Indian equities rallied for the sixth consecutive session on Monday (March 24), marking the longest winning streak since September 2024. The Sensex surged 1,079 points to close at 77,984, while the Nifty advanced 308 points to 23,658, turning positive for 2025.

Broader market participation remained strong, with Nifty Bank jumping 1,111 points to 51,705 and the Midcap index gaining 673 points to 52,524. BSE-listed companies added over ₹35 lakh crore in market capitalisation this month, recouping nearly 40% of losses incurred between September 2024 and February 2025.

From the Sensex basket, NTPC Ltd, Kotak Mahindra Bank Ltd, State Bank Of India, Tech Mahindra Ltd, Power Grid Corporation Of India Ltd and Bajaj Finserv Ltd were the major gainers. Titan Company Ltd, IndusInd Bank Ltd, Mahindra & Mahindra Ltd, Bharti Airtel Ltd, Nestle India Ltd and Infosys Ltd

were the biggest laggards.

Also Read: NTPC shares a compelling play on India’s power demand, can rise another 35%: Macquarie

Financial stocks led the rally, with Kotak Bank, SBI, and Bajaj Group stocks among the top gainers. PSU and defence stocks surged on order wins, while gas stocks, including GAIL and IGL, gained on PNGRB’s proposed amendments. SML Isuzu jumped on reports of Mahindra & Mahindra eyeing a promoter stake, lifting JBM Auto by 16%.

PB Fintech extended its rally, rising 30% in five sessions following a clarification on its PB Health investment. Poonawalla Fincorp gained 4% as its promoter increased holdings, while NTPC climbed 4% on a positive brokerage note.

The rupee outperformed its Asian peers and is set for its biggest monthly gain in six months. Market breadth favoured advances, with a 2:1 advance-decline ratio.

Also Read: What led to the 17% surge in JBM Auto shares on Monday?