Share Market Highlights: Sensex ends 243 pts lower, Nifty closes below 14,300; IT stocks, HDFC among top drags

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Updated: April 20, 2021 4:15:08 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity markets gave up all intra-day gains to end today’s trading session in the negative territory. Smallcap and midcap indices outperformed.

Share Market Today, Share Market LiveIndia VIX was down on Tuesday. (Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices erased intraday gains to close in the red on Tuesday. S&P BSE Sensex fell 243 points to close at 47,705 while the Nifty 50 index was just shy of 14,300. Ultratech Cement, HDFC, HDFC Bank, and IT stocks were among the top drags on Sensex. Dr Reddy’s and Bajaj Finserv were the top gainers on Sensex. Midcap and smallcap indices outperformed benchmarks. Among sectoral indices, Bank Nifty closed 0.31% lower while Nifty IT fell over 1%. Nifty Auto, Nifty Pharma, and Nifty Media were among the top-performing sectoral gauges. 

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Highlights

    16:15 (IST)20 Apr 2021
    Sensex, Nifty end in red for second day straight; are bears now in control on Dalal Street?

    Domestic benchmark indices ended in the red for the second day straight on Tuesday. S&P BSE Sensex closed 243 points lower at 47,705 while the Nifty 50 index was just shy of 14,300. Sensex and Nifty began the day with gains and extended those gains during the day, however, they failed to sustain at the highs and slipped to close in the red. IT stocks along with HDFC and HDFC Bank were among the top index drags. Midcap and smallcap indices outperformed benchmark indices, Volatility slipped but still holds above 22 levels. Bank Nifty closed in the red.

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    15:32 (IST)20 Apr 2021
    Closing Bell

    Sensex and Nifty ended the day in losses. Benchmark indices began the day with gains but dived into the negative territory during the dying hours of trade. 

    15:23 (IST)20 Apr 2021
    Nifty hovers around 14,300

    Nifty was hovering around 14,300 just ahead of the closing bell. Sensex was down more than 200 points. 

    15:19 (IST)20 Apr 2021
    Midcap, smallcap indices surge

    On NSE, the Nifty Midcap 50 was up 0.56% while the Nifty smallcap 50 was up 1.44% on Tuesday. Meanwhile, the Nifty 50 was down 0.30%.

    15:10 (IST)20 Apr 2021
    HDFC twins drag

    HDFC and HDFC Bank were among the worst performers on Sensex just ahead of the closing bell on Tuesday. HDFC share price fell 3% while HDFC Bank was down 1.28%. 

    15:05 (IST)20 Apr 2021
    Trimming losses

    Sensex and Nifty were seen trimming some losses as they neared the closing bell. Nifty was nearing 14,300 while Sensex was now down 260 points. 

    14:53 (IST)20 Apr 2021
    Sensex, Nifty dive further

    Sensex extended losses ahead of the closing bell and fell over 400 points while the Nifty 50 index was below 14,250.

    14:50 (IST)20 Apr 2021
    Bombay Oxygen Investments stock soars 133% in one month as investors mistake NBFC for oxygen producer

    Bombay Oxygen Investments share price has skyrocketed a massive 133% in less than one month, as the country grappled with a sudden surge in demand for oxygen. Investors fervently bought shares of companies linked to producing oxygen, seeing higher revenue generation as covid-19 cases continued to surge in India. However, Bombay Oxygen Investment, a prime beneficiary of the trend is no longer in the oxygen production business but instead is a non-bank financial company (NBFC). The stock price of Bombay Oxygen Investments slipped 5% on Tuesday to trade at Rs 23,346 apiece as investors realised the harsh reality. 

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    14:44 (IST)20 Apr 2021
    Top drags

    Ultratech Cement, HCL Tech, and HDFC are among the top drags on Sensex at this hour. 

    14:42 (IST)20 Apr 2021
    Snesex, Nifty tank

    Benchmark indices were deep in red on Tuesday with less than an hour left before the closing bell. Nifty was below 14,300 while Sensex was down 300 points.

    13:40 (IST)20 Apr 2021
    Gold prices up by 5% in April! What is driving prices higher and how to invest in yellow metal

    Gold price may have taken a reversal in the short term. After falling below Rs 45,000 per 10 gram, the gold price on MCX has crossed Rs 47,000. On April 1 this year, the price was at Rs 44800, thus showing that gold is up by nearly 5 per cent this month till now. On MCX, gold June futures were trading around Rs 47243. The highest gold price per ten gram was at around Rs 56,000 in August 2020. “Until the MCX GOLD price trades above Rs 45000, the uptrend will continue towards 47500 and then at 48850,” says Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services.

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    13:19 (IST)20 Apr 2021
    Back in black

    Sensex and Nifty are back in the positive territory. Sensex was trading with marginal gains while Nifty was seen inching closer to 14,400.

    13:11 (IST)20 Apr 2021
    Market valuations seem overextended; these sectors could be hit by localised lockdowns | INTERVIEW

    Although domestic stock markets have corrected from their all-time highs, market valuations still seem to be overextended given the economic outlook, said Investment advisor Sandip Sabharwal in an interview with Surbhi Jain of Financial Express Online. He added that consensus earnings estimates are very high and could be tough to achieve. The market veteran added that the second wave of covid-19 is likely to impact the April to June quarter earnings of various sectors as states revisit imposing lockdowns. Here are the edited excerpts.

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    12:59 (IST)20 Apr 2021
    Aditya Birla Sun Life AMC IPO to help parent co share price

    "This is a very positive development for Aditya Birla Capital, by this Aditya Birla capital will get some good amount of money for its other core business. As we have seen in previous IPOs that there is some allocation to the shareholder of the parent company in the IPO so we expect same this time also we suggest retail investor buy small quantity of Aditya Birla capital to be eligible for the shareholder category when the IPO of Aditya Birla sun life AMC comes in future," said Yash Gupta Equity Research Associate, Angel Broking.

    12:37 (IST)20 Apr 2021
    Dalal Street benchmark dance between gains and losses

    Sensex was trading flat, dancing between gains and losses on Tuesday. Nifty was below 14,400 but still sitting with marginal gains. 

    12:26 (IST)20 Apr 2021
    Top drags

    HDFC, HDFC Bank, Infosys, HCL Technologies, and TCS were the top index drags. HCL Tech was down 2.7%.

    12:26 (IST)20 Apr 2021
    Sensex, Nifty turn red

    Sensex and Nifty gave up all gains and turned negative on Tuesday. Sensex was again below 48,000 mark while Nifty was trading around 14,350.

    12:19 (IST)20 Apr 2021
    Bank Nifty up 0.8%

    Bank Nifty index was up 0.82% on Tuesday while the benchmark indices were trading flat with a positive bias. 

    11:48 (IST)20 Apr 2021
    Opening vaccination to all above 18 years of age a progressive move

    “India’s approach of opening vaccination to above 18 is a progressive move built on epidemiological & scientific pillars guided by WHO. However, we will be required to formulate a dynamic model to ensure availability by ramping up manufacturing, for which ICMR must be involved to address pricing, procurement and administration to cover the vulnerability priority groups. It will help if ICMR is empowered and a decision is taken towards getting foreign vaccine manufacturers to supply with the aim to vaccinate maximum population," said Vivek Talaulikar, CEO at Global Hospitals - Mumbai.

    11:45 (IST)20 Apr 2021
    Aditya Birla Sun Life AMC files DRHP with SEBI for IPO; parent Aditya Birla Capital to trim holding

    Aditya Birla Sun Life AMC, a subsidiary of Aditya Birla Capital, has filed a draft red herring prospectus (DRHP) for its initial public offering with capital market regulator SEBI (Securities Exchange Board of India) on Monday. The move comes a month after the board of Aditya Birla Capital gave its in-principle approval for the IPO. Aditya Birla Sun Life AMC, the investment manager of Aditya Birla Sun Life Mutual Fund, is a joint venture between the Aditya Birla Group and Sun Life Financial of Canada.

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    11:22 (IST)20 Apr 2021
    Nifty nears 14,400

    Nifty is hovering around 14,400 as benchmark indices trim gains. Sensex was up just over 100 points. 

    10:54 (IST)20 Apr 2021
    Global fund managers believe S&P 500 will outperform in 2021; tech stocks gaining investor interest

    An increasing number of global fund managers believe that the S&P 500 will outperform in 2021, according to Bank of America’s Global Fund Manager Survey (FMS). Now, 34% of survey participants believe that S&P 500 could be the best investment for 2021, dethroning emerging markets that were the most favoured trade till last month. So far this year, the S&P 500 has jumped 12.5% while emerging markets such as India and Brazil are largely flat year-to-date.

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    10:39 (IST)20 Apr 2021
    Broader markets outperform

    Broader markets are outperforming benchmark indices on Tuesday. Nifty and Sensex are up roughly 0.70% each.

    10:09 (IST)20 Apr 2021
    Risky times, traders need to be cautious

    "It is evident that the index has currently lost its sense of direction. Yesterday we failed to break 14200 on a closing basis and we are back today with a gap up opening. These are risky times and traders need to be very cautious. It is better to sit back and assess the situation on a continuous basis as stops are large and a bad trade can actually take away the gains of multiple good trades. On the upside the cap is at 15000 and on the downside, the trigger point is a close below 14200. Until one of these is not taken out, it is not advisable to trade the Nifty," said Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.

    09:49 (IST)20 Apr 2021
    Vaccination for all to be a positive for markets

    "The government's decision to open up vaccination for all above 18 from May 1st and announcement of measures to incentivise vaccine manufacturers are steps in the right direction. This is positive from the market perspective. The market is likely to ignore the stress in the healthcare system and the pains from the second wave. There is a big difference between the first wave & the second wave. During the first wave, the market was responding to the "unknown unknown". Now, the market is responding to the "known unknown." The vaccines give us a clear idea of the end game and the market which always discounts the future is likely to respond positively," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    09:39 (IST)20 Apr 2021
    Sensex, Nifty trim gains

    Sensex and Nifty are down from their opening highs but still sit comfortably in the green. Sensex is up 300 points while Nifty is just shy of 14,500.

    09:27 (IST)20 Apr 2021
    Petrol and diesel price today 20 April 2021: Fuel cost unchanged; check rates in Mumbai, Delhi here

    Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were unchanged today for the fourth day running. Fuel prices were cut on April 15 after having remained unchanged for fifteen consecutive days earlier. Today Petrol price in Delhi is Rs 90.40 per litre, 16 paise cheaper than yesterday, while Diesel prices were at Rs 80.73 per litre, down 14 paise. Fuel prices remain the highest in Mumbai at Rs 96.83 per litre for Petrol. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices on a daily basis in line with benchmark international price and foreign exchange rates.

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    09:23 (IST)20 Apr 2021
    Opening Bell

    Sensex and Nifty rebound on opening bell to recover some of yesterday's losses. Sensex was up 500 points while Nifty 50 zoomed to breach 14,500.

    09:08 (IST)20 Apr 2021
    Pre-open held Sensex, nifty recover some losses

    Sensex soars 500 points in pre-open session, Nifty sits comfortably above 14,500.

    09:07 (IST)20 Apr 2021
    Sputnik vaccine to be priced at $10

    Russian Sputnik vaccine will be priced at $10 per dose, G V Prasad of Dr. Reddy's told CNBC TV18. He added that the company is targeting May end to early June for importing the vaccine to India.

    09:02 (IST)20 Apr 2021
    Sensex, Nifty gain in pre-open

    Sensex regained 48,000 mark in the pre-open session on Tuesday morning. Nifty soared to cross 14,500.

    08:39 (IST)20 Apr 2021
    Cautious stance for the near term

    "It seems like our markets have decoupled from global counterparts due to rising COVID cases in India. Going forward, the COVID-19 situation and the pace of vaccination would be a key monitorable for the markets. Further, the earnings announcement from select Nifty majors would induce stock-specific volatility. We maintain our cautious stance in the near term," said Ajit Mishra, VP - Research, Religare Broking.

    08:38 (IST)20 Apr 2021
    HCL Technologies, Future Retail, Adani Ports, Crisil, Tech Mahindra, among stocks in focus

    SGX Nifty hints at a positive opening for domestic markets, a day after benchmark indices tanked. Global cues were, however, mixed as Wall Street ended Monday with losses. On Tuesday morning, Hang Seng, Topix, and Nikkei 225 were trading with losses. Meanwhile, Shanghai Composite, KOSPI and KOSDAQ were trading with gains. On the charts, Nifty respected the support at 14,200 which could lead to upside in the coming sessions. “Having placed at the crucial lower supports of 14200 and the chart pattern of daily/weekly timeframe, one may expect minor upside bounce in the next few sessions (up to the gap hurdle of 14550) There is an expectation of next round of weakness from the highs,” said Nagaraj Shetti, Technical Research  Analyst, HDFC Securities. 

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    08:12 (IST)20 Apr 2021
    HomeFirst: Initiate coverage with ‘buy’ ~ ICICI Securities

    Home First Finance (HomeFirst), an affordable housing financier (AHF) with AUM of `39 billion and focus on salaried housing loans, has several value propositions that differentiate it from peers in high-growth, high-yielding, hugely untapped AHF segment: 75% customers in EWS/LIC category and 32% being new to credit; technology at its core — right from sourcing to collections; well-trained/educated team to appropriately assess need and right size loans; paperless loan processing with quick TAT of <48 hours; and omni-channel lead generation driving sourcing. Few risks include sourcing as well as collections managed by front-end team; borrowing profile not fully explored yet; apartment home loans showing some stress (in pockets).

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    07:56 (IST)20 Apr 2021
    SGX Nifty up 43 points

    Nifty futures on the Singapore exchange were up 43 points on Tuesday morning, hinting at a positive start for domestic equity markets. 

    07:55 (IST)20 Apr 2021
    SC stays proceedings before Delhi HC in Amazon-Future case

    The Supreme Court on Monday stayed all proceedings before the Delhi High Court related to the enforcement of the Singapore Emergency Arbitrator’s interim award restraining the `24,713-crore deal between Future Retail and Reliance Retail. The matter was being heard by a single judge as well as a division bench of the Delhi High Court. After the orders of the single-judge bench were stayed by the division bench, Amazon, which is opposing the deal, had moved the SC.

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    07:54 (IST)20 Apr 2021
    Everyone above 18 can get Covid vaccine from May 1

    The government on Monday announced a ‘liberalised and accelerated’ Covid-19 vaccination programme beginning May 1, where all above 18 years of age will be eligible to be vaccinated. Also, vaccine manufacturers have been empowered to release up to 50% of supplies directly to state governments and in the open market at pre-declared prices, a move that would boost availability of the prophylactics to the people.

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    07:54 (IST)20 Apr 2021
    Everyone above 18 can get Covid vaccine from May 1

    The government on Monday announced a ‘liberalised and accelerated’ Covid-19 vaccination programme beginning May 1, where all above 18 years of age will be eligible to be vaccinated. Also, vaccine manufacturers have been empowered to release up to 50% of supplies directly to state governments and in the open market at pre-declared prices, a move that would boost availability of the prophylactics to the people.

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