Stock market roars back! Sensex jumps 700 points, Nifty realty, bank lead surge

After a bout of negatively inundating 'correction period', the Indian markets seem to be back on track, in tune to achieve newer heights.The period of recovery seems to be at its peak.

Global Cues Boost Markets

The benchmark indices, that is, the BSE Sensex and the NSE Nifty began the day with bang and big increases.Having lost the momentum briefly in the initial hours of the opening bell, it was back to fundamentals. The indices rose in the intraday trade on Monday, March 24. The markets experienced their best week in the previous week's trading activities. If we analyze the indices more closely, the marquee Sensex increased by a whopping 742.86 points or 0.97 per cent. This brought the total value of one of the oldest indexes to 77,648.37.

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.

Strong Market Rebound

The real champions of the day were two sectoral indices, Nifty Realty and Nifty Bank. Both sectoral indices took magnificent leaps in today's trade. Nifty Realty has witnessed a surmountable hike in its total value over the last few trading sessions. The Nifty Bank, however, following the recent news from the RBI and expectations of a rate cut in the first MPC meeting for FY26 in April, seems to have been spurring higher.
On writing, Nifty Realty appreciated 2.17 per cent or 18.80 points, its overall worth rising to 881.55. At the same time, the Nifty Bank also recorded significant appreciations with a volume of 2.01 per cent or 1,017.45 points, with the overall value reaching 51,611.00 points.