Stock Market: Sensex, Nifty jumped nearly 1% on FII buying; extend rally to fifth day
Stock Market Today: The BSE Sensex jumped 557.45 points to close at 76,905.51. The NSE Nifty climbed 159.75 points or 0.69 per cent to 23,350.40.
Mumbai: The BSE Sensex gained 557.45 points to settle at 76,905.51 on March 21, 2025, Friday. Intraday, the barometer rallied 693.88 points to 77,041.94. The NSE Nifty climbed 159.75 points to end at 23,350.40.
The benchmark stock indices appreciated nearly 1 per cent due to fresh foreign fund inflows and gains in bank stocks. Experts are of the opinion that the said the investors’ sentiment is on the positive side after the US Federal Reserve suggested the possibility of two rate cuts this year.
Gainers from the Sensex pack included, Zomato, Kotak Mahindra Bank, Axis Bank, Nestle, NTPC, Bajaj Finance, Larsen & Toubro, Tata Motors, ICICI Bank, and Power Grid. Laggards included, Mahindra & Mahindra, Titan, Bajaj Finserv, Infosys, and Tata Steel.
The 30-share Sensex index declined 252.8 points to 76,095.26 in early trade, while the broader Nifty dropped 57.85 points to 23,132.80. However, later Sensex and Nifty recovered and regained the early lost ground.
Seoul closed traded in the green while Hong Kong, Shanghai and Tokyo closed lower. The US stock markets closed marginally lower on Thursday. Global oil benchmark Brent crude climbed 0.43 per cent to USD 72.31 a barrel. Foreign institutional investors (FIIs) purchased equities worth Rs 3,239.14 crore on Thursday.
“The domestic market has concluded the week with consistent recovery. The anticipated reduction in risk-free rates, coupled with a correction in the dollar index, is facilitating fund flows back to EMs.
“FIIs, whose selling activity has been waning, are becoming net buyers, driven by dovish signals from the US Fed, which suggest the possibility of two rate cuts this year. This has reignited optimism in the domestic market,” Vinod Nair, Head of Research, Geojit Financial Services, said.
On March 20, 2025, The Sensex rallied 899.01 points to end at 76,348.06. It regained the 76,000 level. The Nifty jumped 283.05 points to reclaim the 23,000-mark to settle at 23,190.65.
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