Sensex, Nifty‘s top gainer’s were Grasim Industries, Bharti Airtel, Nestle India, Maruti Suzuki, and HCL Technologies, while Sun Pharma, BPCL, Reliance Industries, M&M, and Hindalco Industries were the biggest losers.
The Indian market ended the third session higher for a row, with the Sensex up 89.83 points at 73,738.45 and the Nifty up 31.60 points at 22,368. The market squandered most gains in last-hour selling.
The market opened green amid positive global cues, easing fears of West Asia escalation, but profit booking erased most gains in the final hour.
Sectors and stocks
Sectors like healthcare, metal, oil & gas, and energy experienced a decline, while FMCG, power, IT, realty, and auto saw gains.
The BSE midcap index rose 0.5%, while the smallcap index gained a percent. Balrampur Chini Mills, Bandhan Bank, and Metropolis Healthcare experienced a volume spike of over 900 percent.
Over 250 BSE stocks reached their 52-week high, including Aditya Birla Capital, Amara Raja Batteries, Arvind, Bharti Airtel, Cochin Shipyard, Cummins India, Eicher Motors, Grasim Industries, Indraprastha Gas, LIC Housing Finance, Maruti Suzuki, Max Financial, MOIL, Sobha, Sterling Wilson.
April 24 Forecast
The Range Bound trade ended higher at 22,368 with gains of 31.60 points. Realty gained over 2.6%, followed by FMCG and Media. Pharma corrected the most. Chemical and Railway counters regained momentum, while Mid and Small Caps gained over 1%. The Index found resistance at the bearish gap zone of 22,430-22,500, needing to fill to extend its uptrend. 22,190 (50 DMA) will continue as support.
The Nifty remained sideways due to no directional breakout, but the overall trend remains positive. The Relative Strength Index (RSI) indicates a bullish crossover. The 22350-22400 range is likely a resistance zone, while 22250 is a support level, which could weaken the bullish sentiment.
| FII Sold | -3,044.54 Cr |
| DII Bought | 2,918.94Â Cr |
Indian Market Stocks
| Sensex | 89.83 | +0.12% | 73,738.45 |
| Nifty 50 | 31.60 | +0.14% | 22,368.00 |
| Nifty Bank | 45.55 | +0.10% | 47,970.45 |
Market Movers
| Grasim | 89.60 3.93% | Sun Pharma | -55.45 -3.60% |
| Bharti Airtel | 44.80 3.45% | BPCL | -10.45 -1.73% |
| Nestle | 42.55 1.73% | Reliance | -41.05 -1.39% |
| Maruti Suzuki | 210.75 1.65% | M&M | -28.05 -1.34% |
| HCL Tech | 20.75 1.42% | Hindalco | -6.75 -1.09% |
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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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