On Thursday, the Indian share market closed in green, with the Nifty 50 opening at 24,615.95, reaching a high of 24,854.20, and closing at 24,765.90, up 1.17%. Similarly, the BSE Sensex opened at 79.530.48, reached a high of 80,303.83, and ended at 80,015.90, up by 1.14%.Indian markets traded in the green amid buying interest across sectors and positive cues from global markets, amid hopes of easing geopolitical tensions.Reasons for the positive sentimentThe following are the reasons for the positive sentiment in the stock market:Positive cues from Asian markets.The India VIX declined by 15.61% to 17.84, signalling stability in the equity market.The rupee rose by 48 paise against the dollar, closing at 91.57.Major Indices Today IndicesLTPPrev closeChangeNifty 5024,765.9024,480.501.17%BSE Sensex80,015.9079,116.191.14%Next 5067,722.2066,799.401.38%Bank Nifty59,055.8558,755.250.51%Fin Nifty27,235.8027,020.450.80% The major indices, Nifty 50 and Sensex, traded in green, led by Energy, Defence, and Automobile stocks.Nifty Next 50 traded in green, amid gains in FMCG, Metal, and Power stocks.Nifty Bank traded in green amid broader market sentiment.Sectoral Indices Today IndicesLTPPrev closeChangeNifty IT30,126.8030,305.25-0.59%Nifty Auto27,366.8026,867.151.86%Nifty FMCG50,000.8049,797.500.41%Nifty Pharma23,005.5022,672.201.47%Nifty Healthcare14,853.3514,649.951.39%Nifty Oil & Gas11,812.2511,630.901.56% Nifty IT traded lower amid a stronger rupee, a headwind for export-focused IT services firms, and following a slash in target prices for IT stocks by Kotak Institutional Equities.Nifty Auto traded higher following a report by the Federation of Automobile Dealers Associations (FADA) stating Indian retail vehicle sales rose 25.6% in February, reaching 24.09 lakh units, driven by robust demand for two-wheelers and passenger vehicles.Nifty FMCG traded in green amid broader market sentiment.Nifty Pharma traded higher amid positive stock-specific news across the sector.Nifty Oil and Gas traded in the green following gains in Reliance Industries' share prices after analysts at JM Financial noted that the company could benefit from rising crude prices amid Middle East tensions.Market Movers Today IT stocks, namely HCLTech, Coforge, and Mphasis, dropped by 2% after Kotak Institutional Equities reduced the target prices.Shares of Defense companies, namely Bharat Electronics, Mazagon Dock Shipbuilders, and Hindustan Aeronautics, rose by 3.6%, 5.3%, and 0.5%, respectively, amid buying interest due to escalating tensions involving Iran, Israel, and the United States.Ramky Infrastructure shares rose by 9% after the company secured an EPC contract from Maharashtra Industrial Township.BSE shares rose by 2% after receiving approval from SEBI to launch derivative contracts for the BSE Sensex Next 30 index.Top Gainers Company NameLTPPrev CloseChangeMazagon Dock Shipbuilders2,352.502,165.408.64%NALCO395.95373.506.01%Hindalco Industries954.95921.803.60%Coal India449.40435.153.27%Blue Star1,946.701,843.605.59% Top Losers Company NameLTPPrev CloseChangeKPIT Technologies717.50736.15-2.53%Mphasis2,231.602,267.20-1.57%Coforge1,152.701,170.00-1.48%Rail Vikas Nigam279.25282.05-0.99%Indian Hotels Company629.70633.75-0.64% 52W High Stocks Company NameLTP52W highChangeBharat Electronics460.00467.902.94%Lupin2,332.9002,361.601.21%Sai Life Sciences1,069.201,084.006.46%Data Patterns3,359.203,422.007.45%Sterlite Technologies173.53183.623.95% 52W Low Stocks Company NameLTP52W lowChangeTata Consultancy Services2,578.802,546.40-0.35%Wipro195.68193.220.07%Shree Cement25,200.0024,760.00-0.61%Berger Paints434.80430.55-0.90%Godrej Industries932.60926.00-0.60% High Volume Stocks Today Company NameLTPPrev CloseChangeVodafone Idea10.229.992.30%Yes Bank20.2320.011.10%Suzlon Energy40.2539.930.80%Eternal240.14240.73-0.25%Tata Steel200.57196.731.95% IPOsSEDEMAC Mechatronics IPO is open and will close on 6th March. The price band set for the IPO is from ₹1,287 to ₹1,352 per share.Listed todayOmnitech Engineering stock was listed at a 11.01% discount on NSE at ₹202 per share and a 9.69% discount on BSE at ₹205 per share. The price band set for the IPO was at ₹216 to ₹227 per share.Market AnnouncementsSundaram Fasteners shares dropped by 1.3% after HDFC Mutual Fund offloaded over 2% of its equity stake in the company for ₹358 crore via open-market transactions.GE Shipping shares rose by 6% after the company agreed to acquire a 2014-built Japanese Kamsarmax dry bulk carrier of 81,094 deadweight tonnage.