Sensex Surges 1,131 Points Amid Global Market Strength and Strong Financial Stock Gains
Sensex rallied 1,131 points to close at 75,301, driven by positive global cues, strong financial stocks, and bargain hunting. Nifty also gained 325 points, closing at 22,834.
kowshik Reddy
The Indian Stock Market saw a considerable rally on March 18, 2025, wherein BSE Sensex added 1,131.31 points (1.53%) to be at 75,301.26, and NSE Nifty 50 rose by 325.55 points (1.45%) to 22,834.30.
Reasons for the Rally:
- Positive Global Cues: Bull walls across the global market remain a tailwind for Indian indices. Important Asian markets like Seoul, Tokyo, Shanghai, and Hong Kong were all in the green, buoyed by some overnight gains on Wall Street.
2. Rally in Financial and Metal Stocks: Top-tier banks like ICICI Bank have staged a tremendous reversal, which led to the hoisting of financial shares. Further buying in metal shares has also gained interest following stimulus measures from China and further weakness in the dollar.
3. Technical Bounce Collected With Betting Buying: There was buying interest in those stocks that were considered to be at or near a bottom price, having been sold out heavily in the recent trade, for a bargain. This bargain-buying attitude was also responsible for helping fuel the rally, along with some technical strength.
Market outlook:
Notwithstanding the recent surge, a cautious approach reigns in the market as it awaits guidance from the U.S. Federal Reserve, which ought to either ease global liquidity or tighten investment flows. The government's recommendation of imposing a 12% safeguard duty on some steel imports temporarily ought to lend support to domestic metal producers, and that would remain an impetus for stocks linked to the sector.
Both indices would maintain their positive trend, when opened on March 19, 2025, with Sensex above 75,300 and Nifty 50 above 22,850. Investors ought to keep a close watch on not just global developments but also sector-specific news, which are likely to play a major role in influencing market dynamics in the near term.
