On Thursday, March 20, Indian stock markets concluded the day on a high note, continuing their winning streak for the fourth consecutive day. While the Nifty reached 23000 for the first time since February 13, the Sensex recovered the 76000 milestone. Following the Fed’s maintenance of its rate-cut forecasts for this year, IT stocks and strong trends in US equities drove the rise.
On Thursday, March 20, the 30-share BSE benchmark Sensex gained 899.01 points or 1.19 per cent to close at 76348.06. The NSE Nifty went up by 283.05 points or 1.24 per cent to close at 23190.65.
The Nifty Bank index, which tracks the movement of the top 12 listed banks in the nation, closed 360.25 points, or 0.72 percent, higher at 50,062.85.
The Nifty Midcap 100 index closed 0.64 percent higher, while the Nifty Smallcap 100 index closed 0.70 percent higher.
All 19 sectoral indices ended the day in the green, with Nifty Oil & Gas gaining 1.59 percent, the Realty index closing 1.07 percent higher, the IT index closing 1.25 percent higher, FMCG rising 1.29 percent, Auto rising 1.42%, and Metal seeing a 1.15 percent increase.
Sensex Gainers and Losers Today
From Sensex pack, 27 constituents settled in green. Bharti Airtel, HDFC Bank, RIL, Infosys, TCS, ICICI Bank, Titan and M&M were among gainers on Sensex. Bajaj Finance, IndusInd Bank and UltraTech Cement were laggards.
Nifty 50: Nifty Gainers And Losers Today
From Nifty 50, 44 shares moved upwards and settled in green. Bharti Airtel, Titan, Eicher Motors, Bajaj Auto, Britannia, BPCL and BEL were among top gainers. IndusInd Bank, Bajaj Finance, Trent and Shriram Finance were laggards.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,096.50 crore on Wednesday after a day’s breather, according to exchange data. Domestic Institutional Investors (DII), however, bought equities worth Rs 2,140.76 crore.
Why Indian Share Market is Rising?
Comfort of valuation
Valuations now seem comfortable following a significant fall from peak levels. The macroeconomic conditions at home have been favorable, and the price corrections have caused the valuation froth to lessen. The majority of indexes, including small and mid-cap stocks, are currently trading below their typical price-to-earnings ratios over the long run.
GDP growth in Q3FY25
India’s economy appears to be recovering, as seen by its 6.2% GDP growth in Q3FY25. While industrial production increased by 5% in January, retail inflation dropped to 3.61% in February. With banks having healthy balance sheets and low non-performing assets (NPAs), the economy’s growth prospects seem promising. As a result, the stock market is more upbeat about India’s long-term economic viability.
US Fed and RBI Rate Cut Hopes Increase
With indications pointing to two potential rate cuts this year, expectations of future rate cuts have not been dampened by the US Fed’s decision to preserve the status quo at its March policy meeting. The Reserve Bank of India (RBI) is expected to lower interest rates in April as a result of this trend and declining inflation. An April rate decrease is very likely, and another cut may be in the works as a result of the RBI’s attempts to reduce system liquidity.
Earnings Revive
The market is anticipating a rebound in Q1FY26 results, which might lead to a new domestic market boom. With a growth prediction of 12–14% over the next 12 months, India’s earnings growth is anticipated to pick up speed. It is anticipated that a rebound in discretionary spending will propel the Nifty’s earnings per share growth to increase by 13.6%.
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