India's financial markets take a break and remain closed today, Thursday, April 11th, for a national holiday, the occasion of Eid-al-Fitr. Trading is set to resume on Friday, April 12th, after the one-day pause. This break comes on the heels of a positive performance from the country's key equity indices on Wednesday, April 10th.
The National Stock Exchange's benchmark Nifty 50 index climbed 0.49%, settling at 22,753.80 points. Meanwhile, the BSE Sensex, the flagship index of the Bombay Stock Exchange, gained 0.47% to close at 75,038.15. The upward momentum was primarily driven by strength in the metals and energy sectors.
Despite the gains, both indices traded within a relatively tight range over the past year. The Nifty 50's 52-week high and low stood at 22,775.70 and 17,553.95, respectively. As for the Sensex, its 52-week range spans 75,124.28 on the higher end and 59,412.81 on the lower end.
Nifty 50 (Source: (Investing.com)
This is one of India's largest private lenders and it saw its shares dip 0.88% on Wednesday to close at Rs 1,534.95. While the stock retreated modestly, its performance over the past year has been impressive, with a 52-week range of Rs 1,363.55 to Rs 1,757.50. HDFC Bank commands a market capitalization of Rs 11.67 trillion, cementing its position as a heavyweight in the Indian banking sector.
Tata Consultancy Services Ltd, India's largest IT services company, witnessed a 0.87% uptick in its stock price, closing at Rs 3,980.75. TCS's 52-week range reads at Rs 3,070.25 to Rs 4,254.75, indicating the potential for further upside. With a market cap of Rs 14.41 trillion and an average daily trading volume of 2.67 million shares, TCS remains a prominent player in the technology space.
Hindustan Unilever Ltd, a subsidiary of the British consumer goods giant Unilever, saw a marginal 0.16% loss in its share price, closing at Rs 2,260.50. The company, which manufactures a diverse range of products including foods, beverages, and personal care items, has a market capitalization of Rs 5.32 trillion. Hindustan Unilever's stock has traded between Rs 2,232.00 and Rs 2,769.65 over the past year.
Bajaj Finance Ltd, a leading non-banking financial company, added 0.36% closing at Rs 7,219.85. The stock has experienced a 52-week range of Rs 5,786.00 to Rs 8,192.00, reflecting the company's strong performance in the financial services sector. Bajaj Finance boasts a market capitalization of Rs 4.47 trillion and an average daily trading volume of 1.18 million shares.
Reliance Industries Ltd, India's largest company by revenue and market capitalization, saw its shares climb 0.95% to Rs 2,955.00. The conglomerate, with interests spanning energy, petrochemicals, and telecommunications, has a market cap of Rs 20.02 trillion. Reliance Industries' stock has traded within a range of Rs 2,107.64 to Rs 3,024.90 over the past 52 weeks, with an average daily volume of 5.27 million shares.
As these markets take a breather today due to the holiday, investors will be closely monitoring these and other key stocks when trading resumes tomorrow, Friday, April 12th.
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