Trading in the green zone throughout the day, the market closed the day at record levels, driven by a rally in index heavyweights Reliance Industries, L&T, among others. The Nifty closed above the 9200-mark for the first time ever, while the Sensex is now just 100 points away from 30,000-mark. Indices witnessed a sharp surge in the last few hours of trade, pushing them at higher levels. The Sensex was up 289.72 points at 29910.22, while the Nifty was up 64.10 points at 9237.85. The market breadth was healthy as 2,073 shares advanced against a decline of 819 shares, while 125 shares were unchanged. L&T, Dr Reddy’s Laboratories and Reliance were the top gainers on both indices, while Bharti Airtel, Wipro and BPCL were top losers.
Nifty Expert Prediction For Tomorrow (Tuesday, 4th April)
The Nifty50 which opened with a small gap hit a record high in morning trade on Monday but came under some selling pressure. However, bulls were not in a mood to give up that easy and pushed the index to a fresh record high after hitting a bottom of 9,192.40 making a ‘Hanging Man’ kind of pattern on charts. The Nifty50 which opened at a record high of 9,220.60 witnessed some bit of selling pressure which took the index to its intraday low of 9,192.40 but then bulls managed to push the index to a fresh record high of 9,245.35 before closing the day at 9,237.85.
According to expert, “This rally may get a further fillip if RBI succeeds in meeting the expectations of market participants. In such a scenario, we can expect Nifty50 to target 9,350 kind of levels.”
Movers and Shakers of the day:
Bajaj Electricals Ltd closed at Rs 375 per share, up by Rs 62 or 20%.
Kridhan Infra Limited closed at by Rs 61 per share up by Rs 10 or 19%.
Udaipur Cement Works closed at Rs 34 per share up by Rs 5 or 19%.