NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

Market Benchmarks Decline Amid Weak Sentiment

On Tuesday, 28 April, the Indian stock market experienced a decline due to profit booking as sentiment remains weak amid stalled US-Iran peace talks. The market benchmarks, the Sensex and the Nifty 50, fell by about half a percent during the session. This decline was also influenced by crude oil prices, which jumped more than 1%, exerting pressure on the stock market and the Indian rupee. As a result, the domestic currency declined by 0.30% to 94.50 per dollar in Tuesday's session.

Most Traded Stocks on NSE

The following stocks were among the most traded on the National Stock Exchange (NSE) on 28 April: Vodafone Idea, SEPC, Suzlon Energy, Orient Green Power Company, HCC, Jaiprakash Power Ventures (JP Power), EPACK Durable, Tata Silver Exchange Traded Fund, and Tata Gold Exchange Traded Fund. Other notable stocks included Reliance Power, YES Bank, Ola Electric Mobility, Eternal, Cohance Lifesciences, Adani Power, IRM Energy, RattanIndia Power, Vedanta, ONGC, and Tata Steel.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Notable Stock Performance

Vodafone Idea was among the most active stocks, with more than 49 crore shares changing hands as the stock rose by 5% during the session. This performance is set to extend gains for the second consecutive session, following a jump of 18% so far in April. Orient Green Power Company also saw significant activity, with over 12 crore shares changing hands as the stock surged 20% to hit the upper circuit of ₹13.45. This increase follows the company's announcement of its subsidiary, Gamma Green Power Private Limited, completing capacity expansion. SEPC was another notable performer, with more than 8 crore shares changing hands as the stock soared 20% to hit the upper circuit of ₹9.20.

StockChange in AprilPrevious Months
Vodafone Idea18%-2% (consecutive months)
Orient Green Power Company74%-
SEPC74%-3 months losing run
Suzlon Energy45%-5 months losing streak

These stocks have shown significant performance in April, with Vodafone Idea and SEPC experiencing a surge of 18% and 74% respectively. Suzlon Energy has also gained nearly 45% so far in April, snapping its five-month losing streak.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Investor Takeaway

Market volatility may continue due to global events and crude oil price fluctuations.

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