Share Market Highlights 19th April 2024: Sensex rallies 599 pts, Nifty settles at 22,147
Sensex, Nifty updates on 19th April 2024: As per provisional figures, BSE Sensex rose 599.34 pts or 0.83 per cent to trade at 73,088.33 and Nifty 50 rose 151.15 pts or 0.69 per cent to trade at 22,147.00, despite concerns about increasing tensions in the Middle East affecting market sentiment. MSCI’s Asia-Pacific index dropped over 2%, and U.S. stock futures were 1.3% lower following reports of Israeli missile strikes in Iran. Indian markets recorded their longest daily losing streak in six months, with the Nifty 50 and S&P BSE Sensex losing about 3.3% each in the last four sessions. Foreign portfolio investors sold Indian stocks worth Rs 4,260 crore on Thursday, while domestic institutional investors continued as net buyers for seven sessions. Analysts anticipate elevated volatility ahead of national elections, with results expected on June 4.