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Live: RBI, Q4 updates to sway Nifty this week; March sales to further rev up Autos? | Opening Bell

The market momentum turned strong on the monthly F&O expiry day, March 28 as the Nifty 50 closed above 22,300 after recent consolidation. Hence, if the index manages to sustain 22,300, then new record high can't be ruled out in coming sessions of April series, while the 22,200 may be an immediate support, then 22,000 mark, experts said. On March 28, the BSE Sensex rallied 655 points to 73,651, while the Nifty 50 jumped 203 points to 22,327. In FY24, the Nifty surged by nearly 30%, showcasing its most substantial returns since 2010, excluding the turbulent pandemic period. Meanwhile, Sensex recorded a 25% increase. However, stealing the spotlight were the midcap and small-cap indices, with the midcap index skyrocketing by 60%. Will FY25 yield phenomenal market returns as well? It’s a busy week for traders as RBI will announce its interest rate decision on Friday and companies will start coming out with their Q4 updates. Among stocks in news today, watch out for Infosys, HDFC Bank, RVNL, HAL among others. Catch Nandita Khemka in conversation with Aamar Deo Singh, Sr Vice President of Angelone and Asutosh Mishra, Head of Research and Institutional Equity at Ashika Stock Broking.

first published: Apr 1, 2024 09:15 am