March 28, New Delhi: Financial stocks lifted the BSE Sensex 758 points, or 1.04 percent, to 73,755 points on Thursday.
The Bajaj twins—Bajaj Finserv and Bajaj Finance—are leading the push, up over 4%.
the State Bank of India ,ICICI Bank, and HDFC Bank are all up over 1%.
IT giants Infosys, Wipro, and TCS all up over 1%.
Geojit Financial Services Chief Investment Strategist V. K. Vijayakumar said the significant Nifty surge on Wednesday reinforced the rising trend projected from early April.
The massive market liquidity flows are driving the rally. The market has been resilient thanks to DIIs investing Rs 24,373 crore in the previous seven trading days.
Since market flows aren’t slowing, a race for high-quality equities with growth potential is anticipated, he added.
Market trends include L&T, Siemens, Cummins, and ABB’s consistent success. This tendency will certainly continue, he added.
Pharma is also doing well. Since value comfort exists in the PSU Bank Index, which returned 90% in FY24, it has more potential to rise, he noted.
