Page 4 - Sameet Chavan News Today

Indices extend gains and rise over 1% each. However, volatility might be in the cards ahead of the monthly derivatives expiry.

Investors await the US initial jobless claims data and consumer sentiment data due to be released on March 28.

Analysts expect benchmark indices to see some consolidation during this truncated week with slight volatility because of monthly expiry of derivatives contract also due on March 28.

In the absence of any significant selling pressure, market experts observed bullish sentiment intact, which could take markets at new life-time highs in the near-term

Indices extended losses weighed by financial services, IT, and automobile stocks. Iinvestors also turned cautious ahead of domestic and US inflation reports due on March 12.

Sensex Today: Get the latest updates on the stock market as Sensex surges by 1,000 points, propelling Nifty to an all-time high. Explore the five key reasons behind Friday's remarkable market rally at news18.

Analysts say volatility is likely to continue ahead of the monthly expiry but see the possibility of the Nifty hitting an all-time high

Analysts expect the sentiment in the market to continue to remain positive on the back of rate cut predictions by Fed Vice Chair Jefferson, Nvidias stock surge, and Indias projected FY25 GDP growth of 6.5 percent.

Analysts say banking stocks, which were trading down, have to be supportive for the benchmarks to scale new highs

For the Nifty, which turned flat after hitting the new high, to move higher, banking stocks will have to perform, say analysts