Sensex surges 800 points on final day of FY24: Key factors behind the rally

Posted on:
Key Points

Tracking positive cues from global peers and ahead of a key US inflation reading, Indian shares traded on a firm note on the final trading day of the financial year 2024, led by banking and financial stocks...

The combined market capitalisation of all listed stocks on BSE jumped by Rs 2.74 lakh crore to Rs 386.38 lakh crore...

Recent hotter-than-expected U.S. inflation data triggered worries over a delay in interest rate cuts but the Fed's commentary at the policy meeting earlier this month eased concerns, as the central bank stuck to projections of three rate cuts this year...

The Reserve Bank of India (RBI) on Wednesday relaxed norms, brought in December, that mandated lenders set aside higher provisions if they bought into alternative investment funds, that, in turn, invested in the lender's borrowers...

Foreign portfolio investors bought Indian shares worth Rs 2,170 crore on a net basis on Wednesday, while domestic institutional investors purchased a net Rs 1,198 core worth of stocks...

You might be interested in

Ahead of Market: 10 things that will decide D-Street action on Wednesday

10, Oct, 23

A trend reversal was witnessed in Nifty on Tuesday which ended about 177 points higher to form a bullish inverted Head and Shoulder pattern on the daily chart

Rs 9 lakh crore gone! 10 factors why Sensex is down 2,000 points in 7 days

27, Feb, 23

Fear gauge index India VIX shot up another 5% as selling was seen across sectors. Sectoral indices of IT, metals and media lost in between 2-4% each.

Markets end higher in global rebound, but post weekly losses

17, Mar, 23

India Business News: Indian shares rose on Friday, tracking the rebound in global equities after authorities took a slew of measures to support the global banking system,

Ahead of Market: 10 things that will decide stock action on Monday

08, Oct, 23

US stocks closed sharply higher on Friday with technology shares, as investors assessed Friday's jobs report that showed US hiring rose broadly in September but also that wage growth was slowing.

Smart Rebound! Sensex climbs over 500 points after 6-day selloff as US Treasury yields subside

27, Oct, 23

From the Sensex stocks, Infosys, Tata Steel, M&M, NTPC, SBI and Wipro opened with gains, while only Asian Paints, UltraTech Cement, and HUL opened with cuts.

Reliance, HDFC Bank poised to drive market; 2 auto ancillary stocks to go up 30% over next year : Sanjiv B

17, Nov, 23

“ I am looking at 20,000 coming, whether it comes next week, today or by the end of the month it is very much on the cards that new highs are here. The index has consolidated enough and maybe for a day or so, consolidation may continue. But we are going to outperform in the near future.”