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Home > Stock Market Updates > Market Savera - 24/04/24
Podcast: Stock Market Updates
Episode:

Market Savera - 24/04/24
Category: Business
Duration: 00:02:23
Publish Date: 2024-04-24 03:11:46
Description: US stocks recorded gains across the board on Tuesda. Tesla rose as much as 8% in after-hours trading after the company said its future vehicle lineup would include more affordable models. Easing concerns about the risk of a major re-escalation of tension in the Middle East and a focus on company earnings brought renewed risk appetite from investors. Germany returned to growth in early April after months of contraction, while activity in the broader euro zone expanded at its fastest clip in nearly a year. The U.S. economy lost momentum in April as businesses reported a decline in new orders and reduced employment for the first time since the pandemic. The flash U.S. manufacturing purchasing managers index slipped to a four-month low of 49.9 in April from 51.9 in March. The S&P flash U.S. services PMI fell to a five-month low of 50.9 this month from 51.7 in March. Nikkei led gains in Asia as markets in the region rose across the board, following Wall Street's sustained rally for a second straight day. Mastek wins a new deal from Yanbu Cement Company After reporting losses in the last two quarters, MCX earned a net profit of Rs 87.8 crore during the January-March quarter of FY24. LTIM could report revenue growth of 3% YoY to Rs 8,950 crore in Rupee terms. Nifty rose for the third session on the trot on April 23, to close at 22368, with a minor gain. Unfilled Gap between 22503 and 22427 is expected to remain a resistance zone for the Nifty in the near term. Support for the Nifty is now shifted up to 22212. Indian markets could open higher, in line with higher Asian markets today and positive US markets on Apr 23.
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