Sensex, Nifty outlook: A positive divergence on the daily RSI indicates the possibility of short-term bullish momentum, said an analyst.
Five stocks, namely Reliance Industries, SBI, HDFC Bank, L&T and Axis Bank, contributed largely to the Sensex’s surge.
Wednesday's gains brought much-needed respite to domestic benchmarks, which fell over 10 per cent in March, as foreign investors dumped Rs 1,17,775 crore worth shares and rupee tumbled to fresh lows.
Among Sensex constituents, Trent gained 5.93% to Rs 3489.95. Bharat Electronics (BEL) jumped 4.26%.
Master Capital Services has shared eight F&O trading ideas with investors, which includes four long and four short trading views with entry levels, targets, stop loss and margins required.
Nifty futures on the NSE International Exchange were 376.80 points, or 1.68 per cent, up at 22,803, hinting at a positive start for the domestic market on Wednesday.
In the smallcap space, a total of 793 stocks ended the financial year in the red, while 301 managed to stay in the green.
Stock market correction: A big selloff on Monday-the last trading day of the financial year - tightened grip of bears on the Dalal Street.
Nifty remained below the falling 10-DEMA, and repeated rejection near short-term averages reflects distribution on every bounce, said Dhupesh Dhameja of SAMCO Securities.
India’s equity markets are currently undergoing a sharp valuation reset, with the Sensex trading near its lowest price-to-earnings levels since the COVID-19 crash of 2020. In this explainer, Sakshi Batra breaks down what is driving the sustained pressure on Indian equities — from heavy foreign portfolio investor selling and global geopolitical tensions to a weakening rupee and cautious earnings outlook. With FIIs pulling out billions of dollars and benchmark indices correcting significantly from recent highs, market sentiment has turned increasingly risk-averse. Despite this, select sectors such as financials, defence, and premium consumption continue to show resilience. This video explains whether the current fall is a short-term correction or a deeper structural reset, and what it could mean for investors going forward.
Investors lost Rs 51 lakh crore worth of wealth in March, more than the GDP of India's top state, Maharashtra, as Bears reigned supreme on Dalal Street.




