On Thursday, the Indian share market traded in red with the Nifty 50 opening at 24,385.20, reaching a high of 24,400.95 and closing at 24,196.75, down by 0.14%. Similarly, the BSE Sensex opened at 78,677.56, reached a high of 78,730.32, and ended at 77,988.68, down by 0.16%.The Indian share market traded in red, driven by the strong profit booking following the two-day rise, as well as weakness in auto and FMCG stocks.Reasons for the negative sentimentThe following are the reasons for the negative sentiment in the stock market:Profit booking by investors in early trade and heightened volatility on the BSE weekly expiry day.India VIX declined by 3.05% to 18.10, signalling easing volatility in Indian markets. The rupee gained 11 paise to 93.26 against the U.S dollar.Major Indices Today IndicesLTPPrev closeChangeNifty 5024,196.7524,231.30-0.14%BSE Sensex77,988.6878,111.24-0.16%Next 5069,300.6068,569.351.07%Bank Nifty56,086.4056,301.95-0.38%Fin Nifty26,343.6526,445.00-0.38% The major indices, Nifty 50 and Sensex, traded in red, driven by losses in Banking, financials, and realty stocks.Nifty Next 50 traded higher, driven by positive global sentiment and renewed investor optimism. Nifty Bank traded in red due to profit-booking following a sharp rise in the previous session and a weak broader market sentiment.Sectoral Indices Today IndicesLTPPrev closeChangeNifty IT31,817.5031,539.750.88%Nifty Auto26,382.7526,483.10-0.38%Nifty FMCG48,377.9048,290.400.18%Nifty Pharma22,465.0022,435.650.13%Nifty Healthcare14,434.9514,423.650.08%Nifty Oil & Gas11,254.9511,274.65-0.17% Nifty IT traded in the green due to a strong rally in US tech indices. Nifty FMCG and Nifty Pharma traded in the green, driven by renewed hopes of a US-Iran ceasefire.Nifty Oil and Gas traded lower due to a combination of profit booking after a recent rally and potential disruptions to supply chains.Market Movers Today MosChip Technologies: The stock rose by 7% during intraday trading on Thursday following an announcement that the company's board has approved an acquisition of 73% equity stake in Vayavya Labs at a total transaction value of Rs 245 crore.SpiceJet: The stock touched the upper circuit once again on Thursday as it continued with its steep run. The stock was locked in the upper circuit of 5% during morning trade and has gained roughly 42.4% over the past nine days.Tejas Networks: The shares slipped by 4.5% following the week's Q4 results that saw its net loss widen and revenue from operations plunge by 82.55% to Rs 332.69 crore.HDB Financial Services: The stock witnessed a jump of almost 10% following its impressive Q4 results that were buoyed by the lender’s improved asset quality and lower credit costs.Suraj Estate Developers: The shares jumped 16% intraday on April 16 following the company's purchase of a plot of land with a Gross Development Value (GDV) of Rs 100 crore.Top Gainers Company NameLTPPrev CloseChangeBharat Heavy Electricals309.26292.505.73%Crompton Greaves260.97247.955.25%Adani Power193.19183.435.32%Kaynes Technology India4,202.204,016.804.62%Adani Energy Solutions1,222.601,171.154.39% Top Losers Company NameLTPPrev CloseChangeSupreme Industries 3,663.803,830.40-4.35%Astral1,578.701,631.00-3.21%GMR Airports96.7599.22-2.49%Hero Motocorp5,159.505,287.50-2.42%Angel One292.61297.76-1.73% 52W High Stocks Company NameLTP52W highChangeNTPC390.80397.25-0.46%Adani Power193.19194.375.32%Vedanta782.85787.852.19%Hindalco Industries1,039.901,048.702.81%Power Finance Corporation458.90467.003.18% 52W Low Stocks Company NameLTP52W lowChangeR&B Denims14.8814.88-4.98%Lexus Granito18.2318.23-4.95%Perfect Infraengineers1.451.453.57% High Volume Stocks Today Company NameLTPPrev CloseChangeVodafone Idea9.539.440.95%Suzlon Energy50.2549.132.28%Yes Bank19.9519.363.05%HDFC Bank795.45809.90-1.78%Adani Power193.19183.435.32% Market AnnouncementsThe market regulator Sebi has increased the validity period of registration of non-profit organisations listed on the Social Stock Exchange, giving them three years of membership as NPOs without fundraising activities, and has reduced the minimum subscription for Zero Coupon Zero Principal Instruments (ZCZP).Results for HDFC AMC's fourth quarter show a 19% drop in net profit to Rs 623 crore, and the board proposes a dividend of Rs 54.