Stock Market Highlights, April 15: Sensex drops 845pts, Nifty below 22,300 amid Iran-Israel conflict

Stock market updates on April 15, 2024: 27 of the 30 Sensex stocks and 44 of the 50 Nifty stocks nursed losses today led by Shriram Finance, Bajaj Finserv, L&T, Wipro, ICICI Bank, Divis Labs, SBI Life

1:37 PM

Asian markets update

1:36 PM

NFRA slaps fine of Rs 4.5 cr on auditors for Reliance Capital audit lapses

The National Financial Reporting Authority (NFRA) has slapped penalties totalling Rs 4.5 crore on an audit firm and two auditors for professional misconduct for alleged auditing lapses of Reliance Capital's financials in 2018-19.

A fine of Rs 3 crore has been imposed on Pathak H D & Associates, Rs 1 crore on Parimal Kumar Jha and Rs 50 lakh on Vishal D Shah. Besides, Jha and Shah have been debarred from taking up audit work for 10 years and 5 years, respectively, according to an order. Read more

1:22 PM

Upstream oil cos in focus amid Iran-Israel war; ONGC, OIL surge up to 5%

Shares of state-owned upstream oil companies such as - Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) surged up to 5 per cent on the BSE in Monday’s intra-day trade on expectations of rise in global oil prices amid the Iran-Israel conflict. In comparison, the S&P BSE Sensex was down 0.70 per cent at 73,749 at 11:37 am.

A war between the two nations has the potential to disrupt oil supplies in the Middle East, a major oil-producing region. Experts believe any escalation between the two nations may lead to a rise in crude oil prices. Read more

1:03 PM

Vi FPO to open on April 18: Check lot size, price band, other details

Telecom major Vodafone Idea, has announced a follow-on public offer (FPO), aimed at raising up to Rs 18,000 crore. 

The Vodafone Idea FPO, which comprises a fresh issue totalling 16.36 billion shares, is intended to boost the company's financial capabilities for deploying 5G technology and addressing pending vendor dues. Read more

12:41 PM

Alert: Ambuja Cements acquires 1.5 MTPA cement grinding unit in Tuticorin for Rs 414 cr

12:33 PM

Wholesale prices rise in March by 0.53% from a year, shows govt data

India's wholesale price index rose 0.53 per cent in March from a year earlier, government data showed. Economists polled by Reuters had estimated the index would rise 0.51 per cent. It rose 0.20 per cent in February. 

12:23 PM

Senco Gold rallies 20% as Q4 biz update paints healthy demand outlook

Shares of Senco Gold rallied 20 per cent to Rs 960 on the BSE in Monday's intra-day trade and hitting its 52 week high breaching the previous high of Rs 897 touched on February 27, 2024. The rise in stock price came amid heavy volumes after the company reported 39 per cent year-on-year (YoY) growth in revenue for the March quarter(Q4FY24). READ MORE

Photo: Unsplash

11:55 AM

Our focus is to expand in South India, says Ajay Bijli, MD PVR Inox

India’s leading multiplex operator, PVR Inox, is expanding its footprint in South India. Last week, it opened a 14-screen megaplex in Bengaluru and a 9-screen multiplex in Kochi. The Rs 3,559 crore (FY23 revenues) firm is also unrolling an ‘asset light’ model to boost its operating margins. Just after its launch in the IT city, PVR Inox managing director Ajay Bijli spoke to Vanita Kohli-Khandekar in a video interview on the company's screen additions, investment strategy, and growth plans.  Edited excerpts Read more

11:25 AM

Inflation could hamper 'soft landing' of global economy despite US growth

US economic growth that keeps motoring above its potential is emerging as a key prop for an ongoing global expansion, but spillovers from persistently high inflation and tight monetary policy in the world's largest economy could pose new risks to a hoped-for "soft landing" around the world. READ MORE

11:18 AM

US-based Hedge fund Shah Capital urges Novavax board shake-up: Report

US-based hedge fund Shah Capital wrote to the Novavax board on Monday to push for the instalment of two new independent directors, the Financial Times reported on Monday. Shah Capital also wants a pivot in the biotech company's sales strategy for its Covid-19 shot, which is based on traditional vaccine technology, to target older people unnerved by rare side effects associated with mRNA jabs from Pfizer and Moderna, FT reported, citing a letter. READ MORE

11:14 AM

Exploring investment in silver? Here're 5 popular methods with pros & cons

Silver prices have been on a steady rise in 2024, retaining its status as a precious metal and offering a hedge against inflation and market volatility. Silver has crossed Rs 84,500 per kg mark for the first time ever mirroring the global trend. Spot silver reached $29.04 per ounce, hitting its highest levels since Feb 2021. During economic uncertainties, investors often turn to precious metals like silver to safeguard their wealth. READ MORE

11:08 AM

Sensex off day's low, down 410 pts at 73,831

11:05 AM

Anand Rathi soars 4% on healthy Q4 numbers

10:50 AM

I missed the opportunity of investing in Indian stock market: Jim Rogers

Indian stock markets have been on an uptrend with the Sensex crossing the 75,000 mark for the first time ever recently. JIM ROGERS, chairman of Rogers Holdings, tells Puneet Wadhwa in a video interview that there is too much exuberance developing in the Indian stock markets. Edited excerpts: Read more

10:37 AM

Sensex tanks 900 pts amid geopolitical concerns; Time to buy the dips?

The Indian stock markets opened on a weak note on Monday amid escalating geopolitical tensions between Israel and Iran. The S&P BSE Sensex slipped nearly 930 points in intra-day trade to 73,315.16 levels, while the Nifty 50 index lost 255 points to hit a low of 22.263.55 in Monday's deals. However, both the benchmarks recovered some losses as the day progressed. Read more