NIFTY extending gains for a second straight day in new Financial Year 2018-19. The 50-share NSE index NIFTY rose 0.33% to finish at 10245.00 on Tuesday. The Indian benchmark index NIFTY ended higher for the second straight day, reversing its course in the afternoon trade to extend gains in the new financial year 2018-19. Shares of state-run lenders leading the gains after the central bank’s decision to allow lenders to spread their bond trading losses, in a move that will likely boost the profitability of banks.

Looking overseas, European markets trading lower tracking Asian markets which finished broadly lower on Tuesday. The Global stock markets were losing ground today on renewed fears of a trade war between the United States and China and a slump in a technology-sector triggered a selloff.

Ten out of eleven sector gauges compiled by the NSE ended higher led by NIFTY PSU BANK, NIFTY PVT BANK, NIFTY BANK, NIFTY MEDIA, NIFTY AUTO and NIFTY BANK as top gainers. On the flip side, NIFTY IT is the only loser.

From the NIFTY 50 basket of shares, IBULHSGFIN, ICICIBANK, M&M, BAJAJFINSV, HINDPETRO, IOC and YESBANK outperformed as top gainers while TECHM, WIPRO, HINDALCO and TITAN are top losers.

Top shares to watch on April 4

WOCKPHARMA: This stock gained by 3.86% and finished at Rs.778.35 on Tuesday. This stock trading volume inflated 57% with numerous trades were settled intraday. This stock is trading inside the trading range and the support is seen around Rs.715 and resistance is seen around Rs.819.

TATACHEM: This stock trading volume inflated 438% with numerous intraday trades on Tuesday. The firmness of the buyers is evident from the today’s gap appeared in the daily chart. This stock is currently settled above the recent resistance zone and the short term support around Rs.659.

MRF: This stock trading volume inflated 277 with numerous intraday trades on Tuesday. Derivative traders were aggressive in adding long positions and the Open interest gained by 20.59%. This stock is currently settled above the recent resistance zone and the short term support around Rs.69076.

MOTHERSUMI: This stock trading volume inflated 253% with numerous intraday trades on Tuesday. The firmness of the buyers is evident from the today’s gap appeared in the daily chart. This stock is currently settled above the recent resistance zone and the short term support around Rs.302.

JUSTDIAL: This stock weakened by 1.75% and closed at Rs.475 on Tuesday. This stock trading volume inflated 253% with numerous intraday trades. This stock is currently settled above the recent resistance zone and the short term support around Rs.418.

JETAIRWAYS: This stock trading volume inflated 43% with numerous intraday trades on Tuesday. Derivative traders were aggressive in adding long positions and the Open interest gained by 13.21%. This stock is trading around the lower range of its price band and the crucial support zone is around Rs.608.

IRB: This stock surged by 5.33% and closed at Rs.241.9 on Tuesday. This stock trading volume inflated 129% with numerous intraday trades. This stock is currently settled above the recent resistance zone and the short term support around Rs.212.

IBULHSGFIN: This stock surged by 4.45% and closed at Rs.1299.2 on Tuesday. This stock trading volume inflated 76% with 57% of the trades are taken for delivery. This stock is currently settled above the recent resistance zone and the short term support around Rs.1185.

CEATLTD: This stock gained by 3.88% and to close at Rs.1598.55 on Tuesday. This stock trading volume inflated 151% with numerous intraday trades. This stock is oscillating nearer to its resistance zone of Rs.1618.