Market Closing Bell: Sensex, Nifty lengthen achieve for fourth day, all indices finish in inexperienced

Market Closing Bell: Benchmark indices ended on a constructive be aware on Thursday, i.e. on March 20, taking their profitable momentum to the fourth straight day. Right this moment’s achieve comes amid heavy shopping for in market heavyweights Bharti Airtel, TCS and Hindustan Unilever and agency tendencies within the US equities after the Federal Reserve maintained its price minimize projections for this yr.

Furthermore, blue-chip IT shares placed on a very good present immediately.

The 30-share BSE benchmark Sensex climbed 899.01 factors or 1.19 per cent to settle at 76,348.06.

Throughout the day, it superior 1,007.2 factors or 1.33 per cent to 76,456.25.

The NSE Nifty rose 283.05 factors or 1.23 per cent to 23,190.65.

From the Sensex pack, Bharti Airtel, Titan, TCS, Hindustan Unilever, Infosys, Nestle India, Reliance Industries, Mahindra & Mahindra and HDFC Financial institution have been among the many main gainers.

Then again, IndusInd Financial institution, Bajaj Finance and UltraTech Cement have been among the many laggards.

“Constant falls of the US greenback index (DXY) have decreased the depth of FII promoting whereas DII shopping for continues to be robust, thus triggering the current upside. Supportive home information indicating a MoM rise in financial exercise and the view that extra price cuts are envisaged in the course of the yr are including to the attractiveness of fairness. The sustenance of the continuing rally is anticipated to remain for the broad market within the brief time period after which drive based mostly on the outlook on Q4FY25 outcomes, to be launched in April,” stated Vinod Nair, Head of Analysis, Geojit Monetary Companies.

In Asian markets, Seoul settled within the constructive territory, whereas Shanghai ended decrease.

US markets ended within the constructive zone on Wednesday.

Overseas Institutional Buyers (FIIs) continued promoting on Thursday as they bought equities value Rs 1,096.50 crore, based on trade information. Home Institutional Buyers (DII) purchased equities value Rs 2,140.76 crore.