Sensex and Top Nifty losers include Hero MotoCorp, HCL Technologies, Kotak Mahindra Bank, ICICI Bank, and SBI Life Insurance, while gainers include Tata Consumers Products, M&M, BPCL, Bajaj Auto, and Adani Ports.
The Indian benchmark indices, the Sensex and Nifty, fell slightly on April 2, with the Sensex down 110.64 points and the Nifty down 8.70 points. Top Nifty losers included Hero MotoCorp, HCL Technologies, Kotak Mahindra Bank, ICICI Bank, and SBI Life Insurance.
Sectors like realty, metal, oil & gas, media, power, and auto saw 1-2% growth, while information technology and telecom indices fell 0.5% each. BSE midcap and smallcap indices rose a percent each.
Sectors and stocks
BSE midcap and smallcap indices rose by 1% each
with individual stocks experiencing a volume spike of over 300 percent. Aditya Birla Fashion & Retail, Zee Entertainment Enterprises, and Crompton Greaves Consumer Electrical also experienced a significant increase. Other stocks reached their 52-week highs.
A long build-up was seen in Aditya Birla Fashion & Retail, Aditya Birla Capital and SAIL, while a short build-up was seen in Indiamart Intermesh, Vodafone Idea and Indus Towers.
April 03 Forecast
The Index experienced a reversal after a tepid opening, recovering most losses. Media and Realty sectors outperformed, while IT faced pressure. Broader markets continued strong outperformance, with Mid and Smallcaps gaining over 1%. A strong move above 22,500 could open the door for 22,640.
The Nifty opened flat and consolidated, closing slightly down about 9 points. The support zone is 22400-22350, and dips towards these zones should be used as buying opportunities. The hourly momentum indicator has a negative crossover, suggesting consolidation before the uptrend resumes. Bank Nifty is consolidating and likely to resume its up-move towards 47850-48000.
| FII Sold | -1,622.69 Cr |
| DII Bought | 1,952.72Â Cr |
Indian Market Stocks
| Sensex | -110.64 | -0.15% | 73,903.91 |
| Nifty 50 | -8.70 | -0.04% | 22,453.30 |
| Nifty Bank | -32.80 | -0.07% | 47,545.45 |
Market Movers
| TATA Cons. Prod | 44.25 4.07% | Hero Motocorp | -119.95 -2.56% |
| M&M | 56.00 2.92% | Kotak Mahindra | -33.30 -1.86% |
| Bajaj Auto | 233.95 2.59% | HCL Tech | -28.40 -1.82% |
| BPCL | 15.10 2.51% | ICICI Bank | -18.45 -1.68% |
| Adani Ports | 28.25 2.05% | SBI Life Insura | -19.35 -1.30% |
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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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