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- Senior Congress Leader Maridu Krishna Files Nomination as MLA Candidate in Nuzividu Constituency
- TN: Five district collectors questioned by ED in illegal sand mining case
- Patsamatla Dharmaraju files 4th set of nomination papers as Jana Sena candidate for Ungutur Assembly Constituency
- Cong accepted country's division on basis of religion: PM Modi
- TN Police targeting me in Rs 4 cr cash seizure case, says BJP leader Nainar Nagendran
- Former Zimbabwe cricketer Guy Whittall injured by leopard
- Fatal Fire Erupts In Hotel Near Patna Junction, Claims Six Lives
- Congress Challenges PM Modi's Allegations: Calls Out "Falsehoods" Amidst Electoral Rhetoric
- CPI(M) leader seeks Calcutta HC’s attention over Bengal CM's anti-judiciary comments
- Aparna Yadav Challenges Akhilesh Yadav's Candidacy In Kannauj: No Longer A Smooth Ride For Samajwadi Party
Indices end the day in Green; Sensex gains 28 points & Nifty closed at 14,618
Markets stage smart rebound after initial hiatus
Domestic equity markets witnessed a see-saw traded and closed with a modest gain on Friday, April 16, 2021.
Domestic equity markets witnessed a see-saw traded and closed with a modest gain on Friday, April 16, 2021. The domestic stocks rose amid the gains in global equity markets as investors sentiment boosted after the many big companies worldwide posted a good profit for the quarter ended last month.
The Sensex added 28.35 points, or 0.06 per cent, to finish at 48,832.03. The Nifty 50 climbed 36.40 points, or 0.25 per cent, to settle at 14,617.85. However, the Nifty Bank index fell 135.40 points, or 0.42 per cent, to close at 31,977.45.
In the broader markets, the S&P BSE MidCap closed 1.71 per cent higher and the SmallCap indices closed 1.05 per cent up.
On the BSE, 1,648 shares rose and 1,253 shares fell. On the Nifty 50 index, 32 shares advanced and 18 shares declined. The top five gainers on Nifty 50 were Wipro (up 9 per cent), Hindalco (up 4.16 per cent), Cipla (up 2.83 per cent), Asian Paints (up 2.56 per cent) and UltraTech Cement (up 2.52 per cent). The top five losers were JSW Steel (down 1.85 per cent), ICICI Bank (down 1.76 per cent), Bajaj Finance (down 1.32 per cent), L&T (down 1.25 per cent) and Tata Steel (down 1.22 per cent).
COVID-19 Update
Total COVID-19 confirmed cases worldwide were at 13,91,09,041 with 29,86,608 deaths. India reported 15,69,743 active cases of COVID-19 infection and 1,74,308 deaths while 1,25,47,866 patients have been discharged, data showed.
India's Merchandise Exports
India's merchandise exports rose 60.3 per cent at $34.50 billion in March compared to the same month last year while imports jumped 54 per cent to $48.40 billion, Ministry of Commerce & Industry data showed. During FY21, India's overall merchandise and services exports dipped 6.6 per cent to $493.20 billion over the same period last year.
Overall imports in April-March 2020-21 declined 16.5 per cent to $505.90 billion.
Surge in China's GDP
China's GDP surged 18.3 per cent in the first three months of the year from a year ago, the country's National Bureau of Statistics said on Friday. The surge in growth comes off a contraction in the first quarter of last year when the economy shrank by 6.8 per cent during the height of the domestic outbreak of Covid-19. China's retail sales jumped 34.2 per cent and industrial production rose 14.1 per cent in March. The rebound has been led by strong industrial output and robust exports.
US Retail Sales & Unemployment Insurance Filings
US retail sales surged 9.8 per cent in March as additional stimulus sent consumer spending soaring, the Commerce Department reported on Thursday. A separate report on Thursday showed that first-time filings for unemployment insurance dropped to the lowest level since March 2020. The US Labour Department reported 5,76,000 new jobless claims for the week ended April 10.
