Why the Stock Market is Rising Today, March 24, 2026: Sensex Surges 1,700 Points, ₹8 Lakh Crore Wealth Added

The Indian stock market saw strong buying on March 24, with both benchmark indices rising over 2%. The Sensex surged nearly 1,700 points to an intraday high of 74,364, while the Nifty 50 gained over 500 points to touch 23,026.

Broader markets also performed well, with midcap and smallcap indices rising more than 2%.

Investors Gain ₹8 Lakh Crore

The rally added significant wealth for investors. The total market capitalisation of BSE-listed companies increased to around ₹423 lakh crore, up from ₹415 lakh crore in the previous session, resulting in gains of about ₹8 lakh crore.

Easing US-Iran Tensions

Positive comments from Donald Trump about ongoing talks with Iran helped reduce global uncertainty. 

Positive Global Cues

Asian markets followed strong gains in US markets like the S&P 500 and Nasdaq. Indices in Japan, Korea, and China also rose, supporting the rally in Indian equities.

Short Covering Boost

The market rally was partly driven by short covering ahead of the expiry of the March futures and options (F&O) series.

Read More: H.G. Infra Engineering Wins ₹401.33 Crore Railway Infrastructure Project in Madhya Pradesh!

Rupee Strengthens

The Indian rupee opened stronger at 93.63 against the US dollar, helping improve market sentiment. A stronger rupee can reduce foreign investor outflows and support equity markets.

Conclusion

The sharp rally in the market was driven by global optimism, easing geopolitical tensions, and factors like short covering. 

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