Stock market update: Sensex, Nifty end FY 23-24 on strong note

There has been a rise in the stock market today i.e. on 28th March which was also the last trading day of Financial Year 2023-24. Sensex closed at 73,651 with a gain of 655 points. At the same time, there was a rise of 203 points in Nifty, it closed at the level of 22,326.

Out of 30 Sensex stocks, 26 have were in the green and only 4 ended in red. Today there were more gains in banking, pharma and IT shares. Today Nifty PSU Bank index had the highest rise of 2.62%. SBI shares gained 2.53% today.

3 reasons for market boom

• Due to fall in crude oil prices.
• Foreign investors are increasing investment in the Indian market.
• The market has also been strengthened by the increase in India’s forex reserves.

There was a rise in the market yesterday

Earlier yesterday i.e. on March 27, a rise was seen in the stock market. The Sensex closed at 72,996 with a gain of 526 points. At the same time, Nifty also saw a rise of 118 points, it closed at the level of 22,123.