Indian market (Share market) remained effective on 15 April despite the ban in Maharashtra and Delhi. The Kejriwal government in Delhi has decided to impose curfew in the national capital over the weekend. About 2,00,739 new cases have been reported.
On Thursday, the Sensex (BSE Sensex) climbed 259 points to close at 48,803 on the BSE. Nifty was up 78 points at 14,583 on the NSE. During trading, the Sensex slipped to the lowest level of the day by 48,010 points and the Nifty by 14,353 points.
By the time the market closed on Thursday, investors bought the most stocks in the bank and metal sector. ICICI Bank shares rose more than 2% in banking. TCS shares rose up to 4% in IT. Wipro and Cipla gained 3% each. At the same time, shares of GRASIM, Maruti, IndusInd Bank declined.
Auto stock was the most affected mainly due to macroeconomic restrictions imposed in Maharashtra. It contributes more than 20 percent to the country’s automobile production.
According to Rohit Singre, senior technical analyst, LKP Securities, the index has built a good base near the 14,460–14,350 zone and if it manages to stay above it may move towards the 14,700–14,800 zone. The total range for the Nifty will be between 14,250 and 15,000. Market experts say that there is an opportunity to connect large-cap with the current banking and IT sector, while we are stable on the capital goods, technology, and digital space. Technically, the Nifty can play in the 14,200-14,900 range.