New Delhi: India's stock market bade goodbye to the fiscal year 2025 on a high because of the strong bonanza rally in March. The 50 leading blue-chip stocks that make up the Nifty 50 index hiked up by 6.3 in March, which is their best showing for 15 months.
The Nifty regained the 5.34 percent profit for this financial year at the end of the month during which it would have witnessed another five-month losing streak, close to what could be regarded as one year.
Similarly, the other major market index, the BSE Sensex, increased by 5.1% during the financial year while March also brought its March gains of its present. This proved to be an important month, considering the situation when both indices were still under the red lines only a few days before ending March 4, when previously they could not shake off losses.
It thus gave impetus to the market and some investors re-assured that confirming or debunking projections could sustain growth in the next financial year. March, in summary, has been seen much more as a culmination of many things. In experts' opinion, it has been a global bounce, investor confidence shot, and some solid domestic performance in certain sectors.
In spite of the earlier losses, the Indian stock market has managed to pick itself up off tough times and now is looking forward to recovering in the next months.
[Source Credit: Reuters]
