Top 10 Insights: Key Things to Know Before the Market Opens Today

– The Sensex and Nifty indices are expected to begin April 1 positively, with trends in the GIFT Nifty indicating a higher start for the broader index with an increase of 63.50 points.
– Market witnessed substantial gains on the last day of FY24 and continued the winning streak for the second consecutive session on March 28, driven by buying across various sectors.
– Closing figures indicate the Sensex surged by 655.04 points or 0.90 percent to 73,651.35, while the Nifty rose by 203.20 points or 0.92 percent to 22,326.90.
– The pivot point calculator suggests potential resistance levels for the Nifty 50 at 22,359, followed by 22,553 and 22,688, with support levels anticipated at 22,201, 22,118, and 21,983.
– The S&P 500 ended the week with marginal gains on Thursday, marking its strongest first quarter in five years, as investors analyzed economic data and awaited the next inflation reading.
– Asian markets traded firmly in early trade on Monday, assessing China’s business activity for February and anticipating economic data from Japan.
– China’s National Bureau of Statistics reported manufacturing activity expansion in March, with the purchasing managers index at 50.8, up from February’s 49.1.
– India’s eight core sectors registered a growth of 6.7 percent in February, according to data from the Ministry of Commerce and Industry.
– The US economy’s growth for the last quarter was revised slightly upwards to a healthy 3.4% annual rate.
– US consumer sentiment surpassed estimates in March, reaching nearly a three-year high, with expectations for inflation softening.
– India’s foreign exchange reserves reached a record high of $642.63 billion as of March 22.
– Canara Bank plans to dilute a 13% stake in Canara Robeco Asset Management Company through an initial public offering.
– India’s GDP is expected to grow by 8% or more in the quarter ending March 31, according to Finance Minister Nirmala Sitharaman.
– Infosys is set to receive a tax refund of Rs 6,329 crore from the income tax department but faces a significant tax liability of Rs 2,763 crore, as per assessment orders.
– Foreign institutional investors (FIIs) net bought shares worth Rs 188.31 crore, while domestic institutional investors (DIIs) purchased stocks worth Rs 2,691.52 crore on March 28, according to provisional data from the NSE.
– Information sourced from Reuters and other agencies.