The BSE Sensex climbed 568.38 points, or 1.17 percent, to close at 49,008.50 on March 26 while the Nifty50 rose 182.40 points, or 1.27 percent, to 14,507.30. According to pivot charts, the key support levels for the Nifty are placed at 14,423.37, followed by 14,339.43. If the index moves up, the key resistance levels to watch out for are 14,582.07 and 14,656.83.
Stay tuned to Moneycontrol to find out what happens in the currency and equity markets today. We have collated a list of important headlines across news platforms that could impact Indian as well as international markets:
US Markets
The S&P 500 ended just slightly in the red on Monday, with bank shares falling amid warnings of potential losses from a hedge fund’s default on margin calls, while optimism over the economy limited the day’s declines.
The Dow Jones Industrial Average rose 98.49 points, or 0.3%, to 33,171.37, the S&P 500 lost 3.45 points, or 0.09%, to 3,971.09 and the Nasdaq Composite dropped 79.08 points, or 0.6%, to 13,059.65.
FII and DII data
Foreign institutional investors (FIIs) net sold shares worth Rs 50.13 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 1,703.14 crore in the Indian equity market on March 26, as per provisional data available on the NSE
India's forex reserves rise to $582 billion
The country’s foreign exchange (forex) kitty rose $233 million to $582.271 billion in the week to March 19, the Reserve Bank of India (RBI) said on Friday. The overall reserves had risen $1.74 billion to $582.04 billion in the previous reporting week.
The increase in the overall reserves during the reporting week was largely on account of swelling of the foreign currency assets, which rose from $157 million to $541.18 billion.
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