Stock market update: Rally continues in Sensex, Nifty
On the first trading day of the week, today i.e. Monday (24 March), the stock market was bullish. Sensex closed at 77,984, up 1078 points (1.40%). Nifty rose 307 points (1.32%), closing at 23,658.
Out of 30 Sensex stocks, 24 were bullish. Top gainers were Kotak Mahindra Bank 4.63%, NTPC 4.51%, SBI 3.75%, Tech Mahindra 3.54% and Power Grid 3.27%.
At the same time, Nifty PSU Bank Index rose 3.18%, Private Bank 2.42%, Realty 1.53%, Oil & Gas 1.46% and Financial Services Index 1.89%.
Reasons for the rise in the market
Foreign investors are changing the trend and buying in the Indian market. On March 21, they made a net purchase of ₹7,470.36 crore. This is the biggest net purchase by foreign investors in 2025. This was the third consecutive session last week in which foreign investors bought.
Apart from this, many stocks with good fundamentals like Tata Motors and Infosys are available cheaply, in which people are buying. Tata Motors has fallen 40% from its peak.
India’s GDP grew at the rate of 6.2% in the third quarter of FY 2025. At the same time, retail inflation stood at 3.61% in February, which was 4.26% in January. Apart from this, the Index of Industrial Production (IIP) grew by 5% in January, which was 3.2% in the first month. According to experts, this data is positive for the economy.
Nifty rose over 7% from the year’s low
This year, Nifty has seen a big recovery in March 2025. Nifty closed at 23,658, up 7.16% from the low of 21,964 on March 4.
Nifty has gained more than 1000 points (about 5%) in a week. This is a record in the last four months that Nifty has climbed so much in a single week.
