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Date: 18-mar-2025
On March 18, 2025, the Indian equity markets witnessed a significant uptrend, with both benchmark indices recording substantial gains. The BSE Sensex surged by 1,131.31 points (1.53%) to close at 75,301.26, while the Nifty 50 index advanced by 325.55 points (1.45%) to settle at 22,834.30. This rally marks the best single-day performance for the indices in six weeks, bringing them to near one-month highs.
The uptrend was primarily driven by positive global cues and bargain hunting by investors. The MSCI Asia ex-Japan equity index rose by 1.3%, reflecting optimism over China's economic prospects, which in turn bolstered sentiment in the Indian markets.
All sectoral indices ended in the green, with notable performances from:
Midcap and smallcap indices also rallied, each climbing more than 2%, indicating broad-based buying across market capitalizations.
The Nifty 50 index decisively broke out of its week-long consolidation phase, closing near the day's high. The formation of a strong bullish candle on the daily chart suggests a shift in momentum favoring the bulls. The immediate target is now pegged at 22,920, with the 50-day moving average approaching that level, acting as a potential resistance. Support has shifted higher to 22,620, indicating a positive bias in the near term.
The Indian rupee appreciated by 23 paise to close at ₹86.56 against the U.S. dollar, compared to the previous close of ₹86.79. The strengthening of the rupee aligns with the positive sentiment in the equity markets and reflects improved investor confidence.
The robust performance of the Indian stock market on March 18, 2025, underscores a renewed sense of optimism among investors. The broad-based rally across sectors, coupled with positive global cues and technical breakouts, suggests a favorable outlook for the markets in the near term. Investors are advised to monitor global developments and corporate earnings closely to make informed investment decisions.
Date: 17-Mar-2025
The BSE Sensex closed 362 points higher at 74,190, while Nifty 50 surged 119 points to end at 22,515 on March 17, 2025. Banking and pharma stocks led the rally.
Date: 19-Mar-2025
The BSE Sensex closed 362 points higher at 74,190, while Nifty 50 surged 119 points to end at 22,515 on March 17, 2025. Banking and pharma stocks led the rally.
04 Apr 2025
