Ira Singh
Khabar Khabaron Ki,19 April’24
The Indian equity market indices snapped 4-day losing streak and traded on a higher note on Friday,despite a flare up in Middle East conflict. Globally, most markets traded on a weak note.At close, the Sensex was up 599.34 points or 0.83 percent at 73,088.33, and the Nifty was up 151.15 points or 0.69 percent at 22,147. About 1576 shares advanced, 1770 shares declined, and 95 shares unchanged.
Analysts believe that the recovery came on the back of investors covering their short positions despite Israel’s fresh attack on Iran. Going ahead, they suggested investors to stay put amid geopolitical tensions.
Highlights of trade:
●Sensex, Nifty stage a sharp rebound from day’s low,
●Oil prices jump $3, Bitcoin below $60K on Iran-Israel conflict
●Wipro, Jio Fin among 15 companies set to declare Q4 nos,
●Indian government bond yields rise to 3-month high,
●Tokyo’s Nikkei ends down over 1,000 points.
Bajaj Finance, M&M, HDFC Bank, Maruti Suzuki and JSW Steel were among the top gainers on the Nifty, while losers included Bajaj Auto, HCL Technologies, Divis Labs, TCS and Nestle India.
On the sectoral front, Bank and Metal indices were up 1 percent each, and FMCG index up 0.5 percent, while healthcare, IT, power and realty down 0.3-0.6 percent.The BSE midcap index was down 0.4 percent, while the smallcap index ended flat.
Rupee Close :
On 19 April’24,the Indian rupee ended 7 paise higher to 83.47 against the U.S. dollar on Friday versus Thursday’s close of 83.54.
Trading Guide:
Analysts expect bearish bias to persist in the near-term as higher US bonds yields will keep FIIs away from Indian equities.Market experts have recommended seven buy or sell stocks for today- Astra Microwave, KSB, Kalpataru Projects, Eveready Industries, Century Textiles, Bharti Airtel, and Jio Financial.