The 30-share BSE Sensex pack jumped over 600 points to hit a record high of 74,255 and the broader NSE Nifty index moved around 200 points to touch 22,530 level for the first time ever.
Nifty Bank outlook: The positioning in banking appears to be heavily short, indicating the potential for some covering-led action, which could result in gains of around 2-2.5 per cent by mid-month, Nuvama said.
In the general election year, a few sectors always stay in focus due to the formation of the new government, fresh announcements and full-year budget presentation.
The BSE Sensex surged 819 points, or 1.13%, at 73,651.35 during the holiday shortened week ended on March 28, 2024. While the Nifty gained 230 points, or 1.04%, to 22,326.9.
Sensex, Nifty rally today: At 14:38 pm, the BSE Sensex was up 1,110 points or 1.52 per cent, at 74,106. The NSE Nifty was quoting at 22,495, up 372 points or 1.68 per cent
Sectorwise, the BSE Realty index gained the most 130% during the same period. It was followed by BSE Power index (up 83%), BSE Capital Goods (up 75%) and BSE Auto index (up 72%). Market watchers believe that robust inflows from foreign as well as domestic institutional investors supported market sentiments during the year.
Strap: This week, the BSE Sensex surged 189 points, or 0.26%, at 72,831.94 during the week ended on March 22, 2024. While the Nifty gained 73 points, or 0.33%, to 22,096.75.
The BSE Sensex gained 190.75 points, or 0.26 per cent, to 72,831.94, while NSE's Nifty50 jumped 84.80 points, or 0.39 per cent, to 22,096.75 for the day.
The BSE Sensex added 539.50 points, or 0.75 per cent, to 72,641.19, while NSE's Nifty50 surged 172.85 points, or 0.79 per cent, to 22,011.95 for the day.
Broader markets (mid- and small-cap shares) also staged a strong rebound with small-cap index rising 2.36 per cent. India VIX, fear index, dived 5.64 per cent to 12.71-level.
UBS has shared its views on three potential scenarios: a BJP single-party majority; a BJP-led coalition; and a feeble coalition led by the INDIA alliance.
The BSE Sensex dropped tanked more than 736.37 points, or 1.01 per cent, to 72,012.05, while NSE's Nifty50 tumbled 238.25 points, or 1.08 per cent, to 21,817.45 for the day.
The 30-share BSE Sensex pack slumped 736 points or 1.01 per cent to settle at 72,012. The broader NSE Nifty index moved 238 points or 1.08 per cent down to end at 21,817-level. The correction in domestic benchmarks was due to weakness in consumer, IT, pharma and energy stocks.
BSE Sensex tanked 104.99 points, or 0.14 per cent, to end the day at 72,748.42. NSE's Nifty ended at 22,055.70, dropped 32.35 points, or 0.15 per cent for the day.
BSE Sensex tanked 453.85 points, or 0.62 per cent, to end the day at 72,643.43. NSE's Nifty ended at 22,023.35, dropped 123.30 points, or 0.56 per cent for the day.
BSE Sensex rose 335.39 points, or 0.46per cent, to end the day at 73,097.28. NSE's Nifty ended at 22,151.00, gaining 153.30 points, or 0.70 per cent for the day.
A total of 3,978 shares traded on BSE, out of which 3,569, or 89.72 per cent, settled lower. Only 350 stocks, or 8.8 per cent, ended the session with gains.
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