The Indian stock market opened with a great start on Thursday’s trading session, April 4, 2024. Both the Sensex and the Nifty 50 hit their fresh all-time highs in today’s morning trade session. Speaking about Sensex, it started with a fresh all-time high of 74,501.73, up almost 1% as compared to Wednesday’s session. On 3rd April 2024, the Sensex closed at 73,876.82 and today it opened at 74,501.73. On the other hand, Nifty 50 closed at 22,434.65 on Wednesday’s trading session and opened at 22,592.10 on Thursday and soon jumped about a per cent to hit its fresh record high of 22,619. 

At 09:25 AM, the Sensex was at 74,272 with a slight rise of 0.54 per cent whereas the Nifty 50 was at 22,552 with a rise of 0.52 per cent. Over the last three days, the market was opening with a lower start and ending with a lower close but on Thursday, the benchmark indices of India started at an all-time high and even ended on a high note influenced by optimistic cues from global peers. As we earlier mentioned, Sensex, which had started the day higher at 74,413.82, rose to a new all-time high of 74,501.73, but for the majority of the day, it stayed close to the low of 73,485.12. The Sensex closed at 74,320.88, up 444.06 points, or 0.60%.

In the meantime, the Nifty 50, which began trading at a record high of 22,592.10, touched 22,619.00 in the first trades, setting yet another new record high. However, the Nifty 50 also spent the majority of the day in the red, following the Sensex. The Nifty 50 closed at 22,514.65, up 80 points, or 0.36%. Investors are satisfied with today’s trading session, however, some experts had a word of caution. The CEO of Hedged.in, Rahul Ghose presented his views and said that despite having all-time high trades in both Nifty and Sensex in today’s trading session,  it is yet essential to understand that markets are slightly overvalued and the stance should shift to being cautious and not overly bullish.

He said, “The upside of the market before elections is capped from this level and from a risk-to-reward perspective it is better to not be in aggressive longs at this point. There have been 5 rejections from the all-time high levels up to now.” 

Moreover, Thursday’s closing values for 21 out of 30 equities on the Sensex index were positive and closed in the green. The top stocks in today’s trading session were HDFC Bank, Tech Mahindra, TCS, Titan, and Asian Paints whereas JSW Steel, Bharti Airtel, ITC, and Power Grid Corp… as the top drags. Whereas on Nifty50, out of 50 stocks, 31 concluded today’s session with green led by Mahindra, Tech Mahindra, Asian Paints, HDFC Bank, Titan, and Eicher Motors. These stocks appeared as the top gainers whereas Adani Ports & SEZ, Bharti Airtel, ONGC, Shriram Finance, and BPCL emerged as the top drags. Hence, the stock market concluded on a mixed note, with the MSE MidCap index ending at 0.11 percent and the BSE SmallCap index ending at 0.54%. 

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