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Benchmarks slide as crude climbs, Sensex sheds 583 pts, Nifty below 24K
Equity benchmark indices tumbled on Thursday as surging crude oil prices, weak Asian cues and relentless foreign fund outflows battered investor sentiment. The Nifty slipped below the 24,000 mark, weighed down by banking stocks. Most sectoral indices ended in the red, with the Nifty IT index bucking the trend. Brent crude climbed to around $120 per barrel amid rising fears of supply disruptions linked to potential curbs on Irans ports, fuelling inflation concerns in India. Global markets offered little support, pressured by elevated energy prices and uncertainty over the Federal Reserves policy stance. Meanwhile, a sharp slide in the rupee to a record low added to the strain on domestic equities.
Market Trading Guide: Buy RIL and Coal India on Thursday for near term gains up to 8%
Nifty's technical indicators suggest potential for a bullish crossover. Analysts recommend buying Reliance Industries and Coal India. Reliance Industries shows strong bullish momentum with potential upside to Rs 1,500-1,520. Coal India broke resistance and is poised for gains towards Rs 510-520.
ONGC among 7 stocks flashing bullish signals, hinting at a possible uptrend
Seven stocks from the Nifty 500 universe appeared in the White Marubozu bullish scan on April 28, signalling strong buying interest during the session. The pattern reflects sustained upward momentum, positive sentiment, and potential continuation of the trend, offering near-term opportunities in stocks exhibiting strong bullish price action.
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.
Q4 Results LIVE Updates: L&T Tech profit below Street estimates but margin improves
Q4 Results Live Updates: Result reactions are dominating market proceedings in Wednesday's trading session. HCLTech is the top loser on the Nifty 50 with a 9% drop after a disappointing quarter and an equally disappointing guidance for the new financial year. HCLTech's fall has also pressured the entire IT space. Along with HCLTech, Transformers & Rectifiers is also down over 10% and is the top loser on the Nifty 500. Along with these, Bharat Coking Coal, Delta Corp, L&T Technology Services, Havells India, Oracle Financial and Maharashtra Scooters will also be reporting their numbers today. Watch this space for all the Live earnings updates, management commentary and a lot more.
Closing Bell: Sensex Falls Nearly 1%, Nifty 50 Slips Below 24,500; IT Stocks Drag, Oil Hits $100 Mark - Dalal Street Investment Journal
Closing Bell: Sensex Falls Nearly 1%, Nifty 50 Slips Below 24,500; IT Stocks Drag, Oil Hits $100 MarkDalal Street Investment Journal
Quant MF finds value in insurance, wealth after correction; avoids oil plays
Sandeep Tandon, Founder & CIO of Quant Mutual Fund, expects Indian equities to see consolidation in the near term before resuming an upward move, with a shift toward stock-specific opportunities.
PPFAS Portfolio Churn: Rajeev Thakkar-led fund house laps up large-cap banks, sells these two RIL group stocks in March
PPFAS Mutual Fund increased its holdings in HDFC Bank amid market volatility, while offloading Reliance Group stocks worth ₹730 crore. Check key portfolio changes in March.
Indian fund outperforming 98% of peers bets on defense stocks
A $3 billion fund at Kotak Mahindra Asset Management Co. is backing Indian defense stocks, wagering that geopolitical tensions will boost local arms production and support the government’s efforts to lower reliance on imports.
7 stocks where DIIs are trimming their stakes in March quarter
Declining DII shareholding across Nifty 500 stocks signals cautious sentiment, with investors trimming exposure in firms like Bank of India and Hindustan Petroleum Corporation amid strategy shifts, valuation concerns, and evolving market conditions during the March 2026 quarter.
Trade Setup for April 15: Nifty holds 23,500 support but bulls aim for a retest of 24,000
Wednesday's session will see stocks like ICICI Prudential Life, ICICI Prudential AMC, Just Dial react to their quarterly results, while names like LG Electronics India, Bharat Coking Coal, and Rubicon Research see their respective shareholder lock-ins end.
Trade Setup for April 13: Can Nifty bulls push towards 24,500 after snapping six-week losing streak?
The Nifty closed above the key psychological level of 24,000 on Friday, as sentiment remained positive, aided by softer crude oil prices amid rising expectations of a potential US-Iran truce.