Sensex & Nifty Stock Market Live Updates April 16: Indian Indices Close Higher Amid Global Weakness

Today's market performance saw a mixed global sentiment, with Indian indices showing modest gains. The Sensex and Nifty closed higher by 0.40% and 0.47%, respectively, reflecting resilience amid global market weaknesses. In contrast, Asian markets experienced declines, with significant losses in the Nikkei and Hang Seng. European markets and US futures also traded in the red, while gold and silver prices saw incremental increases. 

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Stock Market Highlights, April 16:

• Indian Market: Sensex and Nifty closed higher, with a modest gain of 0.40% and 0.47%, respectively.
• Asian Markets: Most Asian indices showed losses, with the Nikkei and Hang Seng down by 1.01% and 1.91%, respectively.
• European & US Markets: European indices and US futures are in the red, with declines ranging from 0.34% to 1.31%.
   

Indian Market Closing Cues

Sensex Closing Today: 77,044.29 (0.40%)
Nifty Closing Today: 23,437.20 (0.47%)
 

Asian Markets Performance

Nikkei: 33,920.40 (-1.01%)
Hang Seng: 21,056.98 (-1.91%) 
Shanghai Composite: 3,662.15 (0.26%) 
 

European Market Mid-Session Update

FTSE 100: 8,220.80 (-0.34%)
DAX: 21,129.88 (-0.58%)
CAC 40: 7,289.99 (-0.62%)
STOXX 50: 4,933.10 (-0.75%)
 

US Market Live Today

Dow Jones Futures Today: 40,537.00 (-0.09%)
NASDAQ Futures Today: 18,712.75 (-1.31%)
S&P 500 Futures Today: 5,392.50 (-0.66%)
*As of 15:32 IST

Gold Price Today

Gold prices in India have surged further with 22K gold at ₹8,815 per gram and 24K gold at ₹9,617 per gram. 

Silver Price Today

Silver rates today have increased marginally by ₹0.20 per gram, reaching ₹100.00 per gram.

Sensex & Nifty: Afternoon Update

Nifty 50: 23,346.90 (0.08%)
BSE Sensex: 76,760.65 (0.03%)
*As of 12:24 IST

Key Factors Impacting INR Today:

• Rupee Strengthens Against USD: INR gained 0.17% to 85.535, supported by weakness in the US Dollar and improved investor sentiment.
• Dollar Index Drops Sharply: DXY fell 0.54% to 99.62, possibly weighed down by recession concerns and soft US economic data, boosting demand for emerging market currencies.
• Mixed Moves in Cross-Currencies: INR weakened against the Euro (0.45%) and Pound (0.17%), and also fell 0.50% against the Yen, potentially reflecting pressure from global currency flows and rate differentials.
   

Currency Market Overview:

USD/INR: 85.535 (-0.17%)
Dollar Index (DXY): 99.62 (-0.54%)
EUR/INR: 97.2410 (0.45%)
GBP/INR: 113.585 (0.17%)
INR/JPY: 1.6610 (-0.50%)
*As on 11:22 AM

Stock Market Outlook Today:

• Mixed Global Sentiment: US and Asian markets closed in the red, with Hang Seng falling sharply by 2.52%. Crude oil and bond yields remained largely stable.
• Domestic Market: Nifty and Bank Nifty PCRs suggest a potential neutral to slightly bearish stance; max pain levels are at 23,300 (Nifty) and 56,000 (Bank Nifty).
• Institutional Activity: FIIs showed strong buying interest (+₹6065.8 Cr), while DIIs sold (-₹1951.6 Cr) amidst global weakness.
   

Indian Market Cues:

Gift Nifty : 23293.00 (-0.08%)
Nifty PCR: 0.8024
Nifty Max Pain: 23300
Bank Nifty PCR: 1.0373
Bank Nifty Max Pain: 56000
Nifty Previous Closing: 23,328.55 (2.19%)

Global Market Cues (US Indices):

Dow Jones: 40,368.96 (-0.38%)
Nasdaq: 16,823.17 (-0.049%)

Asian Markets: 

Nikkei: 34,057.41 (-0.61%)
Hang Seng: 20,924.83 (-2.52%)
Shanghai Composite: 3,619.22 (-0.92%)

Crude Oil Prices

61.15 (-0.29%)

Bond Yields

US 10-Year Treasury Yield: 4.331% (0.008%)

FII/DII Activity

Foreign Institutional Investors (FIIs) Net Buy/Sell: 6065.8
Domestic Institutional Investors (DIIs) Net Buy/Sell: -1951.6
*As of 09:25 IST

This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.