Stock Market Highlights, April 24: RIL, IT shares cap gains on Sensex, Nifty; metals shine

Stock market highlights on Wednesday, April 24: n the broader markets, the BSE MidCap and SmallCap indices outperformed the benchmarks by settling 0.92 per cent and 0.79 per cent higher, respectively

Closing Bell on Wednesday, April 24: Equity benchmark indices ended Wednesday's range-bound session with slim gains as selling pressure in information technology (IT) stocks intesified in the fag-end. 

The S&P BSE Sensex, which gained over 300 points intraday to reclaim the 74,000-mark, closed at 73,853, up 114.5 points or 0.16 per cent. The Nifty50, too, shut shop at 22,402, up 34 points or 0.15 per cent.

Tech M, Tata Consultancy Services, Infosys, HCL Tech, and Wipro were among the top 10 losers on the 30-stock index as they fell 0.4 per cent to 1.3 per cent. Other laggards included heavyweights like Reliance Industries, Titan Company, Maruti Suzuki, and Bharti Airtel.

In the broader markets, the BSE MidCap and SmallCap indices outperformed the benchmarks by settling 0.92 per cent and 0.79 per cent higher, respectively. The smallcap index even hit a fresh record high during the day.

Apart from the Nifty IT index, the Nifty PSU Bank, and Auto indices also edged lower, falling up to 0.23 per cent. On the flipside, the Nifty Metal index soared nearly 2.7 per cent.

3:48 PM

Sentiment for the short term continues to remain positive as Nifty closed above the critical moving average

The Nifty remained sideways throughout the session before closing with a slight gain. Sentiment for the short term continues to remain positive as the index closed above the critical moving average. The positive crossover in the RSI also supports the positive momentum. On the higher end, immediate resistance is placed at 22,500. A decisive move above 22,500 might take the index towards 22,750-22,800 over the short term. Support is placed at 22,350-22,400: Rupak De, Senior Technical Analyst, LKP Securities

 

3:46 PM

Indian markets lagged the Asian peers as Q4 earnings remained largely subdued with weak results from IT

Indian markets lagged the Asian peers as Q4 earnings remained largely subdued with weak results from IT and a few index heavyweights results also disappointed. However, buoyed by strong manufacturing and service sectors, the Indian composite PMI hit a multi-year high, reflecting domestic resilience bringing some buoyancy in the broad market. Globally, investor sentiment improved with easing tensions in the Middle East and declining oil prices: Vinod Nair, Head of Research, Geojit Financial Services

 

3:45 PM

Rupee settles at 83.3200 against US Dollar

3:43 PM

In the broader markets, Nifty MidCap gained 0.76% while SmallCap rose 0.36%

3:43 PM

Sectorally, Nifty Metal led with gains of over 2.50%, followed by Healthcare, which rose 1.26%

3:42 PM

JSW Steel, Tata Steel were among the top gainers while TCS, Tech Mahindra were among the top laggards

3:40 PM

Nifty closes 34.40 points or 0.15 per cent higher at 22,402.40 levels

3:39 PM

Sensex setlles 114.49 points or 0.16% higher at 73,852.94 levels

3:29 PM

ALERT :: DCB Bank soars 10% as asset quality improves in Q4

Net profit up 9.6% at Rs 155.7 cr vs Rs 142.1 cr YoY
 

NII up 4.4% at Rs 507.5 cr vs 486 cr YoY
 

Gross NPA at 3.23% vs 3.43% QoQ
 

Net NPA at 1.11% vs 1.22% QoQ

 

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2:56 PM

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2:48 PM

Market check:: Sensex off day's high, up 100 points

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