Stock Market Highlights, April 27: Benchmarks snap 5-day winning run; Sensex tanks 609 pts

Stock Market Highlights on April 26: Bajaj Finance and Bajaj Finserv shed up to 8 per cent, dragging the benchmarks

SI Reporter New Delhi

8:16 AM

Nifty Auto, Energy face downward trend on charts: Check key levels here

Nifty IT Index

The Nifty IT Index, currently trading at 33,442.55, is exhibiting a range-bound behaviour on the charts, with identified boundaries set between 34,050 and 33,150. A decisive move above or below this range could signal the next directional trend for traders to consider.

Key support levels are anticipated around 31,875 and 31,600, indicating potential areas where buying interest may emerge to support the index. On the flip side, resistance levels are expected around 34,300 and 35,300, representing price levels where selling pressure may intensify. Read more

8:10 AM

Derivative strategy: Bull spread recommended on SBI for May series

Derivative Strategy

BULL SPREAD Strategy on SBI

Buy SBI (30-MAY Expiry) 820 CALL at Rs 21.25 & simultaneously sell 850 CALL at Rs 11.25

Lot Size 1500

Cost of the strategy Rs 10 (Rs 1,500 per strategy) Read more

8:05 AM

Global markets, US yield, Q4 results to set Sensex, Nifty trend on April 26

Pre-market commentary for April 26, Friday: Indian stock market may take a breather following the 5-day rally, wherein the S&P BSE Sensex rallied nearly 1,900 points, as global mood turns cautious on the back of sharp spike in the US bond yield.

On Thursday, the Sensex and Nifty staged a smart recovery and ended with gains of 0.7 per cent each led by a rally in bank stocks and short-covering on account of the Nifty F&O monthly expiry. Read more