Sensex Today Rallies 639 Points | Suzlon Energy Surges 5%, Grasim Industries 4% | 3 Reasons Why Indian Share Market is Rising

Thu, 28 Mar Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening the day on positive note, Indian share markets gained the momentum as the session progressed and ended on firm footing.

The Indian stock market indices witnessed a sharp rally on Thursday, with the benchmark Nifty 50 surging above the 22,400 level, amid cautiously positive global market cues. The market rally was led by across-the-board gains as all the sectoral indices traded in the green.

At the closing bell, the BSE Sensex stood higher by 639 points (up 0.9%).

Meanwhile, the NSE Nifty closed higher by 203 points (up 0.9%).

Grasim Industries, Eicher Motors and Bajaj Finance were among the top gainers today.

Axis Bank, Tech Mahindra and Britannia on the other hand, were among the top losers today.

The GIFT Nifty was trading at 22,477, up by 296 points, at the time of writing.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list

The BSE MidCap index ended 0.6% higher and BSE SmallCap index ended 0.3% higher.

Sectoral indices are trading on positive notw, with socks in metal sector, power sector and capital goods sector witnessing most buying.

Shares of L&T, Info Edge and ABB India hit their respective 52-week highs today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at 83.4 against the US$.

Gold prices for the latest contract on MCX are trading 0.3% higher at Rs 67,144 per 10 grams.

Meanwhile, silver prices were trading 0.2% lower at Rs 74,506 per 1 kg.

Here are three reasons why Indian Markets are rising today

#1 FII Flow

Foreign Institutional Investors (FIIs) continued to show their strong buying interest in the Indian stock market, indicating positive sentiment. FIIs net bought shares worth Rs 21.7 bn, while Domestic Institutional Investors (DIIs) purchased stocks worth Rs 11.9 bn on 27 March, provisional data from the NSE showed.

#2 Upbeat Global Markets

Upward momentum in global peers supported the rally in domestic equity markets. The US stock market indices ended higher on Wednesday, with the S&P 500 setting a closing record.

The Dow Jones Industrial Average rallied 1.2%, to 39,760.08, while the S&P 500 jumped 0.9%, to 5,248.49. The Nasdaq Composite ended 0.5%, higher at 16,399.52.

#3 Buying in Heavyweights

Rally in index heavyweights such as Bajaj Finance, Bajaj Finserv, Grasim Industries, Mahindra & Mahindra and ICICI Bank, among others lifted the Nifty 50 above the 22,300 level. Among Nifty 50 constituents, 48 stocks advanced, while only 2 stocks were trading in the red.

Speaking of stock markets, in 1947 a group of researchers at Bell Labs, a subsidiary of AT&T, invented the transistor, a switch that controls electric current.

A thriving industry grew up around California, outsourcing low-value tasks, such as chip assembly, to Asia, where labour was cheaper.

Japanese firms such as Toshiba and Fujitsu managed to take a share of some chip markets.

Decades later China's tech titans reduced the country's dependence on foreign chips.

Now it is India's turn.

Co-head of Research at Equitymaster, Tanushree Banerjee talks about how you could cash in, in her latest video.

Tune in to the below video:

Why Tata Elxsi Share Price is Rising

In news from the software sector, shares of Tata Elxsi gained 1.4% on 28 March after it forged a partnership with Germany-based Dräger to advance critical care innovation in India.

Tata Elxsi and Dräger, a global leader in medical and safety technology,

announced a collaboration to advance critical care innovation in India.

As part of this collaboration, Dräger is expanding its research and development presence by establishing a new Offshore Development Center (ODC) at Tata Elxsi's facility in Pune.

The development centre will unite talent from both organisations, dedicated to designing and developing innovative critical care medical devices for deployment in the Operation Theatre (OT) environment worldwide.

This central hub will oversee all aspects of critical care product development, from conceptualisation to product design, prototyping, and testing.

With India's semiconductor sector poised for takeoff, Tata Elxsi is ready to ride the wave, check out the top 5 Proxy Semiconductor Stocks to Add to Your Watchlist.

Why Tata Investment Corporation's Share Price is Rising

Moving on to news from the finance sector, shares of Tata Investment hit its 5% upper limit for the second session on 28 March on a report that the conglomerate was planning several initial public offerings (IPOs) over the next two or three years.

Companies whose IPOs could be in the pipeline are Tata Capital, Tata Autocomp Systems, Tata Passenger Electric Mobility, BigBasket, Tata Digital, Tata Electronics, Tata Housing, and Tata Batterie.

The Tata Investment stock has gained over 46% this year, so far.

Earlier this month, Tata Group company's shares gained as investors expected Tata Sons to get listed.

On 7 March shares of Tata Motors, Tata Chemicals, Rallis India, Tata Power, Nelco and Tata Investment surged up to 15% as the buzz around Tata Sons' expected IPO got louder.

However, the rally fizzled out after reports said that Tata Sons might not make its debut in the primary market.

Tata Investment, a subsidiary of Tata Sons since 2008, specialises in long-term investments like equity shares.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers