For the most part of Thursday, the headline indices traded in a choppy pattern and finally settled in the positive territory. BSE Sensex ended 223 points or 0.73 per cent higher at 30,603, while the broader Nifty 50 index finished below the crucial 9,000 mark, at 8,992, up 67 points or 0.76 per cent. The top Sensex gainers were NTPC, ICICI Bank, Titan and SBI. While the losers were led by HCL Tech, down by nearly 4 per cent, followed by Tech Mahindra and Kotak Mahindra Bank. The markets seem to have turned into a ‘buy on dips’ as investors are awaiting the stimulus package from the Finance Minister. Another trigger would be reopening of facilities by many corporates post April 20th. The NBFC sector got some fillip today on the expectation of RBI relief as well as lines of credit from leading banks.
Nifty50 closed higher at 8992.80 level, 67.50 points, or +0.76 per cent. Nifty Support : 8850 and 8800 Resistance : 9150 and 9300.
