Market Wrap: Benchmark indices close lower with Nifty FMCG among the top losers.
Market Wrap: Benchmark indices close lower with Nifty FMCG among the top losers.
On Thursday, Benchmark indices concluded the trading day on a negative note as Sensex substantially declined by 0.62 per cent and closed at 72,488.99 level, while Nifty also plunged by 0.69 per cent and closed at 21,995.85 level.
On April 16, 2024, foreign institutional investors (FII) offloaded shares worth Rs 4,468.09 crore, while domestic institutional investors (DII) bought shares worth Rs 2,040.38 crore.
Middle East Tension Disrupt Global Equities
Global Market Watch
The primary catalyst for the market's decline was the release of the much-anticipated Consumer Price Index (CPI) data.
Gold and Oil Stay Solid Amid Escalating Geopolitical Issue
Commodity Market Watch
Oil prices continued their upward trajectory in the past fortnight, reaching their highest levels since October 2021.
Hindustan Unilever Limited
STABILITY ROCKED BY COMPETITION
Trackpad
Trackpad
Nandan Denim Ltd (NDL), founded in 1994 and part of the diversified Chiripal Group, is India's largest and the world's fourth-largest integrated denim fabric maker.
Eyes Rs 250 crore revenue by FY30: Small-cap auto company signs MoU with South Korea’s Yongin for EV components facility!
This strategic agreement, expected to generate Rs 250 crore in business over the next 5 years, marks a crucial step in advancing the production of electric vehicles (EV) and electronic components within India.
The company’s client portfolio comprises leading OEMs in the domestic market and international markets.
All That Shines is Gold & Silver
Performance of Gold, Silver and Nifty 50
From Rs 17.26 to Rs 48.50 per share in just 256 days: Heavy buying witnessed in this multibagger penny stock; Hit 52-week high today!
From Rs 17.26 to Rs 48.50 per share in just 256 days: Heavy buying witnessed in this multibagger penny stock; Hit 52-week high today!
From Rs 17.26 to Rs 48.50 per share, the stock gave multibagger returns of 181 per cent in just 256 days.
From Rs 17.26 to Rs 48.50 per share, the stock gave multibagger returns of 181 per cent in just 256 days.
NIFTY Index Chart Analysis
CAUTION SHOULD BE THE WATCHWORD
L ast week, the domestic benchmark indices closed flat on a week-on-week basis but formed a bearish pattern (shooting star) that warrants attention.
Recommendation from Hotel, Resort & Restaurants and Railways Wagons
The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.
9:5 bonus shares & stock split from Rs 10 to Rs 5 to Rs 1: Multibagger pharma distributor stock at Rs 116.55 was locked in the upper circuit on April 18
The stock gave multibagger returns of 185 per cent in just 1 year, 7,000 per cent in 3 years, and a whopping 21,400 per cent in 5 years.
The company's shares have an ROE of 71 per cent and an ROCE of 103 per cent
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