Nifty and Sensex end their nine-day winning streak, tumbling more than 0.7% for the day following poor global signals. US futures are trading slightly higher.
Brent Crude: 85.81 -0.58%
USD INR Spot: 81.9456 -0.04%
India 10Y Bond yield: 7.247 0.25%
Nifty 50 market breadth for the day;
More stats at: stocks.zerodha.com
Amongst the F&O stocks
Aditya Birla Capital was the top gainer.
Infosys was the top loser.
The Nifty IT index fell 5% after industry giants TCS and Infy reported weaker-than-expected earnings and outlook for FY24, triggering a series of downgrades.
Passenger vehicle exports from India increased by 15% in FY23, reaching a total of 6,62,891 units, with passenger car shipments growing by 10% at 4,13,787 units, and utility vehicle exports rising by 23% at 2,47,493 units, as per the latest data by industry body SIAM.
Vedanta Group signed MoUs with 20 Korean display glass companies at a South Korean government event for the creation of an electronics manufacturing hub in India.
Diesel sales in India increased 15% to 3.45 million tonnes in the first half of April as agricultural activity rose. When compared to the same period last year, petrol sales increased by nearly 2% to 1.14 million tonnes. Sales, on the other hand, declined 6.6% month on month.
India’s WPI-based inflation dropped to a 29-month low of 1.34% in March, down from 3.85% in February, per provisional data from the Commerce Ministry, attributed to lower rates in various sectors.