Market Momentum: Nifty, Index Performance, IPO & Commodity Recap

Flash on the weekly market performance:Despite profit booking, Nifty shows positive momentum, while Sensex reaches new highs led by financial stocks. RBI holds key rates, FIIs sell amid cautious markets. Bank Nifty aims for 50,000; IPOs by DCG Cables & Wires, Teerth Gopicon open. Crude oil surges; gold, silver rise on geopolitical tensions.

Weekly Highlights: April 01- April 05 Recap

- In the Nifty weekly analysis, Nifty is showing a positive performance of 0.84%. Overall, for four days, it formed a doji candle, and on Thursday, the index experienced selling pressure due to profit booking across all sectors. Nifty surpassed the 22,600 levels to touch another new high and is currently trading above the 22,500 levels.

- In the Sensex weekly timeframe, a small-bodied bullish candle formed and closed at 0.81% positive. It touched another new high, mainly driven by financial stocks.

RBI Maintains Rates as FIIs Sell Off Equities Amid Global Uncertainty and Fed Caution.

- The Reserve Bank of India's Monetary Policy Committee unanimously decided to keep the key interest rates unchanged at 6.50 percent for the seventh consecutive time, a much-expected move.
- In this week, Foreign Institutional Investors (FIIs) sold equities worth Rs 3,835.75 crore, and global markets are mixed with cues such as the cautious approach of Fed officials on a rate cut going ahead

Bank Nifty Bullish, Nifty Sectors Surge: Weekly Market Overview and Sector Performance Highlights.

On the weekly time frame, Bank Nifty formed a bullish candle closed at 2.90% positive. It's near the 50,000 level. If Bank Nifty continues the bullish rally, we can expect in the coming week Bank Nifty may cross the 50,000 levels soon. HDFC Bank gives strong support for this positive rally. Weekly gains were 8.79% positive.

- The Nifty Media index jumped 6.7 percent, Nifty Metal added 5.3 percent, Nifty PSU Bank was up 4.2 percent, and Nifty Realty index rose 4 percent.

IPO Alert: DCG Cables & Wires, Teerth Gopicon Open for Applications

DCG Cables & Wires Limited and Teerth Gopicon Limited are currently open for IPO applications.

Commodity Market Recap: Crude Oil Soars, Gold and Silver Surge on Geopolitical Tensions

- Weekly crude oil performance is showing as 5.43% positive ,rising crude oil prices due to supply and geopolitical concerns influencing price movements.

- Gold has again climbed to a new all-time high, currently trading above 70,600 levels, while silver has also crossed the 80,000 levels. This surge is attributed to rising geopolitical tensions, with investors currently focusing on gold and silver.

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