On March 19, 2025, Indian benchmark indices surged following a robust trading session, with the BSE Sensex gaining 1,131 points, closing at 75,301 points, while the NSE Nifty50 climbed 325.5 points to 22,834 points. This rally marked the biggest one-day gain for the Indian equity markets in nearly two months, signaling a positive outlook amid various global economic factors.
Investor sentiment remained buoyant as foreign institutional investors (FIIs) turned net buyers, acquiring Indian equities worth ₹694.57 crore, alongside domestic institutional investors (DIIs) who invested ₹2,534.75 crore in Indian stocks. This momentum reflects a broader recovery and positive market trends as cash market volumes are reportedly down 45% since their peak in June 2024.
Market Overview
As traders prepare for Wednesday, GIFT Nifty futures were indicating a gap up start, trading 68 points higher at 22,963, suggesting a continued bullish trend. Analysts are focused on upcoming policy decisions from the Bank of Japan, expected to maintain its interest rates steady at 0.5%, and the US Federal Reserve, which is anticipated to hold rates at 4.25-4.5% amid rising inflation concerns influenced by tariffs proposed by President Donald Trump on imported goods.
On the geopolitical front, significant developments emerged as President Trump and Russian President Vladimir Putin agreed on a ceasefire regarding the war in Ukraine, aimed at ensuring the safety of Ukrainian energy infrastructure. This statement has reverberated positively throughout global markets, as geopolitical stability often translates to more favorable trading conditions.
Expert Insights
Analysts projected continued growth in the market. Shrikant Chouhan, Head of Equity Research at Kotak Securities, highlighted that support zones for Nifty and Sensex are pegged at 22,700 and 75,000 respectively. He noted, “The market is bullish, and buying on intraday corrections should be the strategy.”
Rajesh Bhosale from Angel One echoed similar sentiments, indicating that the Nifty is testing resistance levels and could potentially retest the psychological threshold of 23,000. “If the momentum persists, we could witness further movement towards the 200-day simple moving average at 23,400,” he stated.
Continuing the trend, Rupak De, Senior Technical Analyst at LKP Securities, remarked on the significant breakout from a prolonged consolidation phase, suggesting that Nifty is projected towards 23,150 while maintaining support around 22,700.
Telecom Sector Developments
In other sectors, Vodafone Idea Ltd. announced today the launch of its 5G services in Mumbai, which is expected to bolster the telecom operator’s market position. Their official communication noted, “With this rollout, Vodafone Idea is set to enhance mobile experience with widespread coverage at competitive pricing.”
Corporate Actions and Further Prospects
As the market gears up for further developments, shares of Power Finance Corporation and AGI Infra will trade ex-dividend today. In addition, significant corporate movements were recorded as Bajaj Auto re-appointed Rajivnayan Rahulkumar Bajaj as CEO and approved an additional infusion of ₹1,500 crore into its subsidiary, further cementing their market position.
Additionally, Zydus Lifesciences gained final approval from the USFDA to manufacture Apalutamide tablets, a critical drug for prostate cancer treatment, showcasing progress in the pharmaceutical sector. Separately, Bharat Petroleum Corporation is entering into a memorandum of understanding to develop a hydrogen-fueled Vertical Take-off and Landing aircraft ecosystem globally, a move poised to push the company into innovative domains.
With the Reserve Bank of India planning another open market operation to purchase ₹50,000 crore worth of securities on March 25, liquidity in the market is expected to stay strong.
In summary, the overall outlook remains optimistic as investors navigate through positive domestic trends, geopolitical developments, and significant corporate activities. The day’s trading promises exciting opportunities, especially with analysts urging investors to capitalize on undervalued equities in the wake of these favorable conditions.
