Stock Market Highlights: Sensex ends 456 points lower after a choppy session

[ad_1]

4:01 PM

Comment :: Here’s all that happened in the markets today

The domestic market sustained its consolidation trend for the third consecutive day, amid apprehensions regarding geopolitical tensions and drop in the probability of a cut rate in the short-term. Heightened concerns arose following stronger-than-anticipated US retail sales, amplifying the assumption that the US Federal Reserve might delay rate cuts, leading to a notable uptick in the dollar index and US bond yields. The IT sector saw the most significant decline, primarily due to expectations of earnings being affected by the weak discretionary spending in the US and muted domestic Q4 results.

Views by: Vinod Nair, Head of Research, Geojit Financial Services.

3:50 PM

Tech View :: Key levels to watch on Nifty Bank

The Bank Nifty index, after a shaky start, witnessed a recovery in the latter half of the session and managed to close above its 20-day moving average (20-DMA), which is situated at 47,500.

If the index sustains above the 47,500-47,400 range, it could experience a pullback towards the 48,000 level. However, a break below 47,300 on a closing basis might trigger further selling pressure, potentially driving the index down towards the 46,500 level.

Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities

3:46 PM

Tech View :: Failure to hold this level will exacerbate panic in the market…

Technically, the trend has weakened as the index fell below the 21-EMA. However, following the sharp decline, the index may find short-term support within the 21,930-22,030 bands, where previous congestion occurred.

Conversely, failure to maintain support at 21,930 could exacerbate panic in the market. On the higher end, resistance for the short term is positioned at 22,400.

Views by: Rupak De, Senior Technical Analyst, LKP Securities.

2:58 PM

This power related stock has rallied 63% in 4 weeks; zoomed 660% in 1 year

In the past four weeks, the stock price of heavy electric equipment company has surged 63 per cent. While in the past one year, it zoomed 660 per cent. READ MORE

Stock market rally, bull trading, Sensex, nifty

2:30 PM

Aditya Birla Capital aims to double customers with new digital platform

At present, Aditya Birla Capital serves over 35 million customers across its businesses, including lending, insurance, and asset management. READ MORE

Aditya Birla Capital

2:18 PM

Max to invest Rs 2,500 cr in Lucknow, to be largest pvt healthcare network

With an eye on doubling its bed-count in four to five years, Delhi-based Max Healthcare Institute on Monday revealed its plans to invest Rs 2,500 crore for developing hospital infrastructure in Lucknow where it has already completed the acquisition of 550-bed Sahara Hospital for Rs 940 crore. READ MORE

Max Healthcare Institute

2:05 PM

Senco Gold extends rally, up 33% in 2 days; Emkay sees 15.6% upside

Senco Gold shares extended its rally on Tuesday as they soared as much as 12.03 per cent to hit a fresh record high of Rs 1,065.65 per share. READ MORE

Sensex, Nifty, stock brokers

1:51 PM

Srinivas Pallia sold his entire stake in Wipro before taking over as CEO

On April 6, Wipro, the fourth largest software services firm in India, announced the unexpected departure of former CEO Thierry Delaporte and Pallia was made the top boss. READ MORE

Wipro

1:39 PM

IT major LTIMindtree slumps 4% after two senior executives step down

The IT major, on Monday informed the exchanges that Pankaj Chugh, executive vice president, global sales and Gregory Dietrich, executive vice president, global sales, resigned from the services. READ MORE

stock brokers, BSE, NSE, Sensex, Nifty

1:25 PM

This multi bagger stock is down in the dumps now; Check why

Ashnisha Industries stock price has plunged over 53 per cent in the March quarer, with retail shareholding rising sharply to 82.37 per cent. READ MORE

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)

1:06 PM

Goldman Sachs bullish on Indian CDMO sector, recommends buying these stocks

Goldman Sachs attributes India’s underpenetrated CDMO and CRO market to smaller capacities, lack of Innovation with little collaboration between Industry and academia. READ MORE

Photo: Bloomberg

[ad_2]

Read More

Previous post NASA confirms origin of space junk that crashed through Florida home
Next post ‘Queen of Tears’: Exploring Its Heartfelt OST