Market snaps 4-day losing streak, financial majors lead recovery

By Priyanka Deshpande CNBC-TV18.com Published April 19, 2024

[{"selector":"#anim-2c9eb005-eed4-41da-a79e-f1e98853c0b3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f9f157ec-ad6b-4460-88c1-fe18eec2747b","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 183.40542%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Market stages smart recovery amid geopolitical tensions, snaps 4-day losing streak

[{"selector":"#anim-4a48a3b9-ed57-43fe-b615-fcec8698ef09","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eafe461d-4e5f-44ba-9fad-952b085c6f30","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 183.40542%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Financial majors HDFC Bank & ICICI Bank lead recovery, lift Nifty by 85 points

[{"selector":"#anim-621a2e7b-1a93-4c73-a555-45bc7de89461","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ef663d50-d242-4448-bffc-3c24d06c04c3","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 183.40542%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Nifty & Sensex gain nearly 2% from lows to end the session almost 1% higher

[{"selector":"#anim-8dccc0ae-ba58-4ca9-9363-c1abb336a0fb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6041f455-49b5-458f-a89a-f90682b34774","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 183.40542%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Sensex rises 600 points to 73,088 & Nifty 151 points to 22,147

[{"selector":"#anim-757e05ee-1e2f-4bef-a3b9-43822b479b3b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-297b9c79-26e8-41b0-9b73-6108b2d77a78","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 195.09372%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Nifty Bank too gains over 2% (1,000 points) from lows, ends 1% in the green

[{"selector":"#anim-22e00bce-3a7d-4220-91e3-984d57084b04","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-61147d3f-ed37-4495-8017-239fcc19c47e","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 183.40542%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Nifty Bank gains 505 points to 47,574 while Midcap Index slips 299 points to 48,697

[{"selector":"#anim-06c6b903-adae-432c-b89f-68940b3f19fb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6cca5efa-94d1-4a1e-8100-09b0ad509342","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 188.60023%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] HDFC Bank sees buying ahead of its quarterly numbers, surges 4% from lows

[{"selector":"#anim-96ee4f8e-fb05-468e-a46a-4eb437a78df4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4241b69e-2bc5-463b-ac9e-bb6ce9a9a3a5","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 167.82107%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Bajaj Auto sees profit booking after a strong Q4, closes 3% lower

[{"selector":"#anim-f7d22606-8c2f-4f16-8b41-3c03351f0a1d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cb4ede5b-4b4b-45a5-a7f0-31fad4359884","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 183.40542%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 4-wheeler auto names especially Maruti & M&M surge, up 2-3%

[{"selector":"#anim-bf859c33-bd4e-49e8-826c-9802405e2fb0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e9d39c3d-44cb-45ee-9c15-a06101f5f96b","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 183.40542%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Infosys ends with minor cuts despite a weak Q4, closes 2% off lows

[{"selector":"#anim-614a1e13-204b-46c3-93c9-36013d836da6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ac1ef13d-ae91-460a-8bea-b7fa1554b132","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 174.31456%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tata Communication slides 5% on weak commentary, ends at a 2-month low

[{"selector":"#anim-df678e79-5333-47e0-9b2c-f4c6f4d5cb15","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-465f35fc-ec27-4d35-a5f5-7d9715cc5b01","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 162.96301%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Life insurance stocks react to monthly update, Max Financial rises while ICICI Prudential slips

[{"selector":"#anim-a5100f80-5e6a-4608-ad72-711852c3a6e5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5dd60ac-f1fd-4d2a-8360-08ab64834f72","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 238.44457%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] HAL moves 2% higher on reports of an order win

[{"selector":"#anim-686bf0c5-2987-4a2e-a504-6f5826d256bf","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Thanks For Reading! One of the world’s top zinc miners sees profit drop by a fifth Read More