4.3-magnitude earthquake, second within 3 hours, strikes Ladakh's Leh,Thailand plans to elevate schools’ safety after fatal shooting, Philippine facing risk of waterborne diseases after floods, NASA invited ISRO to join its Moon Base program, Sports Ministry suspends TTFI’s recognition till restoration of its governance structure,

Sensex gains 170 points, Nifty closes above 17800 points, auto, realty, capital goods shine

The Indian equity indices opened lower on Wednesday, following weakness in global markets after U.S. consumer confidence fell to a nine-month low of 101.3 in April, according to recent reports.
At close, the Sensex was up 169.87 points or 0.28 percent at 60,300.58, and the Nifty was up 44.35 points or 0.25 percent at 17,813.60, according to estimates.
 Stocks and Sectors
Top gainers on the Nifty included Power Grid Corporation, Nestle India, Tata Consumer Products, IndusInd Bank and L&T, while losers were Hindalco Industries, Adani Ports, Bajaj Auto, Bajaj Finserv and NTPC.Metal index is down 0.5 percent, while realty, capital goods, auto, power, FMCG, PSU Bank, and information technology indices are up 0.4-1 percent,according to reliable sources.
The BSE midcap index added 0.27 percent and smallcap index gained 0.34 percent.
On global front,oil prices rose in early Asian trade on Wednesday after a U.S. trade group reported a significant draw in crude oil stocks ahead of the government's data release.
U.S. crude oil stocks fell by about 6.1 million barrels in the week ended April 21, according to market sources citing American Petroleum Institute figures on Tuesday. Analysts had expected crude inventories to fall by about 1.5 million barrels, according to sources.
Amid weak global cues,the Indian rupee has given an upward breakout after Tuesday’s lacklustre trade as month-end rebalancing and stop-loss orders trigger.On 26th April'23, the rupee close at 81.7650 per dollar against previous close of 81.9125.  The currency rose up to 81.6950 during the day, its strongest level since March 6, according to recent reports.
 Experts take:
Market experts have recommended 4 buy or sell stocks for Wednesday's trading session-RIL,ICICI Bank, Bharti Airtel and Mahanagar Gas.
 
(Writer is a Finance Research Analyst, based in Gandhinagar, Gujarat)

Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Related Items

  1. Bangladeshis abduct Indian tea grower after BSF arrests intruder

    Full Story

  1. DigiLocker, AAERI to fast-track document verification for Indian students heading to Australia

    Full Story

  1. Harshita, the1st Indian woman to feature at Tour de France Femmes

    Full Story

My Cartoon


image1


Photos

Food & Lifestyle

From classroom to competition: Building the next generation of Chefs

 The food industry is constantly evolving. New ingredients, techniques, presentation styles, and global influences continue to reshape the way food is prepared and served.

Read More

Crime

8,200 held in China in crackdown against criminal gangs

Chinese police have dismantled more than 1,000 criminal gangs and arrested over 8,200 suspects in a nationwide operation.

Read More

Opinion

India's Ethanol Story: From Sugarcane to Energy Security

India's Ethanol Blended Petrol programme has a history going back more than two decades.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.