Record High
Record high on Sensex, Nifty Set New Highs, Investors Await RBI Policy Sensex and Nifty reached new all-time highs of 74,501.73 and 22,619 early in the day, but some gains were reduced as the session progressed.
Indian benchmark indices reached record highs on April 4, despite some losses, and closed in the green. The Sensex ended 350.81 points higher at 74,227.63, while the Nifty closed 80 points higher at 22,514.70.
The market started at record highs but erased gains in the initial hours, gyrating between gains and losses throughout the session.
Sectors and stocks
The Nifty index saw gains for HDFC Bank, Eicher Motors, Asian Paints, Tech Mahindra, and Titan Company, while losses were ONGC, Shriram Finance, Adani Ports, BPCL, and Bharti Airtel. Sectors like bank, power, and information technology saw increases, while PSU bank and oil & gas index fell.
Ipca Lab, Vedanta, and Bandhan Bank experienced a long build-up, while Dabur India, Colgate Palmolive, and HPCL experienced a short build-up. Over 200 stocks reached their 52-week high, including Aditya Birla Capital, Adani Power, Ajmera Realty, Avenue Supermarts, Canara Bank, GE Power India, Genesys International, Glenmark Pharma, Grasim Industries, and more.
April 05 forecast
The Nifty gained nearly 5% after a volatile session, with the index recouping losses and eventually settling at 22,514.65 level. Sectoral trends were mixed, with FMCG and energy closing in red, while smallcap gained nearly 5%. The pace of advance depends on the performance of banking and IT majors, and participants should continue with the “buy on dips” approach and focus on stock selection.
Today’s trade saw extreme volatility as the Index started at a record level of 22,600. However, it fell quickly, with IT and Banking counters leading the recovery to end the session higher at 22,514.65. Broader markets showed disparity, with Midcaps underperforming and Smallcaps performing well. The Index made a Hanging Man candlestick pattern at record levels, but a close above 22,600 negates the bearish candle’s implications.
| FII sold | -1,136.47Â Cr |
| DII sold | -893.11Â Â Cr |
Indian Market Stocks
| Sensex | 350.81 | +0.47% | 74,227.63 |
| Nifty 50 | 80.00 | +0.36% | 22,514.65 |
| Bank Nifty | 436.55 | +0.92% | 48,060.80 |
Market Movers
| HDFC Bank | 45.30 3.06% | ONGC | -6.25 -2.27% |
| Eicher Motors | 80.10 2.04% | Shriram Finance | -49.05 -1.92% |
| Tech Mahindra | 24.10 1.92% | Adani Ports | -25.20 -1.80% |
| Titan Company | 70.25 1.89% | BPCL | -9.65 -1.58% |
| Asian Paints | 48.95 1.71% | SBI | -9.15 -1.19% |
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