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Shares bought on March 28 cannot be sold till April 1, know why

Indian stock, bond and commodity markets will be closed on Friday, March 29 due to Good Friday. Stock exchanges BSE and National Stock Exchange (NSE), commodity exchanges MCX and NCDEX and bond markets will resume from Monday, April 1.
3 Month ago

The stock market is buzzing on the final day of the financial year and ahead of Good Friday. Stock market investors have received good news even before Good Friday. BSE's 30-share index Sensex is trading up over 900 points at 73899.43 around 1 pm, while NSE Nifty is trading at 22401.55, up 270 points. Amidst this market boom, stock market investors have earned 2.74 lakh crore rupees within a few hours of the start of trading.

Indian stock, bond and commodity markets will be closed on Friday, March 29 due to Good Friday. Stock exchanges BSE and National Stock Exchange (NSE), commodity exchanges MCX and NCDEX and bond markets will resume from Monday, April 1.

Is the stock market closed on Good Friday?

According to the BSE website, bseindia.com, trading in cash, derivatives and SLB or securities lending and borrowing segments will be unavailable on Friday, March 29.

When will next trading be available on NSE and BSE?

According to the BSE and NSE websites, the local stock market will open at 9:15 am on Monday, April 1, following a fifteen-minute pre-opening session starting at 9:00 am.

An increase was seen in these shares

Among the Sensex listed companies, shares of Bajaj Finserv, Bajaj Finance, ICICI Bank, State Bank of India, Power Grid and Infosys have been profitable. At the same time, shares of HCL Technologies, Maruti, Tech Mahindra and Asian Paints declined. Amid the boom in the stock market today, the market cap of companies listed on BSE rose by Rs. There has been an increase of more than 2 lakh crores.

Investors Rs. Earned 2.74 lakh crores

Earlier yesterday i.e. on March 27, 2024, the total market cap of all the shares listed on BSE was Rs. 3,83,64,900.22 crores. Today, 23 of the 30 companies listed on the BSE Sensex are in the green zone. 2239 shares are being traded on BSE today. Out of them 1589 shares look strong. Today, banking, pharma and IT stocks are witnessing a huge surge. The market was kind to the investors on the last day of the financial year and in the early stages investors got Rs. 2.74 lakh crore has been earned.

Due to this there is enthusiasm in the market

Global market boom

A rally in global peers supported growth in domestic equity markets. US stock market indexes closed higher on Wednesday, with the S&P 500 setting a closing record. The Dow Jones Industrial Average rose 477.75 points, or 1.22%, to 39,760.08, while the S&P 500 closed up 44.91 points, or 0.49%, or 0.849%. The Nasdaq Composite rose 83.82 points, or 0.51%, to close at 16,399.52.

Got support from big companies

A rally in index heavyweights such as Bajaj Finance, Bajaj Finserv, Hero MotoCorp, JSW Steel and ICICI Bank lifted the Nifty 50 above the 22,300 level. 45 stocks comprising the Nifty 50 saw gains, while 5 stocks were trading in the red.

Strong macroeconomic data

Morgan Stanley raised India's GDP growth forecast for FY2024-25 to 6.8% from its previous forecast of 6.5%, highlighting the country's strength and stability as a hallmark of the current financial cycle.

Impact on FII purchases

Foreign Institutional Investors (FIIs) continued to show strong buying interest in the stock market, indicating positive sentiment. FIIs on March 27 Rs. 2,170.32 crore net worth of shares were bought, while Domestic Institutional Investors (DIIs) on March 27 bought Rs. 1,197.61 crore shares were bought. This information is obtained from NSE's provisional data.

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