Stock Market|NSE,BSE remained closed on Tuesday on account of Mahavir Jayanti
Ira Singh
4 April ’23
The National Stock Exchange of India (NSE) and the BSE remained close on Tuesday, April 4 on account of Mahavir Jayanti.
Wholesale commodity markets, including metal and bullion, also remained closed. There was no trading activity in the forex and commodity futures markets either.
On April 3, the S&P BSE Sensex ended 114.92 points or 0.19 percent higher at 59,106.44, while Nifty was up 38.20 points or 0.22 percent at 17,398, according to reliable sources.
Upstream oil companies were in limelight after crude oil prices rose to one-month high post OPEC’s surprise production cut. RBI’s policy announcement would be the key event this week where in investors would ascertain for indication with regards to rate hike pause. This along with shortened trading week would keep the market range-bound.
Hero MotoCorp, Coal India, Bajaj Auto, Maruti Suzuki and Eicher Motors were among the biggest gainers on the Nifty, while losers were BPCL, Apollo Hospitals, Adani Enterprises, ITC and Infosys.
The benchmark indices experienced range-bound activity. Although the Sensex gained 114 points, the Nifty ended 38 points higher. While intraday profit booking was observed in a few Oil and Gas and Metal stocks, the Auto and PSU Banks indices among sectors both increased by over 1 percent, according to sources.
The BSE midcap index up 0.4 percent, while smallcap index rose 1 percent.