April 20: How will the stock market be today, these stocks will be watched

Most markets in Asia are in red mark.

On April 19, the Corona cases had a major impact on the Indian stock market. The benchmark indices BSE Sensex and NSE Nifty closed down around 1.8% amidst considerable volatility. The Sensex has come down to 48,000 while the Nifty has come down to 14,400.

Amid growing Corona cases, investing in stocks with strong fundamentals can be a good option. Investors will also be watching the fourth quarter results.

What is happening in foreign markets?

Most markets in Asia are in red mark. Market is in red mark in Japan, Thailand, Hong Kong, China and Taiwan. The South Korean market is booming.

The US’s S&P 500 and the Dow Jones Industrial Average (DJIA) index lost nearly 0.45% in the last trade.

The SGX Nifty of Singapore, which gave the initial signal for the Indian market, is trading at 14,387.00, staying flat at 7:20 am.

Keep these things in mind in the market too-

Foreign institutional investors (FIIs) sold 1633 crore shares in the market on 19 April. 2355 crores of shares were purchased by domestic institutional investors (DII).

According to Moneycontrol, there are 14,239.83 and 14,120.17 support levels for the Nifty on April 20, due to which the index may break after going down. Similarly, 14,430.73 and 14,501.97 are resistance levels, due to which the Nifty can get a jump by reaching the top.

On April 19, Oriental Smaller Companies Trust purchased about 2 lakh shares of Solara Active Pharma at a rate of Rs 1462.25 per share in a bulk deal. In contrast, BNP Paribas sold more than 5 lakh shares of the company at the rate of Rs 1463 per share.

These stocks will be watched

ACC: The company’s revenue increased by 22.57% to Rs 4291 crore as compared to the same quarter last year. Net profit likewise stood at 562 crores after a jump of 74.17%.

ICICI Bank Prudential Life Insurance: The company’s net profit fell to 960 crore in March quarter from 1081 crore in the same period last year. Net income has also fallen by about 64% to 63 crores.

Tech Mahindra: Board approves purchase of 100% stake in Digital’On’S for $ 120 million by subsidiary Tech Mahindra (US) inc.

Adani Ports: The board approved giving 1 crore shares on a preferential basis to Windy Lake Side Investment at a rate of Rs 800 per share.

ICICI Bank: The company’s board will meet on April 24 to consider raising money through debt.

Announcement of quarterly results:

Nestle, Swaraj Engine, 5 Paisa Capital, Network 18 Media, Tata Steel Long Products, Welspun Investments will announce their January-March quarterly results.