Stock Market Today: Asia indices trade lower, US markets open flat

Stock Market Today: Although the Nifty started off well, it consolidated for the majority of the day. It traded within the previous trading session's 17,863–17,574 range. Due to the sideways price movement, the hourly Bollinger bands were narrowing, which indicated range-bound price activity. A purchase signal has been generated by the daily momentum indicator's positive crossover. As a result, price and momentum indicators are giving us divergence indications, which frequently produce range-bound behaviour.

We can anticipate sector rotation and stock-specific price activity during this consolidation phase. For the upcoming trading sessions, the consolidation range is most likely to be between 17,500 and 17,800. Fourth

ICICI Lombard General Q4 profit rises 40% to Rs 437 crore

On April 18, ICICI Lombard General Insurance Company announced a 40% increase in net profit for the fourth quarter ended March 2023, coming in at Rs 437 crore. In the equivalent period of 2021–2022, the non-life insurer reported a net profit of Rs 313 crore.

According to ICICI Lombard's regulatory filing, the company's overall revenue for the quarter under review was Rs 5,255.58 crore as opposed to Rs 4,636 crore in the same quarter last year. According to the firm, the ultimate dividend for FY23 would be Rs 5.50 per share.

Stock Market Today: Oil prices edge higher on falling US inventories, China data

Early on in Wednesday's Asian trading, oil prices increased as dropping U.S. crude stocks and positive Chinese growth statistics suggested that fuel demand was on the rise.

At 00:20 GMT, Brent crude futures increased 7 cents to $84.84 a barrel. To reach $80.89 per barrel, West Texas Intermediate U.S. crude gained 3 cents.

Stock Market Today: S&P 500 ekes out gain as tech supports, J&J, Goldman disappoint

Tuesday, as the first-quarter earnings season got underway, the S&P 500 managed to scrape out a tiny gain thanks to strength in a few large technology firms that offset weaker-than-expected quarterly reports from Johnson & Johnson and Goldman Sachs. The Dow and Nasdaq both finished the day with minor losses.

The Nasdaq Composite dropped 4.31 points, or 0.04 percent, to 12,153.41 and the S&P 500 increased 3.55 points, or 0.09 percent. The Dow Jones Industrial Average decreased 10.55 points, or 0.03 percent, to 33,976.63.

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