| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 84,628.16 | -150.68 | -0.18% |
| Nifty 50 | 25,936.20 | -29.85 | -0.11% |
| Nifty Bank | 58,214.10 | 99.85 | +0.17% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| JSW Steel | 1,184.20 | 33.60 | +2.92% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| Trent | 4,725.40 | -73.30 | -1.53% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Metal | 10596.20 | 129.00 | +1.23% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty IT | 35860.40 | -268.70 | -0.74% |
Markets ended the three-day losing streak on selective buying in financials, telecom and utility stocks. The market had run up sharply over the past week or so, but with FIIs turning sellers in the last few sessions and global central banks signalling more hawkish bets going ahead, traders are maintaining a cautious stance.
Technically, the market is witnessing a non-directional activity near the 200-day SMA (Simple Moving Average) and is also holding a lower top formation on intraday charts.
Any fresh uptrend is possible only after the dismissal of 17,700 level and above the same the index could move up till 17,800-17,825. On the flip side, below 17,700 the weak sentiment is likely to continue till 17,550-17,500 levels.
The ongoing Q4 earnings season is the focus area of the market. It has a negative bias due to lower than anticipated initial results announced, in especially the IT sector. The global market has been unsupportive due to expectation of another rate hike and mixed earnings released in the US.
Given cautious global sentiment withdrawal by FIIs during the week has hampered the market trend
Indian rupee closed 8 paise higher at 82.15 per dollar against previous close of 82.23.
: Benchmark indices ended marginally higher in a volatile session on April 20.
At close, the Sensex was up 64.55 points or 0.11 percentat 59,632.35, and the Nifty was up 5.70 points or 0.03percentat 17,624.50. About 1,853 shares advanced, 1,549 shares declined, and 129 shares were unchanged.
NTPC, Adani Ports, Tata Motors, Bajaj Auto and Asian Paints were among the top gainers on the Nifty, while losers were Divis Labs, Eicher Motors, HUL, Dr Reddy’s Laboratories and JSW Steel.
Among sectors, the pharma index was down 1 percent and realty index fell 0.5 percent, while buying was seen in the capital goods, power, infra and banking names.
The BSE midcap and smallcap indices ended on a flat note.
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| DLF | 413.60 | -1.87 | 84.37k |
| Godrej Prop | 1,277.00 | -1.23 | 22.78k |
| Macrotech Dev | 941.50 | -1.15 | 12.19k |
| Oberoi Realty | 912.00 | -1.01 | 5.65k |
In the last one-month Gold has touched $2,000spot, & 61000+rs in India. The outlook still looks bullish as the US Federal Reserve has raised interest rates after 14 years by 500 basis points in the last 12 months, the risk of economic crisis, contraction and recession has risen.
Since last one week before Akshaya Tritiya Gold price has been holding near 60,000 down from 61,350 odd levels in MCX thus investors buying Gold on this auspicious day shall be keenly expected prices to drop somewhat for getting a bargain on the Akshaya Tritiya day that is Saturday 22 April.
Broadly outlook remains positive for Gold as interest rate cycle can come to pause if not reverse in next 3months.
The central banks have been buying Gold also the modes of buying Gold have increased in recent times suggesting forecast of pickup in demand hence provision have been made for accumulation for participants.
-Overweight rating, target at Rs 513 per share
-As part of EV announcements, JLR reiterated its bullish margin & FCF guidance
-Bullish margin & FCF guidance reflected confidence in business
-Clear path to balance sheet de-leveraging could re-rate TTMT
-Could lend more credibility to JLR’s EV future
-JLR guided for £15 billion in capex over next 5 years & double-digit EBIT margin by 2026
The Board of Directors of the company, at its Meeting held today, has considered and approved the sub-division of 1 equity share of the company having face value of Rs 10 each into 10 equity shares having face value of Re 1 each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the company.
Ion Exchange (India) was quoting at Rs 3,422.00, up Rs 53.60, or 1.59 percent on the BSE.
KK Maheshwari resigns as non-executive director of Vodafone Idea
Mr. Krishna Kishore Maheshwari has tendered his resignation as a Non-Executive Director from the Board of the Company with effect from close of business hours on 19 April 2023, citing personal reasons.
-Buy rating, target at Rs 566 per share
-Highest-ever presales and collections in Q4 and FY23
-Company is trading at a significant discount to peers with a similar scale
-Company maintained its presales target of Rs 25,000 crore in FY26
Crude Oil prices extended loss on Thursday with benchmark NYMEX WTI crude oil were trading down by 1.50percentat $78.09 per barrel. In previous session crude oil price tumbled more than 2.0percentas further signs of a US slowdown overshadowed a substantial draw in crude stockpiles.
The concerns over slowing economic growth and expectation of weaker demand growth blocked a broadly bullish inventory report from the EIA that showed US crude stockpiles fell 4.58 million barrels last week.
Short term sentiment turned bearish in oil market as investors focus shifted on demand growth and we expect the same trend will continue for the day.
We expect NYMEX WTI Crude oil prices should decline further as price broke strong support of $79.0 and price will likely to fall towards $75.80 very soon.
NYMEX WTI Crude oil prices having resistances at $79.80/$81.0 per barrel and supports at $77.0/$75.80 per barrel for the day. MCX Crude Oil May future has support at Rs 6,320 and resistance at Rs 6,580.
