Indices at previous closing
Nifty50: 17,475 ▼54 (-0.3%)
Sensex: 58,338 ▼237 (-0.4%)
Nifty Bank: 37,463 ▼284 (-0.7%)
For more updates on F&O, click here.
Maruti plans to launch multiple EV models
According to reports, the management of the auto major said that it plans to launch multiple electric vehicle (EV) models in India, and aims to become a leader in this segment. The company plans to roll out its first EV in 2025. It is currently conducting extensive testing on its existing models.
The management has reportedly said that sales of EVs in the country are very limited for now. The stock is down 1% since the start of 2022.
ICICI Pru Life posts a strong Q4 profit growth
ICICI Prudential Life Insurance’s net profit surged by 189% year-on-year to ₹185 crore in the March quarter. This was mainly on the back of a sharp drop in actuarial liability, which refers to the benefits payable in life policies.
The private insurer’s net premium earned was at ₹11,359 crore, which was lower than the ₹11,879 crore in the same period the previous year. Its management said that the life insurer added 25,000 agents through the year, which has enabled it to deepen and widen its distribution network. Since 1 January, the stock has fallen by 5%.
Jet fuel prices continue to rise
The prices of jet fuel were hiked by 0.2% which is the eighth increase this year. This recent price hike takes the jet fuel prices to an all time high of ₹113.2 per litre. This comes after the steepest-ever hike of 18.3% on 16 March and a 2% increase on 1 April. It’s important to note that the jet fuel prices are revised on the 1st and 16th of every month based on the average international price.
The price of air turbine fuel (ATF), which accounts for around 40% of the airlines' total costs, has been touching new highs on the back of rising crude oil prices. In the last week, shares of airline operators like Spicejet and Indigo were down in the range of 3% to 5%.
Sectoral indices (April 13)
| Top gainers | Top losers |
| Nifty Oil & Gas ▲ 0.7% | Nifty Private Bank ▼ 0.8% |
| Nifty FMCG ▲ 0.6% | Nifty Auto ▼ 0.8% |
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.2% |
| Nikkei 225 (Japan) | ▼ 1.9% |
| Hang Seng (Hong Kong) | ▲ 0.6% |
| SSE Composite (China) | ▼ 1.1% |
| Dow Jones (US) (April 14) | ▼ 0.3% |
| NYSE (US) (April 14) | ▼ 0.6% |
| Nasdaq (US) (April 14) | ▼ 2.1% |
| S&P 500 (US) (April 14) | ▼ 1.2% |
Fact of the day
Keeping Mark Zuckerberg and his family safe cost Meta around $26.8 million in 2021.
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Investment in securities markets is subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by RKSV group. Investors should consult their investment advisor before making any investment decision.