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
 "BSE, NSE, Sensex, Nifty, stock markets")
BSE, NSE, Sensex, Nifty, stock markets
Stock market highlights on April 16: 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.
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.
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.
Eicher Motors, Divi'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.
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.
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 Tuesday, April 16 on the NSE.
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.
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 Tuesday, April 16 on the NSE.
Sectorally, the Nifty IT index lost nearly 3 per cent, followed by Nifty PSU Bank, which fell nearly 0.9 per cent.
The markets will remain closed on Wednesday, April 17 on account of Ram Navami.
The markets will remain closed on Wednesday, April 17 on account of Ram Navami.
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.
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
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.
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.
3:41 PM
Currency Check :: Rupee ends 9 paise weaker vs US dollar
3:39 PM
Market Check :: Broader markets hold strength despite losses in benchmarks
3:38 PM
Sectoral trends :: Nifty IT index sheds 2.5%, PSU Bank 1.3%
3:36 PM
Sensex Heatmap :: HUL, HDFC Bank, RIL help trim losses; IT, Bajaj Finserv weigh
3:35 PM
CLOSING BELL :: Nifty ends below 22,150
3:34 PM
CLOSING BELL :: Sensex drops over 450 pts amid Middle East tensions
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Topics : Markets Market news Indian stock markets stock markets Nifty50 Global Markets global markets sell-off Markets Sensex Nifty S&P BSE Sensex MARKET WRAP NSE Indices Nifty stocks
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First Published: Apr 16 2024 | 7:56 AM IST
