Stock market highlights, April 2: Sensex slips 111 pts, Nifty holds 22,450; broader indices rise over 1%

Stock market highlights on Tuesday, April 02: Among sectors, the Nifty Realty index hit a 16-year high intraday before closing 0.8 per cent higher. The Nifty Metal index, too, added 1.36 per cent

3:57 PM

Tech View :: 'Momentum indicators suggest sell signal on Nifty'

Nifty50

The zone of 22,400 – 22,350 is the crucial support zone and dips towards these zones should be used as a buying opportunity. The hourly momentum indicator has a negative crossover which is a sell signal and also suggests that there could be some more consolidation before the uptrend resumes. 

Bank Nifty

Bank Nifty is also consolidating after the sharp after breaking out of the range on the upside. It is likely to resume its up-move towards 47,850 – 48,000 from a short-term perspective. So the minor degree pullbacks should be used as a buying opportunity.

Views by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas

3:41 PM

Currency check :: Rupee gains 2 paise vs USD

3:39 PM

Broader markets :: SmallCap index outshines the most

3:38 PM

Sensex Heatmap :: Gainers and Losers tie on index; M&M, TaMo rally, ICICI, Kotak Bank dip

3:36 PM

Closing Bell :: Nifty holds 22,450

3:35 PM

Closing Bell :: Sensex takes breather, slips 111 pts on Tuesday

3:29 PM

ALERT :: Cement prices in South India could be hiked soon, says report

>> According to ET Now, 50 KG cement bag price in Andhra to rise by Rs 30 - 40 in April; by Rs 30 in Karnataka; by Rs 50 - 80 in Tamil Nadu; by Rs 20-40 in Maharashtra; and by Rs 30 - 40 in Telangana.

3:14 PM

ALERT :: Som Distilleries Board apprives sub-division of shares

>> Board approved sub-division of shares of face value of Rs 5/- each into equivalent number of equity shares having a face value of Rs 2/- each

>> The Board considered and approved to change in name of the company from 'Som Distilleries Breweries & Wineries Limited' To 'Som Distilleries and Breweries Limited' or any other name made available by registrar of Companies.

3:01 PM

ALERT:: US, UK stock futures exhibit mixed trend

Source: Investing.com

2:51 PM

ALERT:: Bosch to get Rs 116 cr tax refund; stock up 2%

Bosch in an exchange filing today said, it received assessment order for assessment year 2013-14 with refund of Rs 116.38 crore.

2:40 PM

Zomato gets service tax demand and penalty order of Rs 184 cr

Online food delivery platform Zomato said it has received a service tax demand and penalty order aggregating over Rs 184 crore, and will file an appeal against it before an appropriate authority. READ MORE

2:28 PM

Searing heat wave in the country boosts RBI case to wait on rate cuts

The pace of inflation in India has remained above the central bank's 4% target for the last few months, giving policymakers reason to remain cautious. READ MORE

2:21 PM

Commodity Check :: Brent crude rises over 1%, nears $89/bbl

2:16 PM

New EV policy: No restrictions on imports from any country, including China

Last month, India announced lowering import taxes on certain electric vehicles produced by carmakers who commit to invest at least $500 million and start domestic manufacturing within 3 years. READ MORE

2:04 PM

Nifty Realty hits fresh 16-year high; surges 7% in 2 days on healthy outlook

Meanwhile, thus far in the calendar year 2024, the Nifty Realty index has surged 21 per cent, as compared to 2 per cent rise in the benchmark index. READ MORE