STOCKS TO WATCH FOR 9 APR
RECLTD
BSOFT
EXIDEIND
INDIACEM
JUBLFOOD
LICHSGFIN
NAUKRI
OBEROIRLTY
PIIIND
TATACHEM
PNB
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Indian benchmark indices are expected to continue their bullish momentum on April 9, following the positive sentiment from the previous trading session. The Nifty 50 and the Sensex surged to record highs on April 8, supported by favorable global cues and strong buying interest in key sectors such as auto, realty, and oil & gas. Despite some profit-taking in select stocks, the overall market outlook remains optimistic, driven by expectations of political stability and robust growth momentum.
Key Highlights from April 8:
- Sensex closed up by 494 points at 74742, while Nifty ended up by 152 points at 22666.
- Nifty Bank index also reached a record high, crossing the 48700-mark for the first time, driven by renewed investor optimism ahead of the Lok Sabha Elections in 2024.
- Top Nifty gainers included Mahindra & Mahindra, Eicher Motors, Maruti Suzuki, and Reliance Industries, while losers were Wipro, LTIMindtree, Adani Ports, Nestle India, and Apollo Hospitals.
- Majority of sectors contributed to the bullish momentum, with auto, energy, and realty among the top gainers.
- Market sentiment remained buoyant, supported by robust global cues and strong domestic fund flows.
Expectations for April 9: