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Stock market opens in the red amid reports of Israeli retaliatory strikes against Iran
Stock Market
Representational image from Wallpaper Cave

Stock market opens in the red amid reports of Israeli retaliatory strikes against Iran

| @indiablooms | 19 Apr 2024, 10:13 am

Mumbai/IBNS: The Indian benchmark indices opened in the red on Friday (Apr 19) as geopolitical tensions have escalated in the Middle East after Israeli missiles reportedly hit sites in Iran in a retaliatory action.

At the opening bell, Sensex was down 627.18 points (0.87 percent) at 71,861.81, and the Nifty was down 186.10 points (0.85 percent) at 21,809.70. About 541 shares advanced, 1643 shares declined, and 103 shares remained unchanged.

Major gainers on the Nifty were ONGC, Apollo Hospitals, Cipla, M&M, while BPCL, HDFC Life, Bajaj Auto, Axis Bank and Nestle were among the major losers.

India's domestic equity indices ended their fourth consecutive session in the red on Thursday (Apr 18), with Nifty dropping below the 22,000 mark.

The Sensex dropped by 454.69 points to close at 72,488.99, while the Nifty 50 index fell by 152.05 points (0.69 percent) to settle at 21,995.85.

Seven top stocks to buy or sell today (Apr 19) as recommended by market experts:

1. Astra Microwave Products: Buy at ₹695, target ₹733, stop loss ₹975.
2. KSB: Buy at ₹4507.75, target ₹4747, stop loss ₹4399.
3. Kalpataru Projects: Buy at ₹1177, target ₹1220, stop loss ₹1150.
4. Eveready Industries: Buy at ₹353, target ₹370, stop loss ₹345.
5. Century Textiles: Buy at ₹1806, target ₹1895, stop loss ₹1760.
6. Bharti Airtel: Buy at ₹1265 to ₹1266, target ₹1305, stop loss ₹1245.
7. Jio Financial Services: Buy at ₹377 to ₹378, target ₹388, stop loss ₹373.

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