Nifty Smallcap 100 index reaches all-time high, Nifty 50 and Sensex also climb. Global cues and oil price fall boost Indian equities. Small-cap stocks recover in April post regulatory scrutiny. In the current month so far, the index has rallied 9.8%.
Indian stock market today: Experts recommend nine stocks to buy or sell today Larsen and Toubro, CESC, DLF, GAIL, Zensar Tech, BSE, Indusind Bank, Railtel and Tata Motors.
Nifty 50 closes flat after hitting a new high at 22,297 points. The short-term outlook remains positive with resistance at 22,400. 10 out of the 50 constituents of the index achieved new record highs. In terms of sector-specific performance, Nifty Media jumped by 1.36%.
Among individual stocks, HCL Tech stood as the top gainer with a rally of 3.1%, followed by Tech Mahindra, TCS, Wipro, MphasiS, Infosys, L&T Technology Services, LTIMindtree, Coforge, and Persistent Systems, all closing higher by 0.5% to 2.4%.
Zomato and Trent have led the Nifty 100 index with stellar returns, with Zomato shares generating a tremendous return of 207% and Trent shares rewarding shareholders with a massive return of 192%.