The stock of HDFC Bank rose 3% to an intraday high of Rs 1,526.35, becoming the top gainer in the Nifty 50. The stock hit the 52-week-high of Rs 1,757.50 on July 03, 2023. It touched its 52-week low of Rs 1,363.55 on February 14, 2024.

Courtesy: NSE

HDFC Bank, NTPC, Hindalco, Power Grid, and Axis Bank were the top gainers in the Nifty 50. While IndusInd Bank, HCL Technologies, Sun Pharma, Bharti Airtel, and ONGC were the key laggards in the Nifty 50 on April 04.

The Nifty opened gap down and witnessed a recovery during the day to close off the intraday lows though marginally in the red, down 19 points. 

“On the daily charts, we can observe that the Nifty has been witnessing consolidation since the past three trading sessions. The momentum setup on the daily and hourly tie frame is providing divergent signals and hence can lead to a consolidation in the near term,” said Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas. On the downside, the zone of 22400 – 22350 is acting as a support zone while 22500 – 22530 is the immediate hurdle zone. A breach on the range on either side shall result in a trending move

Hindustan Copper, Sail, and Zee Entertainment were in the F&O Ban list on April 04.

Foreign institutional investors (FII) sold shares net worth Rs 2,213.56 crore. Whereas, domestic institutional investors (DII) bought shares net worth Rs 1,102.41 crore on April 04, 2024, according to the provisional data available on the NSE.

WTI crude prices were trading at $85.62 up by 0.04%, while Brent crude prices were trading at $89.61 up by 0.06%, on Thursday morning.

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, traded lower, 0.03% at 104.20.

The stocks on Wall Street ended on a mixed note. The Dow Jones Industrial Average closed 43.10 points or 0.11% lower at 39,127.14. The S&P 500 rose 0.11% to close at 5,211.49. Similarly, the Nasdaq Composite advanced 0.23% closing at 16,277.46.