The stock market today is buzzing with activity as investors keep a close eye on the Sensex, Nifty, BSE, NSE share prices, and Indian stock markets. Here are some of the key updates for April 15, 2024:
1. Buzzing Stocks: LIC, RVNL, Glenmark Pharma, Route Mobile, Varun Beverages, Patanjali Foods, DLF, HCC, ISMT, Hazoor Multi, Granules, VMS Ind, Janus Corporation are some of the stocks that are expected to see action today.
2. Commodities Market: Crude oil prices saw a marginal drop over the past week, with Brent crude oil futures on the Intercontinental Exchange (ICE) closing at $90.2 per barrel. Crude oil futures on the MCX ended the week at ₹7,153 a barrel.
3. F&O Tracker: Nifty 50 and Bank Nifty ended the week flat due to a fall on Friday. The derivatives data of both indices indicate a dip followed by a rally.
4. Currency Market: The US dollar gained bullish momentum last week, driven by the US inflation data release. The US Headline Consumer Price Index (CPI) inflation rose to 3.48% in March.
5. Stock Insights: Wipro’s revenue has seen a decline compared to other IT services companies like TCS, Infosys, and HCLTech, making it a ‘show me’ story for investors.
6. Economic Calendar: The IMF Meetings are scheduled for the day, along with key data releases like India’s WPI Inflation Rate, Euro Industrial Production, and US Retail Sales.
7. Stock Recommendation: Radico Khaitan is an interesting stock idea for investors to consider.
Overall, the stock market today is expected to be influenced by global events, including the conflict between Israel and Iran, which could impact Indian equity and bullion markets. Stay tuned for more updates throughout the day.
