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Stock market highlights on Friday, April 19, 2024: Equity markets shrugged off concerns around the Middle East tensions after Iran said it won't consider "immediate" retaliation against Israel

stock brokers, Sensex, Nifty, BSE, NSE

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	<strong>Closing Bell on April 19, 2024:</strong> Equity markets shrugged off concerns around the Middle East tensions after Iran said it won&#39;t consider &quot;immediate&quot; retaliation against Israel. Earlier, it had denied confirmation of Israel&#39;s attack on its soil. This, coupled with short-covering by foreign investors, helped benchmark indices end sharply higher on Friday.</div>
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	The S&P BSE Sensex sank 672 points in the early hours of Friday&#39;s session amid reports of three explosions in Iran, likely launched by Israel. The index, however, bounced back in the afternoon session to end 599 points, or 0.83 per cent, higher at 73,088 levels.</div>
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	On the NSE, the Nifty50 hit an intraday low of 21,778 before closing at 22,147, up 151 points or 0.7 per cent.&nbsp;</div>
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	Bajaj Finance, M&M, Maruti Suzuki, JSW Steel, Grasim Industries, HDFC Bank, Bajaj Finserv, Bharti Airtel, Wipro, Tech M, ITC, and Tata Steel helped the frontline indices move higher. These stocks advanced between 1 per cent and 3 per cent.</div>
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	Meanwhile, in the broader markets, the indices ended lower with the BSE MidCap slipping 0.39 per cent, and the BSE SmallCap 0.04 per cent.&nbsp;</div>
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	Among sectors, the Nifty Financial Services, and Private Bank indices added 1 per cent each. On the downside, the Nifty Realty slipped 0.7 per cent.&nbsp;</div>
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Stock Market Highlights, April 19: Sensex zooms 599 pts, Nifty nears 22,150; Financials surge

Business Standard

Stock Market Highlights, April 19: Sensex zooms 599 pts, Nifty nears 22,150; Financials surge | News on Markets - Business Standard

Welcome to Business Standard&#39;s LIVE market blog.

Broader markets :: Indices end lower despite solid gains in benchmarks

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Sensex Heatmap :: HDFC Bank, Bajaj Finance, Maruti lead recovery

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Closing Bell :: Sensex surges nearly 600 pts

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Market Check :: Sensex at day's high, rises nearly 200 pts

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Bandhan Bank stock hits 4-year low; Ghosh's retirement plan weighs

In the past two weeks, the stock of private sector lender slipped 14 per cent after Chandra Shekhar Ghosh, Managing Director and Chief Executive Officer (MD and CEO) of the bank on April 5 said would retire after the completion of his current tenure on July 9. Ghosh has led the bank since July 10, 2015. <a href="https://www.business-standard.com/markets/news/bandhan-bank-stock-hits-4-year-low-ghosh-s-retirement-plan-weighs-124041900422_1.html?1713509791" target="_blank"><strong>READ MORE</strong></a><br />
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Bitcoin falls heavily as Israel strikes Iran, slides below $60,000

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	Cryptocurrencies fell heavily and bitcoin broke below $60,000 on Friday in a rush out of risky assets following reports of an Israeli missile strike on Iran. Bitcoin slid more than 5.5 per cent to $59,961 in the Asia session as the US dollar rose broadly. Ether fell by a similar margin, dropping below the $3,000 barrier to $2,895. <a href="https://www.business-standard.com/markets/cryptocurrency/bitcoin-falls-heavily-as-israel-strikes-iran-slides-below-60-000-124041900406_1.html" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="Bitcoin" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-04/16/full/1713258745-3487.JPG" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Bitcoin" /></div>
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How will Israel's attack on Iran impact the stock market, crude oil, gold?

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	Reports of Irsael&#39;s attack on Iran, in early hours of Friday, sent most Asian markets into a correction mode. The S&amp;P BSE Sensex slipped nearly 1 per cent, or 599 points to hit a low of 71,816 levels - down sharply from its 52-week high of 75,124.28 hit on April 09.</div>
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	In the broader markets, the BSE midcap and smallcap indices fell 1 per cent each in Friday&rsquo;s intraday trade following the Israel and Iran&rsquo;s conflict.<a href="https://www.business-standard.com/markets/news/how-will-israel-s-attack-on-iran-impact-the-stock-market-crude-oil-gold-124041900340_1.html" target="_blank"> <strong>Read more</strong></a><br />
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		<img align="" alt="Crude oil" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-02/29/full/1709199123-9167.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Crude oil" /></div>
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OMCs like IOC, BPCL, HPCL down up to 4% as tensions flare up in Iran-Israel

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	Shares of Bharat Petroleum Corporation Ltd (BPCL) were down by 4.2 per cent at Rs 560.20 intraday on Friday. Similarly, other oil and marketing companies (OMCs) such as Indian Oil Corporation and Hindustan Petroleum Corporation Ltd (HPCL) slumped 4.1 per cent each at Rs 162.20 and Rs 457, respectively in intraday deals. <a href="https://www.business-standard.com/markets/news/omcs-like-ioc-bpcl-hpcl-down-up-to-4-as-tensions-flare-up-in-iran-israel-124041900322_1.html?1713504834" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="Oil, OMCs, Oil rig, Fuel, Indian Oil, Hindustan OIL, Bharat Petroleum, Petrol, Gas, LPG, Oil drilling, block, basin" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-11/10/full/1573409485-8892.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Oil, OMCs, Oil rig, Fuel, Indian Oil, Hindustan OIL, Bharat Petroleum, Petrol, Gas, LPG, Oil drilling, block, basin" /></div>
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Indus Towers hits over 6-yr high; zooms 51% in 1 month on improved outlook

Shares of Indus Towers hit an over six-year high of Rs 359.60 as they rallied 4 per cent on the BSE in Friday&#39;s intraday trade in an otherwise weak market. The stock of the telecom infrastructure company continued at its northward movement, having surged 51 per cent in the past one month, on improved business outlook. Since November 2023, it has more-than-doubled, zooming 108 per cent during the period. <a href="https://www.business-standard.com/markets/news/indus-towers-hits-over-6-yr-high-zooms-51-in-1-month-on-improved-outlook-124041900304_1.html?1713503776" target="_blank"><strong>Read more</strong></a><br />
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Nifty Oil and Gas companies fall up to 3% as tensions flare between Iran-Israel

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As Israel fires missiles at Iran, Elon Musk shares message of peace

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	After reports emerged that Israel had fired missiles at Iran, Tesla chief Elon Musk took to social media platform X to share his message of peace. In a post on Friday morning, he wrote, &quot;We should send rockets not at each other, but rather to the stars.&quot; <a href="https://www.business-standard.com/world-news/israel-launches-missile-strike-on-iran-explosion-heard-in-isfahan-124041900146_1.html" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="Elon Musk" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-03/06/full/1709693941-2686.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Elon Musk" /></div>
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Iran-Israel war: NSE Nifty index nears 100-DMA; Key levels to watch out for

The NSE Nifty 50 plunged 1 per cent or 218 points to 21,778 in Friday&#39;s intra-day deals following a sell-off in Asian markets on reports of multiple explosions in Iran, amid the Israel retaliation threat. Markets across the globe have witnessed a steep fall this week after Iran&#39;s drones and missiles strike on Israel over the weekend<strong>. <a href="https://www.business-standard.com/markets/news/iran-israel-war-nse-nifty-index-nears-100-dma-key-levels-to-watch-out-for-124041900241_1.html?1713500835" target="_blank">Read more</a></strong><br />
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	<img align="" alt="Nifty Realty index" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-12/14/full/1544767829-8792.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Nifty Realty index" /></div>
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Infosys dips 3%, hits over four-month low on modest FY25 guidance

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	Shares of Infosys dipped 3 per cent to Rs 1,379.70, hitting over four-month low on the BSE in Friday&rsquo;s intra-day trade. This comes after the company projected a revenue growth guidance of 1-3 per cent in constant currency (CC) for the financial year 2024-25 (FY25). The stock is trading at its lowest level since November 15, 2023. It has corrected 20 per cent from its 52-week high level of Rs 1,731 touched on February 6, 2024. <a href="https://www.business-standard.com/markets/news/infosys-dips-3-hits-over-four-month-low-on-modest-fy25-guidance-124041900225_1.html?1713499981" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="Infosys, Indian IT industry, IT companies" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-04/12/full/1712892658-7213.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Infosys, Indian IT industry, IT companies" /></div>
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Wipro Q4 Preview: profits may decline 8-10%, revenues to dip 4-5% YoY

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	Wipro is expected to register a decline in revenue and profit for the January-March quarter (Q4FY24) as compared to the same quarter in the year ago period due to seasonality, weakness in discretionary spending and cautious sentiment across major verticals impacting revenue growth in Q4, analysts said.&nbsp;</div>
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	According to brokerage estimates, Wipro is likely to report a net profit in the range of Rs 2,778 crore to Rs 2,829 crore for the fourth quarter, down 8-10 per cent year on year (YoY) against Q4FY23 where it reported Rs 3,076 crore.<a href="https://www.business-standard.com/markets/news/wipro-q4-preview-brokerages-predict-8-10-yoy-decline-in-profits-124041900181_1.html" target="_blank"><strong> Read more</strong></a><br />
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		<img align="" alt="wipro" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-01/15/full/1705314077-8862.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="wipro" /></div>
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Infosys down 2% in early trade on Q4 numbers

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Sensex Heatmap :: 29 of 30 index stocks in red

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ALERT :: Iran says the explosion heard in Isfahan was a result of the activation of Iran's air defence system

<blockquote class="twitter-tweet">
	<p dir="ltr" lang="en">
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		IRANIAN OFFICIAL TO REUTERS: THERE WAS NO MISSILE ATTACK ON IRAN</p>
	&mdash; First Squawk (@FirstSquawk) <a href="https://twitter.com/FirstSquawk/status/1781162906551308547?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
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Pre-Open Session :: Sensex tanks nearly 500 pts

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ALERT :: 10-year bond yield hits highest level since Jan 8

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ALERT :: Rupee opens at a record low of 83.55/$

Vodafone Idea FPO subscribed 26%; BSE warns investors against fake videos

Vodafone Idea&rsquo;s follow-on public offering (FPO) was subscribed 26 per cent on Thursday, the opening day of the issue. The institutional investor portion of the FPO was subscribed 61 per cent, with bulk of the bids coming from overseas funds.&nbsp;<a href="https://www.business-standard.com/markets/news/vodafone-idea-fpo-subscribed-26-bse-warns-investors-against-fake-videos-124041900007_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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ALERT :: Battleground 2024: Polls begin today, Gadkari to Sonowal on the ballot

Five years ago, of the 102 seats, the Bharatiya Janata Party (BJP) had won 40 seats and its then allies another eight. The AIADMK, which won one seat, was then a constituent of the BJP-led National Democratic Alliance (NDA). <a href="https://www.business-standard.com/elections/lok-sabha-election/lok-sabha-elections-1-625-candidates-in-fray-in-102-constituencies-124041801202_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">IDF: SIRENS SOUNDED IN NORTHERN ISRAEL</p>&mdash; First Squawk (@FirstSquawk) <a href="https://twitter.com/FirstSquawk/status/1781153238131335262?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

ALERT :: Iran may attack Israel's nuclear facilities

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">IRAN IRGC STATES THAT IRAN WILL TARGET ISRAELI NUCLEAR SITES WITH COUNTERATTACK</p>&mdash; RedboxGlobal India (@REDBOXINDIA) <a href="https://twitter.com/REDBOXINDIA/status/1781151129830891630?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

ALERT :: Reports say explosions could be near Iran's nuclear facilities

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">EXPLOSIONS SO FAR HAVE BEEN REPORTED IN THE LAST FEW MINUTES NEAR THE CITIES OF ISFAHAN AND NATANZ IN CENTRAL IRAN, WHICH BOTH CONTAIN SIGNIFICANT FACILITIES FOR THE IRANIAN NUCLEAR PROGRAM</p>&mdash; RedboxGlobal India (@REDBOXINDIA) <a href="https://twitter.com/REDBOXINDIA/status/1781128370685665634?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

&gt;&gt; Iran&rsquo;s Fars news agency reportedly said that explosions were heard near the airport at the country&rsquo;s central Isfahan city, but the reason was unknown

ALERT :: Dow Futures slide 500 pts after a mixed end overnight

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ALERT :: Asia a sea of red amid likely strikes in Iran

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Stock Market Highlights, April 19: Sensex zooms 599 pts, Nifty nears 22,150; Financials surge

Stock market highlights on Friday, April 19, 2024: Equity markets shrugged off concerns around the Middle East tensions after Iran said it won't consider "immediate" retaliation against Israel

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