Mumbai: The rally in the stock market continued Monday with both the sensex and Nifty rising for the sixth consecutive session as foreign funds continued to buy domestic stocks. The BSE index has added 4,155 points, or 5.6%, in the last six sessions to its current close at 77,984 points, while Nifty has added 1,261 points, or 5.6%, to 23,658. With Monday’s gain, on a closing basis, Nifty has completely regained all its 2025 losses while sensex is just 50 points off that level.
In the last six sessions, FPIs have net-bought stocks worth about Rs 7,473 crore. In contrast, from the start of 2025 till March 17, foreign funds had net withdrawn over Rs 1.3 lakh crore, NSDL data showed. The day’s rally added Rs 5 lakh crore to investors’ wealth with BSE’s market cap now at Rs 418.3 lakh crore.
Wall St touches 2-week high
The recent gains in the market have come mainly on the back of strong foreign fund buying, market players said, adding that short covering ahead of the expiry of monthly derivatives contracts on Thursday also aided the rally.
“Short covering ahead of monthly F&O expiry later this week fuelled the rally as sensex breached the psychological 78k mark intra-day on across-the-board buying,” said Prashanth Tapse of Mehta Equities. “Renewed optimism by foreign investors after a sharp fall in local currency coupled with strong US and European market cues further bolstered the sentiment. Also, the moderating domestic inflation and hopes of further cuts in interest rates have temporarily offset the concerns of tariff-related global uncertainty,” he said.

In the last six sessions, investors have become richer by Rs 27 lakh crore.
On Monday, HDFC Bank, Reliance Industries and Kotak Bank contributed the most to the day’s rally in sensex while selling in Titan and Zomato limited its gains, although marginally. With Wall Street showing strong buying momentum in early trades on Monday, market players here expect another strong opening for the sensex on Tuesday.
Wall Street’s three main indices touched two-week highs on Monday, boosted by technology stocks on signs that the Trump administration is taking a measured approach on tariffs against its trading partners, Reuters reported.