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From the Sensex pack, HCL Tech, Reliance and Tech Mahindra were the top gainers, rising over 2%. ICICI Bank, Power Grid, Nestle, M&M and Tata Steel also opened with gains.

Broke above consolidation zone of 74,60-6700 and sustaining above 20, 50, 100 and 200 SMAs .

At the interbank foreign exchange market, the rupee opened higher at 82.12 and stayed in the green in early trade. It moved in a range of 82.16 to 82.10 in early deals.

Kotak Mahindra Bank, incorporated in the year 1985, is a banking company (having a market cap of Rs 341815.26 Crore).

“After 4 back-to-back series of losses, there is some bounceback expected in the market, but we aren’t going to see any runaway rally,” said Rajesh Palviya, vice president - technical and derivative research, Axis Securities.

A total of 7,443 shares changed hands on the counter till time (IST).

With one day to go in the first quarter, the technology sector was up about 20% for the period, leading sector gains along with communication services, which is up about 18%. Nasdaq is on track for its biggest percentage quarterly gain since the end of 2020.

Three Fed officials kept the door open on Thursday to more rate hikes aimed at lowering high levels of inflation, with two noting banking sector problems could generate enough headwinds on the economy to help cool price pressures faster than expected.arket

The JPMorgan Hedged Equity Fund holds a basket of S&P 500 stocks along with options on the benchmark index and resets hedges once a quarter. The fund, which had about $14.71 billion in assets as of March 29, aims to let investors benefit from equity market gains while limiting their exposure to declines.

Fed funds futures are still split on whether the Federal Reserve will hike or not at the next policy meeting in May, while pricing in a rate cut by Novemeber. That compared with an overwhelming bet on a 25 basis point hike a month ago before the banking volatility started.