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Business News/ Markets / Live Blog/  Market Close Highlights : Sensex ends down 450pts, Nifty below 22,150, dragged by weak global cues; Broader markets gain
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Market Close Highlights : Sensex ends down 450pts, Nifty below 22,150, dragged by weak global cues; Broader markets gain

Sensex Today Live Updates : Companies reporting results on April 16 are CRISIL, Den Networks, Integra Essentia, Lotus Chocolate Company, and SG Mart.

Sensex Today Live Updates : Foreign institutional investors (FIIs) net sold shares worth ₹3,268 crore, while domestic institutional investors (DIIs) purchased ₹4,762.93 crore worth of stocks on April 15, provisional data from the NSE showed. (Image: Pixabay)Premium
Sensex Today Live Updates : Foreign institutional investors (FIIs) net sold shares worth 3,268 crore, while domestic institutional investors (DIIs) purchased 4,762.93 crore worth of stocks on April 15, provisional data from the NSE showed. (Image: Pixabay)

Sensex Today Live Updates : A selloff on Wall Street went global as investors grappled with the threat of higher-for-longer interest rates, China’s sluggish economy and an Israeli counter-strike.

The Stoxx Europe 600 Index sank 1.3%, echoing moves in Asian and US equities. After a historic advance at the start of year, investors have been warning that markets are overdue for a pullback. And with earnings season underway, there’s growing concern that the mega-cap leaders will struggle to justify their steep valuations.

US equity futures ticked lower on Tuesday in a sign of stability after the S&P 500 fell more than 1% in two straight sessions. Bank of America Corp. and Johnson & Johnson are among companies set to report today.

“We had a phenomenal rally. If you look at positioning and sentiment indicators they were elevated," Christian Mueller-Glissmann, the head of asset allocation at Goldman Sachs Group Inc., said in an interview on Bloomberg TV. “Investors were possibly squeezed a bit into the market, so you have a bit of a setback."

“Earnings information so far has been a bit mixed with some of the Magnificent 7 being in focus, so it feels a bit shaky," he added.

The dollar gained against all its G-10 peers as traders sought havens after top Israeli military officials reasserted that their country has no choice but to respond to Iran’s weekend drone and missile attack.

A slew of China’s economic data points showed that the nation’s economic rebound remains uneven. While both gross domestic product and fixed assets investment beat forecasts, data on retail sales and industrial output fell short of estimates.

The Japanese yen remained under pressure, after surging to a new 34-year low against the dollar overnight.

Brent crude held above $90 a barrel, and gold was steady.

16 Apr 2024, 03:43:50 PM IST

Sensex Today Live : Closing bell

Sensex Today Live : Indian benchmark indices extended their losses for the third straight session, dragged down by weak signals emanating from global markets that were weighed down by simmering tensions in the Middle East.

Sensex, which had opened lower at 72,892.14, traded between a low of 72,685.03 and a high of 73,135.43 through the day. At close, Sensex was down 456.10 points, or 0.62%, at 72,943.68.

Meanwhile, the Nifty 50, which had also opened lower at 22,125.30, remained range-bound between 22,079.45 and 22,213.75. At close, the Nifty 50 was at 22,147.90, down 124.60 points, or 0.56%.

Only eight out of the 30 stocks on the BSE Sensex ended the day in the green. Hindustan Unilever, Titan, HDFC Bank, Maruti Suzuki India, and ITC were the top gainers, while Infosys, IndusInd Bank, Bajaj Finserv, Wipro, and HCL Tech, were the top drags on the benchmark index for the day.

Meanwhile, on the Nifty 50, 16 out of the 50 stocks ended the day in the green, with gains led by Eicher Motors, Hindustan Unilever, ONGC, Titan, and Divi's Laboratories, while Infosys, LTIMindtree, IndusInd Bank, Bajaj Finserv, and Wipro, were the top losers for the day.

The broader market outperformed the benchmark indices, with the BSE MidCap index closing up 0.05%, and the BSE SmallCap index closing up 0.57%.

Across sectors, the IT index was the biggest loser for the day, closing down 2.58%, followed by the Bank index which was down 0.60%. The FS index was down 0.22%, while the Metal and Realty indices closed down 0.54%, and 0.46%, respectively.

Among the heavyweights, the Oil & Gas index had gained the most. It closed up 0.60%. The Pharma closed up 0.42%, and the Healthcare closed up 0.22%. The FMCG index closed up 0.43%, while the Auto index closed up 0.10%.

16 Apr 2024, 03:22:17 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Across sectors, the IT index was the biggest loser, down 2.53%, and followed by the Bank index which was down 0.47%. The FS index was down 0.11%, while the Metal and Realty indices were down 0.49%, and 0.43%, respectively.

Among the heavyweights, the Oil & Gas index had gained the most. It was up 0.67%, followed by Pharma, which was up 0.51%, and Healthcare, which was up 0.31%.

The FMCG index was up 0.40%, and the Auto index was up 0.08%.

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16 Apr 2024, 03:15:22 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was outperforming the benchmark indices, with the BSE MidCap index up 0.09%, and the BSE SmallCap index up 0.64%. 

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16 Apr 2024, 03:08:50 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : 14 out of the 50 stocks on the Nifty 50 were in the green, with gains led by Eicher Motors, Divi's Laboratories, Titan, ONGC, and Hindustan Unilever, while Infosys, LTIMindtree, IndusInd Bank, Wipro, and Bajaj Finserv, were the top losers. 

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16 Apr 2024, 03:04:37 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Only four stocks, Titan, Hindustan Unilever, HDFC Bank, and Maruti Suzuki India, out of the 30 on the BSE Sensex were in the green, while Infosys, IndusInd Bank, Wipro, Bajaj Finserv, and HCL Tech, were the top drags on the benchmark index.

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16 Apr 2024, 03:02:23 PM IST

Sensex Today Live : 3 pm market update

Sensex Today Live : Indian benchmark indices were in the red on Tuesday, following weak signals from global markets that were bogged down by simmering tensions in the Middle East.

At 3 pm, Sensex was down 534.65 points, or 0.73%, at 72,865.13, and Nifty was down 147.95 points, or 0.66%, at 22,124.55.

16 Apr 2024, 02:52:28 PM IST

Sensex Today Live : Kumar Rakesh, Analyst - IT & Auto, BNP Paribas India, reviews TCS Q4 results; Gives Outperform rating and says recovery underway, but caution remains

Sensex Today Live : A cyclical revenue-growth recovery finally started after the slowdown that lasted six quarters as y-y cc revenue growth showed an uptick. Record quarterly deal-wins with higher new revenue, improving demand visibility and a solid margin beat were key positives in TCS' 4QFY24 results. While management was cautious about signalling the timing of the recovery, it was confident of a revenue-growth pickup in FY25. Outperform.

Earnings estimates, rating and target price changes

We raise our estimates to bake in 4QFY24 results, management commentary and guidance. We also introduce FY27 estimates. Our DCF-based target price rises by 1% to 4,640. Retain Outperform.

16 Apr 2024, 02:39:49 PM IST

Sensex Today Live : In car fuel economy, India might catch up with Europe

Sensex Today Live : The central government of India is strategizing to roll out the next set of regulations for automobile fuel efficiency, a step aimed at supporting India's bold climate goals and reducing carbon emissions.

The Ministry of Road Transport and Highways, along with the Bureau of Energy Efficiency (BEE), are in the process of formulating the third phase of the Corporate Average Fuel Economy (CAFE-III) norms, according to sources familiar with the matter. These new standards are expected to be implemented from 2027. (Read the full story here.)

16 Apr 2024, 02:21:16 PM IST

Sensex Today Live : ABB India launches two motor ranges tailored for water & wastewater, packaging, food & beverage, metals, cement and mining, plastics and rubber, and HVAC applications

Sensex Today Live : ABB India informed the exchanges that it launched two motor ranges to deliver reliable and energy efficient solutions in India.

Built on a global platform and manufactured in India, these motors are tailored for a range of industries including water & wastewater, packaging, food & beverage, metals, cement & mining, plastics & rubber, and HVAC applications, the company said.

The flexible design of these motors supports applications across pumps, conveyors, centrifuges, compressors, extruders, fans mixers, amongst others, it added. Both these motors will help customers save energy, cost, reduce emissions as well as improve reliability and productivity.

16 Apr 2024, 02:08:24 PM IST

Sensex Today Live : CRISIL reports Q4FY24 results, PAT down 5.5% YoY; shares fall

Sensex Today Live : CRISIL's Q4FY24 consolidated income up 3.2% YoY to 737.7 crore, from 714.9 crore in Q4FY23

Profit before tax up 1% at 195.5 crore in Q4FY24, from 193.6 in Q4FY23

Profit after tax down 5.5% at 137.7 crore in Q4FY24, from 145.8 crore in Q4FY23

16 Apr 2024, 02:02:56 PM IST

Sensex Today Live : 2 pm market update

Sensex Today Live : Indian benchmark indices were in the red on Tuesday, following weak signals from global markets that were bogged down by simmering tensions in the Middle East.

At 2 pm, Sensex was down 560.95 points, or 0.76%, at 72,838.83, and Nifty was down 142.30 points, or 0.64%, at 22,130.20.

16 Apr 2024, 01:40:48 PM IST

Sensex Today Live : Why PE funds are investing less in real estate

Sensex Today Live : Over the past five years, there has been a decline in private equity (PE) investments in India's real estate sector, despite a surge in residential properties and a rebound in the commercial office space. Interestingly, the quantity of transactions has stayed steady, but the average transaction size has decreased. (Read the full story here.)

16 Apr 2024, 01:15:10 PM IST

Sensex Today Live : Prabhudas Lilladher reports positive view on logistics sector, initiates coverage on TCI Express, Delhivery and Mahindra Logistics

Sensex Today Live : Prabhudas Lilladher, in its latest Logistics report quoted that India’s B2B/B2C/3PL logistics industry is poised for a huge growth led by

1) rising GDP & online retail penetration (currently at ~7%)

2) increasing complexity in supply chains and distribution model (online and Omni-channel)

3) improvement in road infrastructure

4) greater adoption of technology.

They have initiated coverage on Logistics sector with a positive view, and recommend, 

‘BUY’ on TCI Express (TCIEL, on 28x P/E based TP of 1,430);

‘Accumulate’ rating on Mahindra Logistics (MAHLOG, on 40x P/E based TP of 500); and

Accumulate’ rating on Delhivery (DELI, on DCF based TP of 510)

The logistics sector is mainly dominated by the movement of goods via roads (~71% of volumes and ~65-70% of transportation revenues). Overall, est. logistics gross spends (~US$435 bn) form 13% of GDP, of which direct spend is 51% of the pie.

16 Apr 2024, 01:01:23 PM IST

Sensex Today Live : 1 pm market update

Sensex Today Live : Indian benchmark indices were in the red on Tuesday, following weak signals from global markets that were bogged down by simmering tensions in the Middle East.

At 1 pm, Sensex was down 559.66 points, or 0.76%, at 72,840.12, and Nifty was down 143.10 points, or 0.64%, at 22,129.40.

16 Apr 2024, 12:59:41 PM IST

Sensex Today Live : Dynacons System bags order worth ₹233 crore for core banking solution upgrade and migration on ASP model from NABARD

Sensex Today Live : Dynacons System informed the exchanges today that it has bagged a contract worth 233 crore from Nabard to upgarde and migrate its core banking solution fron Finacle 7.0 to Finacle 10.2.25, operating on the Application Service Provider (ASP) model

The company said it will deploy comprehensive suite of services, encompassing consultancy, implementation, customization, and ongoing support alongside infrastructure and network enhancements from leading technology vendors such as HPE, Oracle, Fortinet, Array, and Versa for Nabard.

The scope of work will include serving 1,391 branches of 38 State Co-op banks across eight states.

16 Apr 2024, 12:34:42 PM IST

Sensex Today Live : Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher, gives technical pick to 'BUY' LIC

Sensex Today Live : CMP 979

TARGET 1,200 (22.57%)

STOPLOSS 900 (8.07%)

The stock, after the correction has bottomed out near 870 level and formed a higher bottom formation on the daily chart, with positive candle formation with improvement in the bias and also has crossed above the significant 20 DMA level of 946 to indicate potential strength for further upward rise in the coming days. The RSI has shown a reversal from the oversold zone and has signaled a buy. We suggest to buy and accumulate this stock for an upside target of 1,200 keeping the stop loss near 900 level.

16 Apr 2024, 12:15:08 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Among heavyweight indices across sectors, the Oil & Gas index was the top gainer, followed by Consumer Durables, FMCG, Auto and Pharma, while the IT index was the biggest loser, down 1.60%.

Bank, Financial Services, and the Healthcare indices were also in the red.

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16 Apr 2024, 12:10:09 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was outperforming the benchmark indices, with the BSE SmallCap index up 0.71%, and the BSE MidCap index up 0.18%. 

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16 Apr 2024, 12:08:30 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : 16 of the 50 stocks on the Nifty 50 were in the green, while two were trading flat. Eicher Motors, ONGC, BPCL, Titan and Dr Reddy's, were the top gainers, and LTIMindtree, IndusInd Bank, Infosys, Bajaj Finserv, and Bajaj Finance, were the top losers. 

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16 Apr 2024, 12:05:56 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Only six of the 30 stocks on the BSE Sensex were in the green. Titan, HUL, Nestle India, HDFC Bank, Mahindra & Mahindra and Maruti Suzuki India were up, while Infosys, IndusInd Bank, Bajaj Finserv, Bajaj Finance, and SBI, were the top drags.

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16 Apr 2024, 12:02:33 PM IST

Sensex Today Live : 12 pm market update

Sensex Today Live : Indian benchmark indices were in the red on Tuesday, following weak signals from global markets that were bogged down by simmering tensions in the Middle East.

At 12 pm, Sensex was down 438.42 points, or 0.60%, at 72,961.36, and Nifty was down 110.35 points, or 0.5%, at 22,162.15.

16 Apr 2024, 11:53:01 AM IST

Sensex Today Live : Gold finance cos enter FY25 with a bang

Sensex Today Live : As the price of gold continues to rise, listed gold loan financiers are garnering attention. Gold is presently trading above the 72,000 per 10 grams mark on the Multi Commodity Exchange (MCX). This surge in prices translates to an increased collateral value, thereby benefiting the gold loan assets under management (AUM) of lenders. Notably, spot gold prices on the MCX witnessed a sequential increase of 16% in the March quarter (Q4FY24). (Read the full story here.)

16 Apr 2024, 11:30:51 AM IST

Sensex Today Live : CONCOR shares up 2.75% after company reports 8% growth in physical volume in FY24 in provisional Q4 update

Sensex Today Live : Container Corporation of India announced an annual growth of over 8% in the total physical volume it handled in FY24 in its provisional updates for the quarter and financial year ending March 31, 2024, released on Monday. It showed CONCOR handled 12,44,798 twenty-feet equivalent units (TEUs) in Q4FY24, a 11.24% QoQ increase. The total throughput for the preceding quarter was 11,19,034 TEUs. For FY24, the company's total throughput was 47,19,984 TEUs, marking an 8.23% rise from 43,61,131 TEUs in FY23. The EXIM volumes for the March 2024 quarter grew by 7.08% YoY to 36,48,076 TEUs, compared to 34,06,864 TEUs in the same quarter of the previous year. The total EXIM volumes for FY24 were 9,34,058 TEUs, showing a YoY increase of 9.73% from 8,51,261 TEUs in FY23.

16 Apr 2024, 11:16:04 AM IST

Sensex Today Live : Caplin Point Laboratories subsidiary gets US FDA final approval for Ofloxacin ophthalmic solution eye drops

Sensex Today Live : Caplin Point Laboratories today informed the exchanges today that its subsidiary Caplin Steriles has been granted the final approval from the United States Food and Drug Administration (US FDA) for its Abbreviated New Drug Application (ANDA) Ofloxacin ophthalmic solution USP 0.3% (eye drops), a generic therapeutic equivalent version of (RLD), OCUFLOX Ophthalmic Solution of Allergan Inc.

The company, in an exchange filing, said, Ofloxacin ophthalmic solution USP 0.3% is indicated for treatment of eye infections caused during the conditions of conjunctivitis and corneal ulcers. According to IQVIATM (IMS Health), Ofloxacin Ophthalmic Solution USP 0.3% had US sales of approximately $52 million for the 12- month period ending December 2023.

16 Apr 2024, 11:08:46 AM IST

Sensex Today Live : Steel Stripes Wheels inks alloy wheel supply agreement with leading carmaker; milestone marks the company's maiden entry as a supplier of aluminium wheels to PV OEMs

Sensex Today Live : Steel Stripes Wheels informed the exchanges today that it has secured a suplly agreement with a leading passenger vehicle manufacturer in India. In an exchange filing, the company said, "We are glad to announce that we have successfully secured a maiden entry as a supplier of testament wheels to one of the top Passenger Car manufacturers in India... We're honored to be recognized by the OEM as a strategic partner for supply of wheels besides Steel Wheels".

16 Apr 2024, 11:02:34 AM IST

Sensex Today Live : 11 am market update

Sensex Today Live : Indian benchmark indices were in the red on Tuesday, following weak signals from global markets that were bogged down by simmering tensions in the Middle East.

At 11 am, Sensex was down 348.19 points, or 0.47%, at 73,051.59, and Nifty was down 74.05 points, or 0.33%, at 22,198.45.

16 Apr 2024, 10:55:57 AM IST

Sensex Today Live : PNC Infratech to get to get ₹117.15 crore as it settles dispute with NHAI

Sensex Today Live : PNC Infratech informed the exchanges today it has received 117.15 crore from the National Highways Authority of India, as its subsidiary, PNC Raebareli Highways has executed a settlement agreement with the authority under the 'Vivad Se Vishwas II (Contractual Disputes)' Scheme of Government of India.

The company, in an exchange filing, said, "PNC Infratech Limited regarding (Company) is pleased to intimate about receipt of Rs. 114,81,18,484.00 being the net amount after deduction of tax at source (TDS) in terms of tlre Settlement Agreement executed on 02.04.2024 between National Highways Authority of India (NHAl/Procuring Entity) and PNC Raebareli Highways Private Lirnited, a subsidiary of the Comparry for an amount of Rs. 117,15,49,474.00 towards the 'one time settlement' under the 'Vivad Se Vishwas lI (Contractual Disputes)' Scherne of Governrnent of India, on 15 April, 2024 in the night."

16 Apr 2024, 10:33:33 AM IST

Sensex Today Live : STL raises ₹1,000 crore through QIP

Sensex Today Live : STL today announced that it has raised 1,000 crore through a Qualified Institutional Placement (QIP) that saw healthy participation by various global and Indian investors.

The company, in an exchange filing, said its board has approved the issue and allotment of 8.84 crore equity shares to qualified institutional investors, including HDFC Mutual Fund, Nippon Life India, Goldman Sachs and Bandhan Mutual Fund, aggregating to 1,000 crore.

It added that post the allotment, the paid-up equity share capital of the company has increased to 97.5 crore, comprising 48.75 crore equity shares.

16 Apr 2024, 10:22:01 AM IST

Sensex Today Live : Som Distilleries and Breweries commissions state-of-the-art wraparound packaging equipment at Bhopal canning facility; expects 25% increase in operational efficiency

Sensex Today Live : Som Distilleries and Breweries today informed the exchanges that it has commissioned a state-of-the-art wraparound packaging equipment at its Bhopal facility. The company said it expects its operational efficiency to improve by around 25%, with the latest addition. 

In an exchange filing, the company said, "We proudly announce the successful commissioning of state-of-the-art wraparound packaging equipment at our Bhopal canning facility... With this innovative technology in place, we anticipate an increase in operational efficiency by approximately 25%."

The company said the equipment is designed to seamlessly integrate into existing production lines, and it offers precise wrapping and sealing of products, which minimises downtime and maximises throughput.

16 Apr 2024, 10:09:04 AM IST

Sensex Today Live : TCS plans to recruit around 40,000 fresh graduates in FY25, said CEO and MD K. Krithivasan

Sensex Today Live : Tata Consultancy Services: TCS plans to recruit approximately 40,000 fresh graduates in the fiscal year 2025, matching the number hired the previous year, said CEO and MD K Krithivasan. This announcement comes amidst a period of declining headcount for the company, with three consecutive quarters of reduction. He added that the hiring of fresh graduates in FY25 would be on par with the previous year. As for the recruitment of experienced professionals, decisions will be made quarterly based on immediate needs and requirements, according to Krithivasan.

16 Apr 2024, 10:01:53 AM IST

Sensex Today Live : Opening Bell

Sensex Today Live : Indian benchmark indices opened in the red on Tuesday, following weak signals from global markets that were bogged down by simmering tensions in the Middle East.

At 10 am, Sensex was down 305.71 points, or 0.42%, at 73,094.07, and Nifty was down 70.65 points, or 0.32%, at 22,201.85.

16 Apr 2024, 09:52:32 AM IST

Sensex Today Live : Asian Paints shares in focus as  company launches new affordable paint, ropes in Virat Kohli as its brand ambassador

Sensex Today Live : On April 15, Asian Paints launched a new product, Neo Bharat Latex Paint, marking its entry into a novel paint category. This move was spurred by the sector's robust growth, fueled by increasing urbanization and rising disposable incomes, which has prompted existing market players to seize the burgeoning demand and increase their market share, the company said.

The company promotes this new segment as affordable, providing consumers with a choice of over 1,000 shades. In addition, the company has roped in cricket star Virat Kohli as the brand ambassador for the new launch. Amit Syngle, managing director and chief executive officer, Asian Paints, said, "By offering a branded solution to penetrate the unorganized segment, we aim to broaden the market and stimulate category growth as a market leader."

16 Apr 2024, 09:33:16 AM IST

Sensex Today Live : Jio Financial Services shares jump more than 4% as company unveils partnership with BlackRock for wealth management and brokerage business

Sensex Today Live : On April 15, Jio Financial Services announced its joint venture with US-based BlackRock to expand into wealth management and brokerage services in India. In a stock exchange filing, the financial institution announced a 50:50 joint venture dedicated to wealth management initiatives, which includes establishing a wealth management company and a subsequent brokerage firm in India.

16 Apr 2024, 09:28:30 AM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Some major benchmark heavyweight indices like Auto, FMCG, Consumer Durables and Oil & Gas were in the green, while others like Bank, Financial Services, IT, Pharma and Healthcare indices were in the red.

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16 Apr 2024, 09:26:02 AM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was marginally better off than the benchmark indices, with the BSE MidCap index trading flat, while the BSE SmallCap index was up 0.42%. 

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16 Apr 2024, 09:24:05 AM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Only eight of the 50 stocks on the Nifty 50 were in the green on Tuesday morning, led by Titan, Mahindra & Mahindra, Nestle India, Eicher Motors, and SBI Life, while LTIMindtree, NTPC, IndusInd Bank, Bajaj Finance, and Infosys, were the top drags. 

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16 Apr 2024, 09:20:35 AM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Only six of the 30 stocks on the Sensex were in the green on Tuesday, led by Nestle India, Titan, Bharti Airtel, Tata Steel, Mahindra & Mahindra, and Maruti Suzuki India, while TCS, Infosys, Kotak Mahindra Bank, Bajaj Finance, and Axis Bank, were the top drags. 

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16 Apr 2024, 09:17:45 AM IST

Sensex Today Live : Opening Bell

Sensex Today Live : Indian benchmark indices opened in the red on Tuesday, following weak signals from global markets that were bogged down by simmering tensions in the Middle East.

At opening bell, Sensex was down 507.69 points, or 0.69%, at 72,892.09, and Nifty was down 145.25 points, or 0.65%, at 22,127.25.

16 Apr 2024, 09:10:29 AM IST

Sensex Today Live : Benchmark indices red at pre-open

Sensex Today Live : Indian benchmark indices were red at pre-open on Monday, following weak signals from global markets that bogged down by simmering tensions in the Middle East.

Sensex was down 507.64 points, or 0.69%, at 72,892.14, and Nifty was down 147.20 points, or 0.66%, at 22,125.30 during pre-open.

16 Apr 2024, 08:56:47 AM IST

Sensex Today Live : Honda starts work for new warehouse facility in Karnataka

Sensex Today Live : On Monday, Japanese company Honda announced the start of construction for a spare parts warehouse facility in Doddaballapura, near Bengaluru, Karnataka. The new facility, under the management of Honda Cars India, will bolster the spare parts operations across all Honda businesses. This includes Honda Cars India, Honda Motorcycle & Scooter India, and Honda India Power Products, as per the company's statement.

The facility, set to be operational by the first quarter of FY26, is expected to significantly expedite the availability of spare parts at Honda dealerships. "Our commitment to our customers is reflected in our efforts to ensure timely and quicker availability of spare parts for their Honda products," said Takuya Tsumura, the President and CEO of Honda Cars India.

16 Apr 2024, 08:49:34 AM IST

Sensex Today Live : Stocks to watch today

Sensex Today Live : Jio Financial, Vi, Aster DM, Cipla, Asian Paints, are a few stocks likely to be in focus on Tuesday, April 16.

16 Apr 2024, 08:41:27 AM IST

Sensex Today Live : What to expect from Indian stock market in trade on April 16

Sensex Today Live : The Indian stock market indices, Sensex and Nifty 50, are anticipated to commence trading on a lower note on Tuesday, influenced by weak global indicators.

The Gift Nifty trends also suggest a sluggish start for the Indian benchmark index. The Gift Nifty was observed trading around the 22,180 mark, nearly 185 points lower than the previous close of Nifty futures.

On Monday, both domestic equity indices closed over a percent lower for the second consecutive session, with the Nifty 50 dropping below the 22,300 mark. The Sensex plummeted by 845.12 points to close at 73,399.78, while the Nifty 50 ended 246.90 points, or 1.1%, lower at 22,272.50.

The Nifty 50 chart displayed a significant negative candle with a gap-down opening. "From a technical perspective, this pattern suggests a short-term top reversal, indicating potential further weakness in the near term. Despite the current weakness, the larger degree positive chart pattern of higher tops and bottoms remains intact on the weekly chart, aligning with the formation of a new higher bottom of the pattern. However, there is no confirmation of any higher bottom reversal at the lows yet," stated Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. (Read the full story here.)

16 Apr 2024, 08:31:02 AM IST

Sensex Today Live : Nine key things that changed for market overnight - Gift Nifty, US tech stocks selloff to bond yields

Sensex Today Live : The Indian equity market indices, Sensex and Nifty 50, are projected to continue their downward trend and open with losses on Tuesday. This is due to the weak cues from the global market, which are influenced by the escalating concerns over the conflict between Iran and Israel.

Asian markets have shown a downward trend, and US stocks closed significantly lower as a response from Israel is anticipated following Iran's attack over the weekend.

Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd, anticipates that the domestic markets will face near-term challenges due to increasing volatility. He added that with the commencement of the result season and promises made by various political parties, there might be continued sector and stock-specific movements. (Read the full story here.)

16 Apr 2024, 08:23:38 AM IST

Sensex Today Live : Global cues, Mid-East tensions weigh on Indian sentiment; market likely to open muted

Sensex Today Live : Indian markets were headed for another day of downtrends as the tensions in the Middle East continued to affect sentiment across markets around the globe.

The Gift Nifty futures was more than 150 points below Nifty 50's Monday close of 22,272.50, indicating a gap down start for Indian benchmarks

Asian stocks fell and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected U.S. retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year.

Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while investor focus in Asia turns to China with GDP data due at 0200 GMT.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.4% to nearly seven-week lows of 521.92, with Japan's Nikkei down 1.6%. U.S. stocks closed sharply lower on Monday as a jump in Treasury yields weighed on sentiment amid concerns about rising tensions between Iran and Israel.

Israelis awaited word on how Prime Minister Benjamin Netanyahu would respond to Iran's first-ever direct attack on their country. Netanyahu on Monday summoned his war cabinet for the second time in less than 24 hours to weigh a response to Iran's weekend missile and drone attack, a government source said.

"The markets have come alive with the sound of derisking, deleveraging, hedging and broad managing of risk exposures," said Chris Weston, head of research at Pepperstone. "There is certainly not much in the news flow to inspire risk-taking and there is a growing list of factors to refrain from buying and to manage exposures."

U.S. retail sales rose 0.7% last month, the Commerce Department's Census Bureau said on Monday, while economists polled by Reuters had forecast retail sales, which are mostly goods and are not adjusted for inflation, would rise 0.3%.

The stronger-than-expected data comes after a report last week underscored inflation remains stickier than markets had expected, leading to a drastic scaling back of rate cuts this year.

Traders now anticipate 45 basis points of cuts this year, down from more than 160 bps in expected easing at the start of the year. Markets are now pricing in September, instead of June, to be the starting point for rate cuts, according to CME FedWatch Tool.

The yield on 10-year Treasury notes was at 4.608% in Asian hours having surged to a five-month high of 4.663% on Monday.

The elevated yields boosted the dollar and kept the yen near 34-year lows it has been rooted at in the past few days.

The dollar index, which measures the U.S. currency versus six rivals, was up 0.028% at 106.23, having risen 0.189% overnight. The yen weakened to 154.39 leading to fresh worries over intervention and comments from officials.

All eyes during Asian trading hours will be on China GDP along with industrial activity, fixed asset investment, retail sales and property market data.

"The property market has yet to confirm a bottom, and markets will watch the price data closely for any signs of stabilisation; a bottoming out of housing prices would be a positive sign of sentiment recovery," ING economists said.

In commodities, U.S. crude rose 0.63% to $85.95 per barrel and Brent was at $90.63, up 0.59% on the day on rising tensions in the Middle East. Spot gold added 0.1% to $2,385.88 an ounce.

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