Nifty showed signs of recovery, it closed in the negative zone, indicating potential downside risks. He highlighted a critical support range between 22,245 and 22,330.

The market sentiment was influenced by various factors, with Foreign Institutional Investors (FIIs) turning into net sellers, offloading equities worth ₹1,627.61 crore, whereas Domestic Institutional Investors (DIIs) emerged as net buyers, with a net purchase of ₹1,510.35 crore.

Kunal Kamble, Senior Technical Research Analyst at Bonanza, emphasized that a breakout above 22,550 could trigger a bullish trend towards 22,700–22,900. The market dynamics reflected a mix of optimism and caution, with investors closely monitoring sectoral movements for potential opportunities.

In conclusion, the Bombay Stock Exchange’s rally, particularly driven by the resurgence of IT stocks, showcased the market’s ability to recover swiftly from setbacks, highlighting the resilience and dynamism of India’s stock market landscape.