Stock market highlights on March 27: Reliance Industries closed 3.6 per cent higher, making up 58 per cent of Sensex gains after Goldman Sachs raised target price on the stock
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Stock market highlights on March 27, 2024: Equity benchmark indices rallied sharply to close Wednesday’s session, lifted by sustained strength in index heavyweights like Reliance Industries, HDFC Bank and Maruti. The BSE Sensex ended 526 points up at 72,996 coming off a 669 pts intra-day rally. The NSE Nifty 50 jumped 119 points to close at 22,124.
Reliance Industries closed 3.6 per cent higher, making up 58 per cent of Sensex gains after Goldman Sachs raised target price on the stock. Read
RIL was followed by Maruti, Bajaj Finance, Bajaj Auto, Titan, Kotak Bank, HDFC Bank, IndusInd Bank, M&M, Axis Bank and Larsen & Toubro, which rallied 0.9-2 per cent.
On the other hand, Wipro, UPL, Hero Moto, Nestle India, TCS and Tata Motors were top largecap losers.
The BSE MidCap index rose just 0.1 per cent, while the SmallCap index ended 0.7 per cent higher in the broader market.
Among sectors, Nifty Realty gained most, up 0.85 per cent, while Nifty PSU Bank was the top loser that fell nearly 1 per cent. FMCG, IT and Pharma pockets were other underperformers, which closed in red.
T+0 settlement kicks from Thursday, March 28
The BSE has named 25 stocks eligible for the T+0 settlement cycle starting Thursday. This comes after the regulator introduced a framework for the beta version of the T+0 trade settlement cycle on an optional basis earlier this month.
Among the stocks eligible for the T+0 settlement cycle are Ambuja Cements, Ashok Leyland, Bajaj Auto, Bank of Baroda, and BPCL. Read here
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First Published: Mar 27 2024 | 7:55 AM IST
