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The Reserve Bank of India has announced a fresh open market operation to purchase government securities worth Rs 50000 crore on March 25 to ease the market liquidity condition.
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Amid market volatility, nine ET 500 companies, including Dixon Technologies, Zomato, and Suzlon, have exceeded FY24 revenue and profit levels in nine months of FY25, demonstrating strong financial performance despite uncertain demand.
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The Indian rupee gained 23 paise, closing at Rs 86.57 against the dollar, its highest in over three weeks, supported by dollar inflows and exporter sales. Strong economic data, foreign fund inflows, and a weaker dollar index contributed to the rise, while RBI intervened to rebuild forex reserves.
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Dhwani Patel, Founder of Finversify, highlights a strong market rally driven by bullish sentiment. Nifty is holding above 22,600, aiming for 23,000, while Bank Nifty has broken past 48,800. Sectors like auto, metals, and PSU banks are leading gains, with Hindalco and Sun Pharma emerging as key stock picks.
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