Sensex, Nifty updates on 4th April 2024: In a volatile session, the Indian benchmark equity indices rebounded from two consecutive days of decline on Thursday but are currently trading weak. As per provisional figures, NSE Nifty rose by 0.35% or 79.15 points to 22,513.80, while the BSE Sensex climbed to 74,320.88, up by 0.47% or 350.81 points. Analysts expect the consolidation phase to continue due to the lack of triggers, with focus on the RBI monetary policy outcome on Friday. The RBI’s rate-setting panel started its deliberations, expected to keep the key interest rate unchanged and focus on inflation control. US stocks ended mixed on uncertainty over interest rates. Ashwin Ramani of Samco Securities noted Nifty’s steady rise and the fall in India VIX, comforting bulls. Ruchit Jain of 5paisa.com highlighted Nifty’s consolidation amid global uncertainties, while Sheersham Gupta of Rupeezy suggested reduced volatility in the Nifty over the next few days.
