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Global markets
Germany's DAX rose 1 per cent, France's CAC 40 0.57 percent and Britain FTSE 100 0.41 per cent. The U.S. S&P 500 E-mini futures gained 0.93 per cent. The MSCI World Index rose 0.25 per cent. Read more
Closing bell
The Sensex and Nifty ended higher for a fourth straight session on Tuesday, their longest winning streak since late January, buoyed by financials and metals.
Domestic sentiment was buoyed as tensions eased between the world's two biggest economies after Chinese President Xi Jinping promised to lower the import tariffs on products, including cars, easing concerns over an escalating US-China trade row.
The BSE index ended higher by 91.71 points or 0.27 per cent at 33,880.25, while the broader NSE index closed up 22.9 points or 0.22 per cent at 10,402.25.
Axis Bank Ltd was the top percentage gainer on both indexes, climbing over 5 per cent, after the country's third-biggest private-sector bank by assets had said on Monday its long-time chief executive, Shikha Sharma, will step down by this year-end.
Top 10 Nifty gainers
Top 10 Nifty losers
Bullion prices
Gold rose Rs 50 to Rs 31,550 per ten gram at the bullion market due to persistent buying by local jewellers despite a weak trend overseas. Silver too went up by Rs 150 to Rs 39,400 per kg on increased offtake by industrial units and coin makers. Read more
Honda Motorcycle plans expansion
Honda Motorcycle and Scooter India plans to invest Rs 800 crore in the ongoing financial year for expanding operations in the country. Read more
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Mahindra electric vehicles
Mahindra Electric has joined hands with self-drive rental platform Zoomcar, as part of which the auto major will offer 100 electric vehicles on the latter’s platform in the capital. Read more
Commodity call
Zinc futures contract on MCX has been stuck in a sideways range over the last few weeks. The contract has been rangebound between ₹207 and ₹216 a kg over the last one month. Read more
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Bonds slump on state govt borrowings
The 10-year benchmark bond yield rose to as much as 7.37 per cent. At 0730 GMT, the paper was trading at 7.35 per cent, and had closed at 7.23 per cent on Monday. Read more
MCX: Positive exchanges
Investors can retain their holdings in the shares of MCX. Given that SEBI’s move to open up the commodity markets is yet to play out, it is worth waiting to see how the dynamics of an open market unfolds for MCX. Read more
The Sensex and Nifty were trading higher for a fourth straight session on Tuesday, tracking gains in Asian peers as conciliatory-sounding comments from Chinese President Xi Jinping helped soothe investor concerns about an escalating US-China trade spat.
The BSE index was up 115.66 points or 0.34 per cent at 33,904.20 and the NSE index up 28.2 points or 0.27 per cent at 10,407.55.
Barring auto, all other BSE sectoral indices were trading in the green. Among them, metal index gained the most followed by capital goods, banking and realty.
Top five Sensex gainers were Axis Bank, ICICI Bank, Tata Steel, Adani Ports and Coal India, while the major losers were M&M, Hero MotoCorp, Tata Motors, HDFC Bank and HDFC.
Earnings season
Investors are optimistic regarding faster resolutions at the National Company Law Tribunal and that they will see “some dissection” in the market following corporate results, said Saurabh Jain, Assistant Vice-President of Research at SMC Global Securities.
Investors have now turned their focus to domestic cues such as March retail inflation data due later this week and corporate results.
Infosys Ltd, the country's third-largest software services exporter, will kick-start the January-March results season on Friday.
Investors continued to buy into metal stocks, with the Nifty metal index up for a sixth straight session.
Top 10 Nifty gainers
Both Hindalco Industries Ltd and National Aluminium Co Ltd rose over 4 per cent, as aluminium prices extend gains after the United States imposed sanctions on Russian firm United Company Rusal.
Axis Bank Ltd gained over 3 per cent and was among the top percentage gainer on the NSE index after the country's third-biggest private-sector bank by assets had said on Monday its long-time chief executive, Shikha Sharma, will step down at the end of 2018.
Top 10 Nifty losers
Shares of sugar companies climbed sharply following a Reuters report that the government is likely to provide financial support to cane farmers for produce sold to sugar mills. - Reuters
Hindustan Zinc: Gaining lustre
With revival in domestic economic growth and favourable export prospects, the metal space has turned attractive over the past few months. In this light, Hindustan Zinc appears well-placed to cater to the demand for these metals. Read more
No disclosure norms for start-ups
Promoters and investors in unicorns or new-age start-ups can no longer expect to make a tidy pile from any exits without forking out due sums to the taxman. Read more
Veritable blackbox The start-up valuation world is often seen as a blackbox by the taxman, given its highly subjective nature and the closed nature of the deals
Investors remain bearish on gold ETFs
Investors pulled out Rs 835 crore from gold exchange traded funds in 2017-18, making it the fifth consecutive financial year of outflow. Read more
Trading in gold ETF segment has been lukewarm during the last five years. File Photo
Passenger car sales
Domestic passenger vehicle sales were up 6.38 per cent at 3,00,722 units in March against 2,82,698 units in the same month last year. Read more
Car sales were marginally up at 1,91,082 units last month. File Photo
Modi's five challenges to PSUs
Prime Minister Narendra Modi has asked PSUs to focus on lowering the country’s import bill by 2022. He has also posed five challenges to CPSEs so that they can work towards a new India. Read more
File Photo of Prime Minister Narendra Modi.
Intra-state e-way bill rollout
E-way bill for movement of goods within the state will be rolled out from April 15, starting with 5 states including Gujarat, UP and Kerala. Read more
Nikkei climbs to 1-month high
Japanese stocks rose to a near one-month high, led by automakers after Chinese President Xi Jinping promised to lower the import tariffs on products, including cars, indirectly addressing some of the US concerns that have sparked a trade row between the world's two biggest economies. Read more
The Nikkei gained 0.2 per cent to 21,715.60. File Photo
Nifty 50 April Futures (10,397)
Traders can go long. Stop-loss can be placed at 10,370 for the target of 10,445. Revise the stop-loss higher to 10,415 as soon as the contract moves up to 10,425. Read more
Global markets
US S&P 500 E-mini futures rose 1.2 per cent, while China's Shanghai Composite Index gained 0.5 per cent. Financial spreadbetters expect London's FTSE to open 46 points up at 7,240, Frankfurt's DAX to open 109 points higher at 12,371 and Paris' CAC to open 47 points firmer at 5,311. Read more
Financial markets have been buffeted over the past week. File Photo
China stocks gain
China and Hong Kong stocks gained, as Chinese President Xi Jinping’s vow to further open up the economy in a speech at the Boao forum eased worries over rising trade tensions between the world's largest economies. Read more
Pre-noon trade
The Sensex and Nifty continued to trade higher, in line with global peers, after Chinese President Xi Jinping promised to lower the import tariffs, in a speech that comes amid rising trade tensions between China and the United States.
The 30-share BSE index Sensex was up 77.76 points or 0.23 per cent at 33,866.30 and the 50-share NSE index Nifty up 18.75 points or 0.18 per cent at 10,398.10.
Among BSE sectoral indices, metal index gained the most followed by banking, capital goods and realty. On the other hand, auto, oil & gas, healthcare and FMCG succumbed to selling pressure.
Nifty sectoral indices
Top five Sensex gainers were Axis Bank, ICICI Bank, Adani Ports, Tata Steel and Coal India, while the major losers were Tata Motors, M&M, Hero MotoCorp, Dr Reddy's and Bharti Airtel.
Top 10 Nifty gainers
Top 10 Nifty losers
Sugar stocks 'sweeten'
Shares of sugar companies jumped in early trade after Reuters had reported that the government is likely to provide financial support to cane farmers for produce sold to sugar mills. Read more
Wipro shares 2.5%
Wipro shares fell as much as 2.5 per cent as one of its telecom clients in India has filed for bankruptcy and it would impact its profit for the March quarter and year ended March 31, 2018. Read more
Wipro says the client insolvency petition is likely to see an impact on profitability at the net income level in the range of 65-75 basis points of the consolidated revenues for the quarter ended March 31, 2018.
Axis Bank stocks jumps 4%
Shares of Axis Bank rose as much as 4 per cent in the morning trade after its CEO and Managing Director Shikha Sharma’s tenure was shortened. Read more
Forex market
The rupee was trading strong at 64.92 on dollar selling by banks and exporters. Read more
Xi calms jitters over US-China trade war
Chinese President Xi Jinping has promised to open the country's economy further and lower import tariffs on products including cars, in a speech that comes amid rising trade tensions between China and the United States. Read more
File photo of Chinese President Xi Jinping.
Herculean task for SEBI
SEBI plans to initiate action and penalty proceedings against 14,720 entities that were found to be involved in ‘sham transactions’ in the equity derivative segment. The mammoth task, which could result in windfall gains worth several thousands crores of rupees to the exchequer, is likely to keep SEBI highly occupied for years to come. Read more
SEBI
RBI hikes FPI limit in Future Supply
The Reserve Bank of India has increased the foreign portfolio investors investment limit in Future Supply Chain Solutions Ltd to 49 per cent from the current 24 per cent. Read more
Domestic shares were trading higher as US stock futures rallied and Asian equities bounced as Chinese President Xi Jinping promised to lower the import tariffs on products, including cars, helping soothe investor jitters over an escalating US-China trade row.
The 30-share BSE index Sensex was up 129.23 points or 0.38 per cent at 33,917.77 and the 50-share NSE index Nifty up 43 points or 0.35 per cent at 10,416.15.
Barring oil & gas and auto, all other BSE sectoral indices were trading in the green. Among them, metal index gained the most followed by capital goods, banking and infrastructure.
Top five Sensex gainers were Axis Bank, Adani Ports, ICICI Bank, Tata Steel and L&T, while the major losers were M&M, Bharti Airtel, HDFC Bank, Wipro and Hero MotoCorp.
What to watch
Will Nitesh Estates build on new project?
Nitesh Estates has obtained approval from the Bangalore Development Authority for its Nitesh Virgin Island project. Read more
What to watch
The board of Neuland Laboratories has approved a qualified placement issue. The company will issue up to 16.75 lakh shares through QIP. Read more
What to watch
Shares of LGB Forge, a demerged entity from LG Balakrishnan & Bros, will remain in focus, as the board of directors of the company is meeting today to consider various fund-raising options. Read more
NSE restricts trade in 15 stocks
The National Stock Exchange has moved 15 stocks to the trade-for-trade segment from Thursday at a price band of 5 per cent. Read more
RPP Infra Projects has bagged an order from Maharashtra State Road Development Corporation for ₹138.20 crore. Read more
9.25 am
Wall Street rises
Wall Street’s major indexes rose on Monday as a softer stance by US policymakers on China tariffs powered a rebound from last week’s selloff. Read more
European Patent Office authorities have communicated their decision to grant a patent to Oil India Ltd for an invention titled ‘A method for preventing wax deposition in oil wells with packers’. Read more
9.15 am
Opening bell
The Sensex opened higher by 91.57 points at 33,880.11 against Monday's close of 33,788.54 and the Nifty gained 36.65 points to 10,416 against 10,379.35.
9.10 am
Day Trading Guide
Supports and resistances for Nifty 50 futures and seven key stocks are given below that can help in your intra-day trading:
₹1938 • HDFC Bank
₹1100 • Infosys
Click here to view the full table
9.05 am
Today's stock pick
Globus Spirits (₹140.7)
Investors with a short-term perspective can buy the stock of Globus Spirits at current levels. Read more
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