Taking stock: A choppy day for market, Sensex gains 115 points, Nifty nears 17,400

Gainers & Losers: 10 stocks that moved the most on April 3

The Indian market was again volatile on April 3 and largely traded flat but some late buying in auto and PSU banking names lifted the benchmark indices.

Global cues were largely negative as OPEC and allies’ decision to cut production took everyone by surprise and triggered a spike in crude oil prices. A holiday shortened week also meant that traders avoided taking any significant positions.

The Nifty ended the day at 17,398.05, up 38.30 points, or 0.22 percent. BSE flagship the Sensex gained 114.92 points, or 0.19 percent, to end the day at 59,106.44.

“Investors were of the view that the easing price pressure would provide the central bank with leeway to pause the rate hike. However, the surprise production cut by OPEC+ has fuelled concerns about inflationary pressure, which may prompt central banks to remain hawkish,” said Vinod Nair, Head of Research at Geojit Financial Services.

The downside pressure in the market was mitigated as auto stocks rallied in response to the latest sales data, indicating a surge in demand.

India's manufacturing PMI exceeded expectations, demonstrating its swiftest growth rate in three months due to increased output and new orders, he said.

Stocks and sectors

Market breadth was in favour of gainers with one loser for every three gainers. Most sectors closed in the green as well led by Nifty Auto and Nifty PSU Bank both of which climbed more than a percent each.

Index	Prices	Change	Change%
Sensex	84,870.43	-80.52	-0.09%
Nifty 50	25,971.55	-41.90	-0.16%
Nifty Bank	59,019.85	57.15	+0.10%

Nifty 50 25,971.55 -41.90 (-0.16%)

Tue, Nov 18, 2025

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• 5D
• 1M
• 3M
• 6M
• 1Y
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Biggest Gainer	Prices	Change	Change%
Bharti Airtel	2,150.30	38.10	+1.80%

Biggest Loser	Prices	Change	Change%
Interglobe Avi	5,764.00	-109.00	-1.86%

Best Sector	Prices	Change	Change%
Nifty Bank	59023.10	60.40	+0.10%

Worst Sector	Prices	Change	Change%
Nifty Metal	10393.50	-102.40	-0.98%

In the broader market, Nifty Midcap and Nifty Smallcap also advanced.

Among Nifty 50 stocks, Hero Moto, Coal India, Bajaj Auto, Maruti Suzuki, and Divi’s Labs were top gainers that rose 2-4 percent. BPL was the biggest loser, falling 4 percent, followed by Adani Enterprises, Apollo Hospitals and Infosys.

Outlook for Wednesday

Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty managed to close in the positive after spending a better part of the day in the negative territory. 17529-17574 band could offer resistance while 17207 could offer support. Volumes need to improve for markets to build on their recent gains.

Rupak De, Senior Technical Analyst at LKP Securities

Following a positive start, the benchmark index Nifty remained mostly range bound as the traders preferred to remain lean during the truncated week. The trend for the short term, however, remains positive as Nifty closed well above the support level of 17200. The bulls are going to have the upper hand as long as Nifty remains above 17200. On the higher end, 17500 is likely to act as crucial resistance for the Nifty. A decisive move above 17500 may induce a strong directional upmove.

Ajit Mishra, VP - Technical Research, Religare Broking Ltd

Upbeat global cues combined with bargain hunting in index majors are helping the index to inch higher. We expect the prevailing tone to continue however caution ahead of the MPC meet may result in some consolidation. Meanwhile, stay stock specific and maintain “buy on dips”.