The stock market witnessed a notable upturn on March 24, 2025, as indices displayed considerable gains. The Nifty Auto index, which measures the performance of automobile stocks, saw a marginal increase of 0.14%, reaching a value of 21786.95. This modest rise, however, came in the face of declines from major players in the sector.
Among the notable performers, Mahindra & Mahindra Ltd. was the leading loser, dropping by 1.97%. Following them, Hero MotoCorp Ltd. and Apollo Tyres Ltd. identified losses of 0.43% and 0.11%, respectively. Despite these notable losses within the index, the overall market was buoyed by the broader trends observed in the Benchmark NSE Nifty50 index, which climbed by 205.1 points to settle at 23555.5, while the BSE Sensex increased by 675.32 points, concluding at 77580.83.
These overall positive movements were supported by a considerable majority of stocks within the Nifty index. On this day, 40 out of the 50 stocks were trading in the green, while only 10 were in the red, indicating a generally favorable market atmosphere.
The uptick wasn't limited to automobiles alone; the Nifty Bank index also thrived, advancing by 2.02% to 51613.45. Nonetheless, one of its constituents, IndusInd Bank Ltd., faced a decline of 0.52%. In tandem with the Nifty Auto index, the Nifty Bank index's increase paired well with the overall climatic uplift of the market. At the same time, the NSE saw significant trading in shares of Vodafone Idea, Ola Electric Mobility, YES Bank, GAIL, and Suzlon Energy, all of which were among the most traded stocks of the day.
As for performance highlights, Cura Tech, Mahamaya Steel, Reliance Naval & Engineering, Hotel Rugby, and Kaveri Seed Co. reached fresh 52-week highs. Conversely, shares of Gangotri Text, Reliance Comm, Kesoram Industries, Noida Toll Bridge Co., and Ortel Communications fell to their 52-week lows.
The Nifty Realty index also reflected positive sentiment, experiencing an ascent of 2.1% to a value of 880.85. Despite this positive growth, Sobha Ltd. struggled, registering a loss of 1.05%. The heightened activity of the market indicated rising confidence and optimistic projections among investors.
On the Nifty50 index as a whole, 43 out of the 50 stocks traded positively, underscoring a stark contrast to the previous trading sessions marked by apprehension. Noteworthy gainers included stocks like Kotak Bank, Axis Bank, NTPC, Power Grid, and Grasim Industries.
By 10:45 AM IST, the BSE Sensex witnessed an increase of 767.38 points, affirming a significant turnaround in market fortunes. Traders gravitated towards sectors such as General, IT Enabled Services, Services, Auto, and Apparels, stimulating increased buying activity. However, notable sector performances highlighted that traders were less interested in sectors such as Leather, Textiles, Agro Processing, IT-Hardware, and Retail.
This fertile market climate has attracted attention, signaling a potential recovery path for various segments, particularly in the wake of prior weaker performance. As stated by one market analyst,
