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Sensex Today Rallies 568 Points | Nifty Above 25,550 | Auto & Metal stocks Shine
Tue, 17 Mar Closing

Sensex Today Rallies 568 Points | Nifty Above 25,550 | Auto & Metal stocks ShineImage source: monsitj/www.istockphoto.com

After swinging between losses and gains for the most part of the trade, the stock market ended the day on strong footing.

At the closing bell, the BSE Sensex  closed higher by 567 points (Up 0.8%).

Meanwhile, the NSE Nifty closed 172 points higher (Up 0.7%).

Eternal, Tata Steel, M&M among the top gainers today.

Wipro, Cipla and Infosys on the other hand, were among the top losers today.

The GIFT Nifty was trading at 23,582 up by 197 points at the time of writing.

The BSE 150 MidCap index ended 1.1% higher and BSE 250 SmallCap index ended 0.4% higher.

Barring IT sector, all other sectoral indices were trading on positive note, with stocks in realty sector and metal sector witnessing buying speer.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at 92.4 against the US$.

Gold prices for the latest contract on MCX are trading 0.2% higher at Rs 156,051 per 10 grams.

Meanwhile, silver prices were trading 0.08% higher at Rs 256,749 per 1 kg.

Speaking of stock markets, Raul Shah, Research Analyst at Equitymaster, discusses an important question for investors: Are you buying real growth or simply buying hope?

He explains the concept of the "invisible monster" known as multiple compression and why it could be one of the biggest risks for aggressive retail investors in the market today.

Watch to know more.

Tata Motors Gains 2% Today

In the news from the auto sector, the share price of Tata Motors Commercial Vehicles (formerly known as TML Commercial Vehicles) moved higher in Tuesday's intra-day trade, rising around 2% to Rs 446.50 on the BSE, following the company's announcement of a price hike across its commercial vehicle portfolio.

The company stated that it will increase prices by up to 1.5% across its commercial vehicle range, with the revision set to take effect from 1 April 2026. The extent of the increase will vary depending on the model and variant.

According to the company, the price hike is aimed at partially offsetting the impact of rising commodity prices and higher input costs, as highlighted in its exchange filing after market hours on 16 March 2026.

 Tata Motors Ltd. Share Price Chart (Rs) - 1 Month

IDBI Bank Tumbles 29% in a week.

Moving on to news from the banking sector, in the past two trading days, the stock price of the private sector lender slipped 20 per cent amid reports that the government may call off IDBI Bank stake sale plan.

In the past week, it tanked 29 per cent, and now quotes near its 52-week low of Rs 72.04 touched on 17 March 2025.

As per media reports, the Government is likely to scrap the proposed sale of a 60.7 per cent stake in IDBI Bank due to bids coming in below the reserve price amid volatile global market conditions and weak investor appetite.

The planned transaction involved the government's 45.48% stake and Life Insurance Corporation of India's (LIC's) 49.24% holding as part of the Centre's broader privatisation programme aimed at reducing state ownership in banking.

According to the December 2025 shareholding pattern, the public shareholders held 5.3% stake in IDBI Bank. Of these, residential individual shareholders held 3.9% holding in the company.

Maruti Suzuki India Receives Income Tax Notice

Maruti Suzuki India on Tuesday said it has received a Draft Assessment Order from the Income Tax Authority involving a proposed amount of Rs 57.9 bn.

The company stated that it will file its objections before the Dispute Resolution Panel. In its regulatory filing, Maruti Suzuki clarified that the notice will have no impact on its financials, operations, or overall business activities.

The draft order pertains to FY 2022-23, where the tax authorities have proposed certain additions and disallowances amounting to Rs 57,864 million over the income reported by the company in its tax return.

As per its unaudited Q3 results, the company had reported total tax expenses of Rs 10,360 million.

Why BSE Share Price is Rising

Moving on, BSE shares were in an uptrend today amid firm buying across the capital market space, supported by strong volumes and positive developments surrounding the National Stock Exchange's (NSE) upcoming IPO.

The momentum was backed by a strong trading activity, with around 4.2 million shares changing hands, close to the previous session's total traded volume of 4.3 million, according to the NSE data.

BSE also emerged as one of the top gainers within the Nifty Capital Markets index, which advanced 2% during the session.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Read the latest Market Commentary


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