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  1. BANK NIFTY nears all-time high, NIFTY50 holds ground at 22,500

BANK NIFTY nears all-time high, NIFTY50 holds ground at 22,500

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2 min read โ€ข Updated: April 5, 2024, 6:37 PM

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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.

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.


Key highlights of the day:

  • โญMarico rose 3% as the company said in its fourth quarter update that its business saw a slight uptick in volume growth across all products. The company said its top line grew in low single digits, returning to positive territory after three quarters.

  • ๐Ÿ Godrej Properties (+1%) was in focus after the company sold โ‚น2,960 crore worth of flats within fifteen months of acquiring land in Kandivali, Mumbai.

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Top traded stock options contracts


Four trading insights from NIFTY 200๐Ÿ”

  • ๐Ÿ“‰Open = High (Bear power): Bajaj-Auto, LTI Mindtree, L&T Finance, Page Industries and Escorts Kubota

  • ๐Ÿ“ˆOpen = Low (Bull power): ICICI Lombard, Fsn E-Commerce (NYKAA), Torrent Pharmaceuticals, Mahindra and Mahindra Financial and Lupin

  • ๐Ÿ—๏ธFresh 52 week-high: IPCA Laboratories, Vedanta, ABB, Indus Towers, ICICI Prudential and Bharat Electronics

  • โš ๏ธFresh 52 week-low: N/A

And that's it for today's F&O recap! Get the full scoop on market trends and curated scans at

See you on Monday!