Stock Market Collides; Nifty Hits 22,100, Sensex Drops 500 PTS; Jio Financial Rises 4%
The BSE Sensex began in negative territory on April 16 at 72,892.14, down by 507.64 points, or 0.69 percent. At 21,125.30, the NSE Nifty50 index started lower as well, down 147.20 points, or 0.66 percent.
The Nifty Bank index, which is based on data from 12 banking companies, decreased by more than 400 points from its previous close and was trading the red at 47,350.
Focused Stocks
Spicejet, Interglobe Aviation Stock: Compared to the previous month, when it was 60.1%, Indigo’s market share climbed to 60.5% in March. In contrast, Spicejet has seen a little increase to 5.3% month over month.
Vedanta Stock: The business has obtained an 11-year loan from the PFC for a total of Rs 3900 crore.
Shares of Jio Financial rise 4%.
Jio Financial Services Ltd.’s shares increased 4% to trade at Rs 369 each on the NSE, representing a 4.10 percent increase from the previous day’s closing price. The firm and Blackrock have formed a 50:50 joint venture to build a brokerage and wealth management business.
Today’s Stocks Are Booming
After Happy Forgings secured an order for Rs 500 crore from a worldwide manufacturer, the company’s shares increased by more than 4%.
Shares of VST Industries increased by about 2% after block trades.
The purchase of 66 lakh shares by Massachusetts Institute of Technology resulted in a 3% increase in Marksans Pharma shares.
Shares of Bharti Hexacom increased by more than 3% on Jefferies’ “buy” recommendation.
markets before to opening
Pre-opening, the BSE Sensex fell 507.64 points, or 0.69 percent, to trade at 72,891.64. At 21,125.30, the NSE Nifty50 index had a drop of 147.20 points, or 0.66 percent.
The BSE Sensex ended at 73,300.78, down 1.16%, while the Nifty 50 finished the day at 22,277.85, down 1.07%.
On April 15, the Nifty 50 saw significant losses for Shriram Finance, Bajaj Finserv, Wipro, ICICI Bank, and Eicher Motors, while major gainers were ONGC, Hindalco, Maruti Suzuki, Britannia, and Nestle India.
