Sensex, Nifty 50 Rally Nearly 4% In Two Sessions; Investors Gain Over ₹17 Lakh Crore

Benchmark indices Sensex and Nifty 50 rose for a second day in a row on March 25, with the markets gaining nearly 4% over two sessions, as crude oil prices dipped and global markets improved.

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At around 11:30 AM, the BSE Sensex was up 1,503 points, or 2.03%, at 75,571, while the NSE Nifty 50 rose 472 points, or 2.06%, to 23,385. During intraday trade, the Sensex touched 75,735.59, up 2.25%, and the Nifty reached 23,434.75, up 2.3%.

Market Capitalisation Expands Sharply

The total market capitalisation of BSE-listed companies increased to ₹431.74 lakh crore from ₹422.23 lakh crore in the previous session. In comparison, the market has gained more than ₹17 lakh crore in two days, as indicated by the increase from ₹414.52 lakh crore on March 23. 

Broad-Based Gains Across Sectors

All sectoral indices traded in positive territory. Consumer durables and realty indices rose more than 3% each, while auto, metal and chemicals sectors also posted gains. The broader markets have outperformed the benchmark, with the Nifty Midcap 100 up 2.2%, and the Nifty Smallcap 100 increasing by 2.7%.

Global Cues And Oil Prices Support Rally

The rally coincided with a decline in global crude oil prices. Brent crude was trading near $100.54 per barrel, down 3.8%, while U.S. West Texas Intermediate crude was at $89.23, down 3.43%.

According to Reuters, oil prices eased amid expectations of reduced supply disruptions following reports of diplomatic progress between the U.S. and Iran. The U.S. administration indicated progress toward a resolution, although Iran denied direct negotiations.

Asian markets also traded higher, with Japan’s Nikkei 225, South Korea’s Kospi and other regional indices posting gains during the session, supporting sentiment in domestic equities.

Volatility Remains Elevated

However, the recent rally did not change the fact that the India VIX remained high at 24.7.

Indian equity markets have shown a strong recovery from their previous fall in March. Markets were boosted by positive global sentiments and a decline in energy prices.