From the Sensex basket, Bajaj Finance, Mahindra & Mahindra, HDFC Bank, JSW Steel, Maruti, Wipro, Bharti Airtel, Bajaj Finserv, ICICI Bank and ITC had been the foremost gainers.
| Photo Credit: Reuters
Stock markets rebounded from early lows to shut increased on April 19, snapping the four-day shedding streak on heavy worth shopping for in banking and auto shares.
The index opened decrease and tanked additional 672.53 points or 0.92% to hit a low of 71,816.46 in early commerce. However, the index rebounded within the second half on value-buying in banking shares.
The NSE Nifty jumped 151.15 points or 0.69% to shut at 22,147. The broader index dropped to a low of 21,777.65 in early commerce earlier than paring its losses to finish within the inexperienced.
From the Sensex basket, Bajaj Finance, Mahindra & Mahindra, HDFC Bank, JSW Steel, Maruti, Wipro, Bharti Airtel, Bajaj Finserv, ICICI Bank and ITC had been the foremost gainers.
Nestle India, HCL Technologies, Larsen & Toubro, Tata Consultancy Services, Tata Motors and Infosys had been among the many laggards. Infosys declined practically 1% after the corporate’s income progress steering for FY25 failed to fulfill market expectations.
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong settled within the detrimental territory. European markets had been buying and selling within the pink. Wall Street ended principally decrease on April 18. Global oil benchmark Brent crude climbed 0.55% to $87.62 a barrel.
Foreign institutional traders (FIIs) offloaded equities value ₹4,260.33 crore on Thursday, in line with trade knowledge.
“Despite global weakness, Indian markets staged a strong recovery driven by large-cap stocks, buoyed by the expectation of limited prospects of escalation following Israel’s action against Iran. However, fragility persists with elevated oil prices, posing inflation risks,” stated Vinod Nair, Head of Research, Geojit Financial Services.
Meanwhile, the 2024 Lok Sabha polls kicked off on April 19 with the start of polling for the primary part. The BSE benchmark tanked 454.69 points or 0.62% to settle at 72,488.99 on Thursday. The NSE Nifty declined 152.05 points or 0.69% to 21,995.85.
