Stock market today: Day trading guide for Nifty 50 to Sensex, six stocks to buy or sell today — April 30
Day trading guide for today: The Sensex and the Nifty 50, key indices of the Indian stock market, concluded the trading session with notable advances, on April 29. The Sensex commenced trading at 73,982.75, surpassing its previous closing figure of 73,730.16, and reached an intraday peak of 74,721.15, marking an increase of 991 points, or 1.34 percent.
Ultimately, the 30-share pack concluded the session at 74,671.28, registering a gain of 941 points, or 1.28 percent, with 26 stocks showing gains. On the other hand, the Nifty 50 began the day at 22,475.55, compared to its previous closing level of 22,419.95, and surged by 236 points, or 1.05 percent, to achieve an intraday high of 22,655.80.
The index closed at 22,643.40, marking a rise of 223 points, or 1 percent. “Markets witnessed phenomenal buying support as Sensex quickly moved towards the crucial 75K mark after investors cheered strong corporate earnings from select frontline banking and cement companies, indicating their smooth sailing despite the global vagaries.
Optimism prevailed from the start of the trading session as the cooling of US bond yields and letdown in the Middle Conflict coupled with a drop in crude oil prices generated a lot of enthusiasm amongst the investors. With the polling season on, the market is hoping for a clear mandate in favour of the ruling party.
The two-day Fed's monetary policy meeting starting Tuesday will be closely watched by global investors, although markets don't expect any change in the policy outcome," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Also read: US Fed meet ahead: What do dimming rate cut hopes mean for Indian stock market? On the outlook for Nifty today, Rupak De, Senior Technical Analyst, at
. Read more on livemint.com
