Indices end choppy day in the green; Sensex up 28 pts; Wipro soars 9%

Wipro, which jumped 10 per cent in the intra-day trade and hit a record high of Rs 474 on the NSE, ended as the top gainer on the Nifty after clocking its best performance in Q4 in a decade

4:22 PM

TECH VIEW :: Nagaraj Shetti, Technical Research Analyst at HDFC Securities

The short term trend of Nifty continues to be positive. But, the strength of up move seems to be lacking near the crucial overhead resistance around 14700-14800 levels. A sustainable move only above 14800 could open any meaningful upside from here and any failure could bring bears back into action.

4:12 PM

TECH VIEW :: Ashis Biswas, Head of Technical Research at CapitalVia Global Research

The market witnessed a positive trend in today's activity. The breakout on Thursday, 15th April above the resistance level of the Nifty50 Index level of 14500 is positive from a short-term perspective. Sustaining above 14500 levels, the market to gain momentum, lead to an upside projection till the 14900 levels. The momentum indicators like RSI and MACD support the upside move indicate the continuation of the short-term uptrend is more likely.

4:05 PM

MARKET RECAP :: S Ranganathan, Head of Research at LKP Securities

Despite US markets hitting new highs, Indices here remained in a range today as FII figures for the first half of the month were not very encouraging but we did see plenty of action in the broader market with Pharma & Metals witnessing investor appetite. Despite a normal monsoon forecast today by the met dept, investors remained circumspect on account of rising coronavirus cases

3:57 PM

Markets this week

>> S&P BSE Sensex slipped 1.5 per cent

>> Nifty50 dipped 1.4 per cent

>> Adani Ports (8.2%), IndusInd Bank (6.6%), and Infosys (6%) were the top Nifty losers

>> Cipla (6.2%), Wipro (4.3%), M&M (3.6%) were the top Nifty gainers

3:46 PM

TECH VIEW :: Rohit Singre, senior technical analyst at LKP Securities

The Nifty has taken strong resistance from 14,700 levels, which will be an immediate hurdle for the coming week. Support is still placed at 14500-14400 levels. If the index is able to hold this, there are chances it may move up further going ahead.

3:41 PM

Nifty ends 36 points higher

3:39 PM

Volume toppers :: Sensex

3:38 PM

Sensex heat map

ICICI Bank, Bajaj Finance among top losers

3:35 PM

CLOSING BELL

During Friday's session, the Sensex index dropped 250 points from day's high of 49,089 to settle 28 points, or 0.06 per cent higher at 48,832.

 

The NSE's Nifty50, on the other hand, ended at 14,618 levels, up 36 points or 0.25 per cent. The index had reached an intra-day high of 14,698. 

3:25 PM

Citigroup's retreat highlights global banks' struggle in China, India

Increased rivalry from domestic lenders, especially in consumer financing, and fierce competition for top talent contributed to the challenges that overseas banks have often struggled to overcome. High capital and regulatory requirements also proved onerous.

 

Citigroup Chief Executive Officer Jane Fraser said Thursday that the bank had decided it didn’t have the scale it needed to compete in China, India and 11 other markets. Overall, international banks had a 1.2% share of assets in 2020 in Asia’s largest economy, compared to 1.8% in 2010, McKinsey & Co. data showed. In India, that number slipped to 6.8% last year, down from 7.2% a decade ago, according to the data. READ MORE

3:15 PM

MARKET CHECK :: Sensex pares gains

3:07 PM

Jindal Steel exits Oman biz via balance 51% stake sale to Vulcan Steel

Moving towards the completion of its Oman unit divestment, Naveen Jindal-led Jindal Steel & Power (JSPL) arm Jindal Steel & Power (Mauritius) Limited has sold its balance stake to Vulcan Steel in the second and final tranche.

 

In a BSE filing, the Delhi-based primary steel producer today informed that the balance stake sold represented 51 percent of the share capital of Jindal Shadeed Iron and Steel LLC, Oman was sold to the private limited company, in accordance with shareholder approval secured at the extraordinary general meeting held in July last year. READ MORE

2:53 PM

Result tomorrow | HDFC Bank Q4: Analysts see 25% YoY jump in PAT; guidance key monitorable

Analysts at Kotak Institutional Equities would focus on near-term growth recovery and segments that would be drive this growth. They are factoring-in a 6 per cent quarter-on-quarter (QoQ) decline in net profit, at Rs 8,218.6 crore, on the back of a 0.3 per cent dip in operating profit at Rs 15,135.7 crore. Both the parameters, however, would be 18.6 per cent and 16.8 per cent higher, respectively on a year-on-year (YoY) due to low base effect. READ MORE

2:42 PM

Latest Covid-19 wave deadlier in Brazil than India: No one knows why

When it comes to the scale of infections, the two nations are similarly matched, with cases hovering around 14 million and hospitals from Mumbai to Sao Paulo under increasing pressure as admissions continue to rise. But it’s the divergence in fatalities that has scientists puzzled. Brazil, home to almost 214 million, has seen more than 365,000 people die from Covid-19, more than double the number of deaths in India, which has a far greater population of 1.4 billion. READ MORE

2:32 PM

MARKET UDPATE:: Sensex regains momentum

2:23 PM

European markets check

(Source: Reuters)

2:21 PM

NEWS ALERT :: GTPL Hathway declares interim dividend of Rs 4/share

>> Co reports profit of Rs 56.9 crore vs loss of Rs 13.6 crore YoY in Q4FY21

2:16 PM

Gold prices hover near seven-week peak as US bond yields decline

Gold prices held steady near their highest since late-February on Friday, en route to their second straight weekly gain, boosted by a drop in U.S. Treasury yields and a weaker dollar.

 

Spot gold was flat at $1,762.70 per ounce by 0740 GMT, after hitting its highest since Feb. 26 at $1,769.37 on Thursday. Bullion is up more than 1% so far this week. READ MORE

2:04 PM

Real estate gets pvt equity investments of $3.2 bn in Q1: Report

The Indian real estate attracted private equity (debt and equity) investments of 3.24 billion dollars across 19 deals during January to March (Q1 2021), up 16 times compared to 199 million dollars in Q1 2020, according to Knight Frank India.

 

The investments in Q1 2021 in value terms were 80 per cent of that witnessed in full year 2020 and 48 per cent of full year 2019, it said in its latest research report. READ MORE
 

1:54 PM

NEWS ALERT :: Ashok Leyland delivers Light Bullet Proof Vehicles to Indian Air Force

>>Ashok Leyland has delivered first of its kind “Light Bullet proof Vehicles” to the Indian Air force.

>> Ashok Leyland delivered first lot of these modern vehicles on April 13th.

>> LBPV is an adopted version of Lockheed Martin’s (LM) CVNG (Common Vehicle Next Gen) and has been developed under TOT from LM to Ashok Leyland. It is completely indigenized and developed in India

1:45 PM

NEWS ALERT :: Sunday lockdown announced in UP

1:41 PM

Infosys: Analysts keep the faith despite the disappointing Q4 show

A miss on the March quarter performance and valuations weighed on the Infosys stock which shed about 3 per cent trade on Thursday. The disappointment was largely due to the high expectations built in into estimates after the consistent outperformance on growth and deal wins over the previous quarters.

 

While constant current growth of 2 per cent in the quarter fell short of the 3-4 per cent estimate, the growth guidance of 12-14 per cent for FY22 too was a shade below what analysts had forecasted. READ MORE

1:40 PM

Stocks that hit 52-week high on BSE today

Company	PRICE(rs)	52 WK HIGH	CHG(%)
Century Plyboard	340.30	358.70	2.42
Coforge	3196.20	3205.05	4.96
Dabur India	574.05	581.00	0.21
DCM Shriram	655.40	662.40	17.26
Emami	540.40	544.95	2.15

1:29 PM

SBI Card trades higher for third straight day; stock up 8% on heavy volumes

Shares of SBI Cards and Payment Services were trading higher for the third straight day, advancing 8 per cent to Rs 976 on the BSE in the intra-day trade on Friday, on the back of heavy volumes. In the past three days, the stock has gained 10 per cent after correcting 22 per cent from its record high level of Rs 1,149 touched on February 24, 2021. READ MORE

1:21 PM

MARKET UPDATE:: S&P BSE MidCap index at day's high, up 1.5 per cent

1:10 PM

Price hike hit :: Maruti Suzuki to increase prices of select models owing to increase in various input costs

>> The weighted average price increase in Ex-Showroom Prices (Delhi) across models is 1.6%.

>> The new prices are effective from today i.e. 16th April, 2021.

 

1:05 PM

DCM Shriram rallies 20% on heavy volumes, stock hit all-time high

Shares of DCM Shriram moved higher by 20 per cent to hit an all-time high of Rs 663.89 on the National Stock Exchange (NSE), in the intra-day trade on Friday, on the back of heavy volumes. The stock has surpassed its previous high of Rs 637, touched on May 23, 2019. At 12:39 pm, it was trading 17 per cent higher at Rs 651 compared to a 0.46 per cent rise in the Nifty50 index. Trading volumes on the counter jumped nearly four-fold with a combined 2.8 million equity shares changing hands on the NSE and BSE. READ MORE

12:55 PM

BUZZING STOCK:: JSW Energy zooms 8%

12:45 PM

Covid, ATF prices to push airlines into Rs 10,000 cr loss in FY22: Crisil

The second wave of Covid-19 pandemic has already resulted in slowdown in air traffic. Airlines are clubbing flights as booking volumes have slumped around 40 per cent. On Tuesday domestic air traffic fell to 183,331 (first time under 200,000 since last November). On Thursday the Mumbai airport announced consolidation of all operations at terminal 2 (T2) barely a month after shifting a few flights to T1. All domestic and international flights in Mumbai will now operate from T2 from April 21. READ MORE

12:38 PM

Fall from intra-day high in BSE500 stocks in today's session

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
Responsive Ind	182.90	166.90	167.50	-8.42
K P R Mill Ltd	1297.85	1204.00	1210.00	-6.77
Future Consumer	7.20	6.64	6.82	-5.28
Century Plyboard	358.70	326.25	340.20	-5.16