Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed in negative territory on April 15. The NSE Nifty 50 lost 241 points or 1.07% to close at 22,277.85, while the BSE Sensex pulled back 860 points or 1.16% to finish at 73,383.11. Nifty Bank dropped 817 points or 1.68% to close at 47,747.45.
The NSE Nifty 50 closed 1.07% lower at 22,277.85, while the BSE Sensex closed 1.16% higher at 73,383.11.
ONGC, Hindalco, Maruti Suzuki, Nestle India, and Britannia were the top gainers in the Nifty 50. While Shriram Finance, Bajaj Finserv, Wipro, ICICI Bank, and Eicher Motors were the key losers during the later hours in the Nifty 50 on April 15.
Courtesy: NSE
Courtesy: NSE
“Iran produces 3.2 million barrels per day of crude oil and also has significant control on the Strait of Hormuz which accounts for 30% of oil transit and 70% of oil shipment to Asia. Any escalation that may impact the oil production of Iran or affect the oil transit through the Strait can result in a sharp spike in oil prices. This would affect oil marketing companies negatively as they may not be able to take commensurate price hikes. For upstream companies, realization is managed through windfall taxes which may rise commensurately, and hence have no impact on upstream companies,” said Swarnendu Bhushan, Co-Head of Research at Prabhudas Lilladher.
The stock of Hindalco rose 4.4% to hit a 52-week high of Rs 625.40 in the weak market. It was among the top gainers in the Nifty 50. It touched its 52-week low of Rs 397.80 on May 25, 2023.
Shares of ONGC rose 5.57% to an intraday high of Rs 280.50. The stock was the top gainer in the Nifty 50. It hit the 52-week high of Rs 284.95 on March 05. It touched its 52-week low of Rs 150.05 on May 31, 2023.
ONGC, Hindalco, Nestle India, Reliance, and NTPC were the top gainers in the Nifty 50, While, Shriram Finance, Tata Consumer Products, Tech Mahindra, ICICI Bank, and Hindustan Unilever were the major losers in the Nifty 50 on April 15.
March wholesale Price Inflation came in at 0.53%, against CNBC TV18’s poll of 0.60%.
The Nifty 50 was down 138 points or 0.6% at 22,381, while Sensex was down 470 points or 0.63% at 73,774.
Courtesy: NSE
Courtesy: NSE
Courtesy: BSE
Courtesy: NSE
Hindalco, ONGC, TCS, HCL Technologies, and Nestle India were the top gainers in the Nifty 50. While BPCL, Tata Motors, Coal India, Tata Consumer Products, and Adani Ports were the key laggards in the Nifty 50 on April 15.
The NSE Nifty 50 opened 0.70% lower at 22,361.80, while the BSE Sensex opened 0.74% lower at 73,692.80.
On Friday, spot gold broke above the $2400 mark on reports that Israel is bracing for a direct and unprecedented attack by Iran on government targets as soon as Saturday. The metal hit a fresh record high of $2431 but settled lower on profit booking and stretched valuation. The yellow metal closed with a loss of 1.37% at $2344 Friday, though was up nearly 0.60% on the week as it rose for a fourth straight week, said Praveen Singh – Associate Vice President of Fundamental Currencies and Commodities at Sharekhan by BNP Paribas.
“Bank Nifty also witnessed some corrections after touching a high of 49000 in the previous trading session. The crucial support level stands at 48300 and below that at 47820. The immediate hurdle is placed at 49000,” said Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas.
On Friday, Nifty opened gap down and after the initial volatility it drifted lower during the course of the day and closed around the lows for the day. It closed in the red down 234 points.
“On the daily charts, we can observe that the Nifty has breached and closed below the lows of the previous three trading sessions which indicates weakness. We believe that the Index is in the process of retracing the rise it has witnessed from 22710 – 22776. has been consolidating thereafter. The next crucial support level stands at 22370. On the upside 22620 – 22650 shall act as an immediate hurdle from a short-term perspective,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
Balrampur Chini Mills, GNFC, Hindustan Copper, IDEA, India Cements, Metropolis, National Aluminium, Piramal Enterprises, and Zee Entertainment Enterprises were in the list of F&O Ban on April 15.
Foreign institutional investors (FII) sold shares net worth Rs 8,027.00 crore. However, domestic institutional investors (DII) sold shares net worth Rs 6,341.53 crore on April 12, 2024, according to the provisional data available on the NSE.
WTI crude prices were trading at $84.93 down by 0.85%, while Brent crude prices were trading at $89.87 down by 0.74%, on Monday morning.
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, traded higher, 0.05% at 106.06.
The Wall Street or US market fell on Friday due to weak global cues due to geopolitical tensions rising in West Asia. The three main US indices fell on Friday. The S&P 500 was down 75.65 points or 1.46% at 5,123.41. While the Dow Jones Industrial Average finished trading down 475.84 points or 1.24% at 37,983.24. The tech-heavy index Nasdaq Composite fell 267.10 points or 1.62% to settle at 16,175.09.
Iran fired drones and missiles at Israel in an expected retaliatory attack over the weekend. After that US President Joe Biden met with his national security team for an update on the attacks and said their ‘commitment to Israel’s security against threats from Iran and its proxies is ironclad’. Now, Israel is expected to strike back at Iran in the next 24 to 48 hours.