Monday, April 22, 2024
HomeBusinessVolatility in Indian stock market before the RBI Monetary policy results -...

Volatility in Indian stock market before the RBI Monetary policy results – World News Network

New Delhi [India], April 4 (ANI): Indian stock market closed in green on Thursday after the Nifty surged 80 points to close at 22514 and Sensex also gained 350 points to close at 74227. During the Thursday’s trading session, benchmark equity indices experienced volatility following a surge to new all-time highs, as profit-taking activities emerged. In the Nifty 50 list 31 shares closed in green while 19 closed in red.
“Moreover, shifts in market sentiment were influenced by comments from Federal Reserve Chair Jerome Powell, affirming the likelihood of rate cuts while emphasizing data dependence. These developments contributed to fluctuations in Treasury yields, with the 10-year yield hitting a four-month high before slightly retracting” says Varun Aggarwal, Founder and Managing Director, Profit Idea
Notable gainers included HDFC Bank, which surged by 3% to Rs 1,526, reporting an impressive YoY growth of over 100% in retail loans for Q4. Meanwhile, NTPC, Axis Bank, Power Grid Corporation, and Tata Steel also witnessed substantial gains.
Conversely, notable losers among Sensex constituents were IndusInd Bank, Sun Pharma, ITC, Reliance, ICICI Bank, and HCL Technologies. In the broader market, the BSE MidCap index remained flat, while the SmallCap index saw a marginal increase of 0.1%.
Soni Patnaik, Assistance Vice President, JM Financial says “Nifty today broke above its congestion zone of 22500/22530 via gap up today and even closed above it. Going forward, Nifty can test 22800++ levels as long as support of 22300 level is intact”.
On the global front, Asian shares rallied as investors awaited clarity on potential rate cuts by the US Federal Reserve. Amidst geopolitical tensions and supply disruptions, commodities saw significant movements, with gold reaching a fresh record of $2,304 per ounce. Oil prices surged to a five-month peak, driven by supply concerns stemming from geopolitical conflicts in Ukraine and the Middle East.
With the Monetary Policy result due tomorrow, the market can react after the announcement of results. (ANI)


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News


Paris Appreciation Awards

Read More

World Polls

Read More

Short News

Read More

Indian Bureaucrats

Read More

World Talent Management

Read More

World Brand Ambassadors

Read More

Film Critics

Read More

Influencers

Read More

Video Press Release

Read More

podcasts Press Release

Read More

Social Media

Read More

Colleges Press Release

Read More

Business Press Release

Read More

Critics Press Release

Read More

Fashion Marketing Press Releases

Read More

Gaming Press Release

Read More

Finance Press Release Distribution

Read More

Creative Press Release

Read More

Animals Press Release

Read More

Tech News Press Release

Read More

Cryptomarket Press Release

Read More

Fitness News Press Release

Read More

Gadgets Press Release

Read More

Gardening Press Release

Read More

Stockmarket Press Release

Read More

Product Reviewers and Marketing

Read More

Crypto Press Release Distribution

Read More

Film Festivals Marketing

Read More

India Real Estate Marketing

Read More

Indian Medical Tourism

Read More

Travel Marketing Press Release

Read More

Health Marketing Press Release

Read More

Events Marketing Press Release

Read More

Restaurants Marketing Press Release

Read More

City Business Listing

Read More

World Import Export

Read More

PR Franchise

Read More

Radio Press Release Distribution

Read More

Movies Distribution

Read More

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

Paris Appreciation Awards

Read More

World Polls

Read More

Short News

Read More

Indian Bureaucrats

Read More

World Talent Management

Read More

World Brand Ambassadors

Read More

Film Critics

Read More

Influencers

Read More

Video Press Release

Read More

podcasts Press Release

Read More

Social Media

Read More

Colleges Press Release

Read More

Business Press Release

Read More

Critics Press Release

Read More

Fashion Marketing Press Releases

Read More

Gaming Press Release

Read More

Finance Press Release Distribution

Read More

Creative Press Release

Read More

Animals Press Release

Read More

Tech News Press Release

Read More

Cryptomarket Press Release

Read More

Fitness News Press Release

Read More

Gadgets Press Release

Read More

Gardening Press Release

Read More

Stockmarket Press Release

Read More

Product Reviewers and Marketing

Read More

Crypto Press Release Distribution

Read More

Film Festivals Marketing

Read More

India Real Estate Marketing

Read More

Indian Medical Tourism

Read More

Travel Marketing Press Release

Read More

Health Marketing Press Release

Read More

Events Marketing Press Release

Read More

Restaurants Marketing Press Release

Read More

City Business Listing

Read More

World Import Export

Read More

PR Franchise

Read More

Radio Press Release Distribution

Read More

Movies Distribution

Read More