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HomeNewsIndian NewsNew Records: Nifty, Sensex Scale Greater Peaks, Closing at All-Time Highs

New Records: Nifty, Sensex Scale Greater Peaks, Closing at All-Time Highs

New Records:- The Nifty and Sensex reached new all-time highs in today’s session, but some early gains were reduced to settle around the day’s highs.

The Nifty 50 and Sensex reached New Records highs on April 8, driven by global market cues, large-cap auto names, and index heavyweights like Reliance Industries, with Sensex up 494.28 points.

Top Nifty gainers included Mahindra & Mahindra, Eicher Motors, Maruti Suzuki, and Reliance Industries, while losers included Wipro, LTIMindtree, Adani Ports, Nestle India, and Apollo Hospitals.

Sectors and stocks

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.

Over 200 stocks reached 52-week highs, with long build-ups in Exide, InfoEdge, Voltas, Laurus Labs, and short build-ups in REC, Granules India, PNB, and CONCOR.

April 09 Forecast

The Nifty rose by 0.7%, closing at 22,666.30 levels. Sectors like auto, energy, and realty contributed to the move. Despite a week-long consolidation phase and a new record high for the banking index, momentum is missing. Mixed global cues may result in intermediate dips, requiring traders to add quality names.

Nifty’s near-term trend is positive, with range movement suggesting potential swings. Watch for expansion around 22,600 and 22,300 levels, with a move above could bring upside, and below below could open weakness.

FII Sold-684.68 Cr
DII Bought 3,470.54 Cr
as per last trading session

Indian Market Stocks

Sensex494.28+0.67%74742.50
Nifty 50152.60+0.68%22666.30
Nifty Bank88.65+88.65%48581.70
as per closing Bell

Market Movers

Eicher Motors36.00 2.06%Adani Ports-26.90 -1.96%
Maruti Suzuki21.55 1.47%Nestle-39.60 -1.56%
M&M64.80 3.22%Apollo Hospital-136.65 -1.49%
NTPC8.95 2.52%Bajaj Finance-90.00 -1.41%
JSW Steel19.35 2.26%Wipro-5.15 -1.06%
as per closing Bell

Must read book about investing – check here 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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Market Rally Halts Market Rally Halts Market Rally Halts Market Rally Halts

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