Finance News
10 significant changes in the Indian stock market overnight: 1. Nifty and S&P 500 hit record highs 2. Oil prices saw a significant increase 3. Major shifts in key market indicators 4. Volatility in the market 5. Rise in trading volumes 6. Changes in stock prices 7. Fluctuations in key sectors 8. Impact of global economic factors 9. Investor sentiment and market outlook 10. Potential implications for future market performance

Here are ten significant changes that occurred in the Indian stock market overnight, including the surge of Nifty and S&P 500 to record highs, as well as fluctuations in oil prices.,
Asian markets traded lower, while the US stock indices ended higher overnight with the S&P 500 hitting a record closing high ahead of key economic data.
Investors will watch out for the US Personal Consumption Expenditures Price Index (PCE), the US Federal Reserve’s preferred inflation gauge, due on Good Friday, when the stock markets will remain closed.
On Wednesday, the Indian stock market indices ended with decent gains led by a rally in index heavyweights, with the benchmark Nifty 50 closing above the 22,100 level.
The Sensex rallied 526.01 points, or 0.73%, to end at 72,996.31, while the Nifty 50 settled 118.95 points, or 0.54%, higher at 22,123.65.
Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — March 28
“Stock-specific actions and positive undercurrents due to a healthy economic growth forecast led the market towards a positive closure. However, due to the holiday-led truncated week, investors are now focusing on US GDP data and next week’s RBI policy announcement to gauge market direction,” said Vinod Nair, Head of Research, Geojit Financial Services.
The mid- and small-cap space are outperforming as investors got bargaining opportunities, but volumes are low, Nair noted.
Here are key domestic and global market cues for Sensex today:
Asian Markets
Asian markets traded lower on Thursday, while the Australian stocks hit a record high. Japan’s Nikkei 225 declined 0.98%, while the Topix plunged 1.08%. South Korea’s Kospi fell 0.19%, while Hong Kong’s Hang Seng index futures indicated a lower opening.
Gift Nifty Today
Gift Nifty was trading around the 22,173 level, a premium of nearly 6 points from the Nifty futures’ previous close, indicating a flat start for the Indian stock market indices.
Also Read: Day trading guide for today: Seven stocks to buy or sell on Thursday — March 28
Wall Street
US stock market indices ended higher on Wednesday, with the S&P 500 setting a closing record, ahead of the inflation data and US Federal Reserve commentary that would signal its interest rate path.
The Dow Jones Industrial Average rallied 477.75 points, or 1.22%, to 39,760.08, while the S&P 500 jumped 44.91 points, or 0.86%, to 5,248.49. The Nasdaq Composite ended 83.82 points, or 0.51%, higher at 16,399.52.
Among stocks, Merck & Co shares rose 4.96%, while Trump Media & Technology Group shares jumped 14.19%. Nvidia shares declined 2.5% and GameStop shares plunged 15.03%.
Fed Governor Waller
The US Federal Reserve Governor Christopher Waller said there is no rush to cut interest rates, emphasizing that recent economic data warrants delaying or reducing the number of cuts seen this year, Bloomberg News reported. Calling the recent inflation figures “disappointing”, Waller said he wants to see “at least a couple months of better inflation data” before cutting rates.
Also Read: Dividend stocks: SBI Cards, REC, CRISIL among 9 stocks to trade ex-dividend today
US Dollar
The US dollar jumped against major currency peers on Thursday. The dollar index, a measure of the greenback against major peer currencies, ticked up and last held at 104.41. The Japanese Yen fell to its 34 years-low against the greenback and reached 151.975 on Wednesday, its strongest against the yen since mid-1990, last traded at 151.37.
Bank of Japan Meeting Minutes
The Bank of Japan’s board was divided on whether the economy was strong enough to weather the end of its negative interest rates policy as many policymakers saw the need to go slow in phasing out ultra-loose monetary policy with one board member saying the economy’s health did not warrant rapid interest rate hikes, a summary of opinions at the bank’s March meeting showed.
Oil Prices
Crude oil prices rose to head for a strong quarterly gain led by expectations of OPEC supply cuts. West Texas Intermediate rose 0.49% to $81.75 a barrel after a modest two-day drop, with Brent crude rising 0.31% to $86.36.
Govt’s Borrowing Plan
The central government will borrow ₹7.50 lakh crore in the first half of the upcoming financial year, 53% of its overall FY25 target. The borrowing for FY25 would be done by issuing dated government securities along with ₹12,000 crore of sovereign green bonds. The borrowing from the market was pegged at ₹14.13 lakh crore in the interim budget for FY25.
Read here: Centre to borrow ₹7.5 trillion in April-September FY25
T+0 Settlement Cycle
Stock exchanges BSE and NSE have released the list of 25 stocks that will be eligible for the shortened T+0 settlement cycle from today, March 28. The T+0 settlement will be optional for these 25 stocks and applicable only for trades executed between 9:15 am and 1:30 pm. Check full list here
Nifty Indices Rejig
The semi-annual rebalance of Nifty indices will come into effect today, with adjustments being done on March 27. The Nifty indices rejig is estimated to lead to inflows worth $652 million in stocks such as Shriram Finance, HDFC Bank, Jio Financial Services, NTPC, Adani Power, and some others.
(With inputs from Agencies)
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Published: 28 Mar 2024, 07:23 AM IST
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Finance News
Flags of Valor employs military veterans to create patriotic products

Brian Steorts, a combat veteran who founded Flags of Valor in 2015, said his flag-making business believes in the “American supply chain, the American worker and the American spirit.”
For Flags of Valor – a veteran-owned and operated business that has shipped more than 96,000 flags to doorsteps nationwide – the phrase “made in America” lies at the foundation of everything it stands for.
“For over 10 years, we’ve been saying the same thing – we build American products, on American wood, with American tools, made by American hands,” Flags of Valor founder and military veteran Brian Steorts told FOX Business. “And we do it while giving back to the causes that matter – supporting veterans, educating youth, and honoring service and sacrifice at every step.”
VETERANS SHARE PATRIOTISM, PRIDE AND PRODUCTIVITY WHILE ALSO PROMOTING ‘MILITARY WORK ETHIC’
Founded in Virginia in 2015, Flags of Valor is known for its handcrafted, wooden U.S. flags, as well as military and first responder flags. The business currently has 10 employees, the majority of whom are veterans and military spouses.

Flags of Valor currently has 10 employees, the majority of whom are veterans and military spouses. (Flags of Valor)
Each material used by the Flags of Valor team – from the woodworking tools to the tape for the shipping boxes – is sourced from American companies, according to Steorts.
FROM BOMB SQUAD TO BAKER AND COFFEE MAKER: FORMER DEPUTY CRUSHES A NEW BUSINESS
“We believe that’s the only way it should be done,” Steorts said.
Steorts, a combat veteran who was deployed nine times, served in the U.S. Army as a paratrooper and later as an Air Force special operations pilot.
In 2013, he got into woodworking after returning from one of his deployments injured and “mentally and physically” broken, he said. During that same time period, Steorts also lost four friends in combat and his sister to mental health struggles.

Founded in Winchester, Virginia, in 2015, Flags of Valor is known for its handcrafted, wooden U.S. flags, as well as military and first responder flags. (Flags of Valor)
“I wanted something patriotic on the wall of my house – something that meant something,” Steorts said. “I found therapy in [woodworking], and I found philanthropy in it by donating my first couple of flags to the widows of my buddies that passed, and I just knew I wanted to do more.”
While Flags of Valor’s best-selling products today are its wooden U.S. flags, the business also sells patriotic home and office decor, awards, memorial displays, corporate gifts, employee recognition pieces, Christmas ornaments, clothing and accessories, and more, Steorts said.
“One of the most important things we’re doing right now is building memorial flag cases – because our heroes deserve a final resting place for their flag that’s made by a veteran-owned American company, not mass-produced overseas,” he said.

Flags of Valor Founder Brian Steorts is pictured with U.S. President Donald Trump at the White House in 2017. (Flags of Valor)
In addition to employing veterans, Flags of Valor has also given back by donating $1.7 million to veteran-operated nonprofits.
During the COVID-19 pandemic, the company also launched a Kids Flag Building Kit, a hands-on activity to help educate children about the history and values the American flag represents. Each year, during the weeks of Veterans Day and Memorial Day, thousands of students across the nation use the kits to create their own American flags.
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“We believe in educating our youth and passing freedom on to the next generation,” Steorts said. “It’s more than a project – it’s about patriotism, education and preserving what matters most.”
Finance News
Consumers may face higher beef prices from businesses

FOX Business correspondent Jeff Flock discusses the record ground beef prices due to supply issues on ‘Varney & Co.’
High beef prices have been weighing on U.S. businesses and consumers.
They have forced some businesses to make tough decisions about how to handle the increased costs, and some are passing the costs on to customers.
Rob Passio, the owner of Lombardi’s Prime Meats in Philadelphia, told FOX Business correspondent Jeff Flock on “Varney & Co” that “there’s only so much you can absorb as far as the hit to your bottom line before you say to yourself you have to raise these prices.”
The butcher shop, Passio said, hasn’t seen its customers balk at higher prices “because they see it.”
EGGS ARE NOT THE ONLY EXPENSIVE FOOD: BEEF PRICES ARE ALSO ON THE RISE

Organic ground beef Oct. 30, 2020, in Bavaria, Nuremberg (Daniel Karmann/picture alliance via Getty Images / Getty Images)
“They see the inflation. They see the pricing. You know, everything is up,” he told Flock.
Bureau of Labor Statistics inflation data measured by the consumer price index (CPI) showed prices for beef and veal were up 2.4% month-over-month and 7.6% year-over-year in February.
The overall CPI posted a 0.2% increase month-over-month and a 2.8% jump year-over-year.
Courtney Schmidt, sector manager at Wells Fargo Agri-Food Institute, told FOX Business last month that high beef prices were driven by tighter U.S. beef production with consistent consumer demand.
The U.S. cattle herd is experiencing a down cycle, with cattle inventories at historically low levels in 2025, according to Schmidt.

Demand for beef has remained strong since the pandemic, according to the American Farm Bureau Federation. (Kennedy Hayes/Fox News / Fox News)
The U.S. Department of Agriculture (USDA) reported in late January that U.S. farms had 86.7 million head of cattle and calves. The count for beef cows specifically was 27.9 million, a decline of 1% compared to the same time last year, according to the USDA.
“I know they’re killing smaller cattle, so they’re trying, I guess, to kill them faster to create the supply that demand is needing,” Passio said.
Some big companies source beef from Canada and Mexico, Flock reported on “Varney & Co.”
GET FOX BUSINESS ON THE GO BY CLICKING HERE
President Donald Trump imposed 25% import tariffs on goods entering the U.S. from those two countries March 4 and, more recently, introduced exemptions for Mexico and Canada on goods under the United States-Mexico-Canada Agreement until early April.
Such a levy on imported beef would “increase the price,” according to Passio, adding that consumers “are going to pay for it.”
“My philosophy is to sell it as low as you can to show a savings, a value to the customer. And hopefully you have more customers to generate your revenue,” the Lombardi Prime Meats owner told Flock.

Packages of beef are displayed for sale at a supermarket Jan. 12, 2023, in Foster City, Calif. (Liu Guanguan/China News Service/VCG via Getty Images / Getty Images)
In the U.S., ground beef averaged $5.63 per pound in February, while the per-pound price of boneless sirloin steak came in at $11.90, according to data from the Federal Reserve Bank of St. Louis. Those average prices were 9.6% and 1.6% higher, respectively, than the same month in 2024.
EGG PRICE SPIKE: WE ARE ‘PAST THE TOUGH PART,’ AGRICULTURE SECRETARY ROLLINS SAYS
The USDA projected in a report released this month that U.S. beef production is poised to amount to 26.685 billion pounds this year.
Daniella Genovese contributed to this report.
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