Market Rally Continues with Sixth Consecutive Gain

Mumbai: The Indian stock market witnessed a significant rally on Monday, marking the sixth consecutive session of gains for both the Sensex and Nifty indices. This surge was fueled by continuous buying from foreign funds, showcasing a robust recovery from earlier losses.

Key Highlights: The BSE index has climbed by 4,155 points, or 5.6%, in the last six sessions, closing at 77,984 points. Similarly, Nifty has added 1,261 points, or 5.6%, reaching 23,658. Notably, Nifty has fully recovered all its 2025 losses, with Sensex just 50 points away from achieving the same milestone.

Foreign Investment Shifts Gear

Recent data reveals a dramatic shift in foreign portfolio investor (FPI) activity, with net purchases of stocks worth about Rs 7,473 crore in the last six sessions. This contrasts sharply with the over Rs 1.3 lakh crore net withdrawal observed from the start of 2025 till March 17.

Investors' Wealth Expands

The day's rally added Rs 5 lakh crore to investors' wealth, elevating BSE's market cap to Rs 418.3 lakh crore. Over the last six sessions, investors have seen their wealth grow by Rs 27 lakh crore, highlighting the market's vigorous rebound.

Global Influences and Future Outlook

Market analysts attribute the recent gains to strong foreign fund buying and short covering ahead of the monthly derivatives contracts expiry. With Wall Street indices touching two-week highs, Indian markets are poised for another strong opening, buoyed by global optimism and domestic economic indicators.