Stock market today: Day trading guide for Nifty 50 to Sensex, seven stocks to buy or sell on April 3

livemint.com:

Stock market today: Both the domestic equity benchmarks, Sensex and Nifty 50, halted their three-day winning streak, as the 30-share benchmark plummeted by 110 points. The 30-share BSE Sensex declined by 110.64 points or 0.15 per cent to settle at 73,903.91. Meanwhile, the broader NSE Nifty dipped 8.70 points or 0.04 per cent to 22,453.30.

“Nifty retreated from record-high levels and remained in negative territory throughout the session to close flat with at 22453 levels. Broader market outperformed by more than 1%. Sector-wise it was a mixed bag with buying seen in Metals, Realty, Oil & Gas, Consumer Durables, and Auto.

Realty sector was in momentum after unsold home inventory declined by 7% in Q4FY24 in nine major cities in India (source: Prop Equity), while stamp duty registration for Mumbai in FY24 also jumped 13% YoY. Metals stocks rallied on the back of rising metal prices globally and India’s Manufacturing PMI surging 16-year high of 59.1 in March," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also read: Stocks to buy: BSE, Crompton Greaves - two stock picks by HDFC Securities with up to 40% upside potential On the outlook for the Nifty 50 today, Rupak De, Senior Technical Analyst, LKP Securities, "The Nifty traded within a range following a flat start.

The index formed back-to-back doji patterns on the daily chart, typically indicating a pause before the next move. However, sentiment remains positive, with the Nifty closing above the important moving average. Momentum also remains positive, as indicated by the RSI in bullish crossover.