Indian Stock Market Surges to Six-Week Highs as Sensex and Nifty Extend Gains
Banking and real estate stocks lead the rally, supported by foreign investor optimism, RBI measures, and favorable global trends.
- The BSE Sensex rose by 1,078 points to close at 77,984.38, while the NSE Nifty gained 307.95 points to end at 23,658.35 on March 24, 2025.
- Banking and real estate stocks were the top performers, with sectoral indices Nifty Realty and Nifty Bank gaining 2.17% and 2.01%, respectively.
- Foreign Institutional Investors (FIIs) were net buyers for six consecutive days, purchasing equities worth ₹7,470.36 crore, fueling the market's upward momentum.
- RBI measures, including interest rate cuts and reduced risk weights on NBFC lending, bolstered investor confidence in the banking sector.
- The cancellation of a planned nationwide bank strike further strengthened market sentiment, contributing to the ongoing rally.