Lockdown 2.0 impact: Sensex, Nifty end lower amid sharp volatility

While bank and auto stocks under selling pressure; FMCG sector seen up 4%

Closing Bell

Key stock indices ended in the red erasing early gains following weakness in heavyweights such as Kotak Bank, HeroMotoCorp, Bajaj Finance, Maruti, HDFC, HDFC Bank, Reliance and M&M. HUL provided support to the falling markets. On the BSE, Hindustan Unilever stock rose 6% to Rs 2,489.75.

Markets turned extremely volatile in the mid-session as investors have begun to assess the impact of the second phase of the lockdown till May 3.

The 30-share BSE barometer registered 878 points gain initially touching an intraday high of 31,568.36. However, fresh sell-off that ensued later, dragged the index to a low of 30,222.07. The benchmark ended at 30,379,81, down 310.21, or 1,01 per cent from its previous close of 30,690.02.

Similarly, the NSE Nifty zoomed 268 points to 9,261.20 intraday, before ending at 8,924.95, down 68.90 points from its previous close.

While fresh selling pressure was seen in automobiles, banking and financial services stocks, FMCG, Metal and IT sector stocks ended in the positive territory gaining up to 4%.

 

 

 

3.20 pm

 

3.15 pm

 

2.30 pm

 

2.15 pm

 

11.45 am

 

Sensex stocks

 

11.25 am

Rupee rises 21 paise to 76.06 against US dollar

 

The Indian rupee appreciated by 21 paise to 76.06 against the US dollar on Wednesday tracking positive opening in domestic equities.

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11.15 am

Inter-state, inter-district movement of people prohibited till May 3

Inter-state, inter-district movement of people, metros and bus services will continue to be prohibited till May 3, the Ministry of Home Affairs has said in its guidelines on the lockdown, which has been extended till May 3.

Educational institutions, coaching centres, domestic, international air travel, train services will also remain suspended.

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11 am

NIFTY BANK CHART

 

9.45 am

Broker's Call

JM FINANCIAL

 

9.40 am

Day Trading Guide for April 15, 2020

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

₹895 • HDFC Bank

S1S2R1R2COMMENT
885870908920Consider initiating fresh short positions with a stiff stop-loss only if the stock declines below ₹885 levels

₹637 • Infosys

S1S2R1R2COMMENT
626613650662Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹650 levels

 

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9.30 am

Finolex Industries (₹423.8): Buy

The stock of Finolex Industries gained 13 per cent accompanied by extraordinary volume on Monday, breaking above a key resistance at ₹411. This rally provides an opportunity to buy the stock at current levels for investors with a short-term perspective.

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9.25 am

TOP 5 STOCKS -NIFTY50

 

9.20 am

SENSEX CHART

 

9.15 am

NIFTY 50 INDEX

 

9.10 am

Asian markets fall as IMF predicts worst global recession since 1930s

 

Asian shares paused at one-month highs on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage already done even as some countries tried to re-open for business.

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9 am

Oil rises on bargain-hunting, hopes for stockpile purchases

 

Oil prices rose on Wednesday as investors looked for bargains after the previous session's slump and on hopes that consuming countries will look to fill their strategic reserves, although oversupply fears and warnings of a deep recession capped gains.

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8.57 am

FPIs rush to buy Indusind Bank shares, hike stake to 72%

 

Foreign portfolio investors (FPIs) have lapped up Indusind Bank shares even as domestic investors rushed to exit the counter during the market crash. As on April 8, FPIs raised their holding in Indusind Bank to 72.07 per cent from 55.22 per cent that they held at the end of December 2019, data from depository company NSDL showed. Majority of this 16.85 per cent hike in stake by FPIs in Indusind Bank came during February and March, when the markets were witnessing their worst fall since 2008 financial crises, brokers said.

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8.55 am

BSE StAR MF records highest-ever transactions of 11.58 lakh worth ₹1,593 cr

 

BSE StAR MF, the largest online mutual funds distributor platform, has recorded the highest-ever single-day transaction of 11.58 lakh worth ₹1,593 crore on Monday.

Interestingly, the previous highest transaction of 10.35 lakh transactions of ₹1,103 crore was registered last month.

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8.50 am

 

Over 4 lakh small investors exit shares of SBI Cards and Payments in 15 days

 

It seems retail investors are learning fast to exit from a stock, which does not move according to his/her expectations. SBI Cards & Payment Services, which hit the market during March first week saw a quick exit by retail investors within 15 days of listing.

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Published on April 15, 2020
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