Share Market Update | April 10, 2024

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In today’s fast-paced financial world, it's pretty important for anyone playing the stock market game, whether you’re investing or trading, to stay on top of the latest share market news. That's what we're here for with our newest blog entry. We've got the scoop on what’s happening in the market today, focusing on the heartbeat of the Indian stock scene. We take a deep dive into what’s moving and shaking, from the big players to the must-know stock shifts, making sure you get a full picture of the day's share market happenings. 

Latest Market News

- Protean eGov Technologies is planning to initiate a Qualified Institutional Placement (QIP) with the objective of raising funds up to ₹245 crore.

- Surinder Chawla, the Managing Director and CEO of Paytm Payments Bank, has tendered his resignation.

- JSW Energy is setting ambitious goals to achieve a generation capacity of 20GW, aiming to reach this milestone before its 2030 target.

- The government is considering the redirection of an increased quantity of sugar for the production of ethanol, a move reflecting its focus on alternative fuels.

- ICICI Lombard has formed a strategic partnership with Policybazaar, marking a significant collaboration in the insurance sector.

- Foreign Institutional Investors (FIIs) registered a net sale of ₹593.20 crore in equities, whereas Domestic Institutional Investors (DIIs) witnessed a net purchase of ₹2,257.18 crore in the stock market as of yesterday.

Global Market Overview:

  • MSCI global equity gauge slightly rose.

  • U.S. Treasury yields dropped from a 4-month+ high.

  • Investors await U.S. inflation data and Q1 earnings.

  • Dow Jones slightly down, S&P 500 and Nasdaq up.

U.S. Market Focus:

  • Anticipation for March U.S. CPI data showing potential inflation increase to 3.4% from 3.2%.

  • Market odds for a June rate cut by the Fed adjusted to 56% from 61.5%.

Bond and Currency Markets:

  • Yield on U.S. 10-year notes fell to 4.358%.

  • 2-year note yield decreased to 4.7384%.

  • Dollar index slightly down at 104.09.

  • Yen near multi-decade lows, Japan may act to support it.

Commodity Markets:


  • U.S. crude oil output forecast increased.

  • U.S. crude and Brent prices fell.

  • Spot gold hit a record for the 8th consecutive session.


Asian Market Trends:

  • Mixed performance in Asia-Pacific markets.

  • Japan's corporate inflation up, New Zealand and Thailand central bank decisions awaited.

  • Australia's index gains, Japan's Nikkei and Topix down.

Indian Market Outlook:

  • Gift Nifty indicates a positive opening for Indian markets.

  • Nifty expected to range amid anticipation of U.S. inflation data.

  • Bank Nifty outperformed, signaling potential consolidation phase.

Intraday Levels:

  • Nifty, Bank Nifty, and Fin Nifty intraday resistance and support levels outlined.

Derivative Data Analysis:

  • Nifty and Bank Nifty open interest and price movement analysis, highlighting support, resistance, and market sentiment based on option chain and PCR data.

Stay informed with Bajaj Broking’s share market update, where we bring you not just the numbers, but the stories behind the figures. Explore the nuances of the Indian share market latest news, and equip yourself with knowledge to make informed decisions in the ever-evolving financial markets.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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Frequently Asked Questions

What exactly is the stock market, and how does it work?

Answer Field

The stock market is a platform where investors buy and sell shares of publicly traded companies. It operates through stock exchanges, where supply and demand for securities determine prices.

Why should I consider investing in the stock market?

Answer Field

Investing in the stock market offers the potential for long-term wealth growth, dividend income, portfolio diversification, and ownership stakes in successful companies.

How can I start investing in the stock market?

Answer Field

To begin investing in stocks, individuals can open a brokerage account, conduct research on companies and industries, and start building a diversified portfolio aligned with their investment goals and risk tolerance.

What factors should I consider before investing in stocks?

Answer Field

Important factors to consider include investment goals, risk tolerance, time horizon, market research, diversification, and staying informed about economic and market trends.

What are the risks associated with stock market investments?

Answer Field

Risks include market volatility, liquidity risk, company-specific risks, and the potential for loss of capital. It's essential for investors to assess their risk tolerance and diversify their portfolios accordingly.

How do I stay informed about daily market happenings?

Answer Field

You can stay informed by monitoring financial news websites, market analysis reports, earnings announcements, economic indicators, and utilising real-time market data provided by reliable brokerage platforms.

What is the difference between long-term investing and trading in the stock market?

Answer Field

Long-term investing involves holding stocks for extended periods, typically years or decades, with a focus on capital appreciation and dividend income. Trading involves buying and selling stocks more frequently, often based on short-term price movements.

How can I mitigate risks in the stock market?

Answer Field

Risk mitigation strategies include diversifying your portfolio, setting stop-loss orders, conducting thorough research, avoiding over-leveraging, and maintaining a long-term perspective on investments.

Are there any specific tax implications associated with stock market investments?

Answer Field

Yes, tax implications vary depending on factors such as investment duration, type of account (e.g., taxable brokerage account, retirement account), and realised gains or losses from selling stocks.

Can I invest in the stock market with a small amount of capital?

Answer Field

Yes, many brokerage platforms offer fractional investing or allow investors to purchase partial shares, enabling individuals with limited capital to start investing in the stock market with smaller amounts.

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