Research Report on Equity Markets April 24, 2024
Market Summary :
India’s benchmark indexes ended Wednesday at their highest levels in 2025, led by a rally in information technology stocks after HCL Tech’s encouraging forecast and hopes of a de-escalation in the U.S.-China trade war. The Nifty 50 ended 0.67% higher at 24,328.95 and the BSE Sensex added 0.65% to 80,116.49. The benchmarks logged their seventh straight session of gains, their second such streak in five weeks amid bouts of inflows from foreign investors, easing inflation and forecast for an above- average monsoon. HCL Tech jumped 7.7%, the most on the Nifty 50, as the IT services provider’s full-year revenue forecast outpaced analysts’ expectations and the outlook from its peers.
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