Sensex Jumps 250 Points, Nifty Above 22,150; Bajaj Twins Shine

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.

The Nifty so far in March has gained 0.6 per cent, and has rallied 27.4 per cent for the financial year FY24.

Besides, markets will also usher in the same-day or T+0 settlement cycle from today on an optional basis for a handful of stocks.

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.

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).

Global Cues

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.