Synopsis : In this article, we delve into the latest updates on the stock market, highlighting the significant surge in both the Sensex and Nifty indices. With all sectoral indices showing positive growth, the broader market reflects a prevailing sense of optimism. However, readers are reminded to exercise caution and seek professional advice before making any investment decisions.
Sensex Today Live Updates: According to provisional data from the NSE, Foreign institutional investors (FIIs) net bought shares worth INR129.39 crore, while domestic institutional investors (DIIs) sold INR52.50 crore worth of stocks on April 19.
Sensex Today Live Updates: Asian stocks advanced, shifting focus from Middle East tensions to company earnings and economic data, providing insight into the direction of central bank policy.
Hong Kong's benchmark outperformed, gaining more than 2%, while across the region, market indices recouped some of last week’s losses, finding comfort in the absence of further escalation from Iran after Israel’s retaliatory strike.
Mainland Chinese shares opened mixed, with the country’s lenders maintaining steady loan prime rates. Following Nvidia's 10% tumble, the most in four years, most Asian chip stocks slumped. Contracts for US equities edged higher after the Nasdaq 100 Index ended Friday with a 2.1% loss.
The dollar weakened, and the yield on 10-year US Treasury yields rose slightly as haven demand eased. Investors globally are adjusting their positions after stronger-than-expected US data prompted the Federal Reserve to reconsider the timing of its first interest rate cut.
This week, US growth and the Fed’s preferred measure of inflation will provide insight into the timing of any rate cuts. Additionally, investors must contend with a substantial slate of Treasuries auctions.
According to Bloomberg Intelligence, profits for the seven largest growth companies in the S&P 500, including Apple Inc., Microsoft Corp., Alphabet Inc., Amazon.com Inc., Nvidia, Meta Platforms Inc., and Tesla Inc., are expected to surge by 38% in the first quarter. Excluding these companies, the rest of the benchmark index’s profits are anticipated to shrink by 3.9%.
Meanwhile, RBC Capital Markets suggests that the limited Israeli strike on Iran and the restrained response from Iranian leadership may present an opportunity for the conflict between the long-standing adversaries to de-escalate, at least for now.
Oil prices declined following their first consecutive weekly drop this year as traders assessed potential next steps from Iran and Israel. Meanwhile, gold prices slipped.
Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be construed as financial advice. Readers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
