Stocks rebound on positive outlook

March 30, 2015 04:23 pm | Updated November 16, 2021 05:11 pm IST - Mumbai

NEW DELHI:  BSE SENSEX/NSE NIFTY. PTI GRAPHICS(PTI3_30_2015_000110B)

NEW DELHI: BSE SENSEX/NSE NIFTY. PTI GRAPHICS(PTI3_30_2015_000110B)

Stock indices gained smartly on Monday as market participants expect good fourth quarter financial results and a positive outlook for the economy, which is likely to be announced by the Reserve Bank of India (RBI) in its forthcoming policy on April 7. 

The benchmark Bombay Stock Exchange (BSE) 30-share Sensitive Index (Sensex) regained 517.22 points or 1.88 per cent to close at 27975.86. It also touched an intra-day high of 28017.97.

Among the broader indices, BSE 100 was up by 1.81 per cent,  BSE 200 gained 1.74 per cent and BSE 500 surged by 1,81 per cent. While the mid-cap stock gained 1.93 per cent, small-cap shot up by 3.40 per cent.

Capital good stocks gained the most at 2.82 per cent followed by realty 2.19 per cent and FMCG 2.11 per cent. Bank stocks gained 1.80 per cent, due to relaxation of provisioning rules for bad loans by the central bank.

On the National Stock Exchange (NSE), the 50-share Nifty closed at 8492.30 with a gain of 150.90 or 1.81 per cent.

“Reduction in crude prices and improvement in futures & options (F&O) liquidity, post a poor March expiry, provided essential support to the market,” said Vinod Nair, Head -Fundamental Research, Geojit BNP Paribas Financial Services.

According to him , the immediate factors which would impact the markets would be the RBI’s monetary policy review on April 7 and the forthcoming fourth quarter financial results.

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