Stock market updates on March 28, 2024: Indian equity benchmark indices started the last trading day of the week and month on a positive note. Tomorrow, Friday, markets will be closed on account of Good Friday holiday.
The S&P BSE Sensex opened 150 points higher and quoted around 73,150 levels. The Nifty 50 was seen moving towards 22,200 levels.
On Thrusday, among individual stocks, Maruti which topped the Rs 4 trillion market capitalisation yesterday will be in focus after the company announced a rejig in its top management. READ MORE
Shares of banks and NBFCs too will be in focus as in a relief measure to these institutions, the RBI relaxed the norms on investments in Alternative Investment Funds (AIFs).
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Global markets
In Asia this morning, Nikkei slipped 1.3 per cent. Kospi and Taiwan declined 0.5 per cent each. Hang Seng and Shanhgai too were marginally in red.
Overnight in the US, benchmark indices snapped their 3-day losing streak and ended with notable gains ahead of the much anticipated Personal Consumption Expenditure Price Index (PCE) data on Friday. Dow Jones rallied over 1 per cent, the S&P 500 and Nasdaq gained 0.9 per cent and 0.5 per cent, respectively.