The benchmark Sensex and Nifty are expected to open on a negative note on April 19, with trends in the GIFT Nifty indicating a weak start for the broader market. The GIFT Nifty is showing a loss of 119.50 points, pointing towards a challenging day ahead for investors.
In a highly volatile session on April 18, Indian equity indices struggled to maintain their opening gains and closed lower for the fourth consecutive day, with the Nifty slipping below the 22,000 mark. The Sensex ended down 454.69 points at 72,488.99, while the Nifty was down 152.05 points at 21,995.85.
The pivot point calculator suggests that the Nifty 50 may find immediate support at the 21,955 level, followed by 21,869 and 21,730 levels. On the upside, the index could face resistance at the 22,234 level, followed by 22,320 and 22,459 levels.
Investors are advised to stay tuned to Moneycontrol for updates on the currency and equity markets throughout the day. Important headlines from various news platforms that could impact both Indian and international markets will be provided.
In other news, US markets experienced fluctuations on Thursday, with all three major indices wavering throughout the session. Benchmark Treasury yields rose, and gold gained strength amid ongoing turmoil in the Middle East. Asian markets were also trading lower on Friday, following Wall Street’s losses.
Additionally, Bajaj Auto reported a strong Q4 profit, beating estimates and declaring a dividend. Infosys also exceeded expectations with its Q4 net profit and announced a dividend. Wipro is set to announce its Q4 earnings today, with expectations of a marginal fall in revenue and a slight rise in net profit.
Furthermore, the NSE will launch derivatives on the Nifty Next 50 index later this month, following approval from SEBI. Oil prices slipped on Friday as US jobs data pointed to higher interest rates, while tensions in the Middle East eased.
Foreign institutional investors (FIIs) were net sellers of shares worth Rs 4,260.33 crore on April 18, while domestic institutional investors (DIIs) bought Rs 2,285.52 crore worth of stocks. Exide Industries has been added to the F&O ban list for April 19 on the NSE.
With inputs from Reuters and other agencies, investors are advised to stay informed and cautious in the current market environment.
