Sensex and Nifty rise due to foreign investor interest

On March 24, 2025, the Indian stock market experienced an upward trend. The BSE Sensex rose by 1.4% to reach 77,984.38 points. Similarly, the NSE Nifty increased by 1.32% to 23,658 points. This rally was propelled by renewed interest from foreign investors and activity from bargain hunters, particularly in the banking and IT sectors. In corporate news, Jindal Stainless is facing challenges. The company has cut its target price for shares from Rs 836 to Rs 723 due to weak export demand and high import levels. As a result, the management has adjusted its expectations for the current financial year, forecasting lower volume and profitability. HSBC reports that power demand rose in February, increasing by 7% year-on-year, and this trend is expected to continue into March. Experts predict that peak demand could exceed 270 GW during the summer. In response, the government has extended certain measures to manage supply. In the paints sector, demand appears to be weak, as indicated by reports from dealers. Expectations suggest a recovery in rural markets by April and May, while urban demand may improve later in the year. Industry forums, such as Jefferies, discussed the outlook for various financial institutions. HDFC Bank is optimistic about growth in deposits and loans, while IDFC Bank anticipates some difficulties in specific segments. Regarding property company DLF, analysts have mixed opinions. Some suggest a cautious stance on growth, while others maintain a buy rating, citing positive cash flow expectations and ambitious future targets. Gas companies are also under scrutiny, with discussions ongoing about new regulations that might affect costs. Analysts are optimistic about companies like MGL, predicting they could double their market capitalization over the next three years. Overall, the market is showing signs of positive activity, with several companies adjusting their strategies to navigate current economic conditions.