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Nifty rises like a phoenix
Financial Express Kolkata
|March 24, 2025
THE NIFTY ROSE on each of the trading sessions to gain 4.26% last week.
THE NIFTY ROSE on each of the trading sessions to gain 4.26% last week. This was its best weekly performance since February 2021. Daily volumes on Friday were the highest since November 24, 2024.
The Midcap 100 gained 7.74%, its best weekly performance since April 2020, while the SmallCaps 100 soared 8.64%, its strongest weekly show since June 2020.
The main trigger for market gains was the upward trajectory of the rupee. The rupee gained for the eighth straight day. It appreciated by 40 paise to 85.97 against the US dollar on Friday, a two-and-a-half-month high. Another reason for gains was the fear of missing out in terms of catching the bottom.
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