New Delhi, March 6 -- Market update: Nifty and Nifty Bank analysis for 5 March

After facing persistent selling pressure in the past sessions, the Indian stock market staged a strong recovery on Wednesday, bringing much-needed relief to investors. The benchmark indices closed on a positive note, signalling renewed optimism and a shift in sentiment.

The Nifty 50 index surged 1.15%, closing at 22,337.30, successfully reversing its previous losses. Similarly, the Sensex climbed 1.01% to settle at 73,730.23, reflecting a broad-based buying trend across sectors. Meanwhile, the Bank Nifty gained 0.51%, ending the session at 48,489.95, indicating a moderate recovery in banking stocks.

The market was led by strong sectorial performances, with m...