Apr 13, 2021 4:01 PM

Apr 13, 2021 4:01 PM

Here are key stocks that moved the most on April 13

The Sensex ended 661 points higher at 48,544 while the Nifty rose 194 points to settle at 14,505. Get latest Market online at cnbctv18.com

Apr 13, 2021 3:43 PM

Market At Close

- Govt’s Decision To Give EUA Nod To Global COVID Vaccines, Lifts Market

- Sensex & Nifty Regain 40% & Nifty Bank 60% Of Yesterday's Losses

- Midcap Index Surges Nearly 2%; Mkt Breadth In Favour Of Advances

- Today's Move Helps Nifty Bank Turn Positive For The year Again

- All Nifty Bank Constituents In The Green; ICICI & HDFC Bank Top Gainers

- Sensex Rises 661 Points To 48,544 & Nifty 194 Points To 14,505

- Nifty Bank Gains 980 Points To 31,772 & Midcap Index 403 Points To 23,517

- IT Stocks See Profit Booking After TCS' In-line Q4 Earnings

- 37 Nifty Stocks Close Higher; M&M, Bajaj Finserv, TaMo, Bajaj Fin Top Gainers

- Pfizer Moves Higher After Govt's Decision To Give EUA To Global COVID Vaccines

- Dr Reddy's Fails To Maintain The Gain Seen After EUA Nod To Sputnik V

- Adani Ports Slips On Removal From S&P Dow Jones Sustainability Index

- Tata Motors Surges Over 5% On JLR's +ve Free Cash Flow In Q4

- Moody's Changing Motherson's Outlook To Stable Helps Stock Gain 5%

Apr 13, 2021 3:38 PM

Closing Bell | Indian equity market ended higher Tuesday led by strong gains in banks, auto and metal stocks. The Sensex rallied 660.68 points, or 1.38 percent to end at 48,544.06, while the Nifty closed 194.00 points, or 1.36 percent higher at 14,504.80. Broader markets supported the rally, with the midcap and smallcap indices ending over 1 percent higher each.

Barring IT and pharma, all other sectoral indices ended in the green with Nifty PSU Bank and Nifty Auto gaining over 4 percent each. On the Nifty50, M&M, Bajaj Finserv, Tata Motors, Bajaj Finance and Maruti Suzuki were the top gainers, while Dr Reddy's Laboratories, TCS, Tech Mahindra, Wipro and HCL Technologies were the top losers.

Apr 13, 2021 3:37 PM

Apr 13, 2021 3:27 PM

Market Watch: Mehraboon J Irani, MD and CEO of Gini Gems Consultants

On Banks: I certainly believe that we are in a very long-term bull market. Ultimately, the financials will have to outperform. There will be short-term uncertainty here and there. This is a space that possibly should lead to the next surge in the market.

On Adani Ports: The story of Adani Ports is distinctly positive and going ahead well. We are having a correction right now in the stock price. It had run up a little bit too sharply. The stock on correction can provide some more room for upside and possibly a buying opportunity.

Apr 13, 2021 3:21 PM

Looking to invest in gold this Akshaya Tritiya? Here are the key things to consider

With Akshaya Tritiya just around the corner, individuals must be looking at buying or investing in gold. Get latest Commodities online at cnbctv18.com

Apr 13, 2021 3:15 PM

Ashoka Buildcon | The company has emerged as the lowest bidder for a project of Rs 333.6 crore in Gujarat.

Apr 13, 2021 3:08 PM

Carnelian Capital expects further correction in market in next 1-2 months

Vikas Khemani, Founder of Carnelian Capital Advisors discussed the fundamentals of the market. “We might see some sort of correction in the market over the next one-two months,” he said in an interview with CNBC-TV18. “Markets will remain edgy and worried,” he added. “This whole rising COVID-19 situation is somewhat worrisome. It looks like things are going to get a little difficult as far as the number of COVID-19 cases are concerned. At some point in time, the government will be forced to react. There may not be a full lockdown like last year but it could be some sort of measures partly being implemented,” he said. “Because of this the recovery on the demand side can slow down or get postponed. Also, the supply chain issues which were expected to get sorted out might not get sorted out. So the pace of recovery can get postponed by a quarter or two,” he added. Read more.

Apr 13, 2021 3:02 PM

Apr 13, 2021 2:54 PM

Acko Completes ESOP liquidity program worth $2 million

Insurtech start-up, Acko concluded its first employee stock (ESOP) liquidity program worth $2 Million yesterday. Under this liquidity program, eligible employees were given the option to liquidate their vested ESOPs. Employees who have completed three years with the company as of December 31st, 2020 were eligible to liquidate anywhere between 40 to 100 percent of their vested ESOPs, depending on their overall stock allocation. Former employees who had completed three years with the company were also eligible to participate in this program. This ESOP Liquidity Program is sponsored by Acko out of its operational capital. The company says the objective of this first liquidity event is to deliver a meaningful return to the organization’s early employees. Read here.

Apr 13, 2021 2:48 PM

Strong USD aggravated rupee decline in Q4FY21: Axis Bank

Rupee decline was partly aggravated this year in Q4 by a strong dollar, and part depreciation was cyclical, said Neeraj Gambhir, president of head treasury and markets at Axis Bank. Gambhir also said that some of the currency depreciation is cyclical. The rupee fell for the sixth straight session and settled 32 paise down at 75.05 against the US dollar on Monday amid a lackluster trend in the domestic equities ahead of the release of key macro-economic data. Moreover, rising crude oil prices, foreign fund outflows, and spiking COVID-19 cases weighed on the domestic currency. Read more.

Apr 13, 2021 2:39 PM

IRDAI allows insurers to invest in AIF, here’s what it means according to experts

Recently, the insurance regulator IRDAI allowed the insurance companies to invest in fund of funds for domestic use. This will help create a domestic pool of capital when India is currently heavily dependent on foreign funds. “It is a victory for India, the total amount of money available with long term pools like pensions and insurances roughly in India is about 67 lakhs crore as per the recent estimates," said Gopal Srinivasan, CMD, TVS Capital Funds and Board member, IVCA. He added that if 5 percent of that is invested it is about Rs 3-4 lakh crore in to Alternative Investment Fund (AIF) I and II. Watch here.

Apr 13, 2021 2:30 PM

Don't rush to buy on dips; 3-4% correction possible: Samir Arora

The markets have been volatile. After a big slip yesterday, where rising COVID concerns lead to the biggest market fall of 2021, the benchmarks are again green today (April 13).Get latest Finance…

Apr 13, 2021 2:23 PM

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