by Sandip Das on 15 April 2024, 5 min read
The Indian stock market ended in deep in the red on April 12, 2024. At close, Sensex was down 793.25 points or 1.06 percent at 74,244.90. Nifty fell 234.40 points or 1.03 percent at 22,519.40. Around 1305 stocks advanced and 1988 stocks declined while 68 stocks remained unchanged. All the sectoral indices ended in the red with bank, healthcare, FMCG, Media, realty, oil & gas down 1 percent each.
Trends on GIFT Nifty indicate a negative opening for Indian indices.
US stocks tumbled on Friday following a mixed start to earnings reporting season. Worries about potentially escalating tensions in the Middle East rattled financial markets, pushing investors to look for safer places for their money. The S&P 500 sank 1.5 percent to close out its worst week since October, when a huge rally on Wall Street began. The Dow Jones Industrial Average dropped 475 points, or 1.2 percent, and the Nasdaq composite fell 1.6 percent from its record set the day before. The S&P 500 fell 75.65 points to 5,123.41. The Dow Jones Industrial Average dropped 475.84 to 37,983.24, and the Nasdaq composite sank 267.10 to 16,175.09, Reuters reported.
Asian shares slumped and gold prices rose on Monday as risk sentiment took a hit after Iran’s retaliatory attack on Israel stoked fears of a wider regional conflict and kept traders on edge. Markets in Asia began the week on a cautious footing. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7% after Iran had, late on Saturday, launched explosive drones and missiles at Israel in retaliation for a suspected Israeli attack on its consulate in Syria on April 1, according to a Reuters report. Japan’s Nikkei slid more than 1%, while Australia’s S&P/ASX 200 index lost 0.6%.
Foreign institutional investors (FIIs) net sold shares worth Rs 8,027 crore, while domestic institutional investors (DIIs) purchased Rs 6,341.53 crore worth of stocks on April 12, provisional data from the NSE showed.
The NSE has added GNFC, Metropolis Healthcare, and Piramal Enterprises to the F&O ban list for April 15.
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