Closing Bell: Nifty and Sensex Surge Over 1%, Power Mech Projects Soars 15%
By ScanX News Team
Indian stock markets closed strong on March 24, 2025, with Nifty 50 at 23,658.35 (+1.32%) and BSE Sensex at 77,984.38 (+1.40%). Market breadth was positive with 2,676 advancing stocks out of 4,496 traded. Aerospace & Defense (+2.93%) led sectoral gains, while Aviation (-0.18%) underperformed. Power Mech Projects buzzed, surging 15.85% on a ₹579 crore contract win.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets concluded on a strong note on Monday, March 24, 2025, with both benchmark indices posting significant gains. The Nifty 50 and BSE Sensex surged over 1%, driven by positive sentiment across multiple sectors.
Nifty 50 Performance
The Nifty 50 index closed at 23,658.35, registering a robust gain of 307.95 points or 1.32% from its previous close. The index showed strong momentum throughout the trading session, reflecting broad-based buying interest.
BSE Sensex Performance
The BSE Sensex mirrored the Nifty's performance, ending the day at 77,984.38. This represented an impressive increase of 1,078.87 points or 1.40% from its last closing value.
Market Breadth
The overall market breadth was decidedly positive, indicating widespread optimism among investors:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,496 |
| Positive | 2,676 |
| Negative | 1,820 |
Sectoral Performance
Top Performing Sectors
- Aerospace & Defense: +2.93%
- Utilities: +2.00%
- Banks: +1.66%
- Transport Services: +1.59%
- Capital Goods: +1.56%
These sectors outperformed the broader market, with Aerospace & Defense leading the pack with an impressive average percentage change of 2.93%.
Underperforming Sector
The Aviation sector was the sole loser of the day, with an average percentage change of -0.18%.
Buzzing Stocks
Power Mech Projects emerged as the star performer of the day, with its stock price soaring by 15.85% to close at ₹2,514. The company's shares rallied on the back of a significant contract win worth ₹579 crore from Bharat Heavy Electricals Limited (BHEL). The contract involves civil, structural, and architectural works for the 2x800MW DVC Koderma (KTPS) Phase-II Project in Jharkhand, highlighting Power Mech Projects ' growing presence in the power sector infrastructure development.
Conclusion
The Indian stock markets demonstrated robust performance on March 24, 2025, with both the Nifty 50 and BSE Sensex recording gains exceeding 1%. The positive market breadth, coupled with strong performances across multiple sectors, particularly Aerospace & Defense and Utilities, contributed to the day's upward trajectory. Power Mech Projects ' significant contract win and subsequent stock rally further exemplified the day's bullish sentiment.
