Stock market took a big jump on the last day of the financial year, investors earned Rs 4.78 lakh crore.

Mumbai (Uttam Hindu News)– The country’s economic growth estimates have increased at the local level amid positive trends in the world market in anticipation of the world’s major central banks cutting interest rates and the relaxation in investment rules of lenders in the Alternative Investment Fund (AIF) of RBI. Due to the improvement in the financial situation, the stock market became buzzing today on the last trading day of the current financial year due to all-round buying. Amidst this surge, the market capitalization i.e. market cap of all listed shares on BSE increased by Rs 4.78 lakh crore to Rs 388.4 lakh crore. Let us tell you that now trading will take place in the stock market on the first day of the new financial year i.e. on April 1st. Markets will remain closed on March 29 due to Good Friday and March 30 and 31 due to weekly holidays.

BSE’s 30-share sensitive index Sensex jumped 655.04 points to close at two-week high of 73,651.35 points. Earlier on March 12, it was at 73667.96 points. Also, Nifty of National Stock Exchange (NSE) jumped 203.25 points to 22,326.90 points. Similarly, BSE’s Midcap rose 0.62 percent to 39,322.12 points and Smallcap was 0.33 percent stronger at 43,166.34 points.

During this period, shares of a total of 3938 companies were traded in BSE, out of which 1802 were bought while 2024 were sold while 112 remained unchanged. Similarly, 45 companies of Nifty closed in the green while the remaining five closed in the red.

According to analysts, the Reserve Bank of India (RBI) on Wednesday relaxed the norms brought in in December under which mandatory lenders have to set aside higher provisions if they buy into alternative investment funds. With the relaxation of rules, the financial situation improved and the market jumped higher. Also, after financial advisor S&P Global, Morgan Stanley has now increased the country’s gross domestic product (GDP) growth rate estimate for the financial year 2024-25 to 6.8 percent, which increased the investment flow of investors in the market.

This led to heavy buying in all the 20 groups of BSE. During this period, Commodities 0.95, CD 0.94, Energy 0.57, FMCG 0.64, Financial Services 0.95, Healthcare 1.18, Industrials 1.12, IT 0.55, Telecom 0.64, Utilities 1.29, Auto 1.19, Banking 0.82, Capital Goods 1.54, Consumer Durables 1. .00, metal 1.11, Shares of Oil and Gas 0.85, Power 1.69, Realty 0.52, Tech 0.63 and Services group were 0.53 percent stronger.

There was a bullish trend at the international level. During this period, Britain’s FTSE jumped by 0.34, Germany’s DAX by 0.13, Hong Kong’s Hang Seng by 0.91 and China’s Shanghai Composite jumped by 0.59 percent. However, Japan’s Nikkei declined by 1.46 percent. In early trade, the Sensex opened with a rise of 153 points at 73,149.34 points but after some time due to selling, it fell to a low of 73,120.33 points. At the same time, on the strength of buying, it reached the highest level of 74,190.31 points in the afternoon. In the end, it jumped by 0.90 percent to 73,651.35 points as compared to 72,996.31 points of the previous day.

Similarly, Nifty opened at 22,163.60 points with an increase of 40 points and its lowest level remained here during the session. Due to the buying, it reached the highest level of 22,516.00 points. It finally closed at 22,326.90 points, jumping 0.92 percent compared to 22,123.65 points in the previous session.

During this period, BSE companies whose shares were in profit included Bajaj Finserv 3.91, Bajaj Finance 3.09, SBI 2.53, Mahindra & Mahindra 2.26, Power Grid 2.21, Nestle India 2.18, Tata Steel 2.00, LT 1.83, JSW Steel 1.79, Wipro 1.66, NTPC. 1.60, Tata Motors 1.45, Hindustan Unilever 1.26, TCS 1.20, Ultrasimco 1.19, ICICI Bank 1.08, IndusInd Bank 1.04, Infosys 0.99, Bharti Airtel 0.94, Titan 0.88, Sun Pharma 0.77, Maruti 0.74, Kotak Bank 0.57, Asian Paint 0 .56, HDFC Banks comprised 0.52 percent and ITC 0.13 percent. At the same time, shares of Axis Bank lost 0.50, Reliance 0.37, HCL Tech 0.26 and Tech Mahindra lost 0.26 percent.