by THO
Live: New day, new high for Nifty? RIL, Aditya Birla Fashion, Hero Moto in focus | Opening Bell
Indian equity market kicked off the April series and the new financial year on a high, even though the Nifty ended below the 22,500 mark after hitting a new peak of 22,530. Experts feel the market may either reverse some gains or consolidate at current levels, with immediate support at 22,300-22,200 levels, but in case of continuation of uptrend, 22,500-22,600 will be levels to watch on the higher side. On April 1, the benchmark indices gained for a third consecutive session. The BSE Sensex rallied 363 points to 74,015, while the Nifty 50 rose 135 points to 22,462. Meanwhile, the volatility fell sharply during the day, making the trend favourabe for bulls. The India VIX, the fear index, dropped 5.84 percent to 12.08, the lowest level since December 13, 2023. RIL, Hero Motocorp and Aditya Birla Capital will be among the stocks in focus today. Catch Nandita Khemka in conversation with Nirav Harish Chheda, Assistant VP at equity Derivatives & Technical Research Retail, Nirmal Bang and Kunj Bansal, National Institute of Securities Markets.
