fbpx

Stock Market News: Trends on GIFT Nifty Indicate Negative Start for Sensex, Nifty

🗓 

by Sandip Das on 12 April 2024,  5 min read

0
(0)

The Indian stock market ended on a positive note on April 10, 2024. At close, the BSE Sensex jumped 354 points to 75,038, while the Nifty 50 gained 111 points to 22,754. Except pharma, all other sectoral indices ended in the green with media, PSU Bank, FMCG, metal and oil & gas up 1-2 percent. Around 1761 shares rose and 1617 shares declined while and 81 stocks remained unchanged.

GIFT Nifty

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

US Markets

U.S. stocks closed higher on Thursday, with tech-related momentum stocks leading the charge, as fresh economic data rekindled hopes that inflation remains in a cooling trend. Interest rate-sensitive megacaps gave the tech-heavy Nasdaq a decisive edge. The S&P 500 also closed in positive territory, while the Dow ended essentially unchanged.

The Dow Jones Industrial Average fell 2.43 points, or 0.01%, to 38,459.08. The S&P 500 gained 38.42 points, or 0.74%, to 5,199.06. The Nasdaq Composite added 271.84 points, or 1.68%, to 16,442.20, according to a Reuters report.

Asian Markets

Asia-Pacific markets were mixed Friday after an inflation-fueled selloff in the previous session, with investor assessing economic data from Singapore and South Korea while awaiting China trade numbers.

South Korea’s benchmark Kospi index was down 0.38%, but the small-cap Kosdaq gained 0.62%. Japan’s Nikkei 225 climbed 0.51%, while the broad-based Topix rose 0.53%. In Australia, the S&P/ASX 200 slipped 0.25%, according to a CNBC.com report.

Also read: Aavas Financiers, Voltas Top 2 Stocks to Buy Which can Give Up To 16% Return
Stocks in the news
  • Tata Consultancy Services: The country’s largest IT services company is set to release its quarterly as well as full year earnings scorecard on April 12. In addition, Anand Rathi Wealth will also announce its quarterly earnings on the same day.
  • Bharti Hexacom: The subsidiary of telecom operator Bharti Airtel is set to debut on the bourses on April 12. The final issue price has been fixed at Rs 570 per share.
  • Maharashtra Seamless: The company has received order worth Rs 674 crore from ONGC for supply of casing seamless pipes. The order will be executed within 44 weeks.
  • Computer Age Management Services: The company has received certificate of authorisation from the Reserve Bank of India, to operate as an online payment aggregator.
  • Metropolis Healthcare: The company experienced around a 10 percent YoY increase in overall revenue for quarter ended March FY24. The core business revenue grew by 15 percent YoY driven by volume growth approximately 8 percent and RPP growth at 7 percent YoY for the quarter.
  • DCX Systems: The company has appointed Diwakaraiah N J as Chief Financial Officer (CFO), with effect from April 11.
FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 2,778.17 crore, while domestic institutional investors (DIIs) purchased Rs 163.36 crore worth of stocks on April 10, provisional data from the NSE showed.

Stock under F&O ban on NSE

The NSE has added Balrampur Chini Mills, and National Aluminium Company to the F&O ban list for April 12.

Dhanush is an online trading platform powered by Ashika Group which gives a flawless and smooth trading experience. Get solid research analysis, data-driven approach, customer-centric service philosophy, trust-based advice & competitively priced products. Click here for more stock market blogs

Source: BSE, NSE

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Spread the love