The market reversed its morning gains to close moderately lower on Friday as investors remained cautious due to mixed earnings (so far) and ahead of French election on Sunday. Hawkish RBI tone in its latest minutes and consistent selling by FIIs in April (after highest ever buying in March) also dampened sentiment.
The Sensex closed down 57.09 points at 29,365.30, and the Nifty slipped 17 points to 9,119.40 after hitting an intraday high of 9,183.65, dragged by FMCG, health care, select auto and banking & financials stocks.The broader markets continued to outperform benchmarks with marginal gains on positive breadth. About 1455 shares advanced against 1417 declining shares on the BSE.
On the global front, European markets gained momentum despite a suspected terrorist attack in France two days before a key presidential vote. Asian stocks closed higher.
Top Gainers:Bharti Infratel, Reliance, HDFC Bank, NTPC, Tech Mahindra.
Top Losers: sun Pharma, Bank of Baroda, Adani ports, ITC, Wipro.
Share Tips For Tomorrow: 24th April
Buy RUSHIL at above 672 Targets 678, 684 , 690 Stop loss 660
Buy TFCILTD at above 84.8 Targets 85.6, 86.4, 87.2 Stop loss 83.2
Nifty Trend For Tomorrow
According to our technical analysis, tomorrow Nifty Market seems to follow the Bearish Trend, with having the Support around 9075, 9035 and Resistance around 9075, 9035 Selling On High will be beneficial for the traders.
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