New Delhi, March 17 -- Stock market indices Sensex and Nifty 50 surged by more than 1% on Monday, March 16 following significant losses over the past three trading days, fueled by value-driven purchases in major banking stocks.

The 30-share BSE Sensex increased by 938.93 points or 1.26% to close at 75,502.85. During the session, it reached a peak of 75,805.27 and a trough of 73,949.76. Nifty 50 rose by 257.70 points or 1.11% to finish at 23,408.80.

Analysts suggest that the markets began the week with volatility and gained over a percentage, breaking their recent downward trend, aided by opportunistic buying. The recovery primarily indicates that investors are seizing the opportunity to buy certain large-cap stocks following the signifi...