Indian Stock Market Surges as Sensex and Nifty 50 Post Major Gains
Real estate and banking stocks drive a robust rally, supported by foreign investments and optimism over potential RBI rate cuts.
- The BSE Sensex climbed 742.86 points (0.97%) to 77,648.37, and the NSE Nifty 50 rose 224.90 points (0.96%) to 23,575.30 on March 24, 2025.
- Nifty Realty and Nifty Bank indices led the rally, with gains of 2.17% and 2.01%, reaching 881.55 and 51,611.00 points respectively.
- Top-performing Sensex stocks included NTPC, which increased by 2.15% to ₹358.70, along with Tata Motors and Power Grid Corporation of India.
- Foreign Institutional Investors (FIIs) were net buyers of ₹7,470.36 crore worth of equities, while Domestic Institutional Investors (DIIs) sold ₹3,202.26 crore worth.
- Declining global oil prices and expectations of a rate cut in the RBI's upcoming Monetary Policy Committee meeting bolstered market confidence.