NewsMarketsMid Day Bell: Nifty and Sensex Surge Over 1% as Defense and Utilities Sectors Lead GainsMid Day Bell: Nifty and Sensex Surge Over 1% as Defense and Utilities Sectors Lead Gains
By ScanX News Team
Indian markets showcase robust midday performance with Nifty 50 up 1.16% at 23,621.15 and Sensex surging 1.17% to 77,805.71. Aerospace & Defense leads sectoral gains at 3.15%, followed by Utilities at 2.35%. Magellanic Cloud (+14.70%) and Power Mech Projects (+13.77%) emerge as top buzzing stocks amid positive corporate developments.
*this image is generated using AI for illustrative purposes only.
Market Overview: Bullish Momentum Drives Indices Higher
The Indian stock markets are showcasing robust performance at midday on March 24, 2025, with both benchmark indices posting significant gains. The positive sentiment is driven by strong performances across multiple sectors, particularly in Aerospace & Defense and Utilities.
Nifty 50 and Sensex Performance
The Nifty 50 index is trading at 23,621.15, up 270.75 points or 1.16% from its previous close. Similarly, the BSE Sensex has surged to 77,805.71, marking a substantial increase of 900.20 points or 1.17%. These gains reflect a bullish trend in the market, with investors showing renewed confidence.
Sectoral Performance
Top Performing Sectors
| Sector | Avg. Percentage Change |
|---|---|
| Aerospace & Defense | 3.1525% |
| Utilities | 2.3532% |
| Engineering Services | 2.0762% |
| Transport Services | 2.0220% |
| Capital Markets | 2.0052% |
The Aerospace & Defense sector is leading the rally, followed closely by Utilities. Engineering Services, Transport Services, and Capital Markets are also showing strong momentum, all registering average gains of over 2%.
Buzzing Stocks
Magellanic Cloud Ltd
- Current Price: ₹55.64
- Percentage Change: +14.698%
- News: Magellanic Cloud has announced the cancellation of its previous merger scheme with Ivis International. The company is now considering a fresh merger scheme with the same partner.
Power Mech Projects Ltd
- Current Price: ₹2,469
- Percentage Change: +13.774%
- News: Power Mech Projects has secured a significant contract worth ₹579 crore from Bharat Heavy Electricals Limited (BHEL) for civil, structural, and architectural works on the 2x800MW DVC Koderma (KTPS) Phase-II Project in Jharkhand.
Conclusion
As the trading session reaches its midpoint, the Indian stock market is displaying strong bullish sentiment. The surge in Nifty and Sensex, coupled with robust performances in key sectors like Aerospace & Defense and Utilities, indicates positive investor sentiment. Notable stock movements, particularly in Magellanic Cloud and Power Mech Projects, further underscore the day's dynamic market activity.
