Sensex Retreats from Day's High, Closes 1.6% Higher Amid Market Correction
Indian Stock Market Update
March 25, 2024
The Benchmark indices, Sensex and Nifty, partially trimmed their gains on March 25 but still closed 1.6% higher. At 3:31 pm, the Sensex was up 1,205 points or 1.63% at 75,273.45, and the Nifty was up 392.70 points or 1.71% at 23,305.10. A total of 2,841 shares advanced, while 1,309 shares declined, and 134 shares remained unchanged.
Market Activity
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Partial profit booking was seen on March 25 after the Sensex rose over 3,000 points in two sessions and the Nifty reclaimed the 23,400-mark. However, even as all sectors were in the green during the last hour of trading, they pared their gains from day's high. Broader markets also faced the same phenomenon.
Technical Analysis
Market analysts note that as long as the Nifty stays below the 23,400-mark, the markets will not be out of the woods yet.
F&O Expiry
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
With March 25 being monthly F&O expiry for Sensex, volatility is expected on such days.
Investor Takeaway
Investors should be cautious of market corrections and volatility around F&O expiry days.
More in Market
Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Indian Stocks to Watch: BHEL, Agarwal Industrial, JBM Auto, Rajesh Exports, Indian Energy Exchange, Lenskart Solutions in Market Focus on June 4.
