Sensex, Nifty updates on 28th March 2024: Indian stocks surged on Thursday, the final trading day of fiscal year 2024, driven by a rise in financial stocks following the RBI’s relaxation of rules for lenders’ investments in alternative investment funds. The BSE Sensex rose 655.04 points or 0.90% to close at 73,651.35 and the NSE Nifty gained 203.25 points or 0.92% to settle at 22,326.90. Stocks advanced on BSE at 3 pm were 1,989 against 1,808 stocks that declined; 96 stocks remain unchanged. Total stocks traded were 3,906. The number of stocks that recorded a 52-week high was 128, and those that hit a 52-week low was 139. In addition, 315 stocks traded in lower circuit, while 253 hit the upper circuit. Ashwin Ramani of SAMCO Securities noted a decrease in India VIX to 12.70, which reassured investors. Despite mixed cues, the market showed strength, particularly in the banking, energy, and auto sectors. Traders were advised to prioritise stock selection and risk management.
