Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said.
Stock Market Updates: The March investment was mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners.
During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91.
Maharashtra Day: All major financial markets including BSE, National Stock Exchange and more will remain closed on Monday on account of Maharashtra Day.
Rallying for the fifth straight session, the 30-share BSE Sensex jumped 463.06 points or 0.76 per cent to settle at 61,112.44. During the day, it surged 560.08 points or 0.92 per cent to 61,209.46.
The stock of the telecom firm ended at Rs 6.48, a jump of 6.93 percent on the BSE. During the day, it zoomed 9.73 percent to Rs 6.65.
Blinkit delivery partners went on strike to protest reduction of payouts. According to reports it has come down to Rs 15 per order with a distance based fee component, down from a peak of Rs 50 per order last year.
UltraTech Cement, Titan, Reliance Industries, Bajaj Finance, Mahindra & Mahindra, ICICI Bank, Tata Consultancy Services, Tech Mahindra, ITC and HDFC Bank were among the major laggards.
Gold prices saw a minor decrease in prices with 24 carat gold at Rs 61,200 and 22 carat gold at Rs 56,100.
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