Stocks Today: Adani Enterprises, Tata Steel, ITC Hotels in Focus as Sensex Jumps 790 Points, Nifty Ends Above 23,689
Key Points
Sensex jumped nearly 790 points while Nifty closed above 23,689.
Adani Enterprises, Tata Steel, and ITC Hotels remained key stocks in focus.
Banking, telecom, and metal sectors led the market recovery.
Analysts expect Nifty resistance near the 24,000 level.
Indian equities closed sharply higher as the Sensex jumped around 790 points to near 77,780, while the Nifty 50 ended above 23,689. The recovery came after four straight sessions of losses, driven by strong value buying in banking, metal, and telecom stocks. Market breadth improved significantly with nearly 2,400 advancing stocks on the BSE, showing broad participation across sectors. Investors returned to large caps after recent corrections created attractive entry levels.
Stocks Today: Adani Enterprises, Tata Steel, ITC Hotels Lead Action
Adani Enterprises surged nearly 5 to 8 percent intraday, hitting a high of ₹2,720 after strong accumulation in infrastructure and airport-linked businesses. The stock moved in a range of ₹2,530 to ₹2,700 levels, while volumes stayed close to 95 lakh shares, indicating heavy institutional interest and renewed buying after recent volatility.
Tata Steel also gained momentum, rising around 2 to 4 percent with trading action between ₹155 and ₹161 levels. The stock saw strong support near ₹153, while volumes crossed nearly 1.2 to 1.5 crore shares, reflecting active participation from metal sector investors. Sentiment improved on expectations of stable steel prices and steady demand recovery in domestic and global markets.
Meanwhile, ITC Hotels continued to attract buying interest as hotel occupancy rates improved in key urban centers, supported by rising business travel and seasonal demand. The combined strength in these heavyweight stocks played a key role in lifting both Sensex and Nifty to their intraday highs during today’s stock trading session.
Stocks Today: Sensex and Nifty Key Index Numbers
The BSE Sensex surged around 790 points in Stocks Today, closing near the 77,700 to 77,800 range after recovering strongly from early session volatility. The index moved in an intraday swing of nearly 850 to 900 points, showing aggressive value buying in banking, telecom, and metal heavyweights during the second half.
The NSE Nifty 50 also closed firmly above the 23,689 level, touching intraday highs near 23,750 and gaining close to 1 percent in a single session. The index traded within a range of around 200 points, holding key support above 23,600, which helped confirm short-term recovery momentum. Analysts noted that sustained strength above this zone keeps the index open for a possible move toward the 23,900 to 24,000 range in the near term.
Why did the market rise today?
The rally was mainly driven by bargain buying in oversold sectors and improving global cues. Brent crude staying near 79 dollars provided inflation comfort for India. Institutional buying also strengthened sentiment as domestic funds absorbed selling pressure from foreign investors. Market experts quoted by CNBC TV18 said earnings stability is now guiding short-term trading behavior. AI Stock research models also showed rising momentum in banking and infrastructure counters.
Conclusion
Markets ended the session on a strong note with Sensex up 790 points and Nifty above 23,689, signaling renewed investor confidence after recent weakness. Banking, metal, and hospitality stocks led the recovery while global cues stayed supportive. Overall sentiment in Stocks Today remains cautiously positive as investors await upcoming macro data and earnings trends.
FAQs
The rally was driven by value buying in banking, telecom, and metal stocks after four straight sessions of decline.
Adani Enterprises gained on infrastructure growth expectations, while Tata Steel rose due to hopes of stable steel demand and margins.
Analysts believe Nifty could move toward 23,900 to 24,050 if buying momentum continues in heavyweight sectors.
Disclaimer
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
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