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Market breadth was firmly positive, with the advance-decline ratio at 11:1, indicating broad-based buying.Nifty Bank soared 2,988 points to 55,704, marking its biggest single-day gain in five years, while the Midcap index surged 2,199 points to end at 56,800. The Nifty also crossed the 24,000 mark intra-day for the first time in a month, as BSE-listed companies added nearly ₹16 lakh crore in market capitalisation.All sectoral indices ended in the green. Banking and NBFC stocks led the rally amid cooling bond yields, with Bajaj Finance, Shriram Finance and Cholamandalam Investment rising 7–10%.Auto stocks rebounded strongly, with the Nifty Auto index gaining 7% and all constituents closing higher. Crude-sensitive stocks reacted positively to a sharp 14% fall in oil prices, with OMCs and airlines rising up to 10%, even as upstream oil companies saw some pressure.Among key movers, Adani Group stocks surged on developments around its SEC case, with Adani Enterprises and Adani Green among the top gainers. Capital market stocks such as BSE and Angel One rose 7–8% in line with the broader rally.Titan hit a record high, gaining 6% after a strong Q4 business update, while Shriram Finance jumped over 10% after approving share allotment to MUFG. Pine Labs climbed 11% after JPMorgan initiated coverage with a ‘neutral’ rating.In the broader market, more than 150 stocks in the Nifty 500 rose over 5%, with Ashok Leyland and BLS International Services emerging as top gainers. IT and pharma stocks saw a relatively muted move but still ended with marginal gains.

The rupee ended at 92.58 against the US dollar, strengthening from Tuesday’s close of 93.01.

Benchmark indices surged sharply, snapping recent weakness, as a US-Iran ceasefire lifted sentiment across global markets. The Sensex rallied 2,946 points to close at 77,563, while the Nifty jumped 874 points to 23,997, with both indices gaining around 4%.

Not to forget, investors added nearly ₹16 lakh crore in market capitalisation in today’s session.

“Data centre opportunity is kind of becoming a structural shift and not just a trend which will fade off. With the structural shift which is happening, we are expecting the overall capacity to double by FY27-end. What we would really like to play in this is, rather than holding on to the data centre owners on the real estate front, it is better to play it through power and cooling installation companies.

So my bet would be on Cummins India because it offers a high-capacity backup power segment, which is the generators required. Data centres will require a lot of electricity demand, and thus, Cummins India will play a key role. They are one of the market leaders in gensets, and they have about 70–80% localisation, which gives them a lot of advantage.

Another option which can be viewed is Siemens Energy AG, which plays a very important role in the power T&D segment, and thus would be an ancillary play to our data centre theme. So these two companies, I would like to really recommend if one wants to participate in this theme.”

 “APL Apollo is something that we track very closely. In Q4, they missed the guidance, especially because of delays in execution in the West Asian countries. Again, the reconstruction activity that will pick up will be very beneficial for a company like APL Apollo, which is scaling up its business model and has a strong presence in structural pipes, which are largely used for some of these structures, airports, and other infrastructure development.Looking ahead, we believe that growth visibility would improve. We will definitely have to wait for the concall to get updates, but as reconstruction activity picks up in the West Asian countries, some of these stocks, including APL Apollo, would be key beneficiaries.”“Larsen and Toubro is something that we have already spoken about. We have a buy rating and a target price of ₹4,400. Some of the other capital goods names—Siemens Energy—is something that we like. We believe that the overall power sector, transmission, distribution, and the capital goods sector would see a significant increase in demand over the next few years, especially after what has happened to some of the data centres in the West Asian region, and demand for them will only go up in India.If you look within utilities, what we like are Tata Power and JSW Energy, and within the renewable space, Acme Solar Holdings is something which is under coverage. We believe these are some of the stocks which would benefit from the increasing power demand that is going to happen over the next few years.”As of 15:10 IST, WTI crude was trading at $95.28, down 15.64%, while Brent crude fell 13.93% to $94.05. Murban crude declined 18.10% to $97.67, and natural gas slipped 5.33% to $2.717.

As of 3:05 PM, the Nifty50 was trading 3.9% higher at 23,998, while the Sensex surged 3.93% or 2,979.70 points to 77,595.7.

“It’s in a downtrend, and I don’t see any reversals at this point in time in the medium-term outlook. In the very short term, there’s a bounce—definitely a bounce. The bounce could go till ₹192 levels. That would be a very, very crucial resistance to watch.”

If it sustains above ₹192, then the next level would be around ₹208, but I am not looking at ₹208 levels as a target because there are a lot of resistances here on the charts, and my view would be negative.”

“In the very short term, yes, there is a bounce—I would not deny that. And there will be very strong resistance around ₹245 and ₹255, so that zone is very important. Overall, the trend is still negative in the medium-term outlook.

So I will be looking for downside levels of around ₹200–195. So, wait and watch. I would not suggest going short, but wait and watch. For the long-term story, it looks great to me—buy on declines should be the strategy around ₹200 levels.”India VIX fell 20%, indicating easing market volatility and improved investor sentiment following the ceasefire announcement in the US–Iran conflict.The volatility gauge, however, remains elevated, rising 115.45% on a year-to-date (YTD) basis.Top-performing stocks in the market currently include L Chola Fin Hold, Pine Labs, Ashok Leyland, Force Motors, BLS International, Craftsman, Adani Green Energy and AB Capital.All of these stocks are trading with gains of over 10% or more.

“At this point in time, data centre stocks, very specifically, we don’t have in the market. Very few of them—probably Anant Raj or some other stocks. We should look for stocks that support this overall theme, such as Cummins or Siemens. I would like to add one more, which is KEI Industries. KEI is also a very good company where we have support for these kinds of data centre themes, and that would be my pick.

The stop loss would be around ₹4,160, which is the 200-day moving average. It has just broken out of a small consolidation. I will be expecting the stock to do really well in the medium term. My medium-term targets would be around ₹5,200–5,300 levels.”

The Nifty India Defence index has surged past its 200 DMA mark today.

Industry sources say, L&T has emerged as lowest bidder for package valued at Rs 22,500 cr

Industry sources say, BHEL emerged as lowest bidder for package valued at Rs 10,300 cr

Alert: CNBC-TV18 has reached out to L&T, BHEL, response awaited

Neeraj Gambhir, Markets & Wholesale Banking Products, Axis Bank

Soumya Kanti Ghosh, Group Chief Economic Advisor, SBI

Sakshi Gupta, Vice President & Senior Economist, HDFC Bank

Market extends gain, at day’s high, Nifty Bank on track to post biggest single-day gain in nearly 6 years

SML Mahindra | March CV Sales Update

Total March CV Sales Up 12.4% At 2,393 Units Vs 2,129 Units (YoY)

Lalit Tyagi, Executive Director, Bank of Baroda

Amit Tripathi, President and CIO – Fixed Income, Nippon India Mutual Fund on 10-year yields

The Nifty index has surged over 800 points, and these are the biggest volume-based movers among the Nifty 500 stocks.

Max Healthcare Institute Ltd. announced that it will enter the Bhubaneswar healthcare industry by purchasing a controlling stake of about 58.4% in Kalinga Hospital Ltd. for an equity value of ₹300 crore.

The Petroleum Secretary informed states that up to 70% of their pre-March 2026 bulk non-domestic LPG usage will be reimbursed to businesses such as polymer, agricultural, packaging, paints, steel, metal, and glass.

RBI Post Policy Presser

Even while the outlook for interest rates is complicated by global threats, especially from West Asia, the Reserve Bank of India’s decision to maintain the repo rate at 5.25% has put home loan borrowers on safe ground.

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