Stock Market Today: Indian stock market benchmarks Sensex and Nifty 50 closed higher for the third straight session on Tuesday, April 23, amid positive global signs.
There are no major signs of escalating tensions in West Asia, and the market’s focus has shifted to corporate earnings, which have been mixed. A significant decline in the volatility index indicates that participants are confident in the short-term market trajectory.
India VIX, the fear gauge that shows how much the Nifty 50 index is expected to change over the next 30 days, fell 20% to near the 10 level. A low India VIX indicates that the market is stable and predictable.
Concerns about geopolitical tensions and the prospects for lower interest rates by the U.S. Federal Reserve have receded, and market participants are keeping a close eye on corporate earnings to bet on blue-chip stocks.
Sensex opened at 74,048.94 against previous close of 73,648.62 and intraday high and low were 74,059.89 and 73,688.31 respectively.
The index ended with a marginal gain of 90 points or 0.12 per cent at 73,738.45 as gains in some big stocks such as Bharti Airtel, ITC, Infosys and SBI were almost offset by declines in Reliance Industries shares.
Reliance’s stock price fell more than 1 per cent a day after the March quarter results were announced.
Also read: Reliance stock ends lower after Q4 results; Should you buy, sell or hold?Here are the opinions of major securities companies:
Nifty 50 opened at 22,447.05 against the previous close of 22,336.40 and intraday high and low were 22,447.55 and 22,349.45 respectively. The index rose 32 points (0.14%) to end the day at 22,368.
Mid-cap and small-cap indexes outperformed their benchmarks. The BSE Midcap index rose 0.52% and the Smallcap index rose 1.05%.
The overall market capitalization of companies listed on BSE is approximately INRFrom almost 400 million INR398 million in the previous trade, giving investors a profit of about $398 million. INR2 billion dollars in one session.
Over 250 stocks including Bharti Airtel, Maruti, Eicher Motors, D-Mart, Grasim and Hindustan Aeronautics hit 52-week highs in intraday trade on the BSE.
On the other hand, crude oil prices rose slightly due to strong economic indicators in Europe. The rupee appreciated by 3 paise and ended at 83.34 rupees to the dollar.
(More will be added in the future)
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