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​Nifty 50 flirts with three-month high

On Monday, April 18, Indian benchmarks moved higher for the fourth session in a row as technology companies locked in gains.

To remind, on Thursday and Friday the Indian market was closed in observance of public holidays. On Tuesday, April 19, Indian benchmarks will be closed for a public holiday.

The Nifty 50 climbed 0.82% to 7,914.70, while the BSE Sensex 30 rose 0.74% to 25,816.36. TheNifty 50 setathree-monthhigh.

Among the Nifty 50 components, Infosys and Idea Cellular outperformed the broader market, soaring 5.63% and 5.28%, respectively. Cairn India and Bank of Baroda were out of luck, retreating 3.8% and 2.85%, respectively.

On the BSE Sensex 30, Infosys led the advancers, spiking 5.7%. Hero MotoCorp topped the decliners, sliding 2.74%.

Software services provide Infosys shot up 5.6%, the most since July 21.

India’s largest mobile carrier by subscriber base Bharti Airtel added 1%, the most in a week.

Pharmaceutical company Cipla added 2%, reaching a three-week high.

Energy companies underperformed the market as oil prices fell. Oil & Natural Gas dipped most, falling 2.7%.

USD/INR declined 0.11% to 66.551, while EUR/INR edged up 0.07% to 75.2220.

The India VIX, the Nifty 50 index option price index, increased 5.69% to 16.9475.

Technically, on the daily chart the BSE Sensex 30 is moving within a rising trend and is not likely to break out of this trend in the offing.