Market at Close | Sensex surges 1,131 points to 75,301, Nifty reclaims 22,800 in biggest rally in 2 months

Indian equity markets surged on Tuesday (March 18), posting their biggest single-day gain in nearly two months. The Sensex soared 1,131 points to close at 75,301, while the Nifty jumped 326 points to reclaim the 22,800 level, settling at 22,834.The rally was broad-based, with all sectoral indices finishing in the green. Frontline indices gained 1.5-2%, while the broader market outperformed, with the Nifty Midcap index rising 2% and the Smallcap index surging 3%. Market breadth was strongly in favour of advances, with a 4:1 advance-decline ratio.
Financials and auto stocks led the gains, with 46 Nifty stocks closing higher. ICICI Bank and HDFC Bank were the biggest contributors to both Nifty and Nifty Bank, which jumped 960 points to 49,315. Among capital market plays, CDSL, CAMS, and Angel One surged over 5% each.
Also Read: Analysts do not see upside in this Jhunjhunwala-family backed stock despite sharp fallBajaj Finserv saw profit booking after Allianz exited their joint venture after 24 years. Bharti Airtel fell in an otherwise strong session amid reports of Sunil Mittal looking to increase his stake in BT Group.

Among individual stocks, PB Fintech surged 8% after management clarified its rationale behind the PB Health investment. Zomato and Paytm advanced 6-7%, while Godrej Consumer Products and Varun Beverages gained 3-5% following positive brokerage notes.

In the realty space, stocks rose in line with the broader market, adding 3-4%. Mobikwik hit the upper circuit, soaring 20% for the day, while Ola Electric rebounded from Monday’s losses with a 13% jump.

Also Read: Paytm shares surge 7% as subsidiary gets business boost