Indian Stock Market Surges to Six-Week Highs as Sensex and Nifty Extend Gains

Banking and real estate stocks lead the rally, supported by foreign investor optimism, RBI measures, and favorable global trends.

The BSE Sensex rose by 1,078 points to close at 77,984.38, while the NSE Nifty gained 307.95 points to end at 23,658.35 on March 24, 2025.
Banking and real estate stocks were the top performers, with sectoral indices Nifty Realty and Nifty Bank gaining 2.17% and 2.01%, respectively.
Foreign Institutional Investors (FIIs) were net buyers for six consecutive days, purchasing equities worth ₹7,470.36 crore, fueling the market's upward momentum.
RBI measures, including interest rate cuts and reduced risk weights on NBFC lending, bolstered investor confidence in the banking sector.
The cancellation of a planned nationwide bank strike further strengthened market sentiment, contributing to the ongoing rally.