Home » Market Spotlight » What happened in the Indian stock market today (4th Apr 2024)?

What happened in the Indian stock market today (4th Apr 2024)?

Today Stock Market News 04-Apr-2024

On April 4, 2024, the Indian stock market rebounded, with the Sensex opening at 74,413.82 and hitting a new peak at 74,501.73, surging 351 points or 0.47% from its previous close of 73,876.82. 

The Nifty 50 also opened strong at 22,592.10, reaching a record high of 22,619 and closing at 22,514.65, up by 80 points or 0.36% from its earlier close of 22,434.65. 

The market’s upward momentum was attributed to the anticipation surrounding the RBI’s forthcoming monetary policy decision, driving investor sentiment amid optimistic trading activity.

You may also like: Aditya Birla Fashion Share price jumps – here’s why?

Impact on the stock market

Today’s sectoral indices displayed a mixed performance. Nifty Private Bank surged by 1.12%, accompanied by IT at 1.08% and Nifty Bank at 0.92%, securing the top positions among gainers. 

Conversely, Nifty Oil & Gas faced a decline of 1.37%, followed by PSU Bank at 0.70% and FMCG at 0.43%, leading the pack of losers.

Information Technology+1.08%
Oil & Gas-1.37%
PSU Banks-0.70%

Top gainers today

CompanyPriceChange (%)
HDFC Bank1,521.40+2.64%
Eicher Motors4,020.00+2.18%
Asian Paints2,916.45+1.64%
Tech Mahindra1,275.20+1.60%

Top losers today

CompanyPriceChange (%)
Shriram Finance2,499.30-2.24%
Adani Ports1,366.85-2.17%
Bharti Airtel1,206.85-1.54%

Market aftermath: Impact on stocks

Avenue Supermarts hits 52-week high

Avenue Supermarts shares surged over 5% to a 52-week high as it reported a Q4 FY24 standalone revenue of ₹12,393.46 crores, a 20% YoY growth. The growth was driven by a 7% increase in revenue per store and a robust 13% YoY rise in store additions. 

Revenue per sq. ft. grew around 5% YoY to ₹33,451. DMart’s share price has risen over 20% in the past month and over 30% in a year, trading at ₹4,640.05 apiece.

Also Read: India’s food retail revolution: Growth, trends, and insights

HDFC Bank surges 2%

HDFC Bank’s Q4 update saw a 55.4% rise in gross advances to Rs 25.08 lakh crore, with domestic retail loans soaring 108.9% YoY. Despite a 10% decline in stock value this year, the bank’s shares surged 2% on April 4. 

Deposits grew to Rs 23.8 lakh crore, up 26.4% YoY, with retail deposits rising by 27.8%. Foreign investment decreased to 47.83% from 52.3% in December, with FIIs reducing their stake. Notably, Vanguard and Government Pension Fund emerged as new prominent buyers.

Dabur India shares plummet 4% on Q4 revenue growth concerns

Dabur India’s stock dipped over 4% as the company reported mid-single-digit revenue growth for the January-to-March quarter. India’s business and home care segments anticipate high-single-digit growth, while healthcare and food and beverage segments forecast low single-digit growth. 

International business is poised for double-digit growth, particularly in the Middle East and North Africa. Despite this, Dabur India shares have declined by 7% in the last six months and 6.14% in the past year.

Also Read: HUL vs ITC shares – Which FMCG stock is your pick?

Crude oil futures climb

Thursday saw an uptick in crude oil futures following the decision by OPEC to uphold existing production output cuts. June Brent oil futures rose to $89.69 by 0.38%, while May WTI futures reached $85.78, up 0.41%. 

Meanwhile, April crude oil futures on MCX stood at ₹7156, slightly down by 0.08%, with May futures at ₹7115, also down by 0.08%, reflecting initial trading activity.


In today’s market recap for April 4, 2024, the Indian stock market rebounded, with both the Sensex and Nifty 50 reaching new highs. 

Avenue Supermarts surged to a 52-week high on strong Q4 results, while HDFC Bank saw significant growth in advances and deposits. However, Dabur India faced a slight dip amid concerns over Q4 revenue growth. Crude oil futures climbed following OPEC’s decision on production cuts. 

Stay updated with StockGro for more market insights and developments.

Enjoyed reading this? Share it with your friends.

Hunny Meghani

A curious mind, a love for writing, and a passion for all things finance - that's me in a nutshell. Whether I'm exploring the latest stock market trends or diving into the nitty-gritty of personal finance, marketing, and AI. I'm always on the hunt for the next big story.

Post navigation

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *