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Business News/ Markets / Live Blog/  Market Close Highlights: Sensex ends down 450pts, Nifty at 21,995; Major sectoral indices red, broader markets end mixed
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Market Close Highlights: Sensex ends down 450pts, Nifty at 21,995; Major sectoral indices red, broader markets end mixed

30 min read . Updated: 18 Apr 2024, 03:47 PM IST
Pranay Prakash

Market Close Highlights : Foreign institutional investors (FIIs) net sold shares worth ₹4,468.09 crore, while domestic institutional investors (DIIs) purchased ₹2,040.38 crore worth of stocks on April 16, provisional data from the NSE showed.

Market Close Highlights : Infosys, Bajaj Auto, HDFC Life Insurance Company, ICICI Securities, Mastek, Network18 Media & Investments, TV18 Broadcast, Eimco Elecon (India), Gujarat Hotels, Accelya Solutions India, Oriental Hotels, Reliance Industrial Infrastructure, Surana Solar, and Swaraj Engines, are the companies reporting Q4FY24 results on April 18. (Photo: Mint)Premium
Market Close Highlights : Infosys, Bajaj Auto, HDFC Life Insurance Company, ICICI Securities, Mastek, Network18 Media & Investments, TV18 Broadcast, Eimco Elecon (India), Gujarat Hotels, Accelya Solutions India, Oriental Hotels, Reliance Industrial Infrastructure, Surana Solar, and Swaraj Engines, are the companies reporting Q4FY24 results on April 18. (Photo: Mint)

Market Close Highlights : Stocks advanced and Treasuries edged higher as global markets steadied after the turbulence earlier in the week. Asian currencies rallied as authorities pushed back against a stronger dollar.

Europe’s Stoxx 600 index climbed 0.3% while US futures pointed to the S&P 500’s first gains in five days at the Wall Street open. Taiwan Semiconductor Manufacturing Co. reported its first profit rise in a year, after strong AI demand revived growth at the world’s biggest contract chipmaker. An index of the dollar fell for a second day and yields on 10-year Treasuries dipped 2 basis points to 4.57%.

While investors are unwinding some of the declines seen so far in April, the case for higher US yields and a stronger dollar remains after robust US economic data and sticky inflation forced traders to cool their bets on interest rate cuts by the Federal Reserve.

Attention Thursday will turn to earnings from companies including Netflix Inc, Blackstone Inc. and L’Oreal SA as well as initial US jobless data and speakers from a raft of central banks.

In Asia, all major regional stock markets including China, Japan, Australia and South Korea rose. A global stocks gauge ticked higher, on track for its first advance in a week.

The won led the climb in regional currencies, while the yen was steady following a joint statement from US Treasury Secretary Janet Yellen alongside the finance ministers of Japan and South Korea that noted “serious concerns" about the depreciation of the two Asian currencies. A global gauge of emerging-market currencies gained for a second day, suggesting some stability after hitting a 2024 low earlier this week.

Elsewhere, oil held onto most of Wednesday’s 3% decline, weighed by weaker Chinese industrial data and a swelling in US crude inventories, while gold edged higher.

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