The Indian stock market saw strong buying on March 24, with both benchmark indices rising over 2%. The Sensex surged nearly 1,700 points to an intraday high of 74,364, while the Nifty 50 gained over 500 points to touch 23,026.
Broader markets also performed well, with midcap and smallcap indices rising more than 2%.
The rally added significant wealth for investors. The total market capitalisation of BSE-listed companies increased to around ₹423 lakh crore, up from ₹415 lakh crore in the previous session, resulting in gains of about ₹8 lakh crore.
Positive comments from Donald Trump about ongoing talks with Iran helped reduce global uncertainty.
Asian markets followed strong gains in US markets like the S&P 500 and Nasdaq. Indices in Japan, Korea, and China also rose, supporting the rally in Indian equities.
The market rally was partly driven by short covering ahead of the expiry of the March futures and options (F&O) series.
Read More: H.G. Infra Engineering Wins ₹401.33 Crore Railway Infrastructure Project in Madhya Pradesh!
The Indian rupee opened stronger at 93.63 against the US dollar, helping improve market sentiment. A stronger rupee can reduce foreign investor outflows and support equity markets.
The sharp rally in the market was driven by global optimism, easing geopolitical tensions, and factors like short covering.
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/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 the related documents carefully before investing.
Published on: Mar 24, 2026, 2:24 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.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
