NIFTY NEXT 50

Sensex and Nifty rebound after early losses on ceasefire hopes., Banking and IT stocks see strong buying, boosting indices., Rupee rises 33 paise to 92.85 against US dollar.

* Sensex and Nifty rebound after early losses on ceasefire hopes.
* Banking and IT stocks see strong buying, boosting indices.
* Rupee rises 33 paise to 92.85 against US dollar.

Sensex and Nifty rebounded sharply after early losses, driven by US-Iran ceasefire hopes, rupee appreciation, and strong buying in banking and IT shares. Most sectoral indices gained, except pharma and oil and gas. Market breadth turned positive.

shorts/business/sensex-rises-400-pts-nifty-near-22-850-iran-us-ceasefire-talks-amid-key-factors-behind-market-rebound

The benchmark equity indices Sensex and Nifty staged a sharp recovery on Monday, rebounding from early losses amid reports that Iran and the United States have received a plan aimed at ending hostilities with an immediate ceasefire.

The Sensex was trading higher by 609.16 points or 0.83 percent at 73,928.70 at around 2:15 pm, while the broader Nifty rose 155.70 points or 0.69 percent to 22,868.80. Market breadth turned positive, with 2,846 shares advancing, 1,094 declining and 161 remaining unchanged.

Most sectoral indices on the Nifty were trading in the green, except pharma and oil and gas. The broader indices also gained, with the Nifty Smallcap100 and Nifty Midcap100 rising over 1 percent each.

Trent, Titan and Adani Enterprises were among the top gainers in the Nifty50 index, rising up to 7 percent, while Oil &amp;amp; Natural Gas Corporation and JSW Steel were among the major laggards, declined up to 2 percent.

In early trade, the domestic markets had traded lower, with the Sensex dropping 590.89 points or 0.8 percent to 72,728.66, and the Nifty falling 170.15 points or 0.74 percent to 22,542.95.
Key factors behind sharp market rebound
1) US-Iran ceasefire hopes: Iran and the United States have received a proposal to end hostilities, which could come into effect on Monday and reopen the Strait of Hormuz. The Reuters report, citing a source, said a framework has been put together by Pakistan and shared with both countries, outlining an immediate ceasefire followed by a broader agreement.
Immediate ceasefire plan reaches both sides
2) Rupee rises: The rupee appreciated 33 paise to 92.85 against the US dollar. The rupee opened at 93.13 at the interbank foreign exchange market and strengthened to 92.85 during the session.
Stock Market Live Updates
3) Strong buying in Banking shares: Bank stocks witnessed strong buying, with investors finding valuations attractive after recent declines linked to foreign fund outflows. The Nifty Bank and Nifty PSU Bank indices rose up to 2 percent after quarterly business updates indicated improvement in loan growth.

Shares of Bank of Maharashtra, Bank of India and Bank of Baroda gained 4.2 percent, 4.1 percent and 3.5 percent, respectively. Jefferies, in a note, said loan growth for private banks remained steady and improved slightly for some public sector banks, supported by higher working capital demand.

4) Buying in IT shares: IT stocks also advanced up to 1 percent on expectations of a better-than-anticipated March quarter.
Technical Outlook
According to Anand James, Chief Market Strategist at Geojit Investments Limited, the Nifty may see further downside unless it sustains above key levels. He said a break below 22,525 could open the possibility of a decline towards the 21,900–21,600 range, while resistance is seen around 22,770.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Sensex rises 650 pts, Nifty above 22,900: Iran, US ceasefire hopes among key factors behind market rebound

Sensex, Nifty fall on rising crude, West Asia tensions., IT resilient; PSU banks rise on fresh business updates., India VIX rose 3 percent, signaling increased market volatility.

* Sensex, Nifty fall on rising crude, West Asia tensions.
* IT resilient; PSU banks rise on fresh business updates.
* India VIX rose 3 percent, signaling increased market volatility.

Sensex and Nifty fell on Monday amid rising crude prices, escalating West Asia tensions, persistent FII selling, weak global cues, and higher market volatility. IT and banking stocks showed resilience, while most sectors traded in the red.

shorts/business/sensex-down-500-pts-nifty-near-22-550-trump-s-iran-threat-among-key-factors-behind-market-decline

The benchmark equity indices Sensex and Nifty declined on Monday, extending a subdued trend after six straight weekly losses, amid rising crude oil prices and concerns over escalation in the West Asia conflict.

At around 11:15 am, the Sensex was down 561.30 points or 0.8 percent to 72,758.24, while the broader Nifty was at 22,554.75, down 158.35 points or 0.7 percent.

Eleven of the 16 major sectoral indices were trading in the red. The broader Nifty Smallcap100 index fell 0.3 percent, while the Nifty Midcap100 index was flat.

Among sectors, IT stocks showed some resilience on expectations of a better-than-anticipated March quarter. Banking stocks also remained in focus, with valuations seen as attractive following recent selling linked to foreign fund outflows.

Shares of public sector banks rose 1.8 percent after quarterly business updates indicated improvement in loan growth momentum. Bank of Maharashtra, Bank of India and Bank of Baroda gained 4.2 percent, 4.1 percent and 3.5 percent, respectively.

&quot;Loan growth for private banks was steady and improved slightly for some public sector banks, reflecting tailwinds from higher working capital demand,&quot; Jefferies said in a note.

Among individual stocks, Trent jumped 5.4 percent after reporting a 20 percent rise in standalone revenue for the March quarter. Wipro added about 1 percent after securing a $1 billion deal.
Key factors behind market decline
1) Higher crude prices: Higher crude weighed on sentiment, with Brent trading USD 109.8 per barrel. Elevated oil prices are seen as negative for India, as they may widen the fiscal deficit, push up inflation and impact growth.

&quot;With uncertainty over the West Asia conflict looming large, the market will continue to be volatile, responding to potential developments. The possibility of further escalation remains high, and crude price movement will be closely tracked,&quot; VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said.

2) Escalating West Asia tensions: Tensions in West Asia also intensified after US President Donald Trump warned of possible action if key supply routes, including the Strait of Hormuz, are not reopened.

&quot;Comments from US President Donald Trump indicating potential escalation if key supply routes are not restored have kept risk appetite in check. Crude oil and global uncertainty remain dominant drivers for markets,&quot; Hariprasad K, Research Analyst and Founder, Livelong Wealth, said.
Stock Market Live Updates
3) Persistent FII selling: Foreign institutional investors (FIIs) continued to offload equities, selling shares worth Rs 9,931.13 crore on Thursday, adding pressure on the markets. Equity markets were closed on Friday due to Good Friday.

&quot;March witnessed massive selling by FPIs to the tune of Rs 1,22,182 crore. This is the biggest monthly selling by FPIs ever. Continuation of the war, crude again spiking to above $100 level, the steady decline in the rupee and appreciation of the dollar triggered this record selling by FPIs, added Vijayakumar.

4) Weak global cues: S&amp;amp;P and Dow Jones futures were trading lower, indicating a soft start for US markets.

5) India Vix rises: The India VIX, a measure of market volatility, rose 3 percent to 26.24. A higher VIX indicates increased uncertainty among investors and typically leads to sharper market swings.
Technical Outlook
According to Anand James, Chief Market Strategist at Geojit Investments Limited, the Nifty may see further downside unless it sustains above key levels. He said a break below 22,525 could open the possibility of a decline towards the 21,900–21,600 range, while resistance is seen around 22,770.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Sensex down 600 pts, Nifty near 22,550: Trump's Iran threat among key factors behind market decline

Trump renews threat of major attacks | Oil prices gain, Dollar firm | Bank Stocks in Focus on Q4

Indian equity benchmarks, the BSE Sensex and Nifty 50, are likely to open lower on April 6, tracking losses in GIFT Nifty, which was trading around the 22,672.50 level.

Track the latest updates on GIFT Nifty right here on Moneycontrol.

In a highly volatile session on April 2, the Indian market ended on a positive note, with the Nifty closing above 22,700, supported by IT stocks after the Indian rupee posted its biggest gain in more than 12 years.

At close, the Sensex was up 185.23 points or 0.25 percent at 73,319.55, and the Nifty was up 33.70 points or 0.15 percent at 22,713.10.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

GIFT Nifty was trading lower at the 22,672.50 mark, indicating a negative start for Indian equity indices.

Asian Equities (Jump)

Japan and South Korean stocks rose Monday, while most Asian markets were closed for holidays, as investors parsed the latest developments in the Middle East conflict over the weekend.



US Equities (Mixed)

U.S. stocks ended ​slightly mixed on Thursday after paring deeper losses, as diplomatic signals from the Middle East helped calm markets rattled ‌earlier by U.S. President Donald Trump's threats of tougher action against Iran ahead of a long holiday weekend.

The Dow Jones Industrial ​Average fell 0.13%, to 46,504.67 points, the S&amp;amp;P 500 gained 0.11% to 6,582.69 points, and the Nasdaq Composite gained 0.18%, to 21,879.18.

For the week, the S&amp;amp;P 500 gained 3.36%, the Nasdaq rose 4.44%, and the Dow climbed ‌2.96%. The ⁠Russell 2000 small-cap index rose 3.19%.



Dollar Index (Up)

The dollar was steady on Monday, while the yen flirted with the crucial 160 per dollar level as nervous investors took stock of the escalating Iran war, with all eyes on the latest deadline from U.S. President Donald Trump to reopen Strait of Hormuz.



US Bond Yield (Up)

The yield on the U.S. 10-year Treasury bond was up 1.7 basis points at 4.35%, and the 2-year U.S. Treasury rose 2.2 basis points at 3.86%.



Asian Currencies (Mixed)

Asian currencies were trading mixed in the early trade on Monday, with the Singapore Dollar, Taiwan Dollar, Philippines Peso leading the losers. At the same time, gainers included South Korean Won, Thai Baht, China Renminbi, and Indonesian Rupiah.



Crude (Up)

Oil gained as President Donald Trump imposed a fresh ultimatum on Tehran and threatened to strike power plants and other civilian infrastructure in Iran if the Strait of Hormuz is not reopened.



Gold (Slips)

Gold and Silver prices were trading lower in the early trade on Monday.



Fund Flow Action

Foreign Institutional Investors (FIIs) extended their selling streak, offloading equities worth ₹9,931 crore on April 2. However, Domestic Institutional Investors (DIIs) provided support, purchasing equities worth over ₹7,200 crore.



Hope you're all set for today's trade. We wish you a profitable day ahead.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Tick: Top global cues to watch in today’s trade

Sensex Today | Stock Market LIVE Updates: Indian markets rebounded sharply in afternoon trade on Monday, reversing early losses, as reports of a possible ceasefire framework between Iran and the US lifted sentiment and eased concerns over oil supply disruptions. The Sensex and Nifty turned positive after a weak start, with gains led by banks and broader markets. The Nifty Bank index rose over 1.3 percent, while midcap and smallcap indices gained around 0.9-1 percent each. The recovery follows a sharp early decline, when the Sensex had fallen nearly 600 points and the Nifty slipped below 22,600, as rising crude prices and geopolitical tensions had weighed on sentiment. However, improving global cues and hopes of de-escalation supported a broad-based rebound across sectors.

Sensex Today | Stock Market Live: Sensex jumps 500 pts on ceasefire hopes, Nifty above 22,850; bank, midcap stocks lead

15 out of 18 years NIFTY NEXT 50 has given positive returns in April.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	62,739.93	63,522.27	64,944.18	61,318.02	60,535.68	59,113.77	58,331.43
Fibonacci	62,160.04	62,680.24	63,522.27	61,318.02	60,475.99	59,955.79	59,113.77
Camarilla	62,159.66	62,361.71	62,563.77	61,318.02	61,755.54	61,553.49	61,351.43

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