Indian stock markets surged sharply on Tuesday, with the Sensex and Nifty 50 rebounding strongly amid gains in banking, financial, and IT stocks
Mumbai: Indian benchmark indices witnessed a strong rally on March 24, with both the Sensex and Nifty 50 trading near the day’s highs, supported by broad-based buying across sectors.
By afternoon trade, the Sensex had surged over 1,400 points, while the Nifty 50 climbed close to the 23,000 mark, reflecting strong investor sentiment. Earlier in the session, the indices were already trading higher, with the Sensex up around 968 points and the Nifty gaining nearly 294 points.
Also Read
The rally marked a sharp recovery after the previous session’s steep decline, driven by improved global cues and easing immediate geopolitical concerns.
Mid-cap and small-cap stocks outperform
Broader markets outperformed frontline indices, indicating wider market participation. Mid-cap and small-cap indices jumped over 2 per cent, signalling strong buying interest beyond large-cap stocks.
This trend suggests improving risk appetite among investors, with capital flowing into a broader range of equities.
On the sectoral front, auto stocks emerged as top performers, rising over 2 per cent. Banking, financial, and IT stocks also contributed significantly to the market’s upward momentum.
Other sectors such as media and metals posted gains, while pharma stocks lagged behind and recorded the least gains during the session.
Top gainers lift market sentiment
Heavyweight stocks including Apollo Hospitals Enterprise, Kotak Mahindra Bank, and Shriram Finance were among the top contributors to the rally in the Nifty 50 index. Their strong performance helped push the benchmark indices higher.
Global market sentiment remained positive after the United States delayed planned strikes on Iran’s energy infrastructure, easing immediate geopolitical tensions. However, uncertainty persisted as Iran denied holding talks with the US.
Meanwhile, Brent crude prices surged above the USD 100 per barrel mark, reflecting ongoing volatility in energy markets due to the West Asia conflict.
Market outlook
Analysts indicate that while the current rally is supported by global cues and sectoral strength, volatility may persist due to geopolitical developments and fluctuations in crude oil prices.
Overall, the strong rebound highlights resilience in Indian equities, with broader market participation signalling renewed investor confidence.
(Disclaimer: This article is for informational purposes only and does not constitute investment advice.)
Published: 24 Mar 2026, 03:03 pm IST
Related Topics
Subscribe to our Newsletter
Disclaimer: Kindly avoid objectionable, derogatory, unlawful and lewd comments, while responding to reports. Such comments are punishable under cyber laws. Please keep away from personal attacks. The opinions expressed here are the personal opinions of readers and not that of Mathrubhumi.