Stock Market LIVE updates on Friday, April 19, 2024: M&M, HDFC Bank, Maruti Suzuki, ITC, HUL, ICICI Bank, Bajaj Finance, Bharti Airtel, and Wipro were supporting the recovery
 "Bombay Stock Exchange, Stock market, BSE")
Photo: Bloomberg
Stock markt LIVE updates on April 19, 2024: Equity markets recouped losses in the afternoon session on Friday, after Iran said it has no plans to counter retaliate against Israel, at least for now.
The S&P BSE Sensex, which crashed 650 points intraday, bounced back to trade at 72,690, up 200 points.
The Nifty50, which plunged near 21,800 levels in the morning trade, was hovering above 22,000.
M&M, HDFC Bank, Maruti Suzuki, ITC, HUL, ICICI Bank, Bajaj Finance, Bharti Airtel, and Wipro were supporting the recovery.
In the broader markets, the BSE MidCap and Smallcap indices were mixed with the former down 0.5 per cent, but the latter up 0.03 per cent.
Among sectors, the Nifty Bank, and FMCG indices turned positive, rising up to 0.16 per cent. On the downside, the Nifty Realty, Media, Pharma, and IT indices were weak.
1:50 PM
NBCC planning to set up its own NBFC to help save over $100 million
The construction and real estate developer estimates the move will help it save $108 million in interest costs over the next two years, said the sources, who did not want to be named as the discussions are private. READ MORE
1:46 PM
ALERT :: CCPA asks FSSAI to probe claim of Nestle adding sugar to baby products
Consumer protection regulator CCPA has asked Food Safety and Standards Authority (FSSAI) to look into the claim of a Swiss NGO, Public Eye and International Baby Food Action Network, that Nestle was selling baby products with higher sugar content in less developed countries like India. READ MORE
1:35 PM
ALERT :: Deepak Fertilisers-arm, Israel-based Haifa Group partner to promote Agri innovation in India
>> Mahadhan Agritech Limited (MAL), formerly known as Smartchem Technologies Limited (STL) and a subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), and Israel-based Haifa Group have entered into an understanding to promote high performing Specialty fertilizers to improve quality and productivity of crops in India and other countries.
1:23 PM
Expensive valuations leave limited upside in Bajaj Auto, caution analysts
On Thursday, Bajaj Auto reported a 35 per cent year-on-year (Y-o-Y) rise in profit after tax (PAT) to Rs 1,936 crore, and a 29 per cent growth in revenue from operations at Rs 11,485 crore in the fourth quarter of Financial Year 2023-24 (Q4 FY24). The results were largely in line with Bloomberg estimates of a 29.6 per cent jump in adjusted net income Y-o-Y and 28.7 per cent growth in revenue from operations. READ MORE
1:11 PM
Motilal Oswal Financial bonus issue plan buzz: Stock up 5%, hits record high
The board of directors of MOFSL is scheduled to meet on April 26, 2024 to consider and approve audited financial results of the company for the quarter and year ended March 31, 2024. The company also said they will consider and approve a proposal for declaration of bonus shares, if any, subject to approval of the shareholders of the company. READ MORE
12:56 PM
Market Check :: Sensex at day’s high, rises nearly 200 pts
12:50 PM
ALERT :: Iran dismisses counter retaliation for now
12:36 PM
Bandhan Bank stock hits 4-year low; Ghosh’s retirement plan weighs
In the past two weeks, the stock of private sector lender slipped 14 per cent after Chandra Shekhar Ghosh, Managing Director and Chief Executive Officer (MD and CEO) of the bank on April 5 said would retire after the completion of his current tenure on July 9. Ghosh has led the bank since July 10, 2015. READ MORE
12:20 PM
Bitcoin falls heavily as Israel strikes Iran, slides below $60,000
Cryptocurrencies fell heavily and bitcoin broke below $60,000 on Friday in a rush out of risky assets following reports of an Israeli missile strike on Iran. Bitcoin slid more than 5.5 per cent to $59,961 in the Asia session as the US dollar rose broadly. Ether fell by a similar margin, dropping below the $3,000 barrier to $2,895. Read more
12:07 PM
Asian markets update
11:47 AM
Lok Sabha Elections Update :: Over 7.30% polling registered in 4 Lok Sabha constituencies in Bihar till 9 am
>> 9% turnout till 9:00 AM in Arunachal Pradesh
>> 14.12% turnout till 9:00 am across six seats in Madhya Pradesh
>> Mizoram records 10.27% voter turnout till 9:00 am
>> Over 15% votes polled till 9 am in 3 Bengal LS seats
11:31 AM
How will Israel’s attack on Iran impact the stock market, crude oil, gold?
Reports of Irsael’s attack on Iran, in early hours of Friday, sent most Asian markets into a correction mode. The S&P BSE Sensex slipped nearly 1 per cent, or 599 points to hit a low of 71,816 levels – down sharply from its 52-week high of 75,124.28 hit on April 09.
In the broader markets, the BSE midcap and smallcap indices fell 1 per cent each in Friday’s intraday trade following the Israel and Iran’s conflict. Read more
11:07 AM
OMCs like IOC, BPCL, HPCL down up to 4% as tensions flare up in Iran-Israel
Shares of Bharat Petroleum Corporation Ltd (BPCL) were down by 4.2 per cent at Rs 560.20 intraday on Friday. Similarly, other oil and marketing companies (OMCs) such as Indian Oil Corporation and Hindustan Petroleum Corporation Ltd (HPCL) slumped 4.1 per cent each at Rs 162.20 and Rs 457, respectively in intraday deals. Read more
10:49 AM
Indus Towers hits over 6-yr high; zooms 51% in 1 month on improved outlook
Shares of Indus Towers hit an over six-year high of Rs 359.60 as they rallied 4 per cent on the BSE in Friday’s intraday trade in an otherwise weak market. The stock of the telecom infrastructure company continued at its northward movement, having surged 51 per cent in the past one month, on improved business outlook. Since November 2023, it has more-than-doubled, zooming 108 per cent during the period. Read more
10:35 AM
Nifty Oil and Gas companies fall up to 3% as tensions flare between Iran-Israel
10:18 AM
As Israel fires missiles at Iran, Elon Musk shares message of peace
After reports emerged that Israel had fired missiles at Iran, Tesla chief Elon Musk took to social media platform X to share his message of peace. In a post on Friday morning, he wrote, “We should send rockets not at each other, but rather to the stars.” Read more
10:03 AM
Iran-Israel war: NSE Nifty index nears 100-DMA; Key levels to watch out for
The NSE Nifty 50 plunged 1 per cent or 218 points to 21,778 in Friday’s intra-day deals following a sell-off in Asian markets on reports of multiple explosions in Iran, amid the Israel retaliation threat. Markets across the globe have witnessed a steep fall this week after Iran’s drones and missiles strike on Israel over the weekend. Read more
9:53 AM
Infosys dips 3%, hits over four-month low on modest FY25 guidance
Shares of Infosys dipped 3 per cent to Rs 1,379.70, hitting over four-month low on the BSE in Friday’s intra-day trade. This comes after the company projected a revenue growth guidance of 1-3 per cent in constant currency (CC) for the financial year 2024-25 (FY25). The stock is trading at its lowest level since November 15, 2023. It has corrected 20 per cent from its 52-week high level of Rs 1,731 touched on February 6, 2024. Read more
9:39 AM
Wipro Q4 Preview: profits may decline 8-10%, revenues to dip 4-5% YoY
Wipro is expected to register a decline in revenue and profit for the January-March quarter (Q4FY24) as compared to the same quarter in the year ago period due to seasonality, weakness in discretionary spending and cautious sentiment across major verticals impacting revenue growth in Q4, analysts said.
According to brokerage estimates, Wipro is likely to report a net profit in the range of Rs 2,778 crore to Rs 2,829 crore for the fourth quarter, down 8-10 per cent year on year (YoY) against Q4FY23 where it reported Rs 3,076 crore. Read more
9:30 AM
Infosys down 2% in early trade on Q4 numbers
Don’t miss the most important news and views of the day. Get them on our Telegram channel
First Published: Apr 19 2024 | 7:50 AM IST
