by Sandip Das on 4 April 2024, 5 min read
The Indian stock market ended on a flat note amid volatility on April 3, 2024. At close, Sensex was down 27 points at 73,876.82 while Nifty shed 18 points and ended the session at 22,434.65. Around 2,798 stocks advanced and 1,054 declined while 113 stocks remained unchanged. On the sectoral front, the Realty index was down 2.5 percent and the Auto index slipped 0.4 percent. On the other hand, Power, PSU Bank indices up 1 percent each, and Information Technology, Media index up 0.5 percent each.
Trends on GIFT Nifty indicate a positive opening for Indian indices.
The S&P 500 and Nasdaq closed higher on Wednesday after data showing the US services industry growth slowed further in March, but the advance was limited after Federal Reserve Chair Jerome Powell indicated a cut in interest was still not in sight.
The Dow Jones Industrial Average fell 43.1 points, or 0.11%, to 39,127.14. The S&P 500 gained 5.68 points, or 0.11%, to 5,211.49. The Nasdaq Composite added 37.01 points, or 0.23%, to 16,277.46, according to a Reuters report.
Asia-Pacific markets rebounded following a sell-off in the previous session, as investors digest comments from US Federal Reserve Chairman Jerome Powell.
In Australia, the S&P/ASX 200 rose 0.49%, after clocking losses for two days. Japan’s Nikkei 225 gained 1.34% and was hovering near the 40,000 mark, while the broad-based Topix rose 1.05%. South Korea’s Kospi also gained 1.22%, according to a CNBC.com report.
Foreign institutional investors (FIIs) net sold shares worth Rs 2,213.56 crore. Domestic institutional investors (DIIs) purchased Rs 1,102.41 crore worth of stocks on April 3, provisional data from the NSE showed.
The NSE has added SAIL and Zee Entertainment Enterprises to the F&O ban list for April 4. It retained Hindustan Copper to the said list.
Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment.
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