Stock Market Today, March 24: Nifty Becomes Green For 2025: Monday saw a strong rally in the Indian stock market, with the major indices, the Sensex and Nifty 50, each rising more than 1%. This upward trend comes after last week’s remarkable 4% spike, which signaled a dramatic revival in stocks.
After five months of negative returns since October 2024, the latest rebound has turned the Nifty 50 positive for 2025. A robust recovery in the second half of March 2025 has enabled the index to end its downward trajectory.
For the first time since February 7, the Sensex surpassed 78,000 on March 24, rising 1,201 points to a high of 78,107. In the meantime, the Nifty 50 broke beyond the 23,700 mark during intraday trading, continuing its winning run for the sixth straight session.
The Nifty 50 had dropped about 15% from its peak of 26,277 on September 27. But since then, the index has risen about 1,745 points from its low of 21,964 on March 4.
Nifty Bounce Back, 75 stocks Achieved 52-Week Highs
According to market analysts, value buying in high-quality but previously depreciated equities has increased as a result of the recent drop, which has made large-cap stock values appealing. Now that the Nifty 50 stocks’ forward price-to-earnings (PE) ratio is below the 10-year average, investors are more drawn to the current prices.
Despite continued trade and geopolitical uncertainty, a weaker US currency and falling crude oil prices offer a positive backdrop on the international stage. The Indian rupee, which had recently shown significant weakening, also seems to be stabilizing. Over the next three to six months, Elara Capital anticipates another devaluation of 2.0 to 2.5%.
Stock Market Technical Analysis
Technically speaking, 23,700 is a significant resistance level for the Nifty 50. A strong closing above this level, according to analysts, might lead to another rally toward 24,000 dollars.
Even if the advance-decline ratio (ADR) has crossed 1, Bajaj Broking Research is still apprehensive about the rally’s longevity. In March 2025, the ADR, which compares rising and falling stocks to gauge market breadth, hit 1.2, the highest level since June 2024.
Why Indian Share Market is Rising
Uncertainties still exist even if the Indian stock market has shown remarkable resiliency. Global variables, macroeconomic patterns, and important resistance levels will all play a significant role in determining the market’s future course.
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