Triveni Turbine and Radico Khaitan Lead Gains in Indian Stock Market on April 20
Top Gainers & Losers on April 20: Triveni Turbine, Radico Khaitan, Ather Energy, JSW Cement, Trent among top gainers
Mint
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On April 20, 2023, the Indian stock market remained largely unchanged, with the Nifty 50 closing at 24,831 and the S&P BSE Sensex at 78,603. Triveni Turbine was the top gainer, surging 9.5% to βΉ564.5 amid geopolitical tensions affecting market sentiment.
- 01Nifty 50 and S&P BSE Sensex closed flat amid geopolitical tensions.
- 02Triveni Turbine was the top gainer, rising 9.5%.
- 03Broader markets, including Nifty Midcap 100 and Nifty Smallcap 100, closed in the red.
- 04Crude oil prices rebounded due to rising tensions between the US and Iran.
- 05Banking stocks HDFC Bank and ICICI Bank remained flat after Q4 results.
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The Indian stock market experienced minimal movement on April 20, 2023, with the Nifty 50 closing at 24,831 and the S&P BSE Sensex at 78,603. This consolidation followed three weeks of gains as traders monitored escalating geopolitical tensions in West Asia, particularly after the United States seized an Iranian cargo ship. Triveni Turbine emerged as the standout performer, surging 9.5% to βΉ564.5 per share. Other notable gainers included Radico Khaitan and Ather Energy, which rebounded 4.5% to βΉ889 after a three-day decline. The broader market indices, however, faced declines, with the Nifty Midcap 100 falling 0.18% and the Nifty Smallcap 100 dropping 0.45%. The geopolitical landscape remains tense, with a ceasefire between the US and Iran set to expire soon, impacting crude oil prices and market sentiment.
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The fluctuations in the stock market may affect investor confidence and trading strategies, particularly in sectors sensitive to geopolitical events.
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