Share Market Highlights: Sensex closes 882 points lower, Nifty ends at 14,359; Bank stocks among top drags

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Updated: April 19, 2021 4:28:30 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic stock markets recovered some intra-day losses but closed with losses as bears asserted control on Dalal Street. Bank Nifty fell 2.4% during the day.

Share Market Today, Share Market LiveIndia VIX surged on Monday. (Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity markets closed in the red on Monday. Sensex gave up 48,000 and tanked 882 points to close at 47,949. Nifty ended at 14,359. Dr Reddy’s and Infosys were the only Sensex gainers. Power Grid, ONGC and banking stocks were among the top drags on the day. Bank Nifty recovered some losses to close 2.4% lower after having tanked over 4% earlier in the day. Among other sectoral indices, only Nifty Pharma closed the day with gains. Broader markets fared worse than the benchmark indices. 

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    16:28 (IST)19 Apr 2021
    Monday mayhem on Dalal Street as Sensex, Nifty tank; here's what experts make of today's trade

    Dalal Street today saw the return of bears and witnessed them dominate the day’s trading session. S&P BSE Sensex closed 882 points lower at 47,949 while the NSE Nifty 50 dived to close at 14,359. Bears wreaked havoc on equity markets pulling down almost all segments of the market. Banking stocks were among the major drags for most of the day’s trade but recouped some losses during the closing hour of trade. Power Grid, IndusInd Bank, ONGC, and Kotak Mahindra Bank were the top laggard on Sensex today. Dr Reddy’s and Infosys were the top gainers.

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    15:35 (IST)19 Apr 2021

    Sensex and Nifty ended deep in red, although higher from their intra-day lows. Sensex closed 882 points lower while Nifty 50 was down 258 points at 14,359.

    15:26 (IST)19 Apr 2021
    HCL Tech dives 2%

    Share price of HCL Technologies plummeted on Monday. The stock was among the three Sensex gainers earlier in the day, but ahead of the closing bell it is down 2%.

    15:20 (IST)19 Apr 2021
    Nifty above 14,350

    Nifty is above 14,350 with minutes to go till the closing bell. Sensex was down 870 points.

    15:14 (IST)19 Apr 2021
    Bank stocks inch higher

    Banking stocks trimmed some of their losses in the dying hours of trade on Monday. Now ONGC and Powergrid were the worst performing stocks on Sensex.

    15:06 (IST)19 Apr 2021
    Sensex, Nifty cut losses

    Ahead of the closing bell, Sensex and nifty were again seen recovering their lows. Sensex was now down 860 points while Nifty 50 was above 14,300.

    14:56 (IST)19 Apr 2021
    HCL Technologies back in red

    Giving up gains, HCL Technologies share price once again slipped into the negative territory on Monday. Now, only Dr Reddy's and Infosys were the two index gainers. 

    14:54 (IST)19 Apr 2021
    All sectoral indices trade with losses

    On NSE, all sectoral indices were trading with losses on Monday with less than an hour left to go before the closing bell. 

    14:47 (IST)19 Apr 2021
    Paytm Money introduces Mirae Asset's NYSE FANG+ ETF & MF

    Homegrown digital financial services platform Paytm, today said that its wholly-owned subsidiary 'Paytm Money' is empowering retail investors with access to top technology stocks from the United States in association with Mirae Asset’s NYSE FANG+ ETF. The country is already one of the largest markets for companies like Facebook, Amazon, Netflix, and Google (Alphabet) - FANG, and its importance will only rise over the next decade. 

    14:46 (IST)19 Apr 2021
    Sensex down 1,000 points again

    Sensex has once again slipped more than 1,000 points. The index recovered some losses earlier in the day only to once again tumble down.

    14:39 (IST)19 Apr 2021
    Sensex, Nifty down 2% each

    Sensex and Nifty were trading 2% lower on Monday with less than an hour left before the closing bell. Sensex was down 970 points while Nifty was above 14,300.

    14:33 (IST)19 Apr 2021
    Nifty Pharma back in red

    Nifty Pharma index slipped back into the red ahead of the closing bell. Now, Nifty IT was the only sectoral index to trade with gains on Monday.

    14:30 (IST)19 Apr 2021
    Broader markets lag

    While Sensex and Nifty trimmed some of their losses, broader markets were still faring worse than the benchmarks on Monday. 

    14:24 (IST)19 Apr 2021
    Volatility soars further

    India VIX is now up 11% at 22.6 levels with nearly an hour left to go before the closing bell. Sensex and Nifty trimmed some of their losses but were again seeing weakness.

    14:19 (IST)19 Apr 2021
    Mirae Asset NYSE FANG+ ETF NFO

    “Mirae Asset NYSE FANG+ ETF NFO could provide a good opportunity for those seeking international diversification. The fund has delivered better Risk-adjusted returns than NIFTY 50 and NASDAQ 100, across most tenures ranging from 3 months to 5 years.  Also, it has exhibited a lower correlation with the Nifty50 Index. An investor will also get the additional benefit due to currency depreciation. Further, the fund is available at less expensive valuations as compared to valuations of top Indian companies in the Nifty 50.” INDmoney said in a report.

    14:17 (IST)19 Apr 2021
    European stock markets gain

    "European equity markets are trading slightly higher this morning with the German index up 0.10 per cent on the day. Following a long period of consolidation, EU equities are finally picking up momentum as the optimism on Wall Street spilt over to Europe. US economic data is hinting at a strong recovery and the earnings season is likely to give markets another major boost - despite the already high expectations," said Milan Cutkovic, Market Analyst at Axi .

    14:14 (IST)19 Apr 2021
    Banking indices trim losses further

    Bank Nifty was now down 3%, followed by Nifty PSU Bank, down 4.23% and Nifty Private Bank down 3.28%. The indices were up from their lows as benchmark indices inched higher.

    14:12 (IST)19 Apr 2021
    Delhi government requests Indian Railways to deploy COVID-19 care coaches at two stations; details

    COVID-19 second wave: The Delhi government has urged Piyush Goyal-led Indian Railways to arrange up to 5,000 beds by deploying COVID-19 care coaches at the Shakur Basti railway station and Anand Vihar railway station in Delhi, in view of the rising number of novel coronavirus cases in the national capital, according to a PTI report. In a letter to the Chairman of Railway Board Suneet Sharma, Delhi Chief Secretary Vijay Kumar Dev said in the recent past, there has been a tremendous increase in novel coronavirus cases in Delhi, resulting in a high number of serious cases requiring medical treatment in hospitals.

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    14:11 (IST)19 Apr 2021
    Jubilant Pharma in action

    Jubilant has sought authorization for additional studies for its novel oral formulation of Remdesivir from the Drug Controller General of India (DCGI). "Jubilant is hoping to provide an affordable, more convenient, easy-to-administer and potentially effective treatment option for COVID-19 patients. The proposed oral treatment is expected to be for 5 days, a duration similar to the injectable dosage form. Remdesivir is the first and the only antiviral drug fully approved by the US FDA for the treatment of patients with COVID-19 requiring hospitalization. We expect this to be a very short-term benefit for the company, as we expect more players to develop this medicine for covid 19 and once cases in India come down the use of Remdesivir will also come down," said Yash Gupta Equity Research Associate, Angel Broking.

    13:54 (IST)19 Apr 2021
    That little thing called economics!

    Operationalising prime minister Modi’s call to use whatever capacity India has to step up production of vaccines is easier said than done because, as Serum Institute CEO Adar Poonawala pointed out in a CNBC-TV18 interview, the fastest way to augment production is to divert existing capacity from other vaccines. He estimated the cost of this would be Rs 3,000 crore.

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    13:47 (IST)19 Apr 2021
    Nifty IT, Nifty Pharma gain

    Nifty IT and Nifty Pharma indices were up in the green while all other sectoral indices on NSE were trading with losses. Bank Nifty was down 3.77%. 

    13:38 (IST)19 Apr 2021
    India VIX still near highs

    While the benchmark indices were recouping some of their losses, the volatility index was still up 10% sitting at 22.57 levels.

    13:28 (IST)19 Apr 2021
    HDFC Bank makes higher provisions in Q4, surprises analysts; should you buy, sell or hold?

    HDFC Bank share price slipped on Monday, mirroring the weak market sentiment, despite the strong quarterly results posted by the lender. HDFC Bank stock price fell as much as 3.9% during the day to hit a low of Rs 1,372 apiece, before recovering some losses. The largest private bank in the country posted strong business growth in the January-March quarter with net profit growing 18% on-year basis. But, analysts were positively surprised as the bank decided to make additional provisions during the quarter making it well-positioned to survive another wave of the coronavirus.

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    13:24 (IST)19 Apr 2021
    Sensex, Nifty trim losses

    Nifty regained 14,300 while the Sensex was now down 950 points. Benchmark indices were recouping some losses but Dr Reddy's, Infosys, and HCL Tech remained the only gainers on Sensex.

    13:13 (IST)19 Apr 2021
    Jetmall Spices and Masala Limited becomes 337th Company to get listed on BSE SME Platform

    Jetmall Spices and Masala Limited has become the 337th company to get listed on the BSE SME Platform today. Jetmall Spices and Masala Limited came out with an initial public offering (IPO) of 24.90 lakh equity shares of Rs 10 each for cash at a price of Rs 20 per equity share, Aggregating to Rs 4.98 Crore. The company has successfully completed its public issue on April 07, 2021. Jetmall Spices and Masala Limited is a Chennai based company whose registered office is at Tamilnadu, Chennai. The company engaged in the business of trading and supplying of spices, masala and dry fruits

    13:06 (IST)19 Apr 2021
    Top Sensex performers extend gains

    Dr Reddy's, Infosys, and HCL Technologies are top index gainers at this hour. After surging from the lows, the three gainers have continued to inch higher while market sentiment remains negative. 

    13:01 (IST)19 Apr 2021
    Investors’ wealth tumbles over Rs 3.70 lakh cr as markets crack

    Investors’ wealth in morning trade on Monday tumbled over Rs 3.70 lakh crore as markets went into a tailspin amid record surge in coronavirus cases in India. The 30-share BSE benchmark index tanked 1,469.32 points to 47,362.71 in early trade.

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    12:53 (IST)19 Apr 2021
    Aviation stocks tank

    Aviation stocks tank as the second wave of coronavirus vaccine wreaks havoc across the country. Spicejet shares were down 6.84% while Interglobe Aviation fell 4.1%. 

    12:50 (IST)19 Apr 2021
    Jubilant Pharmove up 7%

    The share price of Jubilant Pharmova surged 7% on Monday while the market momentum was weak. The up-move came after Jubilant Pharma, a subsidiary of Jubilant Pharmova, announced the development of a novel oral formulation of Remdesivir with successful completion of safety and pharmacokinetic/absorption studies in animals and healthy human volunteers.

    12:39 (IST)19 Apr 2021
    Bank Nifty extends losses

    The Bank Nifty index extended losses on Monday, falling 4.26% during the day. Earlier the index had trimmed its losses. Nifty PSU Bank and Nifty Private Bank index were also in the red.

    12:23 (IST)19 Apr 2021
    HCL Technologies turns positive

    HCL Technologies share price surged to trade flat with a positive bias on Monday. HCL Tech today announced it has signed a multi-million dollar digital transformation and hybrid cloud contract with UD Trucks, a leading Japanese commercial vehicle solutions provider. "HCL will deliver end-to-end IT transformation spanning across digital platforms, agile digital application development, migration, support and maintenance and digital workplace services. With this new partnership, HCL will further accelerate UD Trucks’ digital transformation journey," they said.

    12:21 (IST)19 Apr 2021
    Sensex, Nifty still in red

    Sensex is down more than 1,100 points at this hour while the Nifty 50 index is still below 14,300.

    12:03 (IST)19 Apr 2021
    India VIX scales higher

    India VIX, the volatility gauge, had slipped from its highs earlier in the day but has now regained the highs and sits at 22.55 levels after jumping over 10%.

    11:47 (IST)19 Apr 2021
    Macrotech Developers update

    "Macrotech developers limited (Lodha Developers) listed at discount to issue price of Rs 486 per share, Lodha developers IPO settles at Rs 439 which is 10% discount to its issue price and then touched the lows of Rs 421 during the trading day. Currently the stock is trading at Rs 464, we suggest retail investors who got the allotment of the IPO to exit at the current market price and not purchase additional stocks. We see some concerns around the company, such as high debt and not being able to generate free cash flow and now in the fear of 2nd covid wave real estate sector may underperform the market," said Yash Gupta Equity Research Associate, Angel Broking.

    11:28 (IST)19 Apr 2021
    Bank Nifty: Sectoral churning expected to trigger buying in banking

    "As technology stocks witnessed profit booking post quarterly numbers of TCS and Infosys, sectoral rotation helped beaten down segment. Banking stocks witnessed some short covering to recover from the lows near 30500. In the last two sessions, fresh long OI build-up was observed as it closed near its sizeable Call base of 32000. We feel the Bank Nifty should see some pick up in pace at the current juncture and stocks like HDFC Bank, Kotak Mahindra Bank should do well from current levels. Supportive action is expected from midcap banks like Federal Bank and Bandhan Bank," said ICICI Direct in a note.

    11:21 (IST)19 Apr 2021
    Top drags

    IndusInd Bank, Axis Bank, Bajaj Auto, ICICI Bank, and State Bank of India are the worst-performing stocks on Sensex at this hour. IndusInd Bank and Axis Bank are down over 5% each.

    11:17 (IST)19 Apr 2021
    RIL's Mukesh Ambani celebrates his 64th birthday today; 5 interesting facts about Reliance chief

    Reliance Industries Ltd (RIL) Chairman Mukesh Ambani will be celebrating his 64th birthday on Monday, 19 April 2021. Mukesh Ambani is the richest Indian with a net worth is $73 billion, according to the Bloomberg Billionaire index. Amid the second COVID-19 wave, RIL is diverting oxygen produced at its refineries to supplement availability in worst-hit COVID states like Maharashtra and the trucks carrying supplies are in transit, PTI cited sources as saying. Last year in 2020, Mukesh Ambani announced an additional Rs 500 crore donation to Prime Minister Narendra Modi’s PM-CARES Fund. The business tycoon was born on April 19, 1957, in Aden, Yemen. His father Dhirubhai Ambani founded Reliance Industries in 1966 (then Reliance Commercial Corporation) as a small textile company. Mukesh Ambani has done chemical engineering from the University of Bombay and joined his family business in 1981.

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    11:05 (IST)19 Apr 2021
    Dr Reddy's and Infosys sit in green

    Dr Reddy's Laboratories and Infosys were the only two stocks to sit with gains on Monday morning among Sensex constituents. While Dr Reddy's was the top gainer, jumping 0.82%, Infosys was up 0.46%.

    11:03 (IST)19 Apr 2021
    Bank Nifty cuts losses

    The Bank Nifty index cut some of its losses but still remained deep in red. Bank Nifty was down 3.6%, recouping losses after having tanked over 4% earlier in the day.

    11:01 (IST)19 Apr 2021
    Macrotech Developers shares continue to trim losses

    Since making their debut an hour ago, shares of Macrotech Developers have been surging higher and trimming losses. However, analysts are not convinced about the company's prospects. "The company has a substantial amount of debt and contingent liabilities and the impact of covid on the business is still uncertain. Moreover, the company is hugely focused on the MMR region which is worst affected by the covid, hence we advise the investors of this IPO to exit in case of any bounceback in the share price," said Saurabh Joshi - Research Analyst from Marwadi Shares and Finance.

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