Sensex Jumps 800 Points, Nifty Crosses 23,800; What’s Driving the Market Rally?

Written by: Kusum KumariUpdated on: 18 Mar 2026, 8:24 pm IST
Sensex surges 800 pts, Nifty tops 23,800 as IT stocks rally, global cues stay strong, and crude prices ease. Investors gain over ₹7 trillion in market value.
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Indian stock markets continued their upward trend for the third straight session. The BSE Sensex rose 800 points (1%) to 76,844, while the Nifty 50 gained around 230 points to cross 23,800.

The rally was supported by positive global trends and strong buying across sectors.

Broad-Based Buying Across Sectors

Most sectors traded in the green, except metals. Key gainers included IT, auto, and banking stocks.

Top performers in the Nifty pack included:

  • Tech Mahindra
  • HCL Technologies
  • Infosys
  • Tata Consultancy Services
  • Wipro

These stocks rose between 3% and 4%, showing strong investor interest.

₹7 Trillion Wealth Created

The rally added more than ₹7.16 trillion to investors’ wealth in a single session.

The total market capitalisation of BSE-listed companies increased to around ₹440 trillion, up from ₹432.84 trillion in the previous session.

Key Reasons Behind the Rally

1. IT Stocks Lead the Charge

The Nifty IT index jumped over 4%, ending its recent losing streak.

Stocks like Coforge and Persistent Systems led the gains, rising up to 6%, supported by value buying after recent corrections.

2. Stable Crude Oil Prices

Global oil benchmark Brent crude oil eased to around $101.9 per barrel, reducing concerns of a sharp spike.

Stable oil prices helped improve investor sentiment in the market.

3. Positive Global Market Cues

Global markets provided strong support:

  • Japan’s Nikkei 225 rose over 2%
  • South Korea’s KOSPI surged 4%

US markets also ended higher, boosting confidence among investors.

Read More: LPG Price in India Today, March 18: Check Rates in Delhi, Mumbai, Bangalore and More Cities.

4. Volatility Eases

The India VIX, which measures market fear, fell around 4% to 19, indicating reduced uncertainty and improving risk appetite.

Conclusion

The strong rally in Sensex and Nifty reflects improving sentiment driven by IT stock recovery, stable crude prices, and global market strength. However, investors may remain cautious as markets look for further direction from global events.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all related documents carefully before investing.

Published on: Mar 18, 2026, 2:54 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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