The Indian equity indices extended gains for the second straight session on April 22 following positive global cues as worries over Iran-Israel tensions eased a bit. At close, the Sensex was up 560.29 points, or 0.77 percent, at 73,648.62, and the Nifty was up 189.40 points, or 0.86 percent, at 22,336.40.
Market started gap-up and remained rangebound with positive bias throughout the session and closed near the day's high on buying across sectors.
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Top Nifty gainers included BPCL, Tata Consumer Products, Eicher Motors, L&T and Shriram Finance, while losers were NTPC, HDFC Bank, JSW Steel, IndusInd Bank and Tata Steel.
All sectoral indices ended in the green. Auto, PSU bank, capital goods, oil & gas, FMCG, healthcare and realty indices gained up to 3 percent.
BSE midcap and smallcap indices each closed a percent higher.
Among individual stocks, a volume spike of more than 1,900 percent was seen in Hindustan Copper, Nalco and GNFC.
A long build-up was seen in Voltas, Hindustan Copper and Interglobe Aviation, while a short build-up was seen in Persistent Systems, Birlasoft and Coromandel International.
| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 81,425.15 | 323.83 | +0.40% |
| Nifty 50 | 24,973.10 | 104.50 | +0.42% |
| Nifty Bank | 54,536.00 | 319.90 | +0.59% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| Bharat Elec | 388.05 | 16.10 | +4.33% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| M&M | 3,604.40 | -91.90 | -2.49% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty IT | 36183.80 | 927.90 | +2.63% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Auto | 26833.95 | -348.55 | -1.28% |
More than 200 stocks touched their 52-week high on the BSE, including Eicher Motors, Bharti Airtel, M&M, Bharti Airtel, Century Textile, Hikal, Hindustan Copper, Jindal Steel, JSW Energy, Just Dial, Linde India, Lloyds Metals, Motilal Oswal, Siemens, Universal Cable, Va Tech Wabag, Voltas, among others. Click to view full list
Outlook for April 23
Aditya Gaggar Director of Progressive Shares
After a volatile opening, the Index remained rangebound for major part of the day but a sharp uptick in the last hour of trade pushed the Index further higher to settle at 22,336.40 with gains of 189.40 points.
It was a day of green as all the sectors ended the session higher with PSU Banks and Pharma being the leaders. A mixed trend was witnessed in the broader markets where Midcaps performed in line with the Benchmark Index while Smallcaps outperformed.
Nifty50 has formed a Dragonfly DOJI candlestick pattern but overall positive momentum is likely to push the Index higher to fill the bearish gap zone of 22,430-22,500 while on the lower side, a level of 22,180 (50DMA) will act as support.
Rupak De, Senior Technical Analyst, LKP Securities
Bulls continued to dominate the market as the Nifty gained for the second consecutive session. The trend has turned positive after reclaiming a critical near-term moving average.
Sentiment is expected to remain favorable for bulls as long as it stays above 22,150. On the upside, the index could potentially move towards 22,600-22,700. Conversely, a drop below 22,150 could lead to consolidation in the index.
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