Indian equity markets get a boost from Federal Reserve’s moderate tone

4 May 2023 , 03:52 PM

Indian equity markets got a boost today from the more moderate tone regarding interest rates, that came from US Federal Reserve yesterday. This moderate tone also seemed to imply that current cycle of interest rate hikes has come to an end. Indian markets gained all through the day. 

Nifty 50 closed, up by 151.55 points. Sensex closed, up by 555.95 points. Top Gainers today were Adani Enterprises, Bajaj Finance and HDFC. Top Losers today were IndusInd Bank, UPL and Nestle India.

All the broader market indices ended the day in green today. Strong buying demand was seen in some large-cap and micro-cap stocks. Buying demand was seen in some financial services stocks, metal stocks and bank stocks. 

IRFC, Suzlon and Zomato were the most traded stocks today at NSE, in terms of volume. HDFC Bank, ICICI Bank, and RVNL were the most traded stocks, in terms of value. 78 stocks touched new 52-week high, today at NSE. 4 stocks touched new 52-week low. Market breadth was strongly positive.