Benchmark indices retreated from day’s highs to settle marginally higher. Dow and Nasdaq futures indicate a weak start for US markets.
Brent Crude: 85.27 0.59%
USD INR Spot: 81.9105 -0.08%
India 10Y Bond yield: 7.231 0.17%
Nifty 50 market breadth for the day;
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
Godrej Properties was the top gainer.
Petronet LNG was the top loser.
News
Nifty Realty index surged more than 4% after many developers posted record provisional sales during the March quarter.
India’s gold imports fell by about 30% to USD 31.8 billion between April and February 2023 due to high customs duties and unrest in the global economy. Over the same time period, silver imports climbed by 66% to USD 5.3 billion: Ministry of Commerce and Industry
Monsoon rains in India this year are likely to be below average at 94% of the long-period average due to the impact of El Nino, which usually brings dry weather to Asia according to the forecasting agency Skymet.
Global PC shipments fell 29% to 56.9M units in Q1 2023 due to weak demand, excess inventory, and a poor economy, says IDC. Apple’s decline was the steepest at 40.5%, followed by Lenovo and Dell with over 30% declines, and HP with a 24.2% decline.
Tata Motors reached a 7-month high, up 5.5%, on the back of strong global wholesale data, which included JLR, which rose 8% year on year to 3,61,361 in the March quarter.
GAIL has announced a reduction in the prices of PNG and CNG by Rs 7 per SCM (standard cubic meter) in Bengaluru and Dakshin Kannada, and by Rs 6 per SCM in all its other geographical areas, in accordance with its new pricing mechanism.
Electric two-wheeler sales in India increased by nearly two-and-a-half fold YoY to 8,46,976 units in 2022–23, according to the Society of Manufacturers of Electric Vehicles.