Stock Market Live Updates 16 April 2024: Asian stocks slide on US inflation concerns and Middle East tensions

tock Market Today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 16 April 2024.

• April 16, 2024 07:43
  

  Stock Market Live Today: Stocks that will see action today: April 16, 2024

  Buzzing Stocks: Zee, IDBI Bank, VST Ind, Vedanta, HCL Tech, HUL, Jio Financial, Aster DM Healthcare, CIpla, Transformers & Rectifiers

• April 16, 2024 07:30
  

  Stock Market Live Today: Securities in F&O Ban For Trade Date 16-April-2024  

  * BALRAMPUR 

  * BANDHANBK 

  * EXIDEIND 

  * GNFC 

  * HINDCOPPER 

  * INDIACEM 

  * METROPOLIS 

  * NALCO 

  * PEL 

  * SAIL 

  * ZEEL

• April 16, 2024 07:27
  

  Commodities Market Live Today: Copper likely to gain more on China’s output cut, rising demand

  Copper prices will likely gain further in 2024 on fears of production cuts in China and increasing demand, particularly for green energy transition, after having gained about 10 per cent since the beginning of 2024. They are currently ruling at highs not seen since June 2022. 

  The red metal prices have averaged $8,558/tonne year-to-date as of April 2 2024. Prices have been on a steady upward trend since the start of the year, surging to $9,089/tonne on March 18 on the back of possible production cuts in China, said research agency BMI, a unit of Fitch Solutions. 

• April 16, 2024 07:26
  

  Data Focus: Counterfeit notes decline 68% in the two terms of NDA

  Printing of fake notes or counterfeit notes is declining fast, especially since demonetisation in 2016. Data from the Reserve Bank of India (RBI) show that approximately ₹7.98 crore worth of counterfeit notes were detected in FY23. This is 70 per cent lower than ₹24.84 crore of fake notes found in FY14.

  Counterfeit currency refers to imitation or fraudulent money created with the intent to deceive the system. Its presence can significantly impact the economy by devaluing legitimate currency and contributing to inflation.

• April 16, 2024 07:25
  

  Stock Market Live Today: Broker’s call: Puravankara (Buy)

  We initiate a bullish Buy rating on Puravankara Ltd (PURVA) based on the following factors: Presales to grow at 20%CAGR over FY23-26E, debt and debt coverage well under control, strong execution track record over the decade, Strong P&L recognition expected in next 5-7 years, paradigm shift in focus following onboarding of new CEO.

• April 16, 2024 07:24
  

  Stock Market Live Today: Broker’s call: PNB Housing (Buy)

  PNB Housing Finance plans to transform from a prime housing financier into a lender that offers a wide bouquet of mortgage products across cohorts of product and customer profiles. In addition to its existing affordable housing loans (Roshni) vertical, it will also enter the emerging market vertical from FY25.

• April 16, 2024 07:23
  

  Stock Market Live Today: Mahindra Group to invest ₹1,200 crore to develop renewable energy project

  Mahindra Group has announced that it will develop a 150-MW hybrid RE (solar + wind) project at a total project cost of about ₹1,200 crore. The project will be developed by Mahindra Susten, part of Mahindra Group, with marquee global investor Ontario Teachers’ Pension Plan Board as a strategic partner.

  The installation will include 101-MW wind capacity and 52-MW solar capacity and is expected to generate 460 million kWh of energy leading to expected abatement of 420,000 tonnes of CO ₂ emissions.

• April 16, 2024 07:22
  

  Commodities Market Live Today: Basmati turns into $5-b export product

  Basmati exports have hit a new record both in volume and value during fiscal 2024. As per latest data, shipments during April-Feb crossed the $5.2 billion with volumes touching a new high exceeding 4.67 million tonnes.

  While the exports for FY24 will create a new record after incorporating the figures for March, the prevailing geopolitical tensions in the Middle East are likely to weigh on shipments in current fiscal. The trade is worried about the emerging situation in Middle East, which accounts for over 70 per cent of the basmati exports.

• April 16, 2024 07:19
  

  Stock Market Live Today: Cipla subsidiary strengthens presence in cosmetics and personal care

  Cipla Health Limited has signed a business transfer agreement for the purchase of distribution and marketing undertakings of Ivia Beaute Private Ltd’s (India) cosmetics and personal care business.

  The cost of acquisition is ₹130 crores on closing, the company said, adding that “₹110 crores was contingent upon achievement of certain financial parameters (milestones) for next three years as outlined in the agreement.” The acquisition included IVIA’s brands Astaberry, Ikin and Bhimsaini on a global level, the company said.

• April 16, 2024 07:18
  

  Stock Market Live Today: With seizures at ₹4,650 cr and counting, poll panel takes on money power

  Money power is showing its ugly might this poll season. The Election Commission of India (ECI) on Monday said it anticipates the highest ever “seizures of inducements” recorded in the 75-year history of Lok Sabha elections.

  “Enforcement agencies have made a record seizure of over ₹4,650 crore in ECI’s resolute fight against money power even before the first phase of polling for the 18th Lok Sabha elections commences on Friday. This marks a sharp increase over the ₹3,475 crore seized during the entire Lok Sabha election in 2019,” the ECI said in a statement on Monday.

• April 16, 2024 07:17
  

  Editorial. BJP manifesto retains development-welfare policy mix

  The BJP manifesto, bearing the unmistakeable imprimatur of Prime Minister Narendra Modi, has an undertone of quiet confidence running through it. It focuses more on economy and governance issues than ideologically contentious ones, which is very welcome. The assurance is of ‘hitting the road up and running’ on winning a third term. The manifesto does not unveil extravagant plans that could compromise the fisc, perhaps because it feels they are not electorally necessary.

• April 16, 2024 07:05
  

  Stock Market Live Today: Economic Calendar – April 16, 17 – 2024

  07:30 CHINA GDP y/y (Expected: 4.8% versus Previous: 5.2%) 

  07:30 CHINA Industrial Production y/y (Expected: 6.0% versus Previous: 7.0%) 

  11:30 U.K. Claimant Count Change (Expected: 17.2k versus Previous: 16.8K)

  18:00 U.S. Building Permits (Expected: 1.51M versus Previous: 1.52M)

  18:45 U.S. Industrial Production m/m (Expected: 0.4% versus Previous: 0.1%)

  22:30 U.K. BOE Gov Bailey Speaks

  22:45 U.S. Fed Chair Powell Speaks

  Economic Calendar – 17.04.2024 

  Indian Equity Markets @ Holiday

  11:30 U.K. CPI y/y (Expected: 3.1% versus Previous: 3.4%) 

  14:30 EURO CPI y/y (Expected: 2.4% versus Previous: 2.4%) 

  21:30 U.K. BOE Gov Bailey Speaks

• April 16, 2024 07:04
  

  Stock Market Live Today: Major U.S. listed stocks result calendar 16.04.2024 

  UnitedHealth Group Incorporated (Pre market) (Sector- Healthcare)

  Johnson & Johnson (Pre market) (Sector- Healthcare)

  Bank of America Corporation (Pre market) (Sector- Financial)

  Morgan Stanley (Pre market) (Sector- Financial)

  PNC Financial Services Group, Inc. (Pre market) (Sector- Financial)

  The Bank Of New York Mellon Corporation (Pre market) (Sector- Financial)

  Northern Trust Corporation (Pre market) (Sector- Financial)

  Ericsson (Pre market) (Sector- Technology)

  J.B. Hunt Transport Services, Inc. (Post market) (Sector- Logistics) 

  Omnicom Group Inc. (Post market) (Sector- Media)

  United Airlines Holdings, Inc. (Post market) (Sector- Aviation)

  Interactive Brokers Group, Inc. (Post market) (Sector- Financial)

  Major U.S. listed stocks result calendar 17.04.2024 

  ASML Holding N.V. (Pre market) (Sector- Technology)

  Abbott Laboratories (Pre market) (Sector- Healthcare)

  Prologis, Inc. (Pre market) (Sector- Realty)

  U.S. Bancorp (Pre market) (Sector- Financial)

  The Travelers Companies, Inc. (Pre market) (Sector -Financial)

  Citizens Financial Group, Inc. (Pre market) (Sector- Financial)

  VinFast Auto Ltd. (Pre market) (Sector- Automobile)

  CSX Corporation (Post market) (Sector- Logistics)

  Crown Castle Inc. (Post market) (Sector- Realty)

  Kinder Morgan, Inc. (Post market) (Sector- Energy)

  Las Vegas Sands Corp. (Post market) (Sector- Hotel)

  Equifax, Inc. (Post market) (Sector- Miscellaneous)

  Discover Financial Services (Post market) (Sector- Financial)

  Rexford Industrial Realty, Inc. (Post market) (Sector- Realty)

• April 16, 2024 06:57
  

  Stock Market Live Today: Fund Flow Activity: 15 April 2024 (In Cr)

  Turnover: (NSE + BSE)

  Cash Volume: 104736.68 + 8833.96 Total : 113570.64

  F&O Volume: 644855.22 + 8735015.64 Total : 9379870.86

  Provisional Cash Rs. In Crs.

  FII/FPI: NET SELL: -3268 

  (10443.55 – 13711.55) 

  DII: NET BUY: +4762.93 

  (13578.59 – 8815.66)

• April 16, 2024 06:57
  

  Stock Market Live Today: Key market data

  Closing Bell:

  * Sensex: 73399.78(-845.12) 

  * Nifty 50: 22272.50(-246.90)

  * Nifty bank: 47773.25 (-791.30)

  Nifty top 5 Gainers: 

  * ONGC: 279.85 (+14.15)

  * Hindalco: 612.70 (+14.05)

  * Maruti Suzuki: 12,422.85 (+156.30)

  * Nestle: 2,553.65 (+17.45)

  * Britannia: 4,761.90 (+10.15)

  Nifty top 5 losers:

  * Shri Ram finance : 2,414.65 (-70.95)

  * Bajaj Finserv: 1,656.85(-41.80 )

  * Wipro : 459.35( -11.40 )

  * ICICI Bank: 1,078.35( -26.05)

  * Larsen: 3,600.80 (-78.45)

• April 16, 2024 06:55
  

  Stock Market Live Today: Today’s Stock Recommendation: 16 April 2024

  Here’s an interesting stock idea: The stock idea that we have for you today is Bandhan Bank. The stock has been in downtrend since the beginning of this year. The downtrend is intact, and the stock price can fall more from here. Check out the latest episode of Today’s Pick to learn more.

• April 16, 2024 06:54
  

  Stock Market Live Today: Stock to sell today: Bandhan Bank (₹175.95): SELL

  Bandhan Bank share price has been in a strong downtrend since the beginning of the year. The downtrend is intact. There is room for the share price to fall more from current levels. Resistance is around ₹182. 

• April 16, 2024 06:53
  

  Stock Market Live Today: Day trading guide for April 16, 2024: Intraday supports, resistances for Nifty50 stocks

  Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI