Sensex Gains 700 Points, Markets Soar As Nifty Realty and Nifty Bank Lead The Charge In Recovery

After a period of negatively overwhelming 'correction period', the Indian markets appear to be back on their feet, on song to attain new feats.

The recovery period appears to be in full swing.

The benchmark indices, namely the BSE Sensex and the NSE Nifty started the day with bang and big gains.

Markets On A Roll

After losing the momentum slightly in the early hours of the opening bell, it was back to basics. The indices soared in the intraday trade on Monday, March 24.

The markets had their best week in the trading activities of the previous week. When we look at the indices more closely, the marquee Sensex rose by a colossal 742.86 points or 0.97 per cent.

This took the overall value of one of the oldest indexes to 77,648.37.

At the National Stock Exchange (NSE), the story was no different, and the markets maintained a bullish prospect. The NSE Nifty 50 also made major gains, rocketing to 23,575.30 points, thanks to a rise of 224.90 points or 0.96 per cent in value.

Nifty Realty and Nifty Bank

The true heroes of the day were two sectoral indices, the Nifty Realty and Nifty Bank. Both sectoral indices made grand strides in today's trade. Nifty Realty has seen an insurmountable surge in its total value over the past few trading sessions.

The Nifty Bank, on the other hand, thanks to the recent developments from the RBI and hopes of a rate cut in the first MPC meeting for FY26 in April, appears to have been emboldening for further gains.

At the time of writing, Nifty Realty made gains 2.17 per cent or 18.80 points, taking its overall value to 881.55.

Meanwhile, the Nifty Bank also marked major gains, amounting to a volume of 2.01 per cent or 1,017.45 points, taking the overall value to 51,611.00 points.