Markets News

Stock Market Closing: Sensex, Nifty rally more than 1% on FII inflows

Mumbai: The BSE Sensex rallied 1,078.87 points to close at 77,984.38 on March 24, 2025 (Monday). The NSE Nifty surged 307.95 points to 23,658.35. The benchmark equity indices surged over 1 per cent amid fresh foreign fund inflows and buying in banking and oil & gas shares. Experts were of the view that a positive trend in the US and European markets led the rally in domestic equities.

Sensex pack gainers included, Bajaj Finserv, Axis Bank, State Bank of India, Tech Mahindra, Power Grid,  HCL Tech, Reliance Industries, Bajaj Finance, NTPC, and Kotak Mahindra Bank. Laggards included, Infosys, Zomato, Mahindra & Mahindra, Nestle, Bharti Airtel, Titan, and IndusInd Bank.

The 30-share Sensex jumped over 650 points to 77,558.74 in morning trade, while the broader Nifty surged 200 points to 23,550.40.

As per the exchange data, Foreign Institutional Investors (FIIs) purchased equities worth Rs 7,470.36 crore on March 21, 2025. Global oil benchmark Brent crude slipped 0.40 per cent to USD 71.87 a barrel.

“Short covering ahead of monthly F&O expiry later this week fuelled the rally as the Sensex breached the psychological 78k mark intra-day on across-the-board buying.

“Renewed optimism by foreign investors coupled with strong US and European market cues further bolstered the sentiment,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

Hong Kong and Shanghai settles higher, while Seoul and ended lower. The US stock markets closed in the positive territory on Friday.

“The uncanny ability of the market to surprise was evident last week when the Nifty surged by over 4 per cent in a week. The fact that this happened when globally markets were jittery on fears of Donald Trump’s reciprocal tariffs kicking in from April 2 is important.

“So, what led to this sudden reversal of trend in the Indian market? Improving macros of the Indian economy and fair valuations have turned FIIs from sellers to buyers,” V K Vijayakumar, Chief Investment Strategist, Geojit Investment Services, said.

The 30-share Sensex benchmark rallied 3,076.6 points and the Nifty appreciated 953.2 points. On Friday, the BSE benchmark jumped 557.45 points to end at 76,905.51. The Nifty gained 159.75 points to 23,350.40.

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