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Market Wrap: Sensex adds 208 points, Nifty extends gain for third session, reclaims 25,900; auto, metal stocks shine

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Market Wrap: Sensex adds 208 points, Nifty extends gain for third session, reclaims 25,900; auto, metal stocks shine
Benchmark indices Nifty and Sensex extended their gains for a second straight session on Tuesday, supported by a sharp rally in auto and metal stocks that lifted overall sentiment. Meanwhile, broader markets outperformed, with midcap and smallcap indices rising 0.5% and 0.35%, respectively.

The BSE Sensex rose 208 points to close the session at 84,274 or 0.25% higher, while the Nifty 50 gained 68 points or 0.26% points to end the day at 25,935.

On the 30–share Sensex, Eternal rose over 5% to end the session as the top gainer on the index. Tata Steel followed suit with a rise of 2.82%, while M&M and Tech Mahindra gained more than 1.5% each. HCL Tech, Bajaj Finance, Bharti Airtel, and Adani Ports fell up to 2% on Tuesday.

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Vinod Nair, Head of Research, Geojit Investments said today’s rise was supported by the US trade agreement and positive cues from key Asian markets. A strong resurgence in FII inflows, coupled with rupee appreciation, is further bolstering the investor sentiment, although intermittent profit-booking was visible across sectors. With tariff-related concerns largely easing, the near-term market trajectory will hinge on Q3 earnings, which have been mixed and below expectations so far. Investors are now focused on the combined impact of recent fiscal and monetary measures to revive earnings momentum in the coming quarters.”


Global Markets
Asian equities moved higher on Tuesday, with gains led by Tokyo markets extending their rally after Japanese Prime Minister Sanae Takaichi’s decisive election win over the weekend. MSCI’s broad Asia-Pacific index excluding Japan rose 0.6%, while the Nikkei 225 climbed 2.3% for a third straight session to a fresh high. The yen also strengthened for a second consecutive day.European markets opened on a mixed note as investors assessed a wave of corporate earnings announcements. The Stoxx index was largely flat with no clear trend across major markets and sectors, while Germany’s DAX advanced 0.4%.

U.S. stock futures traded slightly lower on Tuesday morning after the Dow Jones Industrial Average closed at a fresh record high. Dow futures declined by 25 points, or about 0.04%, while S&P 500 futures slipped 0.06% and Nasdaq 100 futures fell 0.2%.

Crude impact

Oil prices edged higher on Tuesday as traders assessed the risk of potential supply disruptions, with U.S. guidance for vessels passing through the Strait of Hormuz keeping geopolitical tensions between Washington and Tehran in focus.

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Brent crude futures rose 29 cents, or 0.4%, to $69.33 per barrel by 0916 GMT, while U.S. West Texas Intermediate crude gained 22 cents, or 0.3%, to $64.58 per barrel. “The market is still focused on the tensions between Iran and the U.S.,” said Tamas Varga, oil analyst at brokerage PVM.

Rupee vs Dollar

The Indian rupee ended 0.2% higher at 90.5775 against the U.S. dollar, compared with its previous close of 90.7575.

(With inputs from agencies)

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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What Investors Can Learn from Akif Capital’s Customer Success Stories and Strategic Equity Investments

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What Investors Can Learn from Akif Capital’s Customer Success Stories and Strategic Equity Investments

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OPINION: It might be time to reconsider how to best meet student needs and expectations as they receive their degrees.

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At Close of Business podcast March 11 2026

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(VIDEO) Why did Heeseung leave ENHYPEN? Star Departs Group to Chase Solo Career

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US singer Taylor Swift arrives for the "Taylor Swift: The Eras Tour" concert movie world premiere in October 2023

ENHYPEN member Heeseung announced his departure from the K-pop boy band on March 10, 2026, to focus on a solo career, his agency Belift Lab confirmed in an official statement that sent shockwaves through the global fandom.

Enhypen
Enhypen in January 2026 L–R: Ni-Ki, Heeseung, Jake, Sunghoon, Jungwon, Sunoo, and Jay

The 24-year-old vocalist, widely regarded as the group’s “ace” for his all-rounder skills in singing, dancing and producing, will leave ENHYPEN after six years, effective immediately. Belift Lab, a subsidiary of HYBE Labels, emphasized that the decision followed extensive discussions among the members and agency about the group’s future direction and individual aspirations.

“Heeseung has his own distinct musical vision,” the agency stated via the fan platform Weverse and official social media channels. “After in-depth conversations, we decided to respect his wishes.” Heeseung will remain signed to Belift Lab and is actively preparing for a solo album debut, though no specific release timeline has been disclosed.

ENHYPEN, formed through the 2020 survival show “I-LAND,” will proceed as a six-member act featuring Jungwon, Jay, Jake, Sunghoon, Sunoo and Ni-ki. The group, known for its intense performances and dark-concept storytelling, recently promoted its seventh EP “The Sin: Vanish” in January 2026, achieving strong chart performance and international acclaim.

Heeseung, born Lee Hee-seung, debuted as ENHYPEN’s eldest member and center, contributing significantly to the group’s vocal stability and choreography. Fans often credited him with elevating tracks through his high notes and ad-libs, while his participation in songwriting and production added depth to ENHYPEN’s discography.

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In a handwritten letter posted on Weverse shortly after the agency’s announcement, Heeseung addressed ENGENE — the group’s fandom — directly, expressing gratitude and acknowledging the surprise. “Engine must have been very surprised to hear my news, and I think there are many people who are curious about the sudden story,” he wrote. “After thinking it over for a very long time, I made a big decision to follow the direction the company suggested, so that I can come to ENGENE in a better way.”

He described his six years with ENHYPEN as “the brightest moments of my life,” filled with overwhelming joy and growth. Heeseung emphasized his reluctance to prioritize personal ambitions over the team but noted the agency’s proposal aligned with his desire to explore new creative paths. “I had a lot of things I wanted to show you, but I also didn’t want to put my greed ahead of the team,” he added. He promised to work hard on solo projects and return stronger, carrying fans’ support forward.

The departure comes amid a wave of K-pop group restructurings in recent months, with fans drawing parallels to other high-profile exits. Discussions on platforms like X and Reddit highlighted questions about why Heeseung could not pursue solo activities while remaining in the group — a model adopted by members of acts like BTS and TXT. Some speculated internal scheduling pressures or differing artistic directions played a role, though no official statements cited conflicts or scandals.

Belift Lab praised the amicable nature of the transition, noting mutual respect among members. Industry observers commended the agency’s handling, describing it as transparent and professional compared to past cases involving abrupt or contentious departures.

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Fan reactions poured in swiftly, ranging from heartbreak to support. Many ENGENE expressed sadness over losing the group’s original dynamic, with trending hashtags reflecting grief and well-wishes. Others voiced optimism about Heeseung’s solo potential, citing his vocal prowess and creative input as assets for independent work. Some fans debated the timing, noting ENHYPEN’s packed schedule and recent promotional fatigue, while others questioned if the move signals broader shifts in HYBE’s strategy for its artists.

ENHYPEN rose rapidly since debut, amassing millions of followers with hits blending pop, hip-hop and electronic elements. The group achieved global success through world tours, music show wins and collaborations, solidifying its position in fourth-generation K-pop. Heeseung’s contributions were central to that trajectory, from standout performances on “I-LAND” to leading roles in concept trailers and live stages.

As ENHYPEN prepares for upcoming activities as six members, no immediate changes to scheduled promotions have been announced. The group maintains a strong fanbase and commercial momentum, with expectations high for continued releases and tours.

Heeseung’s solo path marks a new chapter for the artist who once described ENHYPEN as his “everything.” Belift Lab indicated support for both the group’s group endeavors and Heeseung’s individual pursuits, suggesting potential for future crossovers while respecting the separation.

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The announcement underscores evolving dynamics in K-pop, where artists increasingly seek personal expression amid group commitments. For ENHYPEN and its fans, the focus shifts to adaptation and anticipation for what lies ahead — both for the six-piece lineup and Heeseung’s forthcoming solo era.

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