Market News
2 min read | Updated on March 28, 2024, 17:09 IST
SUMMARY
Benchmark Indices – NIFTY50 (+0.92%) and SENSEX (+0.90%) – closed in green after strong opening. Out of the NIFTY50 space, 45 stocks were advancing. ICICI Bank, State Bank of India, Larsen & Toubro, Bajaj Finance and HDFC Bank were the top contributors to the gains.
Stock list
ICICI Bank, State Bank of India, Larsen and Toubro, Bajaj Finance and HDFC Bank were the top contributors to the gains.
Benchmark indices ended the last trading session of the financial year 2023-24 on a positive note. NIFTY50 gained 0.92% or 203 points at 22,326, while SENSEX rose 0.90% or 655 points to 73,651
Intraday, NIFTY50 crossed the 22,500 level, and Sensex traded above 74,100 but pared some gains in the session's last hour. As per experts, monthly expiry seems to have triggered sharp downfall in the last trading hour. Out of the NIFTY50 space, 45 stocks were advancing.
ICICI Bank, State Bank of India, Larsen & Toubro, Bajaj Finance and HDFC Bank were the top contributors to the gains. Reliance Industries, Axis Bank, Shriram Finance, Bajaj Auto and Tech Mahindra weighted.
Except for NIFTY Media all other sectoral indices closed in green. NIFTY PSU Bank (+2.62%), NIFTY Auto (+1.29%), Nifty Metal (+1.25%), NIFTY Pharma (+1.21%) and NIFTY Financial Services surged the most.
NIFTY Smallcap100 closed flat with 0.04% gains, while NIFTY Midcap100 rose 0.50% due to an increase in shares like Bank of Maharashtra (+4.99%), Suzlon Energy (+4.94%) and Kalyan Jewellers (+4.47%).
SRM Contractors IPO received strong demand from investors. ₹130 crore IPO was subscribed over 86 times as of 5 pm on the final day of bidding. The company’s share are expected to list on April 3.
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