Market Update-23 April 2019

Market Update-Date 23 April 2019

·       Sensex closed at 38564 and Nifty closed at 11575 and BankNifty closed at 29479.

·       Crude Oil Traded in range US $74.35 per barrel to US $ 74.52.

·       Rupee traded in range 69.64 to 69.77.

·       US Dollar Index was at 97.35.

·       VIX was at 25.13 and Put Call Ratio was at 1.36.

News Updates:

1.NSE TO exclude 34 stocks from FNO trading.

The stocks to be excluded are: 1)Ajanta Pharma 2)Allahabad Bank 3)BEML 4)Canfin Homes 5)CEAT 6)CG Power 7)Chennai Petro 8)DCB Bank 9)Godfrey Phillips 10)Godrej Industries 11)Gujarat State Fertiliser 12)IDFC 13)IFCI 14)India Cements15) Indian Bank 16)Infibeam 17)IRB Infra 18)Jet Airways 19)Jain Irrigation 20)Kaveri Seed 21)Karnataka Bank 22)MRPL 23)NHPC 24)Oriental Bank 25) PC Jeweller 26)Repco Home 27)Reliance Power 28)South Indian Bank 29)Suzlon 30)Syndicate Bank 31)Tata Communications 31)TV18 Broadcast 32)VGuard Industries 33)Wockhardt

2)Biocon to consider issuing of bonus shares on 25^th April.

Biocon rose 1.48% to Rs 616.75 at 9:23 IST on BSE after the company said it board will consider issuing bonus shares at its meeting scheduled on 25 April 2019.

3) Analysts say crude oil prices may rise to the $80-85 range in the short term. 

Crude oil prices hit a fresh five-month high on Tuesday after the Trump administration decided not to extend the waiver that it had granted to India and seven other countries on Iranian oil imports beyond the May 2 deadline.