Market News
2 min read | Updated on April 05, 2024, 18:37 IST
SUMMARY
The BANK NIFTY built on its morning gains after the RBI kept the interest rates unchanged, closing just near its all-time high. The index firmly stayed above the 48,000 mark throughout the day, fueled by aggressive put writing at 48,000 and below strikes for 10 April expiry.
Stock list
SENSEX, NIFTY50 end flat, Banking and Realty stock shine after RBI keeps policy rate unchanged.
After a subdued start on weak global cues, the markets consolidated at higher levels and closed flat. The NIFTY50 and SENSEX traded in a narrow range throughout the day after the RBI decided to keep the policy rates unchanged and closed flat at 22,513 and 74,248 respectively.
Top gainer and loser in NIFTY50: Kotak Mahindra Bank (+1.9%) and Grasim (-1.9%)
Broader markets extended the rally and continued to outperform the benchmark indices. The NIFTY Midcap 100 closed at a record high and gained 0.5%. The NIFTY Smallcap 100 index was up 0.8%.
Top gainer in NIFTY Midcap 100: Indraprastha Gas (+5.5%)
Top gainer in NIFTY Smallcap 100: IIFL Finance (+12.9%)
The NIFTY50 remained range-bound on Friday, trading within Thursday's session and failing to confirm the potential bearish reversal pattern (hanging man) formed on Thursday. However, the formation of a doji candle today highlights the indecisiveness of traders at current levels. A break above or below Thursday's range on a closing basis will be crucial in determining the index's next move.
See you on Monday!
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