Share Market Update | April 19, 2024

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Latest Market News

  1. Rail Vikas Nigam Limited Collaboration: Rail Vikas Nigam Limited has signed a Memorandum of Understanding with a prominent Turkish engineering company to collaborate on infrastructure projects throughout India, enhancing the nation's infrastructure development capabilities.

  2. Gokaldas Exports Qualified Institutional Placement: Gokaldas Exports begins its Qualified Institutional Placement (QIP) today, with the floor price set at ₹789.99 per share. The company aims to raise up to ₹600 crore through this placement to fuel its future growth.

  3. US Job Market Stability: The United States reports stable initial jobless claims for the week ending April 13, maintaining the previous week's total of 212,000. This consistency indicates a steady job market.

  4. Mahindra Lifespace Real Estate Boom: Mahindra Lifespace Developers has achieved significant sales, totaling ₹350 crore, over just two days at their new Mahindra Zen residential project in Bengaluru, reflecting robust demand in the real estate sector.

  5. ITC Infotech Acquisition Move: ITC Infotech, a subsidiary of ITC Limited, is set to acquire 100% of the share capital of Blazeclan Technologies for ₹485 crore, aiming to enhance its technological capabilities and market reach.

  6. NSE's New Derivative Contracts: The National Stock Exchange (NSE) announces the launch of derivative contracts on the Nifty Next 50 index, set to be effective from April 24. This move is expected to provide investors with new avenues for investment and risk management.

  7. Market Activity by Foreign and Domestic Investors: Foreign Institutional Investors (FIIs) net sold equities worth ₹4,260.33 crore, while Domestic Institutional Investors (DIIs) net bought equities worth ₹2,285.52 crore yesterday, indicating divergent strategies between these two investor groups in the Indian equity market.

Detailed Global Market Insight: U.S. and International Stocks, Other Asset Classes, and Asian Market

U.S. Stock Market

  1. Performance Overview:

    • U.S. stocks displayed significant volatility on Thursday, alternating between gains and losses. This movement reflected mixed reactions to economic data and Federal Reserve policies.

    • The main stock indexes (Dow Jones, S&P 500, Nasdaq) all experienced fluctuations, closing the week with notable declines.

  2. Economic Indicators:

    • Positive indicators included low jobless claims and robust factory data.

    • Negative indicators were weaker home sales and a disappointing leading economic index.

  3. Federal Reserve Commentary:

    • John Williams of the New York Fed highlighted the strong economy but dismissed the idea of reducing the central bank's policy rate in the near future.

  4. Sector-Specific Movements:

    • The technology sector, particularly chip stocks, notably dragged down the Nasdaq.

  5. Corporate Earnings:

    • Companies like Procter & Gamble, SLB, and American Express were set to report their quarterly results following the stock market's closure.

Other Asset Classes

  1. Treasury Yields:

    • Yields on Treasury notes increased, driven by solid economic data suggesting the Federal Reserve might maintain higher interest rates longer than expected.

  2. Currency:

    • The U.S. dollar strengthened against a basket of major currencies, supported by positive U.S. economic reports.

  3. Commodities:

    • Crude oil prices remained near three-week lows amidst mixed economic signals and geopolitical tensions.

    • Gold prices rose, benefiting from its status as a safe-haven asset amidst ongoing turmoil in the Middle East and uncertainties regarding U.S. interest rates.

Asian Markets

  1. General Trends:

    • Asian markets dropped, influenced by Wall Street's losses and a decline in investor sentiment.

  2. Specific Index Performance:

    • Japan’s Nikkei and Topix indices fell following the release of the country's inflation data.

    • South Korea’s Kospi and Kosdaq also saw declines, pulling back from gains made the previous day.

India Market Outlook

  1. GIFT Nifty Projection:

    • Expected to open lower due to geopolitical tensions and extended global market weakness, with a trading range anticipated between 21,650 and 21,950.

  2. Nifty Short-Term Outlook:

    • Nifty exhibited high volatility and continued its downward trend for the fourth consecutive session, closing near its daily low.

    • The index breached crucial support levels and showed signs of potential further declines.

  3. Intraday Levels:

    • Resistance and support levels were identified for Nifty, Bank Nifty, and Fin Nifty, indicating key thresholds for market movements.

Derivative Market Analysis

  1. Nifty and Bank Nifty:

    • Derivative data highlighted significant put and call option interest at certain levels, suggesting potential support and resistance zones.

    • Open interest and price movements suggested the buildup of short positions, indicating a bearish sentiment among traders.

  2. Top News Impacting Markets:

    • Various corporate and economic announcements, including corporate expansions, government contracts, and derivative market changes, were likely to influence market sentiments.

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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