Ajit Mishra, VP - Research, Religare Broking

Markets extended yesterday’s gain and ended higher over a percent. The benchmark opened flat amid mixed global cues however it gradually inched higher as the day progressed citing investors’ expectations from earnings outcome by heavyweights. Sectors such as banking, metals, consumer durable witnessed healthy buying interest from participants. In addition, the progress of the vaccination drive and a dip in the COVID cases further boosted sentiments. We’re currently dancing to the global tunes and prospects of upbeat earnings have further strengthened the recovery. We feel Nifty can test 14,800 next if it manages to hold above the 14,600 zones. Participants should align their positions accordingly and prefer sectors that are showing consistent buying interest.

Apr 27, 2021 4:20 PM

Ruchit Jain, Senior Analyst - Technical and Derivatives, Angel Broking

The index started the session on a flat note today, but it witnessed a gradual upmove throughout the day. Amidst participation from the broader market, Nifty ended at its high point of the day around 14,650 with gains of over a percent. Today we witnessed good participation from the broader markets and if the momentum has to continue, then Nifty will have to break the above-mentioned barrier. Traders are advised to keenly keep a tab and look for opportunities where price up moves or consolidation breakouts are supported by good volumes.

Apr 27, 2021 4:19 PM

Shrikant Chouhan, Executive Vice President (Equity Technical Research), Kotak Securities

The market continues to remain positive for the second day in a row. Today once again the benchmark index -- Nifty/Sensex opened with a strong gap and quickly surpassed the 14,550/48,600 mark, which is short term resistance level. The important point is, market not only crossed the resistance mark but even traded above 14,550/48,600 levels which is grossly positive for the Nifty/Sensex. Technically, the Nifty has held a level of 14,550/48,600 which suggest bulls are in total control and would like to take this ride towards 14,750-14,800/49,300-49,800 levels.

Above 14,550/ 8,600 levels, we may see a pullback rally to continue up to 14,700-14,750/49,100-49,300. There is a possibility of a further upside that may continue to push the index upwards, till 14,800/49,800. On the flip side, dismissal of 14,550/48600 could open one more leg of correction up to 14,485/ 48,200 levels.

Apr 27, 2021 4:16 PM

Manish Shah, Founder, Niftytriggers.com

Nifty closed the day sharply higher and this was a conviction candle that has a wide trading range. Nifty has finally closed above the gap formed between 16-19th of April. This is a bullish development. On the lower time frame charts there is a pattern of higher highs and higher lows. A sign of a change in trend. Nifty is now below the resistance of falling trendline and minor high at 14,700-14,750. A breakout out 14,700-14,750 would mean a breakout of a falling wedge pattern. If this happens it will be a very bullish development. Current momentum needs to sustain and move beyond 14,700-14,750 for the rally to continue to 15,430 and higher. The support at 14,380 is important and any decline to this level could be a buying level. We are two more days to April expiry. The volatility could be high. Guess May could be an important month for Nifty.

Apr 27, 2021 4:15 PM

Here are key stocks that moved the most on April 27

The Indian equity market ended higher Tuesday led by strong gains in metals, banks and auto stocks. The Sensex surged 557.63 points, or 1.15 percent to 48,944.14, while the Nifty closed 168.85 points,…

Apr 27, 2021 4:05 PM

Apr 27, 2021 3:52 PM

Apr 27, 2021 3:52 PM

Rupee At Close | The Indian rupee ended marginally higher at 74.66 per dollar, amid buying in the domestic equity market. The local currency opened higher by 5 paise at 74.67 per dollar against the previous close of 74.72 and traded in the range of 74.51-74.73.

Apr 27, 2021 3:44 PM

Market At Close

- Market Gains For 2nd Straight Day To Close At A Nearly 3-week High

- Frontline Indices Post Gains Of Over 1% Each

- 41 Nifty Stocks Close In The Green; Hindalco, Tata Steel, L&T Top Gainers

- Sensex Rises 558 Points To 48,944 & Nifty 168 Points To 14,653

- Midcap Index Gains 372 Pts To 24,047 & Nifty Bank 460 Pts To 32,735

- Market Breadth Favours Advances With Advance-Decline Ratio At 5:2

- Metal Shrs Move Higher On Rising Prices; Hindalco Up 5%, Tata Steel Up 4%

- Reliance Biggest Nifty Contributor To Nifty For 2nd Straight Day

- Bajaj Finance Closes With Gains Of Nearly 3% Ahead Of Its Earnings

- Maruti Slips 1% Amid Volatility Post Mixed Earnings For Q4

- Kotak Bk Closes With A Minor Cut After RBI’s Rule On MD & CEOs’ Tenure Of Bks

- Alkyl Amines & Balaji Amines hit Upper Circuit On Demand Rise

Apr 27, 2021 3:43 PM

Closing Bell | The Indian equity market ended higher Tuesday led by strong gains in metals, banks and auto stocks. The Sensex surged 557.63 points, or 1.15 percent to 48,944.14, while the Nifty closed 168.85 points, or 1.17 percent higher at 14,653.85. Broader markets supported the rally with smallcap and midcap indices rising over 1.5 percent each.

All the sectoral indices ended in the green with Nifty Metal and Nifty PSU rallying over 2 percent each followed by pharma, auto, financial services and IT indices. Hindalco Industries, Tata Steel, Larsen & Toubro, Divi's Laboratories and Bajaj Finance were the tp Nifty50 gainers, while HDFC Life Insurance, SBI Life Insurance, Maruti Suzuki, NTCP and Nestle India were the top index lsoers.

Apr 27, 2021 3:36 PM

OPEC+ to meet Tuesday amid concern about rising virus cases

OPEC and its allies led by Russia will meet on Tuesday to discuss production policy amid upbeat forecasts for energy demand despite concerns about new coronavirus spikes in India, Brazil and Japan. The group, known as OPEC+, will hold its joint ministerial monitoring committee (JMMC) meeting on April 27 instead of April 28 as planned earlier, according to three OPEC+ sources and an OPEC+ document seen by Reuters.

Apr 27, 2021 3:21 PM

Apr 27, 2021 3:08 PM

Here's why steel, aluminium and copper prices have been rallying globally

Metal stocks continue to rally globally riding on a surge in steel, copper and aluminium prices.Get latest Commodities online at cnbctv18.com

Apr 27, 2021 3:00 PM

Do not subscribe to Shalby OFS: Yash Gupta Equity Research Associate, Angel Broking

Shalby Ltd. one of the promoter groups came up with the Offer for sale at Rs 111 which is 1 percent discount to its current market price of Rs 112.25. The company announced Offer for Sale of shares of the company by one of its Promoter, Shah Family Trust through the Stock Exchange Mechanism. Promoter has set the floor price of Rs 111 for Non-retail as well as retail shareholder. The company has fixed the 27th April 2021 as a time window for retail participants to apply for an offer for sale. Promoter has offered 5.38 percent of the total paid up equity share capital of the company.

We suggest retail investors not to apply for this OFS as there will be very remote chances of getting any gains. After the OFS stock may see some pressure for a couple of weeks.

Apr 27, 2021 2:52 PM

State Bank of India | SBI to consider fundraising up to $2 billion in FY22 via unsecured notes in its board meeting on April 28.

Apr 27, 2021 2:42 PM

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