Stock Market News: Trends on GIFT Nifty Indicate Negative Opening

The Indian stock market ended deep in the red amid global political turmoil. At close, Sensex declined 845 points at 73,399.78 while Nifty fell 246 points and ended the session at 22,272.50. Around 917 stocks advanced and 2,984 declined while 148 stocks remained unchanged. Among the sectors, except oil & gas and metal, all other sectoral indices ended in the red with BSE Midcap and Smallcap indices down 1.5 percent each.

GIFT Nifty

Trends on GIFT Nifty indicate a negative opening for Indian indices.

US Markets

Wall Street ended sharply lower on Monday amid rising U.S. Treasury yields as simmering tensions in the Middle East helped curb investor risk appetite. The three major US stock indexes reversed initial gains to extend Friday’s sell-off, while the yen fell to its lowest level in 34 years, reviving intervention fears.

The Dow Jones Industrial Average fell 248.13 points, or 0.65%, to 37,735.11. The S&P 500 lost 61.59 points, or 1.20%, to 5,061.82. The Nasdaq Composite dropped 290.08 points, or 1.79%, to 15,885.02, according to a Reuters report.

Asian Markets

Asia-Pacific markets extended their declines as the world awaits Israel’s response to Iran’s air assault over the weekend. Japan’s Nikkei 225 plunged 1.5% at the open, while the broad based Topix was down 1.04%. South Korea’s Kospi also fell 1.31% and the small-cap Kosdaq saw a smaller loss of 0.86%. In Australia, the S&P/ASX 200 was 0.86% lower, according to a CNBC.com report.

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Stocks in the news

• Cipla: Cipla Health, a wholly-owned subsidiary of the company, has signed a business transfer agreement, for purchase of the distribution and marketing business undertaking of cosmetics and personal care business from Ivia Beaute, India, through a slump sale arrangement on a going concern basis.
• Jio Financial Services: Jio Financial has signed an agreement with BlackRock Inc and BlackRock Advisors Singapore Pte to form a 50:50 joint venture for setting up wealth management and broking business in India.
• Gujarat Gas: The company has signed a non-binding Memorandum of Understanding (MOU) with Indian Oil Corporation, to broaden the scope and accessibility of energy solutions for consumers.
• LTIMindtree: Pankaj Chugh as well as Gregory Dietrich have resigned as Executive Vice President – Global Sales of the company, with effect from April 15.
• Brigade Enterprises: The board has appointed Jayant Bhalchandra Manmadkar as Chief Financial Officer of the real estate company, with effect from April 18.
• Manappuram Finance: The gold loan financing company said the board of directors will be meeting on April 19 to consider the raising funds up to US$ 500 million, in one or more tranches, via external commercial borrowings.

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 3,268 crore. Domestic institutional investors (DIIs) purchased Rs 4,762.93 crore worth of stocks on April 15, provisional data from the NSE showed.

Stock under F&O ban on NSE

The NSE has added Bandhan Bank, Exide Industries, and Zee Entertainment Enterprises to the F&O ban list for April 16, while retaining Balrampur Chini Mills, GNFC, Hindustan Copper, India Cements, Metropolis Healthcare, National Aluminium Company, Piramal Enterprises, and SAIL to the said list.

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Source: NSE, BSE

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