Indian Stock Market Update – March 21, 2025
The Indian stock market continued its bullish momentum on Friday, with both benchmark indices registering gains for the fifth consecutive session. Optimism around easing foreign selling, strong large-cap performance, and positive global cues supported the uptrend.
Market Performance
Sensex and Nifty 50
BSE Sensex: Surged 557.45 points (0.73%) to close at 76,905.51.
NSE Nifty 50: Gained 159.75 points (0.69%) to settle at 23,350.40.
Sectoral Highlights
IT Stocks: Bounced back after initial losses, recovering from the impact of Accenture’s earnings report.
Oil & Gas, Media: These sectors were among the top performers of the day.
Metals: Underperformed slightly, facing selling pressure.
Notable Stock Movements
Maruti Suzuki India Ltd.: Edged up 0.03% to ₹11,739.55, but lagged behind some competitors.
Dr. Reddy’s Laboratories Ltd.: Rose 1.07% to ₹1,199.30, outperforming the broader market.
Currency Market
Indian Rupee: Registered its largest weekly gain in over two years, closing at 85.97 per USD, boosted by strong dollar inflows and reduced speculative positions.
Market Outlook
Investor sentiment remains positive, driven by strong economic indicators, steady domestic institutional investments (DIIs), and a recovering IT sector. Analysts expect the market to remain resilient in the near term, with a focus on large-cap and fundamentally strong stocks.
#sharemarket #stockmarket
No comments:
Post a Comment