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What happened in the Indian stock market today (15th Apr 2024)?

Stock Market News Today 15-Apr-2024

On April 15, 2024, Indian benchmark indices, the Sensex and Nifty 50, extended losses for the second consecutive session. 

The Sensex opened 930 points lower, hitting a day’s low of 73,315.16, eventually closing 845 points down at 73,399.78, a decline of 1.14%. Similarly, the Nifty 50 started 180 points lower, reaching a day’s low of 22,259.55, and closed 247 points down at 22,272.50, marking a 1.10% drop. 

Investor sentiment soured due to heightened tensions in West Asia following Iran’s missile and drone attacks on Israel. Concerns about disrupted global commodity supply, particularly in crude oil and industrial metals, intensified market unease.

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Impact on the stock market

Among sectoral indices, only Nifty Oil & Gas gained 0.41%. Nifty Bank dropped 1.63%, while PSU Bank and Private Bank both fell nearly 2%. Nifty Media declined 2.23%, with Financial Services losing 1.75% and IT dropping 1.58%.

Information Technology-1.58%
Oil & Gas+0.41%
PSU Banks-1.98%

Top gainers today

CompanyPriceChange (%)
Maruti Suzuki12,422.85+1.27%

Top losers today

CompanyPriceChange (%)
Shriram Finance2,414.65-2.85%
Bajaj Finserv1,656.85-2.46%
ICICI Bank1,078.35-2.36%

Market aftermath: Impact on stocks

IREDA falls 8% after three MFs exit in March

Shares of Indian Renewable Energy Development Agency (IREDA) fell 8% in early trade on April 15 as three domestic mutual funds—Kotak Mutual Fund, Nippon India Mutual Fund, and ICICI Prudential Mutual Fund—exited the counter in March. 

At 11:16 am, IREDA traded at ₹159.95 on the NSE, down 4.4%. The stock had reached a record high of ₹214.80 after its November debut, a nearly seven-fold increase from its IPO price, before undergoing a sharp correction.

Also Read: IREDA touches 200% returns after IPO: Should you book profits?

Aster DM healthcare soars by 14%

Aster DM Healthcare share surged 14% to hit a record high of ₹558 on April 15 after announcing a special dividend of ₹118 per share. The board approved the dividend on April 12, payable to shareholders as of April 23. 

Trading volume on the counter increased more than four-fold with 1 crore shares traded on BSE and NSE combined. Year-to-date, the stock has jumped around 30%, outperforming Nifty 50’s 2% rise.

Motilal Oswal Financial Services announces ₹1,000 crore NCD issue

Motilal Oswal Financial Services announced a ₹1,000 crore public issue of secured redeemable non-convertible debentures (NCDs), opening on April 23 and closing on May 7. 

The issue, rated AA/Stable, offers yields between 8.85% and 9.70% per annum with terms of 24 to 120 months. The funds will be used for working capital and debt repayment. In Q3 FY24, revenue rose 30% YoY to ₹1,377 crore, and net profit increased 222% YoY to ₹774 crore.

Crude oil futures declined

Crude oil futures declined on Monday morning despite Iran’s drone and missile attacks on Israel. At 9:55 am, June Brent oil futures were at $90.31, down 0.15%, and May WTI futures were at $85.42, down 0.28%. 

April crude oil futures traded at ₹7,137 on MCX, down 0.70% from the previous close of ₹7,187. May futures also fell 0.70% to ₹7,103 from ₹7,153.


In today’s market update for April 15, 2024, Indian benchmark indices, Sensex and Nifty 50, faced continued losses amidst tensions in West Asia. 

IREDA saw a decline after mutual funds exited, while Aster DM Healthcare surged with a special dividend announcement. Motilal Oswal Financial Services revealed a substantial NCD issue, and crude oil futures dipped despite geopolitical concerns. 

Stay tuned on StockGro for further updates.

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Hunny Meghani

A curious mind, a love for writing, and a passion for all things finance - that's me in a nutshell. Whether I'm exploring the latest stock market trends or diving into the nitty-gritty of personal finance, marketing, and AI. I'm always on the hunt for the next big story.

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