The US markets traded marginally higher on March 28. The S&P 500 was up 0.09 percent at 5,253.62. This wraps up its best quarter in five years, showing strong performance and optimism among investors. The Nasdaq Composite and Dow Jones Industrial Average traded flat-to-positive at 16,402.20 and 39,761.50 respectively.
The S&P 500 has surged nearly 10 percent over the quarter, making this its best performance since 2019. The Nasdaq rallied 9.3 percent and the Dow Jones moved 5.5 percent higher over the same period.
The GIFT Nifty traded strongly positive on Thursday, up 0.42 percent at 22,577.00, ending the last day of the shortened week and the fiscal year on a positive note. The stocks markets will remain closed on Friday, March 29 on account of ‘Good Friday’.
European markets continued trading positive for a second day. At 8:30 pm IST, the FTSE was up 0.46 percent at 7,968.66 and the DAX traded 0.11 percent higher at 18,498.26. The CAC also traded 0.11 percent higher at 8,213.49.
Earlier during the day, the Nikkei tumbled 1.46 percent to 40,168.07 as traders booked profits. The Hang Seng recovered from a long-drawn losing streak and increased by nearly a percent to 16,541.42, owing to strong policy bets.
The Nifty surged 0.91 percent to 22,326.90 amid strong global cues and the Sensex traded 0.88 percent higher at 73,635.48.
DIIs net purchased Rs 2,691.52 crores and the FIIs/FPIs net bought Rs 188.31 crores.
Also Read: Indian economy can grow at 8% till 2047, says Subramanian
Crude edged higher on March 28 and was up 1.51 percent at 82.58. Brent also traded 1.46 percent higher at 87.35.
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