The Indian stock market closed in the green mark on 27 April with good momentum. The BSE Sensex and NSE Nifty index saw a jump of around 1.15% on the basis of good buying. The market had gained 1% on Monday on the previous day as well. Metal sector stocks performed well again. Let’s understand what was important in the market-
The Sensex had risen to trade above 49,000. At the same time, the Nifty 50 index was also close to 14,650 at the time of closing the market.
The big things of the business of April 27-
The BSE Sensex gained 557 points, while the NSE Nifty 50 Index gained 168 points.
At the time of closing the market, 6 out of 30 stocks of the Sensex pack remained in the red mark. 42 stocks out of 50 of the Nifty pack.
In the Nifty pack, Divis Labs, JSW Steel and Tata Steel stocks hit a new peak of 52 weeks.
The Nifty Smallcap 100 and Nifty Midcap 100 indices also closed in the green mark with a bounce. The midcap index gained 1.57% while the smallcap index gained 1.74%.
The Volatility Index (VIX) has fallen by 1.79% to reach 23.08.
Open – 14,493.80
Close – 14,653.05
Variations – (+ 1.16%)
High – 14,667.55
Open – 48,424.08
Close – 48,944.14
Variation – (+ 1.15%)
High – 49,009.26
The reason for the rise of the market-
Despite mixed signals from overseas markets, Bulls had a good hold in the stock market on Tuesday. In the past, the valuation of stocks has improved due to the fall due to fear of rising cases of corona. In such a situation, the demand of shares is being seen by the investors at good prices. The investor is also largely satisfied with the fourth quarter results. The market continues to be sold by foreign investors, but at the same time domestic institutional investors have emerged as strong buyers in the past.
Which sector did how well?
Like the previous day, on April 27, most of the Nifty sector-based indexes were rising. The metal index gained 2.71%, climbing the most. At the same time, the Nifty Bank Index gained 1.43% and the Energy Index gained 1.16%. Nifty Auto, IT, Financial Services, Pharma, FMCG and Realty sectors gained up to 1%.
Nifty-50 shares seen the fastest in these stocks
Hindalco (+ 5.07%)
Tata Steel (+ 4.38%)
Larsen (+ 3.60%)
Divis Labs (+ 3.58%)
Bajaj Finance (+ 3.16%)
These shares of Nifty-50 are broken.
HDFC Life Insurance (-3.58%)
SBI Life (-1.64%)
Stocks that remain most active-
According to Value, Axis Bank, Tata Steel and Reliance were the three most active stocks in the Nifty. At the same time, according to the volume, the stock of Axis Bank, SBI and Hindalco dominated.
What is the sign next?
The constantly growing Corona cases can be worrying for the market. Investors will also be watching the fourth quarter results for the next few days. Investors should trade with caution.