## Stocks to Watch on Friday, April 19, 2024
Indian benchmark equity indices are expected to extend their losing streak on Friday, April 19, 2024, due to a combination of factors. The weekend factor, coupled with the tense geopolitical situation, may keep buyers at bay. Additionally, the first phase of general elections 2024 will begin today, adding to the uncertainty.
Overnight, the US market ended on a flat note. However, Dow, Nasdaq & the S&P 500 futures were seen trading with losses in excess of 1 per cent post the explosion news in Iran and Syria. In Asia, Japan's Nikkei plunged 2.8 per cent, while Kospi and Taiwan were down around 2 per cent each. Hang Seng slipped nearly 1 per cent.
Gold futures climbed back atop the $2,400-mark, while Brent Crude Oil futures were seen quoting around $89.30 per barrel.
At 08:00 am, Gift Nifty futures quoted around 21,730 levels, hinting at a likely gap-down of over 300 points on the Nifty 50.
Alok Industries, HDFC Bank, Ind Bank Housing, International Travel House, and Sterling and Wilson Renewable Energy are scheduled to announce March quarter results on Saturday.
HDFC Life: Q4FY24 net profit rose 14.7 per cent YoY to Rs 411.66 crore.
Reported a two-fold jump in profit after tax to Rs 537 crore for Q4FY24.
Plans to import its Jaguar Land Rover (JLR) luxury electric cars under a new government policy.
ITC Infotech has entered into a share purchase agreement for the acquisition of Blazeclan Technologies for Rs 485 crore.
The government will take a call on further conversion of Vodafone Idea's existing debt into equity only after receiving a request from the company.
Three aircraft lessors filed insolvency pleas against the low-cost carrier in the NCLT over a default of Rs 77 crore.
Balrampur Chini, Bandhan Bank, Exide Industries, GNFC, Hindustan Copper, Metropolis, National Aluminium, Primal Enterprises, SAIL, and Zee Entertainment are the 11 stocks in futures & options ban period on Friday.