Indian equity markets extended their rally for a second consecutive session on March 17, with the Sensex climbing 567.99 points to close at 76,070.84 and the Nifty 50 advancing 172.35 points to settle at 23,581.15. Metal and auto stocks drove the gains, rebounding after recent declines as valuations became more attractive. However, crude oil prices near $103 per barrel and geopolitical tensions in West Asia continued to limit upside potential. Foreign investors remained net sellers, pulling approximately $6.9 billion in March alone. Analysts note that while short covering could support near-term market movements, elevated crude prices and ongoing Middle East concerns may sustain volatility ahead.
