Sensex, Nifty Shut on Account of Mahavir Jayanti Festival | Today Stock Market Outlook 29 March 2018.

STOCK MARKET UPDATE

The country’s pioneer stock exchanges, BSE and the National Stock Exchange (NSE) are shut on Thursday on account of Mahavir Jayanti festival.

In fact, the session also saw expiry of March series’ derivative contracts. For the series, both Nifty and Sensex lost a little over 2 percent for the series. Wednesday also marked the end of financial year for the market, with the next session lined up only on April 2, 2018.

The market closed the last day of financial year 2017-18 on a weak note on Wednesday after gains seen in previous two consecutive sessions, tracking global weakness. All sectoral indices ended in the red barring IT.

For the financial year 2017-18, the Sensex rallied 11.3 percent and the Nifty surged 10 percent while the Nifty Realty was the biggest gainer with nearly 38 percent upside.

Both benchmark indices ended the truncated week up by 1.1 percent each while both lost more than 2.5 percent in March series.

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