🚀 Bulls Charge Ahead: Sensex Nears 78K, Nifty Soars Past 23,650 as Rupee Rallies & Global Cues Lift Mood 🇮🇳📈

📰Daily Market Wrap-Up by Stock Whisperers-March 24

Author

thestock whisperers
March 24, 2025

24-March-2025

📈 Market Overview:

Summary of the Day's Market Performance

Market Overview

  • The Sensex surged 1,078.87 points (+1.40%) to close at 77,984.38, crossing 78,000 intraday.

  • The Nifty climbed 307.95 points (+1.32%) to 23,658.35, holding above 23,650.

  • Midcap and Smallcap indices each gained over 1%, joining the broad rally.

  • All sectoral indices ended in the green, with bank, capital goods, IT, oil & gas, power, realty, and PSU Bank up 1-3%.

💸 Market Transactions:

  • Foreign Institutional Investors (FII): Bought ₹3,055.76 crore

  • Domestic Institutional Investors (DII): Bought ₹98.54 crore

Strong FII inflows, alongside modest DII buying, powered the rally amid short covering.

📊📑 Important Observations and Market Sentiments: Editor Special

  • The rupee’s 9-day winning streak—its longest since January 2024—erased YTD losses, boosting equities as foreign banks and exporters sold dollars.

  • FIIs returned with vigor, supported by a weaker USDINR (support at 85.20, resistance at 86.05), US/European market gains, and a US representative’s visit ahead of the April 2 tariff talks.

  • Short covering before Thursday’s F&O expiry fueled the surge while moderating inflation (3.75% in Feb) and rate cut hopes offset tariff jitters.

  • Sentiment turned bullish, but sustainability hinges on US-India trade clarity and Q4FY25 earnings.

❓ DO YOU KNOW?

The Sensex’s 1,078-point jump today is its biggest single-day gain since November 2024, lifting its YTD return past 10% after a volatile start to 2025.

📰Stock News:

Key Stock Movements and News

  • Top Gainers: Kotak Mahindra Bank, NTPC, SBI, Power Grid Corp, and Tech Mahindra

  • Top Losers: M&M, Titan Company, IndusInd Bank, Trent, and Bharti Airtel

  • IIFL Capital Services soared 13% after a management rejig named Nemkumar H as Chief Growth Officer.

  • RailTel jumped 10% to ₹321.65 on a ₹25 crore HPCL order, despite a 28% 6-month slide.

  • NTPC gained as Macquarie reaffirmed ‘Outperform’ with a ₹475 target (35% upside).

  • Mahindra & Mahindra fell 3% to ₹2,719.95 amid cautious investor sentiment despite solid financials.

  • Titan slipped after Ambit Capital flagged weak Q4 revenue growth.

  • Power Mech zoomed 16% on a ₹579 crore civil works order from BHEL.

  • Defense stocks (Bharat Dynamics, HAL, MTAR Tech) rallied 5-7%, extending recent gains.

  • Manappuram Finance surged 22% in 8 sessions as Bain Capital’s 18% stake buy spurred bullish calls.

  • Diamond Power Infra hit a 5% upper circuit on a ₹215 crore Adani Green project.

  • TVS Holdings rose after declaring a ₹93/share interim dividend.

Your Weekly Stock Markets Rundown: 🌍 Global Jitters Rise-Uncertainty Looms as Key Data Awaited

March 24-28, 2025

After a blockbuster week, Indian markets brace for volatility as Trump-era uncertainty clouds US growth, impacting IT and consumer sectors. Flash PMIs, US spending, and RBI data will test last week’s 4% Nifty gain. Domestic resilience and FII inflows provide a buffer, but global headwinds loom—rangebound trade likely unless fundamentals shine.

👀Stocks to Focus:

  1. NTPC: Brokerage optimism could sustain gains.

  2. Manappuram Finance: Stake sale momentum may persist.

  3. M&M: Weak sentiment warrants caution despite fundamentals.

📝Summary:

Indian markets roared with a 1.4% surge, pushing Nifty past 23,650 as a rallying rupee and FII buying triggered short covering. All sectors joined the up move, bolstered by US/EU cues and rate cut hopes, despite tariff clouds. With F&O expiry looming, the rally looks strong—trade talks and earnings will test its staying power.

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Disclaimer: The Stock Whisperers is a media platform providing educational and informational content related to the stock market. We do not offer investment advice, stock recommendations, or tips. Readers should consult a SEBI-registered advisor before making any investment decisions.