Sensex and Nifty closed on a strong note on Thursday after two days of cautious trading. Sensex recorded a 350 point jump to reach 74,227.63 while Nifty gained 80 points to close at 22,514.65. The momentum was visible across sectors at the bourses.
Vinod Nair, Head of Research at Geojit Financial Services, said, "Market breadth displayed a positive trend within a narrow trading range, with attention focused on the RBI's upcoming monetary policy announcement tomorrow. Expectations lean towards the likely status quo in the repo rate due to prevalent inflation worries."
All eyes are on the monetary policy statement today which will be delivered by RBI Governor Shaktikanta Das. Here are the stocks to watch during today's trading session:
1) HDFC Bank: The company informed that it sold 3.03 per cent equity in Indraprastha Medical Corporation between February 29 and April 4. Its shares gained 3.15 per cent to end at Rs 1,529 on Thursday.
2) Nestle India: National Consumer Redressal Commission dismissed central government's plea against Nestle India. The Centre had claimed that Nestle indulged in unfair trade practices to sell Maggi Noodles. Its shares closed at Rs 2,551 after declining by 0.12 per cent.
3) Dabur: The company expects mid-single digit consolidated revenue growth in Q4 FY24 due to sluggish demand. Its shares closed at Rs 507.25 after falling by 4.47 per cent on Thursday.
4) Bajaj Finance: In its business update, the company informed that the customer franchise expanded significantly to reach 83.64 million in Q4 FY24 from 69.14 million in the year ago period. Its shares declined by 0.24 per cent to close at Rs 7,291.95.
5) IndusInd bank: Total deposits at the bank posted a 4 per cent increase to reach Rs 3.85 lakh crore in Q4. Its shares closed at Rs 1,545 after recording a 0.15 per cent jump on Thursday.
