Stock markets closed due to Good Friday
Stock markets : Stock markets were also close on the first day of the week for Holi holiday and were open only three days during the week.
The Sensex and Nifty rose more than 1 percent on Thursday.
The Indian equity and debt markets were close on Friday due to the Good Friday holiday. Stock market were also closed on the first day of the week for Holi holiday and were open only three days during the week. In Thursday’s trading session, benchmark indices started the financial year 2022 at a strong footing, ending at the day’s highest point, taking the green signal in the European and Asian markets. BSE Sensex ended 50,000 points down at 50,029.83, with a gain of 520.68 points, or 1.05 percent. The NSE Nifty gained 176.65 points or 1.20 percent to end at 14,867.35. The BSE Metal Index gained over 5 per cent, while the Healthcare, Oil and IT index gained about one per cent.
The BSE midcap index and the BSE smallcap index rose 1.6 per cent and 2 per cent, respectively.
Overnight, global equity markets surged on Thursday, with US and European benchmark stock indices at record highs. On the back of the strongest manufacturing data worldwide in decades, and a decline in bond yields lifting large tech stocks.
US President Joe Biden made a $ 2.3 trillion comprehensive plan to rebuild America’s crumbling infrastructure, boosting investor enthusiasm, as accelerating the vaccine rollout.
The dollar fell to a nearly three-year high in the first quarter,
While oil rose before the meeting of the Organization of Petroleum Exporting Countries and allies. Who were hoping to keep the supply tight.
On Wall Street, the S&P 500 also touched a new high, as the Institute for Supply Management rose to its highest level in more than 37 years in March, after the national factory activity index touched a previous high of 4,000 points .
Stock markets : After strengthening on Thursday, analysts believe that the pace of market growth is high.
“The Nifty recovery from support around the 14,700 level is positive from a short-term perspective. If the Nifty stays above 14,700. It is expected that the market will gain momentum and increase the likelihood of a fresh breakout above 14,900. Leading to Reverse projection may occur.
Ashis Biswas, head of technical research at Capital Via Global Research, said levels of 15,300. Sensory indicators such as the RSI and MACD support the inverse move. Suggesting that the capacity for a fresh breakout is exceptionally high.