Stock Market Highlights, April 4: Sensex ends 351 pts higher, Nifty tops 22,500; HDFC Bank gains 3%, DMart 4%
Stock market Update on Thursday, April 04: In the broader markets, the BSE MidCap and SmallCap indices ended mixed with the former down 0.1 per cent but the latter up 0.56 per cent
 "Stock Market Highlights, April 4: Sensex ends 351 pts higher, Nifty tops 22,500; HDFC Bank gains 3%, DMart 4%")
Closing Bell on April 4: Equity markets charted a U-shaped trajectory on Thuraday, starting and ending the session with healthy gains. The S&P BSE Sensex hit a record high of 74,502 in the early hours, before turning lower for better part of the day. The index gained strength again in the fag-end, closing at 74,228, up 351 points or 0.47 per cent.
The Nifty50, too, steered a similar course where it hit a lifetime high of 22,169 in opening deals. It, then, turned lower before ending the session at 22,515, up 80 points or 0.36 per cent.
Most of these gains were on account of a 3-per cent rally in the stock of HDFC Bank. That apart, Tech M, Asian Paints, TCS, Titan Company, Maruti Suzuki, Wipro, Bajaj Finserv, and Ktak bank gained over 1 per cent each.
In the broader markets, the BSE MidCap and SmallCap indices ended mixed with the former down 0.1 per cent but the latter up 0.56 per cent.
Among sectors, the trend was mixed with the Nifty Private Bank, and IT indices advancing over 1 per cent each, but th Nifty Oil and Gas index down 1.4 per cent.
3:50 PM
Tech View :: Bank Nifty needs to hold this level to touch 50,000-mark
Following a strong resurgence, the Bank Nifty surged past the significant resistance level of 48,000, coinciding with the peak open interest on the call side. The immediate support for the index has now shifted to 47,500, where the highest open interest is concentrated on the put side. Post the RBI policy announcement, sustaining above the 48,000 level is crucial for the continuation of the uptrend towards the 49,000/50,000 levels.
Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
3:49 PM
Tech View :: Key levels on Nifty after Thursday's record high run
The Nifty remained highly volatile as the index fluctuated within the range of 22,300 and 22,600 throughout the day. On the daily chart, the index has formed a hanging man pattern, indicating a potential bearish reversal in the short term.
Immediate support is positioned at 22,300; a decisive drop below this level could lead the index towards 22,000-21,900 in the short term. On the upside, resistance is observed at 22,600-22,650.
Views by: Rupak De, Senior Technical Analyst, LKP Securities
Immediate support is positioned at 22,300; a decisive drop below this level could lead the index towards 22,000-21,900 in the short term. On the upside, resistance is observed at 22,600-22,650.
Views by: Rupak De, Senior Technical Analyst, LKP Securities
3:48 PM
Comment :: 'Markets eye RBI policy on Friday'
Market breadth displayed a positive trend within a narrow trading range, with attention focused on the RBI's upcoming monetary policy announcement tomorrow. Expectations lean towards the likely status quo in the repo rate due to prevalent inflation worries. Meanwhile, the broader market has shown resilience in select sectors like banks in anticipation of decent Q4 results and exports based on composite PMI data reflecting strong business conditions.
Views by: Vinod Nair, Head of Research, Geojit Financial Services
Views by: Vinod Nair, Head of Research, Geojit Financial Services
3:46 PM
Currency Update :: Rupee ends 1 paise down vs US dollar
3:45 PM
Broader markets :: MidCap index slips, SmaCap holds gains
3:43 PM
Sectoral trends :: Pvt Bank, IT indices up 1% each
3:41 PM
Sensex Heatmap :: HDFC Bank does the heavy lifting for 30-stock index
3:39 PM
CLOSING BELL :: Nifty reclaims 22,500
3:37 PM
CLOSING BELL :: Sensex ends off record highs, gains 351 pts
3:26 PM
ALERT :: Ujjivan SFB jumps 6.5% after Q4 update
Topics : Stock Market MARKET LIVE MARKET WRAP Markets Sensex Nifty stock market trading S&P BSE Sensex Nifty 50 Midcap smallcap stocks Gift Nifty Gold futures Brent crude oil
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First Published: Apr 04 2024 | 7:39 AM IST