Sensex and Nifty gainers include BPCL, Tata Consumer Products, Eicher Motors, L&T, and Shriram Finance, while losers include NTPC, HDFC Bank, JSW Steel, IndusInd Bank, and Tata Steel.
Indian equity indices saw gains for the second consecutive session on April 22, easing Iran-Israel tensions. The Sensex and Nifty rose by 0.77 percent and 0.86 percent respectively.
Sectors and stocks
BSE midcap and smallcap indices closed 1% higher, with Hindustan Copper, Nalco, GNFC, Voltas, Hindustan Copper, Interglobe Aviation experiencing a volume spike of over 1,900%.
Over 200 BSE stocks reached their 52-week high, including Eicher Motors, Bharti Airtel, M&M, Century Textile, Hikal, Hindustan Copper, Jindal Steel, JSW Energy, Just Dial, Linde India, Lloyds Metals, Motilal Oswal, Siemens, Universal Cable, Va Tech Wabag, Voltas.
April 23 Forecast
The Nifty50 Index remained rangebound for most of the day, but a sharp uptick in the last hour pushed it higher to 22,336.40 with gains of 189.40 points. PSU Banks and Pharma led the day, with mixed market performance in midcaps and smallcaps.
Bulls dominate market, Nifty gains for second consecutive session, reclaiming near-term moving average. Positive sentiment expected, index could move towards 22,600-22,700, or consolidation.
| FII Sold | -2,915.23 Cr |
| DII Bought | 3,542.93Â Cr |
Indian Market Stocks
| Sensex | 560.29 | +0.77% | 73,648.62 |
| Nifty 50 | 189.40 | +0.86% | 22,336.40 |
| Nifty Bank | 350.75 | +0.74% | 47,924.90 |
Market Movers
| BPCL | 17.65 3.01% | NTPC | -7.65 -2.18% |
| TATA Cons. Prod | 32.85 2.89% | HDFC Bank | -19.10 -1.25% |
| Eicher Motors | 122.80 2.83% | JSW Steel | -10.00 -1.16% |
| Larsen | 94.35 2.68% | IndusInd Bank | -4.55 -0.31% |
| Shriram Finance | 58.10 2.46% | Tata Steel | -0.25 -0.15% |
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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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