foreign fund inflows
| April 1, 2024, 11:53 a.m.
Stock Markets Open New Fiscal Year on Strong Note, Sensex and Nifty Hit Fresh Record Highs
The stock markets commenced the new fiscal year on a robust footing, with both the Sensex and Nifty reaching new record highs during intra-day trade. Supported by positive trends in Asian markets and increased foreign fund inflows, the Sensex surged by 363.20 points to settle at 74,014.55, while the Nifty climbed 135.10 points to reach 22,462. Metal stocks led the gains, buoyed by encouraging Chinese PMI data indicating economic recovery. The positive sentiment is bolstered by expectations of a Fed rate cut in June and strong domestic earnings growth forecasts for Q4FY24.
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