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Stock Market Highlights on Tuesday, April 16: Exide Industries, Titagarh Wagons, GE Shipping, Cochin Shipyard, Radico Khaitan and GSPL were among the top smallcap gainers

BSE, NSE, Sensex, Nifty, stock markets

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	<strong>Stock market highlights on April 16</strong>: Benchmark indices BSE Sensex and NSE Nifty ended lower on Tuesday. The market continued its downward momentum amid ongoing geopolitical uncertainty for the second consecutive day.</div>
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	BSE Sensex closed 0.53 per cent or 456 points lower at 72,943.68 levels, while NSE Nifty50 closed 0.56 per cent or 124.60 points lower at 22,147.90 levels.</div>
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	On the BSE, HUL, Titan were the top gainers that surged 1.7 per cent and around 1.5 per cent, respectively. On the other hand, Infosys ended nerly 3.6 per cent lower ahead of its March 2024 quarter earnings scheduled to be released this Friday.</div>
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	Eicher Motors, Divi&#39;s Lab, ONGC, and HDFC Bank were some of the top gainers among the Nifty 50 stocks that moved up over 1 per cent each in trade on Tuesday, April 16.<br />
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	In the broader markets, the smallcaps were in demand. The smallcap index on the NSE ended the day higher by 0.5 per cent, while the midcap index slipped a marginal 0.1 per cent after a volatile day of trade.<br />
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	Exide Industries, Titagarh Wagons, GE Shipping, Cochin Shipyard, Radico Khaitan and GSPL were among the top smallcap gainers that rallied up to 15 per cent on&nbsp;Tuesday, April 16 on the NSE.</div>
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	Sectorally, the Nifty IT index lost nearly 3 per cent, followed by Nifty PSU Bank, which fell nearly 0.9 per cent.&nbsp;<br />
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	The markets will remain closed on Wednesday, April 17 on account of Ram Navami.</div>
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Stock Market Highlights: Sensex ends 456 points lower after a choppy session

Business Standard

Stock Market Highlights: Sensex ends 456 points lower after a choppy session | News on Markets - Business Standard

Asian markets :: Nikkei, Kospi lead the broad-based selling

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Wall Street Overnight :: Dow Jones slides for 6th day, Nasdaq falls 1.8%

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Market Check :: Broader markets hold strength despite losses in benchmarks

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Sensex Heatmap :: HUL, HDFC Bank, RIL help trim losses; IT, Bajaj Finserv weigh

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CLOSING BELL :: Sensex drops over 450 pts amid Middle East tensions

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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. <a href="https://www.business-standard.com/markets/news/this-power-related-stock-has-rallied-63-in-4-weeks-zoomed-660-in-1-year-124041600531_1.html?1713258938" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Stock market rally, bull trading, Sensex, nifty" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-03/04/full/1614804310-798.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Stock market rally, bull trading, Sensex, nifty" width="620" /></div>
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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. <a href="https://www.business-standard.com/markets/news/senco-gold-extends-rally-up-33-in-2-days-emkay-sees-15-6-upside-124041600425_1.html?1713255861" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Sensex, Nifty, stock brokers" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/05/full/1680686226-6079.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="Sensex, Nifty, stock brokers" /></div>

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. <a href="https://mybs.in/2dV6e6l" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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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. <a href="https://www.business-standard.com/markets/news/this-multi-bagger-stock-is-down-in-the-dumps-now-check-why-124041600408_1.html?1713253884" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2016-02/12/full/1455275142-7334.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)" width="620" /></div>

Ola Impact: TVS Motor share price can slide up to 14%, suggests chart

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	Among others, Bajaj Auto stock may slip up to 5 per cent, while Aether Industries is expected to trade on a range-bound note, technical charts indicate. <a href="https://www.business-standard.com/markets/news/ola-impact-tvs-motor-stock-price-can-slide-up-to-14-suggests-chart-124041600228_1.html?1713250177" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="TVS Motor" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-10/07/full/1633607567-6217.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="TVS Motor" width="620" /></div>
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Broader markets trade in green in a weak market

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RBI to banks: Can't charge extra without mention in key fact statement

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	The Reserve Bank of India (RBI) on Monday issued a directive that prohibits banks and other regulated entities from levying additional fees on loans that are not previously disclosed in the Key Fact Statement (KFS). The notification stipulates strict adherence to these guidelines for all new retail and MSME term loans sanctioned from October 1 onwards, including loans issued to existing customers.</div>
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	&ldquo;Any fees, charges, etc., which are not mentioned in the KFS, cannot be charged by the REs to the borrower at any stage during the term of the loan, without explicit consent of the borrower,&rdquo; the regulator said. <a href="https://www.business-standard.com/finance/personal-finance/rbi-new-rule-on-retail-msme-borrowers-banks-can-t-charge-extra-fee-if-124041600283_1.html" target="_blank"><strong>Read more</strong></a><br />
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Small finance bank stocks are on an uptrend. Does the rally have more legs?

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	Shares of small finance banks (SFBs) flexed muscles on the bourses in the month of April, after their March quarter business updates showed double digit growth in advances and deposits.</div>
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	Ujjivan Small Finance Bank stock price has jumped 21.6 per cent so far this month, stock price of Suryoday SFB has surged 17.9 per cent. <a href="https://www.business-standard.com/markets/news/small-finance-bank-stocks-are-on-an-uptrend-does-the-rally-have-more-legs-124041600237_1.html" target="_blank"><strong>Read more</strong></a><br />
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Top financial regulators plan panel to weigh risks in derivatives market

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	India&#39;s top financial regulators will form a committee to assess stability risks emerging from a surge in derivatives markets and suggest policy changes if required, two sources familiar with the matter said.</div>
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	Options trading in India has soared in the last five years, fuelled mainly by retail investors. The notional value of index options traded more than doubled in 2023-24 to $907.09 trillion from $447.69 trillion a year ago, exchange operator NSE says. <a href="https://www.business-standard.com/finance/news/top-financial-regulators-plan-panel-to-weigh-risks-in-derivatives-market-124041600214_1.html" target="_blank"><strong>Read more</strong></a><br />
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Jio Fin Services zooms 5% on announcing new broking, wealth management biz

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	Shares of Jio Financial Services jumped 4.8 per cent intraday at Rs 271.95 on Tuesday amid announcement of new broking and wealth management venture. The stock of the company had hit a 52-week high of Rs 378 on April 8, 2024, while it hit a 52-week low of Rs 204 on 24 October, 2023.&nbsp;</div>
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	At 10:11 AM, the company&rsquo;s share was trading 3.44 per cent higher at Rs 366.60. In comparison the S&amp;P BSE Sensex was trading 0.49 per cent lower at 73,038 levels. A combined over 6.63 million shares of the company changed hands on the BSE. <a href="https://www.business-standard.com/markets/news/jio-fin-services-zooms-5-on-announcing-new-broking-wealth-management-biz-124041600172_1.html" target="_blank"><strong>Read more</strong></a><br />
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Vodafone Idea falls 4%; Rs 18,000-crore FPO anchor book to open today

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	Shares of Vodafone Idea dropped as much as 3.95 per cent to hit an intraday low of Rs 12.64 per share. The drop comes in reaction to the follow-on public offering (FPO) anchor book, which will open today.</div>
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	Vodafone Idea shares have plunged 25.19 per cent year-to-date (YTD), but have surged 7 per cent in the past 6 months. <a href="https://www.business-standard.com/markets/news/vodafone-idea-falls-4-rs-18-000-crore-fpo-anchor-book-to-open-today-124041600177_1.html?1713243468" target="_blank"><strong>Read more</strong></a><br />
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Srinivas Pallia sold his entire stake in Wipro before taking over as CEO

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	Srinivas Pallia, who has been a part of Wipro for over three decades, divested all his shares valued at Rs 5 crore in the company approximately a month and a half prior to his appointment as the new chief executive, according to a report by <em>The Economic Times (ET).</em></div>
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	Pallia sold his 100,000 Wipro shares through a &#39;market sale&#39; on February 14 this year, with the transaction being reported to the exchange on February 15. <a href="https://www.business-standard.com/companies/news/srinivas-pallia-sold-his-entire-stake-in-wipro-before-taking-over-as-ceo-124041600161_1.html" target="_blank"><strong>Read more</strong></a><br />
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China's crude throughput up 1.3% in March, oil production at highest

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	China&#39;s oil refinery throughput rose in March as refiners stepped up runs amid signs of a tentative economic recovery in the world&#39;s second largest consumer of crude.<br />
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	Total refinery throughput was 63.78 million metric tonnes, data from the National Bureau of Statistics (NBS) showed on Tuesday. That was equivalent to 15.09 million barrels per day (bpd), up from 14.45 million in the January-February period. <a href="https://www.business-standard.com/world-news/china-s-crude-throughput-up-1-3-in-march-oil-production-at-highest-124041600141_1.html" target="_blank"><strong>Read more</strong></a><br />
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LTI Mindtree, Coforge shed up to 2.7% on NSE

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Jio Fin Services jumps 4% on announcing new wealth management, broking venture

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Nestle India, Titan and Tata Steels top gainers on Nifty 50

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Pre-open: Nifty down 160 points holds 22k

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Pre-open: Sensex slips 420 points at 72,978

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&gt;&gt; Index sinks over 200 points at 22,135<br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-04/20/full/1618863106-8819.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="" width="620" /></div>
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&gt;&gt; China&rsquo;s economy in the first quarter grew faster than expected, official data released Tuesday by China&rsquo;s National Bureau of Statistics showed.
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	&gt;&gt; Gross domestic product in the January to March period grew 5.3% compared to a year ago, faster than the 4.6% growth expected by economists polled by <em>Reuters</em>, and compared to the 5.2% expansion in the fourth quarter of 2023.</div>
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	&gt;&gt; On a quarter-on-quarter basis, China&#39;s GDP grew 1.6% in the first quarter</div>
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	&gt;&gt; Beijing has set a 2024 growth target of around 5%.<br />
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	<em>Source: CNBC</em></div>

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

Stock Market Highlights on Tuesday, April 16: Exide Industries, Titagarh Wagons, GE Shipping, Cochin Shipyard, Radico Khaitan and GSPL were among the top smallcap gainers

Asian markets :: Nikkei, Kospi lead the broad-based selling

Wall Street Overnight :: Dow Jones slides for 6th day, Nasdaq falls 1.8%

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