The businessman said that the purchase of heavyweight Reliance Industries, Bharti Airtel and IT shares in the market also increased investor spirit. File | Photo Credit: Paul Noronha
While rally for the fourth straight session, the Stock Market Benchmark Sensex and Nifty on Thursday (March 20, 2025) increased by more than 1%, which was operated by the US Federal Reserve buying the middle-board of mixed trend in global equities after maintaining its rate of estimates for this year.
Traders said that hectic procurement in market heavyweight Reliance Industries, Bharti Airtel and IT shares also promotes investors’ spirit.
The 30-Sare BSE benchmark Sensex made a jump of 899.01 points or 1.19% to settle at 76,348.06, re-achieved the 76,000 level. During the day, it increased from 1,007.2 points or 1.33% to 76,456.25.
NSE Nifty re-retrieved to finish 283.05 points or 1.24% to 23,000-marks at 23,190.65.
From Sensx Pack, Bharti Airtel, Titan, Tata Consultancy Services, Hindustan Unilever, Infosys, Nestle, Reliance Industries, Mahindra and Mahindra, HDFC Bank and Tata Motors were the biggest beneficiaries.
However, IndusInd Bank, Bajaj Finance and UltraTech Cement Lagards were.
Meanwhile, the Federal Reserve said that the US economy still looks healthy enough to keep interest rates unchanged.
“On Wednesday (March 19, 2025), the Federal Reserve announced its decision to maintain a policy rate in the 4.25–4.50% range. The policy maker estimates a two-rate cut in 2025, 1.7% with economic growth and 2.7% for the year with inflation.
“This decision has mixed implications for currency movements, capital flows and markets in India. High US interest rates can lead to foreign capital outflows from Indian markets, while lower rates can be attracted to investment,” said Ravi Singh, SVP – Retail Research, Religre Broking Limited.
In Asian markets, Seoul settled in a positive region, while Shanghai and Hong Kong were reduced. Japan’s Nikkei was closed for a holiday.
European equity markets were doing less business. The American markets increased significantly on Wednesday (March 19, 2025).
“The US Dollar Index (DXY) frequent falls have reduced the intensity of FII sales, while DII’s purchase remains strong, thus recently being triggered upside down,” Vinod Nair, head of research, georgit financial services said.
Global Oil Benchmark Brent crude rose 0.32% to $ 71.01 per barrel.
According to exchange data, foreign institutional investors (FII) on Wednesday (March 19, 2025) removed the price of ₹ 1,096.50 crore. Domestic institutional investors (DII), however, bought equity worth 2,140.76 crores.
“Fed continues to cut an additional two rates this year, which can create a tailwind for global equity in the near period,” said Dhawal Ghansham Dhanni, Fund Manager of SAMCO Mutual Fund.
On Wednesday (March 19, 2025), the sensex climbed 147.79 points or 0.20% to 75,449.05. The Nifty rose 73.30 points or 0.32% to 22,907.60.
Published – March 20, 2025 04:54 pm IST
