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Stock market today: BSE Sensex surges over 500 points, reclaims 77,000; Nifty50 above 23,500

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Stock market today: BSE Sensex surges over 500 points, reclaims 77,000; Nifty50 above 23,500
Experts project this positive trend to persist, backed by foreign institutional investor activity. (AI image)

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Monday. While BSE Sensex reclaimed the 77,000 level, Nifty50 went above 23,500. At 9:16 AM, BSE Sensex was trading at 77,449.15, up 544 points or 0.71%. Nifty50 was at 23,507.70, up 157 points or 0.67%.
The Indian stock markets concluded the previous week robustly, with the Nifty 50 achieving its highest weekly gains since four years. This surge was attributed to increased foreign investor participation and market sentiment suggesting a potential end to the recent decline. Experts project this positive trend to persist, backed by foreign institutional investor activity.
“Nifty has recovered 6.3% in the last three weeks indicating value buying at lower levels. We expect this upward momentum to continue, on the back the foreign institutional investors’ return to the Indian market amid attractive valuations and signs of economic recovery,” said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services.
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The Nifty maintains its upward trajectory following a trendline breakout, bolstered by positive sentiment, noted Rupak De, Senior Technical Analyst at LKP Securities, adding that the index faced resistance at the 21-week exponential moving average of 23,382 during the previous session.
The S&P 500 and Dow Jones achieved marginal gains on Friday, recovering from earlier losses after U.S. President Donald Trump’s statements suggested that upcoming tariffs scheduled for early April might be less severe than anticipated.
Stock-index futures in the US advanced during early Asian trading hours, following indications that President Donald Trump’s upcoming trade tariffs might be more moderate than initially anticipated.
Crude oil prices maintained stability on Monday as market participants evaluated potential outcomes of ceasefire negotiations between Russia and Ukraine, which could potentially increase Russian oil supply to global markets.
Foreign portfolio investors shifted to net purchases of Rs 7,470.36 crore on Friday, whilst domestic institutional investors offloaded shares worth Rs 3,202.26 crore.





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