Market for stocks today: Nifty50 is approaching 21,150; BSE Sensex surges 150 points to surpass 73,000

Today’s stock market: On the last trading day of the fiscal year, the Indian main equity indexes, the BSE Sensex and Nifty50, started higher. On March 29, due to the Good Friday holiday, markets will be closed. The BSE Sensex broke the 73,000 mark in its first trading session, rising 150 points. Over 50 points were also gained by Nifty50. The BSE Sensex was up 153 points, or 0.21%, at 73,149.34 at 9:16 AM.

Nifty50 was up 56 points, or 0.25%, at 22,179.50.
On Wednesday, the equity markets rebounded favourably, fueled by the purchases of index heavyweights. Due to the impending financial year-end and monthly derivatives expiration, analysts have issued warnings about possible volatility in the near future. The most important global economic data releases for Thursday, according to Siddhartha Khemka, Head of Retail Research at Motilal Oswal, are the UK GDP data, US core PCE, Q4 GDP data, and first unemployment claim data.
Amidst contradictory signals from daily and hourly momentum indicators, Sharekhan’s Jatin Gedia suggests using any decline around 22100–22060 as a buying opportunity for a goal of 22215–22250.
Ex-dividend trading caused Japanese equities to decline in Asian markets, while Australian stocks hit a record high. Wednesday’s closing record for the S&P 500 was achieved by the Dow, which led the advance in US stock markets.
The US dollar appreciated compared to other major currencies as a Federal Reserve member signalled that rate reductions would be done cautiously. After two days of declines, there was a modest uptick in oil prices due to a reevaluation of US crude oil and gasoline stock data. Both the US West Texas Intermediate (WTI) and Brent oil futures for May delivery experienced increases.
Among the equities under the F&O embargo period on Thursday were ZED and Hindustan Copper. For the second day in a row, foreign portfolio investors were net purchasers, and on Wednesday, DIIs also purchased shares. The US dollar’s strength was seen in the Indian rupee’s closing value of 83.33 versus it.
Net short positions increased from Rs 75,404 crore on Tuesday to Rs 90,796 crore on Wednesday, according to FII data.