On the last trading day of the week, the stock markets were trading with strong momentum. Sensex jumped 800 points during intraday trading. Nifty also crossed the 24,000 mark—and scored a “double century”. Bank Nifty jumped 950 points and reached near 55,800 level. Shares of big banks like SBI, ICICI and HDFC Bank rose up to 3 percent. In contrast, the IT index had fallen 2.7 per cent by 12:30 pm. There was a strong rise in banking and NBFC shares.
In early trade, Sensex was up 500 points and Nifty was up nearly 150 points, with Nifty trading around 23,940 levels. During this period, Bank Nifty jumped 700 points and started trading near 55,500. The PSU Bank index gained more than 1 percent, providing strong support to the Bank Nifty. Besides, Realty, Auto and NBFC indices gained more than 1 per cent each. However, the IT index declined by more than 1 percent; Barring Wipro, all other major IT stocks were trading in the red. A decline was also seen in Metal and Healthcare indices. India VIX was down 3.5 percent.
Will March’s mutual fund data change the market mood?
– In the month of March, retail investors invested huge capital in mutual funds.
Net inflows into equity funds increased from ₹25,977 crore to ₹40,450 crore.
– Equity assets under management (AUM) declined from ₹35.4 lakh crore to ₹31.98 lakh crore.
– This decline in AUM was mainly due to the sharp correction in the entire market.
– Record investment of ₹32,087 crore came through SIP (Systematic Investment Plan) in March.
– In a period of weakness in the market—especially in the month of March—the inflow of such huge capital was surprising.
– Wise investors took advantage of this decline in the market and increased their investments.
Why is such a strong rise being seen in the market?
– Impact of reduction in selling by FIIs
– Strength seen in global markets
– Round of talks between US and Iran
– The rise in crude oil prices stopped
Israel ready to negotiate with Lebanon, subject to certain conditions
Market mood improved due to strong performance in mid- and small-cap segments
– Bank Nifty again proved its lead at an important juncture
Why did TCS and IT stocks fall?
– Constant Currency (CC) revenue growth turned negative for the first time since 2004
– Revenue declined by 0.5% year-on-year in FY26
– IT shares had gained momentum even before the earnings results.
TCS had climbed 10% from its low and IT index had climbed 11.5%.
– Because of this investors booked profits
– IT shares had supported the market earlier also in times of weak market.
