New Records:- All sectoral indices, except pharma, ended in the green, with media, PSU Bank, FMCG, metal, oil & gas stocks increasing by 1-2 percent.
Indian equity indices ended higher on April 10, with the Nifty hitting a record high. The Sensex and Nifty rose by 0.47 percent and 0.49 percent respectively. The market will remain closed on April 11 due to Ramzan Id.
The Nifty saw gains in Coal India, BPCL, Kotak Mahindra Bank, ITC, and Hindalco Industries, while losses included Cipla, Maruti Suzuki, HDFC Life, Divis Labs, and SBI Life Insurance.
Sectors and stocks
The BSE Midcap and Smallcap indices saw a 0.5% increase, with individual stocks like Atul, Navin Fluorine International, and United Spirits experiencing a volume spike of over 300%.
Vedanta, Navin Fluorine International, and United Spirits experienced a long build-up, while Info Edge, Tata Communications, and Cipla experienced a short build-up. The biggest gainer was coal India, which saw a 3.75% increase.
Over 150 BSE stocks reached their 52-week high, including Aarti Industries, ICICI Bank, NTPC, M&M, Aegis Logistics, Castrol India, HEG, Honeywell Automation, Inox Green, Interglobe Aviation, KSB Pumps, Laurus Labs, Lloyds Metals, PB Fintech.
April 12 Forecast
The Nifty remained sideways today, waiting ahead of US CPI inflation data, which could impact Fed rate cuts. Resistance is at 22,700-22,750, with support at 22,600. A move above 22,750 could trigger a rally towards 23,000. Buying on dips and selling on rallies is a good strategy.
Indian bourses opened strong at 22,700, with a sharp increase in Banking and FMCG counters pushing the Index higher to a record closing of 22,753.80. Metal stocks contributed the most to the rally, while Pharma and Auto were losers. Mid and Small Caps outperformed the Nifty50, with gains of 0.97% and 0.73% respectively. The Nifty50’s chart set-up suggests an extension of the current up move to 23,000.
| FII Bought | 2,778.17 Cr |
| DII Bought | 163.36Â Cr |
Indian Market Stocks
| Sensex | 354.45 | +0.47% | 75,038.15 |
| Nifty 50 | 111.05 | +0.49% | 22,753.80 |
| Nifty Bank | 256.05 | +0.53% | 48,986.60 |
Market Movers
| Coal India | 16.50 3.75% | HDFC Life | -12.45 -1.96% |
| BPCL | 19.00 3.24% | Cipla | -27.35 -1.89% |
| Kotak Mahindra | 45.35 2.55% | Divis Labs | -65.85 -1.73% |
| ITC | 10.60 2.49% | Maruti Suzuki | -205.25 -1.59% |
| Hindalco | 14.45 2.45% | Shriram Finance | -22.35 -0.88% |
Must read book about investing – check here New Records:New Records New Records New Records New Records Investors see optimism in economic momentum, with political continuity as a positive factor. Auto, energy, infra, metal, and realty sectors saw gains, while PSU bank, IT, and media indices fell. Exide Industries, Everready Industries, and Voltas experienced a volume spike.
Sensex Sensex Sensex
Sensex After four weeks of increases, Sensex and Nifty fell 2% for the first time After four weeks of increases, Sensex and Nifty fell 2% for the first time
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
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