Business

Indian Stock Market Soars: Sensex Jumps Over 500 Points, Nifty50 Surpasses 23,500 Mark

Indian Stock Market Today

The Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Monday, signaling a robust start to the week. The BSE Sensex reclaimed the 77,000 level, while Nifty50 surged above 23,500. By 9:16 AM, BSE Sensex was trading at 77,449.15, marking an impressive gain of 544 points or 0.71%. Similarly, Nifty50 stood at 23,507.70, up by 157 points or 0.67%.

Stock market today: BSE Sensex surges over 500 points, reclaims 77,000; Nifty50 above 23,500

Experts project this positive trend to persist, backed by foreign institutional investor activity. (AI image)

Recent Market Performance

The Indian stock markets concluded the previous week on a high note, with the Nifty 50 achieving its highest weekly gains in four years. This surge was attributed to increased foreign investor participation and market sentiment suggesting a potential end to the recent decline.

Expert Insights

"Nifty has recovered 6.3% in the last three weeks indicating value buying at lower levels. We expect this upward momentum to continue, on the back the foreign institutional investors' return to the Indian market amid attractive valuations and signs of economic recovery," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services.

Global Market Influence

The S&P 500 and Dow Jones achieved marginal gains on Friday, recovering from earlier losses after U.S. President Donald Trump's statements suggested that upcoming tariffs scheduled for early April might be less severe than anticipated.

Investor Activity

Foreign portfolio investors shifted to net purchases of Rs 7,470.36 crore on Friday, whilst domestic institutional investors offloaded shares worth Rs 3,202.26 crore.

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