Closing Bell: Sensex Closes At 76,734, Nifty 50 Ends 500 Points Higher;IndusInd Bank Gains 6%

Stock Market Live: The Indian stock market closed on a strong note, extending gains after a solid start to the week. Benchmark indices surged sharply, with all sectoral indices ending in the green due to broad-based buying across the board.

The Nifty 50 index ended the session at 23,328, while the BSE Sensex jumped by 1,577.63 points, or 2.10%, to settle at 76,734.89 .On the Nifty, IndusInd Bank, Larsen & Toubro (L&T), Tata Motors, and Axis Bank emerged as the top gainers, driving the rally.

Nifty and Sensex retained their opening gains hours after making a strong start of the week. Today's trading session began with substantial gains for the Indian benchmark indices, the Nifty 50 and Sensex, due to robust global signals.

The GIFT Nifty gained 290 points and saw a solid moment at 23,311 marks on Tuesday. This increasing trend suggests that when Indian stock markets open on April 15, the Nifty 50 will probably open in a gap-up.

Brokerage Prabhudas Lilladher reported that on April 15, the Nifty saw a strong advance to close above the 22,800 zone, nearly closing the gap, and exiting the descending channel pattern once more, strengthening the bias and sentiment for more gains in the days to come.

Stock market

The index would face a significant short-term barrier at the 23,000 zone, close to the 50EMA level, that must be forcefully overcome in order to strengthen the case for an upward rise in the days ahead. Prabhudas predicts that the Nifty will trade between 22,700 to 23,100 on April 15, Tuesday.

Indian Stock Market Trend

The Sensex ended the previous week on Friday at 75,157.26, up 1310.11 points, or 1.77%. At the end, the Nifty 50 was up 429.40 points, or 1.92%, at 22,828.55. Each week's performance decreased by almost 1% overall.

According to Choice Broking, the India VIX fell 6.17% to 20.1075, indicating a decrease in market volatility following a recent increase. Strong supply and possible resistance zones are indicated by the heavy call writing near the 23,000 and 23,200 levels, according to Open Interest (OI) data. sturdy put writing at 22,500, however, points to a sturdy basis of support. Despite the bulls' current momentum, this setup suggests that intraday volatility and profit booking are likely to occur close to resistance levels. In the vicinity of upper bands, traders should exercise caution and watch for declines towards support in anticipation of possible entrances.

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