Markets Update: Top Gainers and Losers for March 25 Include PCBL Chemical, Reliance Power, Kaynes Tech, and Indian Bank

Indian Stock Market Extends Gains, Nifty 50 Rises 1.72% to 23,306

On March 25, the Indian stock market continued its upward trajectory, with key indices rising over 1.7%. The Nifty 50 ended the session with a 1.72% surge, taking its two-day rally to 3.55%. The S&P BSE Sensex closed at 75,273, up 1.63% from the previous close.

The broader markets also delivered a similar performance, with both the Nifty Midcap 100 and Nifty Smallcap 100 rising 2.3% and 2.6%, respectively. Sector-wise, the Nifty Consumer Durables index topped the gains with a 3.51% surge, while the Nifty Realty, Nifty Chemicals, Nifty PSU Bank, Nifty Metal, and Nifty Auto indices all advanced over 2%. The Nifty IT index was the only sector to close with a modest gain of 0.08%.

Domestic Rally Driven by Value-Driven Buying

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The domestic rally was broad-based, supported by value-driven buying across sectors. India's valuation premium, which had remained elevated for some time, has corrected to more reasonable levels, offering investors greater comfort at current market levels.

Top Performers

• PCBL Chemical was the top performer among Nifty 500 stocks, surging 13.7% to ₹265 apiece, marking its biggest single-day gain in recent years.
• Other top gainers included Triveni Engineering, OneSource Specialty Pharma, Godfrey Phillips India, Balkrishna Industries, GE Vernova T&D India, and Sagility, which rallied over 6.5%.

Sector-Wise Performance

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• Consumer Durables: Kalyan Jewellers shares jumped 5.4% to ₹391.8 apiece.
• PSU Banking: Indian Bank shares advanced 4.5% to ₹911 apiece, followed by Union Bank of India and Central Bank of India, which rose 3.7% and 3.2%, respectively.
• Real Estate: Stocks such as Signatureglobal (India), Brigade Enterprises, Oberoi Realty, and Phoenix Mills closed higher by 3.6% to 4.5%.

Losers

• Trident emerged as the top laggard among Nifty 500 stocks, falling 2.7% to ₹24.7 apiece.
• Alkyl Amines Chemicals witnessed profit booking, falling 2.6% to ₹1,378 apiece.