Indian Markets Extend Gains for the Sixth Straight Session

The Indian stock market continued its winning streak as benchmark indices surged higher on Monday, March 24, 2025. The Sensex climbed 1.4% to close at 77,984.38, while the Nifty 50 advanced 1.32% to settle at 23,658.00. The rally was driven by strong buying in banking and IT stocks, renewed foreign investor inflows, and a firm rupee.

Key Market Highlights

• Broader market gains: The Nifty Midcap 150 rose 1.12%, while the Nifty Smallcap 250 gained 0.98%.

• Volatility spikes: The India VIX rose 8.94% to 13.70, indicating heightened market volatility.

• Sectoral leaders: The Nifty PSU Bank index surged 3.18%, making it the top-performing sector, while Nifty Media saw the lowest gains at 0.06%.

Sectoral Performance

📈 Top Gaining Sectors:

• Nifty PSU Bank 🔼 +3.18%

• Nifty Bank 🔼 +2.20%

• Nifty Financial Services 🔼 +1.99%

• Nifty Realty 🔼 +1.53%

• Nifty IT 🔼 +1.40%

📉 Least Gaining Sectors:

• Nifty Media 🔼 +0.06%

• Nifty Metal 🔼 +0.64%

Top Gainers & Losers

Top Gainers

🚀 JBM Auto | ₹663.00 | +16.73%

The stock surged as reports emerged about Mahindra & Mahindra’s interest in acquiring a stake in SML Isuzu’s promoter Sumitomo Corporation.

🚀 Finolex Cables | ₹936.95 | +11.67%

Finolex extended its winning streak, backed by strong institutional buying.

🚀 Rajesh Exports | ₹206.70 | +10.40%

The stock saw increased investor interest amid a strong gold rally.

Top Losers

🔻 Jindal Stainless (JSL) | ₹593.25 | -5.19%

The stock declined after Nuvama reduced its target price on concerns over margin pressure.

🔻 KEC International | ₹802.00 | -4.42%

The stock witnessed selling pressure amid a spike in trading volumes.

🔻 Vodafone Idea | ₹7.33 | -3.81%

The telecom stock remained under pressure as investors booked profits.

Corporate Developments to Watch

📌 L&T: Approved long-term borrowing of ₹12,000 crore via external commercial borrowings.

📌 Godrej Properties: Acquired 10 acres of land in Yelahanka, Bengaluru, with a revenue potential of ₹2,500 crore.

📌 Power Grid Corp: Acquired Chitradurga Bellary REZ Transmission after winning a tariff-based competitive bid.

📌 Samvardhana Motherson International: Announced a ₹200 crore investment in its subsidiary CIM Tools.

📌 Reliance Industries: Completed the acquisition of a 74% stake in Nauyaan Shipyard for ₹383 crore.

📌 Salasar Techno Engineering: To review the proposed merger of EMC on March 26.

Global Market Trends

• Wall Street: The S&P 500 and Nasdaq gained ground as the U.S. Fed reaffirmed its stance on potential rate cuts later this year.

• European Markets: Largely flat as the Bank of England and European Central Bank held interest rates steady.

• Asian Markets: Mixed performance, with Chinese indices underperforming amid economic concerns.

Upcoming Global Economic Events (March 25-29, 2025)

📊 United States

• GDP Growth Rate (Q4 Final) – March 28

• Core PCE Inflation (Feb) – March 29

📊 Europe

• UK GDP Growth Rate (Q4 Final) – March 27

• Eurozone Consumer Confidence – March 28

📊 China

• Industrial Profits (YTD) – March 27

• Loan Prime Rate Decision – March 29

📊 India

• Bank Credit Growth (Mar 22) – March 28

• Fiscal Deficit (Feb) – March 29

Market Outlook: What’s Next?

The positive momentum is expected to continue, supported by:

✔️ Renewed FII inflows – Foreign investors turned net buyers with ₹6,000 crore inflows last week.

✔️ Strong domestic macroeconomic indicators – India’s trade deficit at a 22-month low and rising tax collections signal economic resilience.

✔️ Expectation of RBI rate cuts – With inflation easing to a 7-month low (3.61%), markets are pricing in potential rate cuts.

However, global economic uncertainties and U.S. tariff risks could add volatility.

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