Markets defy global cues to see a day of gains

5 Apr 2023 , 04:19 PM

Indian equity markets saw a strong day of gains today, in spite of negative global cues. This indicates that markets are factoring in a very strong probability of RBI slowing down on its interest rate hikes tomorrow. The probability of RBI not raising the interest rate at all can also not be ruled out.

Nifty 50 closed, up by 159 points. Sensex closed, up by 582.87 points. Top Gainers today were Larsen & Toubro, HDFC and HDFC Bank. Top Losers today were M&M, Eicher Motors, and IndusInd Bank. 

Buying demand was seen in many large-cap and small-cap stocks. Buying demand was seen in many IT and FMCG stocks today. Profit booking took place in Auto stocks. 

Idea, Yes Bank, and Future Consumer were the most traded stocks, today at NSE, in terms of volume. HDFC Bank, ICICI Bank, and Reliance were the most traded stocks in terms of value. 63 stocks touched new 52-week high today at NSE. 15 stocks touched new 52-week low. Market breadth was positive.