Key equity market benchmark indices on Tuesday surged 1.5% bolstered by strong global cues and a robust rally in financial, auto, and banking stocks, analysts said.
The S&P BSE Sensex gained 1,131 points or 1.53% to 75,301 points.
The NSE Nifty-50 index too surged 326 points or 1.45% to 22,834 points.
Devarsh Vakil, Head of Prime Research, HDFC Securities said, “This marks the highest one-day percentage increase [of Nifty] since February 4, 2025. After opening 154 points higher, Nifty maintained its upward momentum throughout the trading session, finishing near the day’s peak.”
“Broad-based buying across all sectors elevated investor sentiment, pushing all sectoral indices into positive territory. The Nifty Media, Realty, and Financial Services sectors led the charge, each advancing by more than 3%,” he said.
Cash market volumes on the NSE saw an 18% increase compared with the previous day. The Nifty Midcap and Smallcap 100 indices outperformed the benchmark Nifty, climbing by 2.18% and 2.71%, respectively.
“After five consecutive sessions of negative advance-decline ratios, the market breadth turned decisively positive, with the BSE advance-decline ratio registering at 2.33,” Mr. Vakil said.
“Market participants will closely monitor the outcome of the upcoming FED and BOJ meetings during Wednesday’s session,” Bajaj Broking said in a note to clients.
Published – March 18, 2025 08:05 pm IST
