NIFTY takes a breather on halting the longest rally in over three years. The 50-share NSE index NIFTY fell 0.21% to finish at 10526.20 on Wednesday. The Indian benchmark index NIFTY snapped the nine-day winning streak, the longest rally in over three years as banking stocks came under heavy selling pressure in the final hour of trade today. Now the investors will look on to the earnings result of the IT heavyweight TCS and INDUSIND BANK, which is expected to release on Thursday.

Looking overseas, European markets trading higher tracking Asian markets which finished broadly higher on Wednesday. The Global markets rallied today as geopolitical tensions and concerns over a potential U.S.-China trade war continued to fade and focus turned to the corporate earnings season.

Eight out of eleven sector gauges compiled by the NSE ended lower led by NIFTY PSU BANK, NIFTY BANK, NIFTY PVT BANK, NIFTY FIN SERVICE and NIFTY AUTO as top gainers. On the flip side, NIFTY FMCG, NIFTY MEDIA and NIFTY REALTY are the top gainers.

From the NIFTY 50 basket of shares, HINDPETRO, AXISBANK, TITAN, LUPIN, and TECHM underperformed as top losers while ITC, WIPRO, ULTRACEMCO, ZEEL, and GAIL are top gainers.

Top 4 shares to watch on Thursday 19 April

ITC: This stock gained by 2.90% and finished at Rs.275.35 on Wednesday. This stock trading volume inflated 249% with numerous intraday trades. This stock is regularly advancing for 3 days and currently oscillating nearer to its resistance zone of Rs.285.

AXISBANK: This stock plunged by 2.66% and to close at Rs.518.25 on Wednesday. This stock is one of the top traded stocks with numerous intraday trades. This stock is currently trading inside the trading range and the support is seen around Rs.495 and resistance is seen around Rs.550.

HINDALCO: This stock surged by 1.42% and to close at Rs.242.80 on Wednesday. This stock is one of the top traded stocks with numerous intraday trades. This stock is currently trading above the recent support zone and the near term resistance is seen around Rs.255.

INDUSINDBANK: This stock plunged 1.25% and to close at Rs.1843.60 on Wednesday. This stock is one of the top traded stocks with numerous intraday trades. This stock is currently trading above the recent resistance zone and the short term support is around Rs.1800.