New Delhi, March 24 -- The Indian stock market continued its strong upward momentum on Monday, with both the benchmark indices - Sensex and Nifty 50 - rising over 1% each, driven by broad-based buying. This rally in domestic equities in the second half of March follows a phase of significant correction that began in October 2024.

Nifty 50 had declined by 13% from its peak due to persistent selling by foreign institutional investors (FIIs) and uncertainty arising from multiple factors, including the imposition of tariffs by the United States, China's economic revival measures, and a strengthening U.S. dollar.

Additionally, subdued corporate earnings in Q3 failed to uplift market sentiment. However, Q3FY25 GDP data indicated early signs o...