Market News
2 min read | Updated on April 02, 2024, 17:27 IST
SUMMARY
Domestic markets took a breather today after touching fresh new highs in yesterday’s trading session. The market saw selected profit bookings in banking and IT stocks as investors turned cautious ahead of the RBI monetary policy meeting. The uptick in crude oil prices and a rise in US bond yield also impacted investor sentiments.
SENSEX, NIFTY50 snap 3-day winning run, small, midcap index outperform, Tata Technologies gain 4.3% high
Benchmark indices ended marginally lower in a volatile trading session. NIFTY50 closed 0.04% lower at 22,453, while SENSEX declined 0.15% or 110 points to 73,903.
As per experts, domestic markets took a breather today after touching fresh new highs in yesterday’s trading session. The market saw selected profit bookings in banking and IT stocks as investors turned cautious ahead of the RBI monetary policy meeting. The uptick in crude oil prices and a rise in US bond yield also impacted investor sentiments.
Out of the NIFTY50 space, 28 stocks were advancing. Tata Consumer Products (+4.0%), M&M(+2.8%), BPCL(+2.5%) were among the top gainers, while Hero MotoCorp (-2.4%) and Kotak Mahindra Bank (-1.9%) were top losers.
Broder market indices saw renewed optimism after witnessing sharp correction over the past few months. NIFTY Midcap100 rose 1.16%, while NIFTY Smallcap100 closed 1.22% higher, outperforming the benchmark indices.
On the sectoral front, NIFTY Consumer Durables (+1.8%), Media(+1.8%) and Metal(+1.5%) were top gainers, while NIFTY IT(-0.7%), Pharma (-0.12%) and Banking (-0.07%) ended in red.
Real Estate stock continued their upward movement, Prestige Estates (+3.2%), Godrej Properties (+4.1%), Oberoi Realty (+3.2%) saw strong gains amid upbeat optimism around pre-sales figures.
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