Stock Market Highlights, April 24: RIL, IT shares cap gains on Sensex, Nifty; metals shine

Stock market highlights on Wednesday, April 24: n the broader markets, the BSE MidCap and SmallCap indices outperformed the benchmarks by settling 0.92 per cent and 0.79 per cent higher, respectively

3:48 PM

Sentiment for the short term continues to remain positive as Nifty closed above the critical moving average

The Nifty remained sideways throughout the session before closing with a slight gain. Sentiment for the short term continues to remain positive as the index closed above the critical moving average. The positive crossover in the RSI also supports the positive momentum. On the higher end, immediate resistance is placed at 22,500. A decisive move above 22,500 might take the index towards 22,750-22,800 over the short term. Support is placed at 22,350-22,400: Rupak De, Senior Technical Analyst, LKP Securities

 

3:46 PM

Indian markets lagged the Asian peers as Q4 earnings remained largely subdued with weak results from IT

Indian markets lagged the Asian peers as Q4 earnings remained largely subdued with weak results from IT and a few index heavyweights results also disappointed. However, buoyed by strong manufacturing and service sectors, the Indian composite PMI hit a multi-year high, reflecting domestic resilience bringing some buoyancy in the broad market. Globally, investor sentiment improved with easing tensions in the Middle East and declining oil prices: Vinod Nair, Head of Research, Geojit Financial Services

 

3:45 PM

Rupee settles at 83.3200 against US Dollar

3:43 PM

In the broader markets, Nifty MidCap gained 0.76% while SmallCap rose 0.36%

3:43 PM

Sectorally, Nifty Metal led with gains of over 2.50%, followed by Healthcare, which rose 1.26%

3:42 PM

JSW Steel, Tata Steel were among the top gainers while TCS, Tech Mahindra were among the top laggards

3:40 PM

Nifty closes 34.40 points or 0.15 per cent higher at 22,402.40 levels

3:39 PM

Sensex setlles 114.49 points or 0.16% higher at 73,852.94 levels

3:29 PM

ALERT :: DCB Bank soars 10% as asset quality improves in Q4

Net profit up 9.6% at Rs 155.7 cr vs Rs 142.1 cr YoY
 

NII up 4.4% at Rs 507.5 cr vs 486 cr YoY
 

Gross NPA at 3.23% vs 3.43% QoQ
 

Net NPA at 1.11% vs 1.22% QoQ

 

3:20 PM

United Breweries surges 10% on hopes of healthy revenue in March quarter

Beer volume grew in the low-teens, ahead of the market estimate, cycling route-to-market changes from last year, Heineken N.V. said in a statement provided for the January-March 2024 quarter trading update. READ MORE

3:07 PM

How to invest in gold, equity, fixed income assets? Motilal Oswal answers

MOPW's recommendations suggest a cautious yet optimistic approach to equity investing. They believe that Large Caps are a good value proposition at present, but recommend a more measured approach. READ MORE

2:56 PM

Global check:: US, UK stock futures trade on a directionless note

2:48 PM

Market check:: Sensex off day's high, up 100 points

2:38 PM

Airtel says not in talks to buy Vodafone UK's stake in Indus Towers

"The company has no desire to raise its stake beyond what is required for financial consolidation of Indus in the company,' Airtel said in an exchange filing. READ MORE

2:24 PM

Chennai Petroleum stock up 17% on strong Q4 results, dividend announcement

Chennai Petroleum Corporation stock soared 16.5 per cent to Rs 1,081.65 apiece, also its fresh record high, on the BSE in Wednesday's intraday trade. READ MORE