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Sensex Prediction for Thursday, April 2 by experts: The stock markets closed on a strong footing, nearly 2 per cent higher, on Wednesday – the first day of the new financial year FY27 – with benchmark indices witnessing a broad-based rally across sectors, in tandem with global peers amid hopes of de-escalation in the West Asia conflict.
As the trading resumes for the second day of the financial year 2026-27, experts suggest the markets are likely to remain volatile, with movement largely dependent on global cues, crude oil trends, and follow-through buying at higher levels.
Sensex at close on Wednesday, April 1
Hitesh Tailor, Technical Research Analyst, “On 1st April 2026, the BSE Sensex closed at 73,134.32, gaining 1,186.77 points (+1.65%), as markets witnessed a strong rebound supported by broad-based buying and improving global sentiment. The recovery was aided by easing concerns around geopolitical tensions in the Middle East, which helped stabilise crude oil prices and improved overall risk appetite.”
He further noted that the index opened on a firm note and extended its gains to hit an intraday high of 73,964.58, reflecting strong buying momentum in the first half. However, profit booking at higher levels led to a decline, dragging the index to an intraday low of 72,971.68, before it recovered partially and settled at 73,134.32, indicating some resilience despite late-session volatility.
“Sector-wise, gains were led by PSU Banks, Metal, Media and IT indices, followed by strength in Auto, Financial Services and Consumer Durables, while Pharma and Healthcare remained relatively subdued,” he added.
Sensex Prediction for Thursday, April 2 by experts
As markets head into Thursday’s trading, analysts are watching the 74,000 mark closely. Despite a rebound on Wednesday, technical experts remain split on whether this is a structural reversal or a relief rally within a broader downtrend.
Sensex Prediction for Thursday, April 2 by Hitesh Tailor
From a technical standpoint, as per Tailor, the index has shown a sharp pullback from lower levels, suggesting the emergence of demand near key support zones, although the broader trend still requires confirmation through sustained upside follow-through.
Key technical levels to watch on Thursday
Key technical levels indicate that support is placed in the 72,400–72,500 zone, which may act as a crucial demand area, while resistance is seen around 73,900–74,000, where any further upside could face supply and profit-booking pressure, Tailor noted.
On the market bias for Thursday, Tailor said, “With a strong rebound after recent weakness, the near-term outlook turns cautiously positive, though continuation of the up move will depend on sustained buying and the index’s ability to move past resistance levels.”
Sensex Prediction for Thursday, April 2 by Vipin Dixena
SEBI-registered analyst, Vipin Dixena, warned that the intraday structure continued a downtrend, reflecting “lower highs and lower lows. “SENSEX is struggling below the falling 50 EMA, indicating sustained bearish pressure,” he added.
Support, resistance levels to watch on Thursday
Immediate resistance is at 73,800–74,000, while support lies at 73,000. RSI is near 50 is showing a mild bounce but lacks strong momentum, suggesting a pullback within a downtrend, Dixena said.
“Any rise towards 73,800 is likely to face selling; breakdown below 73,000 can extend the move towards 72,200–71,800. Bias remains bearish,” the analyst suggested.
Stock Market Highlights: Sectoral performance on Wednesday, April 1
Sectorally, BSE Services surged 4.99 per cent, followed by PSU Bank (3.66 per cent), Industrials (3.40 per cent), Capital Goods (3.29 per cent), MidSmall Private Banks Quality Tilt (3.07 per cent), Consumer Discretionary (2.79 per cent), Commodities (2.72 per cent), and IT (2.40 per cent). BSE Healthcare emerged as the only laggard.
A total of 3,828 stocks advanced while 508 declined and 101 remained unchanged on the BSE.
Brent crude, the global oil benchmark, declined 0.22 per cent to USD 103.7 per barrel.
Stock markets were closed on Tuesday for Shri Mahavir Jayanti.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 11,163.06 crore on Monday, according to exchange data. Domestic Institutional Investors (DIIs), however, bought stocks worth Rs 14,894.72 crore.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
