Buy or sell: Osho Krishan of Angel One recommends buying Max Financial Services and Birlasoft today
Stock Market News: On the last trading day of the fiscal year 2024, the domestic benchmark equity indices, the Sensex and the Nifty 50, began the day higher on Thursday, fuelled by gains in information technology stocks and financials. However, significant volatility is anticipated ahead of the monthly derivatives expiry. The Sensex opened higher by 269.86 points or 0.37% at 73,149.34 level while the Nifty 50 began at 22,163.60 level, up 73 points or 0.33%.
During Wednesday's trading session, heavyweights Reliance Industries (RIL) and oil marketing firms propelled the Sensex and Nifty 50 to higher closing levels after Goldman Sachs set a Street-high target price. Also Read: Sensex Today | Share Market Live Updates : Sensex up 220pts, Nifty at 22,190; Auto, Consumer Durables under pressure The 30-share BSE Sensex ended higher by 526.01 points or 0.73% at 72,996.31 level while the Nifty 50 closed at 22,123.65 level, up 118.95 points or 0.54%. On the broader market front, while the Nifty Smallcap 100 outperformed the benchmark indices, rising 1.15%, the Nifty Midcap 100 underperformed, ending 0.12%.
According to Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, yesterday's robust 119-point increase in the Nifty 50 has validated the rising trend that was anticipated starting in early April. The massive liquidity inflows into the market have been the main driver of the current rise.
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