Share Market on March 26, 2024, witnessed a series of significant events after Holi | Finance | India | The Amit Gahlyan

The Indian share market on March 26, 2024, witnessed a series of significant events that impacted investors and the market landscape. The day started with the news of consumer sales being increasingly driven by credit-based schemes, with sales backed by no-cost or low-cost EMIs, longer-tenure loans, and zero-down payment options contributing nearly 45% of industry sales. This shift towards credit-based purchasing indicates a changing consumer behavior in the Indian market.

Additionally, the residential property sector experienced a rise in unsold inventory due to a sharp increase in prices, which went up by 15-35% in 2023, especially in key markets like the National Capital Region (NCR), Hyderabad, and Mumbai. This price surge has also led to an increase in speculative demand, particularly in the NCR market, which may deter end-users and result in higher unsold inventory levels as speculative buyers attempt to offload their units.

In the corporate sector, the Indian Oil Corporation's share price saw an uptick of 0.43%, closing at 164.45 per share and trading at 165.15 per share by the end of the day. Investors are advised to keep a close watch on the stock's performance in the coming days and weeks to gauge the impact of market movements and news on its valuation.

The stock market also reopened after the Holi holiday, with six new Initial Public Offerings (IPOs) making their debut, adding to the excitement and opportunities for investors. Market analysts anticipated under buying and selling volumes and limited market cues but warned of potential volatility due to the March Futures & Options (F&O) expiry and the financial year-end approaching.

Overall, the day was marked by a blend of consumer behavior shifts, real estate market fluctuations, corporate updates, and new investment opportunities, reflecting the dynamic nature of the Indian share market. 

For detailed insights and updates, investors can refer to the comprehensive reports provided by financial news outlets.