Stock Market Today: GIFT Nifty indicates a bullish start; Bank of India, Mahindra & Mahindra in focus

Stock Market Today: GIFT Nifty on the NSE IX increased by 18.5 points, or 0.09 percent, at 21,718.50 on Thursday, indicating that Dalal Street was off to a good start. On the daily chart, the Nifty finished the day 74 points higher, finding support close to the 20-DMA and forming a Bullish Piercing candlestick pattern that suggests possible bullish momentum. On the strength of gains in US technology shares, Tokyo stocks opened higher on Thursday, with Japan's blue chips trading at their highest levels in more than thirty years.Early trading saw a 1.56 percent increase in the Nikkei 225 index, or 538.91 points, to 34,980.63, while the Topix index as a whole gained 1.55 percent, or 37.98 points, to 2,482.46.

Stock Market Today: Stocks in focus

Mahindra & Mahindra

Through a primary issue and an offer-for-sale, the business and Mahindra Susten will lower their respective stakes in Sustainable Energy Infra Trust to 10.5 percent and 15 percent. The pre-offer shows that the company's stake in Sustainable Energy Infra Trust is 15.7 percent, while Mahindra Susten, a subsidiary of Mahindra Holdings, has a 73.9 percent stake.

Bank of India

In the quarter ended December FY24, the public sector lender's total business increased 9.9 percent year on year to Rs 12.76 lakh crore, with deposits increasing 8.66 percent to Rs 7.10 lakh crore and gross advances increasing 11.49 percent to Rs 5.66 lakh crore. Domestically, total deposits increased by 7.62 percent to Rs 5.99 lakh crore in Q3 FY24, while advances increased by 11.60 percent to Rs 4.76 lakh crore.

Metro Brand

Due to personal reasons, Deepika Deepti resigned from her position as the company's senior vice president of marketing on March 26. She was a member of the company's senior management. Alisha Malik, the president who oversaw the marketing department before, will take over in an acting capacity until a replacement is named.

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