Closing market podcast for April 03, 2018

The S&P BSE Sensex bounced back in last one hour of trade on Tuesday as bulls pushed the index higher by over 100 points on Tuesday, helped by gains in ICICI Bank (largely short coverings), followed by RIL, and Mahindra & Mahindra (M&M).

The Nifty50 index which is trading above its short-term moving average reclaimed 10,250 levels in trade today. Bulls managed to defend 10200 level on a closing basis as bears managed to push the index below 10200 to hit its intraday low of 10171.05.

The S&P BSE Sensex closed 115 points higher or 0.35 percent at 33,370.63. The Nifty50 rallied 33 points higher or 0.33 percent at 10,245.

The S&P BSE Smallcap index ended 1.3 percent higher while the S&P BSE Midcap index ended 0.92 percent up.

Sectorally, the S&P BSE Power, banks, PSU rose over 1 percent while the consumer durable and auto stocks saw some bit of profit booking.

Almost 28 stocks on the NSE hit a fresh 52-week high while over 70 stocks on the BSE rose to fresh 52-week highs which include names like LG Balkrishnan, Bajaj Electricals, MRF, Nestle India, Britannia, Chola Finance, IndusInd Bank, Indigo, Apollo Tyres etc. among others.