On Monday, the Indian share market closed the day in green with the Nifty 50 opening at 23,116.10, reaching a high of 23,502.00, and closing at 23,408.80, up 1.11%. Similarly, the BSE Sensex opened at 74,415.79, reached a high of 75,805.27, and ended at 75,502.85, up by 1.26%.The Indian market traded in green amid a buying sentiment across various sectors after a huge decline and positive cues from broader Asian markets.Reasons for the positive sentimentThe following are the reasons for the positive sentiment in the stock market:The strong buying interest in banking, automobile, and cement stocks. Positive cues from broader Asian markets.India VIX dropped by 4.77% to 21.60, indicating market stability.Major Indices Today IndicesLTPPrev closeChangeNifty 5023,408.8023,151.101.11%BSE Sensex75,502.8574,563.921.26%Next 5064,462.3064,691.45-0.35%Bank Nifty54,413.4053,757.851.22%Fin Nifty25,515.2525,138.651.50% The major indices, Nifty 50 and Sensex, traded in green, led by Banking and Automobile stocks.Nifty Next 50 traded lower amid losses in Power and Pharma stocks.Nifty Bank traded in green amid broader market sentiment.Sectoral Indices Today IndicesLTPPrev closeChangeNifty IT29,042.5529,071.25-0.10%Nifty Auto24,599.1024,195.101.67%Nifty FMCG48,468.8547,924.151.14%Nifty Pharma22,547.2022,832.20-1.25%Nifty Healthcare14,402.7514,602.95-1.37%Nifty Oil & Gas11,108.7511,286.80-1.58% Nifty IT traded lower after mutual funds reduced investments in the sector in February.Nifty FMCG traded in green amid positive market sentiment.Nifty Auto traded higher after car sales in India are expected to mark 4.7 million units this fiscal year, fueled by robust domestic demand.Nifty Pharma traded lower amid negative investor sentiment over export concerns amid ongoing geopolitical tensions.Nifty Oil and Gas traded lower on the ongoing oil crisis.Market Movers Today Bajel Projects shares rose by 10% after the company secured an ultra-mega order from MSETCL.Seamec shares rose by 1% after securing an order from ONGC.Fino Payments Bank shares dropped 16% to a 52-week low after a report that certain online gaming transactions linked to the company may come under scrutiny by the ED.Adani Power shares rose by 5% after the company secured LoA from the Maharashtra State Electricity Distribution Company (MSEDCL) for the supply of 1,600 MW of power from one of its upcoming ultra-supercritical thermal power projects. Top Gainers Company NameLTPPrev CloseChangeUltraTech Cement11,099.0010,616.004.55%Mahindra & Mahindra3,036.102,931.103.58%Grasim Industries2,654.402,568.603.34%One 97 Communications1,013.80976.203.85%Eternal222.04215.682.95% Top Losers Company NameLTPPrev CloseChangeBandhan Bank162.54175.50-7.38%Indian Oil Corporation148.96156.54-4.84%Bharat Petroleum304.95319.30-4.49%Laurus Labs960.801,003.40-4.25%Hindustan Petroleum353.80368.75-4.05% 52W High Stocks Company NameLTP52W highChangeJ B Chemicals and Pharmaceuticals2,090.202,177.00-1.49%Grover Jewells238.90238.904.99%Timken3,447.903,610.000.07%Aeroflex Industries246.91251.005.43%Neueon Towers14.5815.160.97% 52W Low Stocks Company NameLTP52W lowChangeICICI Bank1,272.901,240.101.44%Tata Consultancy Services2,409.202,366.10-0.05%Infosys1,249.801,224.200.12%HCL Technologies1,328.601,302.400.24%Wipro195.11192.77-1.25% High Volume Stocks Today Company NameLTPPrev CloseChangeVodafone Idea9.399.271.29%Yes Bank18.5418.80-1.38%Suzlon Energy41.0141.41-0.97%Eternal222.04215.682.95%HDFC Bank840.60817.002.89% IPOsGSP Crop Science IPO opened today and will close on 18th March. The price band set for the IPO is from ₹304 to ₹320 per share.Innovision IPO is open and will close on 17th March. The price band set for the IPO is ₹494-₹519 per share.Market AnnouncementsBandhan Bank shares dropped by 10% to hit a lower circuit after its promoter, Bandhan Financial Services, is exploring options such as a stake sale or an IPO to facilitate exits for long-term investors.IDBI Bank shares dropped by 16% over the news that the government is set to halt the long-running privatisation effort.
