Stock Market Highlights: Sensex jumps 1,205 points, Nifty ends above 23,300

Indian equity indices ended on a strong note on March 25, extending gains for a second straight session as a broad-based relief rally lifted markets.

The BSE Sensex rose 1,205 points, or 1.63%, to close at 75,273.45, while the Nifty 50 advanced 394.05 points, or 1.72%, to settle at 23,306.45.

Market breadth remained firmly positive, with 2,841 shares advancing, 1,309 declining, and 134 remaining unchanged.

HSBC has maintained a ‘buy’ rating on Eternal while retaining a ‘hold’ on Swiggy, even as it lowered target prices amid rising competition and AI-related concerns.

The brokerage flagged that Blinkit prices remain 6–8% higher than peers, posing near-term market share risks, though it said valuations appear reasonable despite earnings revisions. HSBC cut Eternal’s target to ₹300 from ₹350, and Swiggy’s to ₹300 from ₹380.

Swiggy shares were trading at ₹276.95, up 0.49%, while Eternal was at ₹242.15, up 1.77%, in intraday trade.

Kivah Advisors told CNBC-TV18 that the ongoing West Asia conflict is likely to reflect in earnings from Q1 FY27, signalling a lagged impact on corporate performance.

The firm noted that valuations in the diagnostics space are turning more reasonable after recent corrections, while maintaining that the IT sector remains well-positioned to withstand volatility linked to geopolitical developments.

Sources say Kotak Mahindra Bank’s internal assessment pegs the discrepancy at around ₹85 crore, significantly lower than earlier estimates of ₹150 crore.

The bank began a reconciliation exercise over the weekend at the behest of the Panchkula Municipal Corporation, with the final amount yet to be determined.

RBI a bank-level fraud at this stage. Both Kotak Bank and IDFC First Bank cases are linked to Haryana government accounts, with involvement of individuals still unclear.

LG Electronics has entered into a long-term solar power purchase agreement with Hinduja Renewables, marking a step towards sourcing cleaner energy for its operations. Shares were trading at ₹1,514.90, up ₹23.30 or 1.56%, as of 2:50 PM on the NSE.

Puravankara Limited shares surged over 8% in intraday trade on Wednesday after the company announced an ambitious expansion pipeline, outlining plans to launch 30 projects across South India and Mumbai over the next 24 months.

India Rupee: SBI

Precious Metals: SBI

India is currently on the losing side of the global investment rotation in emerging countries. However, currency fluctuations and valuation resets may begin to reverse that pattern.

SBI

Indian refiners have purchased roughly 60 million barrels of Russian oil for delivery next month, allaying supply worries as the Middle East conflict stifles supplies.

Ajit Mishra, SVP – Research, Religare Broking

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The shares of Shriram Finance are up over 7%, making it one of the top Nifty 50 stocks.

The Nifty Metal index is one of the best-performing indices, rising over 2%.

On Wednesday, March 25, MM Forgings Ltd.’s shares increased by 4% following the board’s approval of a plan to raise up to 600 crore through a variety of channels, including qualified institutional placement (QIP) and other acceptable instruments.

The shares of Sammaan Capital fell from the highs of the day, dropping over 6% from its intraday peak.

Puravankara | Unveils 30 Projects Across South India & Mumbai With GDV Over ₹55,000 Cr In 24 Months

Jay Thakkar, Head Derivative and Quant Research, ICICI Securities

The public was reassured by the BPCL that the country has sufficient fuel reserves and that supply channels are running well.

Nirmal Jain, the founder and managing director of IIFL Finance, refuted rumours of a ₹4,000–4,500 crore deal in its microfinance division, saying, “There is no value unlocking in Samasta Finance… nothing is happening.” “We may look at investment, part divestment or an investor, but names discussed in the media have no basis,” he stated.

Ceigall India | Bags Orders Worth ₹1,369 Cr From Maharashtra State Electricity Distribution

The markets remain higher, despite a minor decline.

Transrail Lighting | I-T Dept Conducts Search & Seizure Ops At Co’s Offices w.e.f. March 24

As the Indian markets remain higher, these are the biggest volume-based movers among the Nifty 500 stocks.

According to NSE data, the issue had a 2% subscription rate as of 11:55 am on March 25. Subscriptions were 3% for retail individual investors (RIIs) and 1% for non-institutional investors (NIIs). There have not yet been any significant bids from qualified institutional buyers (QIBs).

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Stock Market Highlights: Sensex jumps 1,205 points, Nifty ends above 23,300