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Metals, PSU banks drag markets down amid currency weakness and global uncertainty
Indian stocks and the rupee experienced a significant downturn on Thursday. Surging oil prices and rumors of potential military action against Iran impacted investor sentiment. Despite this, Indian markets saw their best April performance in 28 months. The Reserve Bank of India intervened to support the rupee. Markets will be closed on Friday for Maharashtra Day.
Sensex dives 850 pts, Nifty slips below 24,200 amid oil shock and weak global cues
The equity benchmark indices Sensex and Nifty tumbled on Thursday, extending losses for a second straight session. Firm crude oil prices and ongoing geopolitical tensions rattled sentiment. Brent crude surged for the fourth consecutive day to around $103 per barrel amid uncertainty over US-Iran talks and fresh concerns around the Strait of Hormuz. Weak Asian cues and persistent foreign fund outflows deepened the sell-off. The Nifty slipped below the 24,200 mark, dragged by auto, PSU banks and consumer durables stocks, while pharma and healthcare shares saw selective buying. Investors stayed cautious, closely tracking the ongoing Q4 earnings season for further triggers.
Trent, L&T to HDFC Bank: How are the worst-performing Nifty 50 stocks of last month faring in April?
Earlier this month, DSP Mutual Fund in its strategy report said that it is shifting from a conservative to a constructive view on the Indian stock market, as the correction has brought valuations closer to long-term averages.
Trent, L&T to HDFC Bank: How are the worst-performing Nifty 50 stocks of last month faring in April? - Mint
Trent, L&T to HDFC Bank: How are the worst-performing Nifty 50 stocks of last month faring in April?Mint
Top Gainers & Losers on April 23: Union Bank, Trent, Havells, Ashok Leyland, OLA, Canara Bank among top losers
The Indian stock market faced significant declines on April 23 due to rising geopolitical tensions and high crude oil prices. The Nifty 50 fell 0.86%, while the S&P BSE Sensex dropped 1.12%. Sectoral losses were led by Nifty Auto, which fell 2.28%.
Stock market crash: Will the Nifty 50 sustain above 24K? These three bank stocks hold key
On April 22, Indian stock markets fell sharply, with the Sensex losing 831 points and Nifty 50 dropping 224 points. The decline was driven by IT and banking sectors amid global uncertainties, including the U.S.–Iran conflict and fluctuating crude oil prices, causing cautious investor sentiment.
BofA sees opportunity in India's battered bank stocks, expects IT sector to underperform
Indian bank stocks present an attractive investment. Valuations for major private lenders are at historic lows. This decline follows a drop in the Nifty Bank index. Foreign investors have sold off bank shares. BofA Global Research sees potential for a rate hike by the Reserve Bank of India. This could boost bank margins and earnings.
Trent, RBL Bank among 8 stocks showing bullish RSI upswing
Eight Nifty 500 stocks that surged over 5% on April 6 appeared in the RSI Trending Up scan, with RSI crossing above 50 from lower levels. The signal indicates strengthening momentum, which traders track to spot improving sentiment and identify potential short-term buying opportunities in select counters.
Nifty April futures trade at premium
HDFC Bank, Reliance Industries and Trent were top traded contracts
Top Gainers & Losers on April 06: Zydus Wellness, Trent, Gravita India, RBL Bank, BSE NMDC among top gainers
On April 6, the Indian stock market reversed early losses, fueled by a ceasefire plan between Iran and the U.S. The Nifty 50 and Sensex each rose over 1%, with Zydus Wellness seeing a significant 15% spike in shares, the largest in 17 years.
Nifty Bank logs 3rd-worst March fall since the global financial crisis. HDFC Bank, SBI among top culprits
Nifty Bank posted its third-worst March in two decades, falling around 12%, with PSU and private banks under pressure. Heavy FII outflows, global macro headwinds, rising oil prices and geopolitical tensions have intensified the correction. Major constituents like HDFC Bank and ICICI Bank have significantly dragged the index lower.
Electric mobility stocks led by JBM Auto surge up to 14% on strong volumes
JBM Auto's shares are also the third-most traded on the Nifty 500 currently, behind HDFC Bank and Eternal.