Closing Bell: Sensex declines 460 points, Nifty holds 17,100 mark
Closing Bell: Sensex declines 460 points, Nifty holds 17,100 mark

Closing Bell: Sensex declines 460 points, Nifty holds 17,100 mark

On Friday, the key indices gave up early gains and closed the choppy trading session with losses

DSIJ Intelligence Article rating: 5.0

On Friday, the key indices gave up early gains and closed the choppy trading session with losses. After hitting the day's high of 17,377.65 in the morning trade, Nifty finished just above the 17,100 mark. On NSE, all sectoral indices closed in the negative territory, with media and oil & gas stocks losing the most. The stock of Shriram Transport Finance Business climbed 4.9 per cent to Rs 1,199.65 after the company reported a 43.87 per cent increase in standalone net profit. On Friday, the European markets rose across the board as good corporate profits boosted global stocks.  

Indices end near day's low; all sectors close in red
Indices end near day's low; all sectors close in red

Indices end near day's low; all sectors close in red

HDFC Life, Tata Consumer Products, Kotak Mahindra Bank, and HDFC Bank emerged as the top gainers

DSIJ Intelligence Article rating: 5.0

 Indices witnessed a sharp sell-off in the last one hour of the session. Nifty fell from the level of 17,370 to 17,100 during this period and ultimately, closed lower by 0.863 per cent.

Chennai Super Stock: Chennai Petro Corp hits 10 per cent upper circuit
Chennai Super Stock: Chennai Petro Corp hits 10 per cent upper circuit

Chennai Super Stock: Chennai Petro Corp hits 10 per cent upper circuit

The company is one of the leading gainers in the A group.

DSIJ Intelligence Article rating: 5.0

Chennai Petroleum Corp Ltd, engaged in refining and oil marketing business, has jumped by 10 per cent from its previous close of Rs 253.85, thereby hitting the upper circuit. The stock opened at Rs 267 and the trading has been halted at Rs 279.20 which is also its fresh 52-week high.

Technical view: HDFC Life
Technical view: HDFC Life

Technical view: HDFC Life

Recently, the company declared better-than-expected quarterly numbers. HDFC Life aims for robust growth and expects strong performance in the coming quarters.

DSIJ Intelligence Article rating: 4.4

The stock of HDFC Life Insurance Company Ltd is gaining momentum and surged over 3.5 per cent during Friday’s trading session.

Stocks below Rs 100: Only buyers seen in these scrips on April 29
Stocks below Rs 100: Only buyers seen in these scrips on April 29

Stocks below Rs 100: Only buyers seen in these scrips on April 29

Nasdaq index, which is tech-heavy rose up to 3 per cent on Thursday due to positive earnings updates from major tech companies like Amazon and Apple.The crude oil price is up and is trading at $106.7 per barrel while the US Bond yields are lower at 2.85 per cent.

DSIJ Intelligence Article rating: 4.6

At noon on Friday, the core equity indices i.e., Sensex and Nifty 50 were trading marginally on the higher side.  Nasdaq index, which is tech-heavy rose up to 3 per cent on Thursday due to positive earnings updates from major tech companies like Amazon and Apple.  

Stock scanner: Stocks close to their previous month's high
Stock scanner: Stocks close to their previous month's high

Stock scanner: Stocks close to their previous month's high

The stocks, which are trading around 1-2 per cent of their previous month’s high, are likely to trend stronger in the short to medium term.  

DSIJ Intelligence Article rating: 3.5

Keep a watch on these stocks as well as on their volumes for potential breakout and consider hopping in for decent profits!  

What should investors do if their mutual fund makes cash calls?
What should investors do if their mutual fund makes cash calls?

What should investors do if their mutual fund makes cash calls?

Cash calls by MF can be beneficial in the current market conditions, but they can also be risky. Continue reading to learn what investors should do if their mutual funds are sitting on cash.

DSIJ Intelligence Article rating: 3.7

Cash calls by MF can be beneficial in the current market conditions, but they can also be risky. Continue reading to learn what investors should do if their mutual funds are sitting on cash.

Watch out for these penny stocks locked in the upper circuit on April 29
Watch out for these penny stocks locked in the upper circuit on April 29

Watch out for these penny stocks locked in the upper circuit on April 29

Firms releasing results today include Tata Chemicals, SBI Cards, Shriram City Union Finance, Gillette India, L&T Finance Holdings, Solara Active Pharma Sciences, Sonata Software, Star Health & Allied Insurance Company, and Supreme Industries.

DSIJ Intelligence Article rating: 4.6

Varroc Engineering Ltd (VEL) hits a 20 per cent upper circuit limit of Rs 494.60 after announcing that it will sell its four-wheeler lighting system operations in the Americas and Europe to Compagnie Plastic Omnium SE of France for 600 million euros. Jindal Poly Films (JPFL) rose 3.23 per cent to Rs 1,155 after the business said that Jindal Polypack, a wholly-owned subsidiary, has entered into a deal to acquire 100 per cent of SMI Coated Products' shares.

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