Market wrap for April 20: NIFTY50 and SENSEX end in green; Trent, SBI, JSW Steel among top gainers

The Indian benchmark indices oscillated between gains and losses throughout the day due to renewed tensions between the US and Iran. The crude oil prices clawed back the majority of the previous week's losses to trade above $95 per barrel on Monday morning. However, market sentiment remained resilient as investors shrugged off worries of higher crude oil prices. In the late afternoon session, the markets gave up most of their gains and settled near the neutral lines with marginal gains.

Traders took some support from foreign fund inflows. According to exchange data, FIIs bought shares worth ₹683.20 crore on Friday.

Some support came as the Reserve Bank of India (RBI) said that India’s forex reserves jumped by $3.825 billion to $700.946 billion during the week ended April 10.

On the global front, European markets were trading in the red amid renewed tensions between the United States and Iran. Asian markets ended mostly higher, ahead of the second round of diplomatic talks between the United States and Iran.

The SENSEX ended at 78520.30, up by 26.76 points or 0.03% after trading in a range of 78203.30 and 78942.45. 12 stocks were advancing against 18 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Power up by 1.24%, Utilities up by 0.88%, Capital Goods up by 0.55%, PSU up by 0.54% and Consumer Durables up by 0.26%, while IT down by 0.79%, Realty down by 0.70%, Telecom down by 0.66%, TECK down by 0.53% and Metal down by 0.38% were the top losing indices on BSE.

The NIFTY50 ended at 24364.85, up by 11.30 points or 0.05% after trading in a range of 24241.25 and 24480.65. 23 stocks were advancing against 27 stocks declining on the index. (Provisional)

The top gainers on Nifty were Trent up by 3.29%, JSW Steel up by 2.76%, SBI up by 2.55%, Asian Paints up by 2.14% and Grasim Industries up by 1.46%. On the flip side, JIO Financial Services down by 2.75%, Hindalco down by 2.29%, Tata Motors Passenger down by 1.22%, Kotak Mahindra Bank down by 1.15% and Bharat Electronics down by 1.12% were the top losers. (Provisional)

European markets were trading lower; Germany’s DAX lost 286.74 points or 1.16% to 24,415.50, France’s CAC fell 66.73 points or 0.79% to 8,358.40 and the UK’s FTSE 100 decreased 66.1 points or 0.62% to 10,601.53.