Investors will hope the Friday happy endings continue on the bourses. The Nifty expiry at 7739 levels for March series was largely driven by banking and metals heavyweights. Ahead of the RBI policy next week, Bank Nifty was up 19% expiry to expiry and Nifty up 11% in the same period.
A cracker of a month came to a close as the NSE Nifty clocked gains of over 10% in the month of March. For the fiscal, Sensex and Nifty having fallen 9.35% and 8.86% respectively where 21 of Sensex firms’ combined Mcap saw a steep erosion of Rs. 6,07,444.13 crore. In a saving grace, as many as nine Sensex heavyweights have collectively reported an impressive increase of Rs. 1,35,888.42 crore in their Mcap.
The outlook is a subdued start as a new fiscal begins. Investors will hope the Friday happy endings continue on the bourses. The Nifty expiry at 7739 levels for March series was largely driven by banking and metals heavyweights. Ahead of the RBI policy next week, BankNifty was up 19% expiry to expiry and Nifty up 11% in the same period. Rollovers on Nifty stood at ~60% vs 68% in the previous expiry. F&O indications are that the Nifty may trade the initial days of April in a range of 500 points as build up is seen at 8000 calls and 7500 puts.
US blue chip stock indices closed lower on Thursday but logged one of their best-performing months since last October. Investors remained cautious on the last day of the quarter ahead of the key labor market data due on Friday. The Dow Jones Industrial Average shed 31.57 points, or 0.2% to end at 17,685.09. The S&P 500 index dropped 4.21 points, or 0.2% to settle at 2,059.74. The Nasdaq Composite index finished flat on Thursday at 4,869.85.
The Dow gained 7.1% in March and is up 1.5% since the start of the year. The S&P 500 index surged by 6.7% over the month. The Nasdaq jumped by 6.8% during March. The Dow and S&P 500 are up ~13% year-to-date, while the Nasdaq has gained 14%. Over the past month, expectations of interest rate hikes have faded, helping to boost US stocks and weaken the dollar.
In the day's important economic news, the number of Americans who applied for unemployment benefits in late March rose by more than expected to 276,000 and hit the highest level in two months.
Domestic mutual funds reported selling of Rs 8,053 crore in March (as on March 30), the highest in any of the months so far, says a report.
The outlook is a subdued start as a new fiscal begins. Investors will hope the Friday happy endings continue on the bourses. The Nifty expiry at 7739 levels for March series was largely driven by banking and metals heavyweights. Ahead of the RBI policy next week, BankNifty was up 19% expiry to expiry and Nifty up 11% in the same period. Rollovers on Nifty stood at ~60% vs 68% in the previous expiry. F&O indications are that the Nifty may trade the initial days of April in a range of 500 points as build up is seen at 8000 calls and 7500 puts.
US blue chip stock indices closed lower on Thursday but logged one of their best-performing months since last October. Investors remained cautious on the last day of the quarter ahead of the key labor market data due on Friday. The Dow Jones Industrial Average shed 31.57 points, or 0.2% to end at 17,685.09. The S&P 500 index dropped 4.21 points, or 0.2% to settle at 2,059.74. The Nasdaq Composite index finished flat on Thursday at 4,869.85.
The Dow gained 7.1% in March and is up 1.5% since the start of the year. The S&P 500 index surged by 6.7% over the month. The Nasdaq jumped by 6.8% during March. The Dow and S&P 500 are up ~13% year-to-date, while the Nasdaq has gained 14%. Over the past month, expectations of interest rate hikes have faded, helping to boost US stocks and weaken the dollar.
In the day's important economic news, the number of Americans who applied for unemployment benefits in late March rose by more than expected to 276,000 and hit the highest level in two months.
Domestic mutual funds reported selling of Rs 8,053 crore in March (as on March 30), the highest in any of the months so far, says a report.
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