Trading economics-

The BSE Sensex added 639 points, or 0.9%, to close at an over two-week high of 73,651.4 on Thursday, the final trading session of fiscal year 2024. Financials were the top performers, after the central bank eased recently tightened rules for lenders' investments in alternative investment funds (AIFs). The Reserve Bank of India on Wednesday relaxed norms which required lenders to set aside higher provisions if they bought into alternative investment funds. In the meantime, Bajaj Finserv and Bajaj Finance added 4% and 3.1%, respectively, after it was reported that housing finance arm Bajaj Housing Finance initiated preliminary talks for a potential initial public offer. All major sectors rose in FY24, with real estate, auto, and state-owned banks advancing the most between 80% and 140%. The benchmark index has advanced 2.65% in the January-March quarter, extending gains for four straight quarters in a row, besides logging a second straight weekly gain of 1.4%.