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Vibhu Jain

4th May · SEBI-Registered Analyst

JIOFIN

The broader market environment on 4 May 2026 was positive, with the Sensex opening 343.77 points higher and trading at 77,311.58, up 0.52%. Despite this, the Sensex was positioned below its 50-day moving average, which itself was below the 200-day moving average, indicating a cautious medium-term market trend. Mega-cap stocks led the market gains, contributing to the overall positive sentiment. Against this backdrop, Jio Financial Services’ 2.98% gain significantly outperformed the Sensex’s 0.52% rise on the day. Over the past month, the stock has delivered a 10.54% gain, nearly doubling the Sensex’s 5.44% increase during the same period. However, the stock’s year-to-date performance remains negative at -13.97%, lagging the Sensex’s -9.28% decline. Over longer horizons such as one year and three years, Jio Financial Services has underperformed the benchmark index, with returns of -1.91% and 0.00% respectively, compared to Sensex gains of -3.96% and 25.20%

#TechnicalViews
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