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Nifty & Sensex closed in DEEP RED for the Second day of the Financial Year, the Sensex closes at 27590 points; Nifty ends below 8,100.

Most Bank stocks suffered strong losses on April 3 after global brokerage Moody’s Investors Service changed the outlook for the banking system to negative from stable, underscoring the negative impact due to disruptions caused by the outbreak of COVID-19.

ICICIBank , AXIS Bank & IndusInd Bank were the top loser in the Nifty50.

India VIX falls 8.4% and ends at 55.

All sectoral indices on NSE closed in the RED except Pharma & FMCG.

Sun pharma claims to be the topmost gainer today and closes 376 , 9.5%up from the previous close.

The Indian rupee was edging lower on Friday and remains above 76 amid growing fears of a coronavirus inspired economic slowdown in India and globally.

In F&O Segment,EQUITAS, JINDALSTEL, NIITTECH, CHOLAFIN, MFSL, RBLBANK, SRTRANSFIN, BANDHANBNK, SRTRANSFIN tanks more than 10 percent.

Please See our Dashboard report below:

Nifty Trend: 

BankNifty Trend

VIX Trend:

Gold-Rate Trend:

Sectorwise Change :

Read more here for detailed report on SECTORS – Indian Stock Market.

New 52Week Lows : 

New 52Week Lows in Nifty50 Stocks : JSWSTEEL, EICHERMOT, MARUTI, SHREECEM

HH-LL Trade Setup:

The above levels are arrived based on Simplest Trading Strategy that works.

DAY HIGHLIGHTS :

• Fitch Cuts India GDP Growth Forecast To 30-Year Low Of 2% For FY21
• SINGAPORE totally shutdown for one month after 7th – APRIL Onwards.
• FPI holding limits for all listed stocks raised to sectoral caps
• Cipla Completes Phase-3 Clinical Study Of A Billion-Dollar Asthma Generic
• SEBI Bars Aptech, Managing Director From Securities Market On GDR Manipulation
• Trump Eyes Global Oil Output Cut of 10 Million Barrels a Day & Brent crude rises above $32 on hopes of oil output deal.
• SEBI Bars Aptech, Managing Director From Securities Market On GDR Manipulation.
• The intensity in the selling was massive, at levels not witnessed in the last 10 years

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