Indian equity markets saw a day in Green today. In the afternoon session, markets posted a sharp rally. Nifty 50 closed, up by 119.35 points. Sensex closed, up by 401.04 points. Top Gainers today were HDFC Life, Tata Consumer and Wipro. Top Losers today were Dr Reddy’s, IndusInd Bank and Cipla.
All the broader indices ended the day in Green. Selling pressure was seen in pharma stocks and healthcare stocks. Risk of adverse observations by USFDA regarding Indian pharmaceutical companies has increased. Buying demand was seen in banking stocks, realty stocks, and financial services stocks. Banks such as IndusInd Bank and Bank of Maharashtra have posted strong March quarter results.
Yes Bank, Rail Vikas Nigam, and IRFC were the most traded stocks, today at NSE, in terms of volume. HDFC Bank, ICICI Bank, and Axis Bank were the most traded stocks today at NSE, in terms of value. 50 stocks touched new 52-week high today at NSE. 24 stocks touched new 52-week low.
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