Become a logicalchat Member

Latest Post

Your story starts here. Sign up and let's connect in ways that truly matter!

HomeLatest NewsIndian NewsMarket Soars Near Record High on FY24's Final Trading Day: Investors Cheer.

Market Soars Near Record High on FY24’s Final Trading Day: Investors Cheer.

Market Soars, The Nifty50 index experienced a 1.6% increase in the March F&O series and a month, while in the FY24, it surged by 28.6%.

The Nifty saw significant gains from Bajaj Finserv, Grasim Industries, Hero MotoCorp, Bajaj Finance, and Eicher Motors, while losses were from Shriram Finance, Tech Mahindra, Axis Bank, Reliance Industries, and Britannia Industries. Sectoral indices saw 1% increases in auto, healthcare, metal, power, and capital goods, while oil & gas, IT, bank, realty, and FMCG saw 0.5 percent gains.

Sectors and stocks

The BSE midcap index and smallcap index increased by 0.6% and 0.3% respectively.

The market will remain closed on March 29 due to Good Friday. The BSE Sensex and Nifty rose by 1% each for the week. The Nifty50 index gained 1.6% in March and 28.6% in FY24, while the BSE Sensex saw a 1.6% gain in March 2024 and nearly 25% growth in FY23-24.

The BSE Sensex saw a 1.6% gain in March 2024, with a nearly 25% rise in FY23-24. SAIL, Adani Enterprises, and Cipla experienced a volume spike of over 100%. Bajaj Finance, Grasim Industries, and Ipca Lab experienced a long build-up, while Persistent Systems, Oberoi Realty, and IDFC First Bank experienced a short build-up. Over 100 stocks reached their 52-week highs on the BSE, including ABB India, Adani Ports, and Siemens.

April 01 Forecast

The Nifty surged, surpassing the 22,500 mark and maintaining momentum beyond 22,100. A consolidation breakout signaled rising optimism. However, initial resistance near 22,526’s swing high requires a decisive overpass of 22,525 for sustained rally. On the downside, 22,200 could serve as short-term support.

Markets may experience wild fluctuations due to expensive benchmark indices valuations, but the undertone remains bullish as investors are willing to bet big on equity assets for the next financial year. Focus will shift to full-year earnings from next month, with sectors like banking and IT companies being in focus. Corrections at intervals may provide investors with opportunities to revisit mid and small-cap stocks.

FII Bought 2,170.32 Cr
DII Bought 1,197.61 Cr
as per last trading session

Indian Market Stocks

Sensex655.04+0.90%73,651.35
Nifty 50203.25+0.92%22,326.90
Nifty Bank338.65+0.72%47,124.60
as per closing Bell

Market Movers

Bajaj Finserv61.20 3.87%Shriram Finance-26.55 -1.11%
Grasim79.95 3.62%Axis Bank-5.65 -0.54%
Hero Motocorp149.75 3.27%Reliance-14.00 -0.47%
Bajaj Finance222.50 3.17%Tech Mahindra-5.70 -0.45%
Eicher Motors105.50 2.70%Britannia-101.40 -1.60
as per closing Bell

Must read book about investing – check here

Sensex Sensex Sensex

Sensex After four weeks of increases, Sensex and Nifty fell 2% for the first time After four weeks of increases, Sensex and Nifty fell 2% for the first time

The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.

The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.

Red Alert Red Alert Red Alert Red Alert Red Alert Red Alert Red Alert Red Alert

Record High Record High Record High Record High Record High Record HighrRRecord HighRecord Highecord Highockets

Market Rally Halts Market Rally Halts Market Rally Halts Market Rally Halts

stor Alarm

Related Post