The Sensex closed in the green for the second consecutive session on April 2. REUTERS/Danish Siddiqui/File Photo(REUTERS)AI Quick Read
Benchmark equity indices- the Sensex and the Nifty 50- ended in the green for the second consecutive session on Thursday, April 2, on fag end buying despite weak global cues and a sharp jump in crude oil prices.
The Sensex closed 185 points, or 0.25%, higher at 73,319.55. The 30-share pack vaulted 1774 points from the day's low of 71,545.81 to end in the green. The NSE counterpart Nifty 50 rebounded 531 points from the day's low of 22,182.55 to end at 22,713.10, up 34 points, or 0.15%.
The BSE 150 Midcap index, however, ended with a loss of 0.24%, while the BSE 250 Smallcap index inched up by 0.05%.
The benchmark indices rose for the second consecutive session on buying in select banking and IT heavyweights, including HDFC Bank, Infosys, HCL Tech, TCS, ICICI Bank, and Tech Mahindra, ahead of the start of the Q4 results season.
IT bellwether TCS will announce its Q4 results on April 9. HDFC Bank and ICICI Bank will announce their results on April 18.
Some 24 stocks ended in the green in the Nifty index, while the remaining 26 ended lower.
HCL Tech shares rose 3%, making it the top gainer in the index, followed by Tech Mahindra and Tata Consumer, each up more than 2%.
On the flip side, Asian Paints, Eicher Motors, and Sun Pharma were the top losers, each falling more than 2%.
(This is a developing story. Please check back for fresh updates.)
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Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Nishant is a market reporter at Mint, where he holds the official designation of Principal Correspondent – Markets. He has been closely tracking the Indian stock market as well as major global stock markets along with the broader macroeconomic trends for a decade.
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He is obsessed with breaking down complex financial and economic concepts into clear and engaging stories. He focuses not only on what is happening in the markets, but also why it matters.
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His coverage includes stock market trends, sector rotations, monetary and fiscal policy developments, inflation, growth data, and personal finance strategies.
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With nearly 10 years of experience in covering financial markets, Nishant has covered bull markets, corrections, policy transitions, and macro developments that has equipped him with a deep understanding of how domestic and global forces shape markets and affect investments.
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He regularly interviews market veterans, fund managers, economists, policymakers, and corporate leaders to provide readers with a 360-degree view of market dynamics and the broader economic landscape.
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Before joining Mint, Nishant worked with some of India’s most respected business newsrooms, including The Economic Times and Moneycontrol, where he reported extensively on the stock market, corporate earnings, macroeconomic trends, GDP, inflation, monetary policies of the RBI and the US Federal Reserve, bonds, and currencies.
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Apart from economics and investing, he has interests in geopolitics and emerging technologies, such as AI.