India Briefings
Buisness

Closing Bell: On March 14, metal stocks shine as the market rebounds from intraday lows, with the Nifty closing over 22,100 and the Sensex rising over 300 points

<p>The trading session on Thursday concluded with the key stock indexes in positive territory. The BSE Sensex surged 335.39 points, or 0.46%, to 73,097, while the NSE Nifty 50 gained 148.95 points, or 0.68%, to close at 22,146.65.The 28-Bank Nifty index finished at 46,789.95, down 191.35 points, or 0.41%.</p>
<p><img decoding=”async” class=”alignnone wp-image-509528″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-closing-bell-on-march-14-metal-stocks-shine-as-the-market-rebounds-from-intraday-l-750×422.jpg” alt=”theindiaprint.com closing bell on march 14 metal stocks shine as the market rebounds from intraday l” width=”988″ height=”557″ title=”Closing Bell: On March 14, metal stocks shine as the market rebounds from intraday lows, with the Nifty closing over 22,100 and the Sensex rising over 300 points 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-closing-bell-on-march-14-metal-stocks-shine-as-the-market-rebounds-from-intraday-l-750×422.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-closing-bell-on-march-14-metal-stocks-shine-as-the-market-rebounds-from-intraday-l-768×432.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-closing-bell-on-march-14-metal-stocks-shine-as-the-market-rebounds-from-intraday-l-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-closing-bell-on-march-14-metal-stocks-shine-as-the-market-rebounds-from-intraday-l.jpg 1024w” sizes=”(max-width: 988px) 100vw, 988px” /></p>
<p>The Smallcap and Midcap stocks led the gains in the larger indexes, which concluded in positive territory. Among the other sectors indexes, IT and Metal stocks did better, while PSU Banks and Financial Services stocks declined.</p>
<p>According to Vinod Nair, Head of Research at Geojit Financial Services, “the market was able to recover half of last trading day’s sell-off as leverage-based square-off neutralized it, while institutional buying sustained the buoyancy.”</p>
<p>Additionally, according to Nair, domestic economic data showed that wholesale price inflation (WPI) dropped to a four-month low in February of 0.2% YoY, easing the projected trend of the CPI and providing comfort for future rate decreases. The larger market is using Mid and Small cap as a negotiating tool to outperform the flagship indexes.</p>

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