Indian Stock Market Leads Global Gains With 9.4% Surge In March

India’s stock market led global gains in March, surging 9.4% in dollar terms—the highest among the world’s top 10 equity markets. The BSE’s market cap jumped to $4.8 trillion, marking its biggest monthly gain since May 2021. Sensex and Nifty rose 5%, while MidCap and SmallCap indices climbed 8.4% and 9.8%, respectively. The rally was driven by value buying and RBI rate cut expectations.