It turned out to be a marvelous Monday for investors on Dalal Street as the BSE Sensex zoomed over 1,300 points 935.72 points to reclaim 60k mark, boosted by intense buying in banking and financial stocks after the announcement of merger between HDFC and HDFC Bank.
The 30-share BSE index closed 1,335.05 points or 2.25 per cent higher at 60,611.74. Likewise, the NSE Nifty jumped 382.95 points or 2.17 per cent to end at 18,053.40.
What’s next? Here are the latest updates!
10:30 am: Hindustan Zinc stock gains 2.5% on rise in March output
Shares of Hindustan Zinc gained over 2 per cent in early trade today after the firm reported a 17 per cent rise in its mined output (Q-o-Q basis) in the March quarter.
Hindustan Zinc stock climbed 2.48 per cent to Rs 333 against the previous close of Rs 324.95 on BSE. The large cap stock opened with a gain of 2.03 per cent at Rs 331.55.
10:00 am: TCS shares in focus
Shares of Tata Consultancy Services (TCS) were trading higher in early trade on Tuesday after the company said that it has entered into a partnership with Canada’s largest payment organisation, Payments Canada, to transform its payment system operations and help in the implementation of the Real-Time Rail (RTR).
RTR is a new real-time payments system that will allow Canadian users to initiate payments and receive irrevocable funds in seconds, any time of the day.
RTR will offer Payments Canada members new ways of paying and getting paid in real-time. It will provide a faster alternative to other payment options, and a new way to pay for goods and services, and transfer money, the company stated.
9:16 am: Market opening
Equity benchmark Sensex opened flat at 60,607. Likewise, Nifty was also trading 19 points higher at 18,072.
NTPC was the top gainer on Sensex, followed by M&M, Sun Pharma, Power Grid and TCS.
HDFC and HDFC Bank were the top losers.
8:45 am: FII and DII action
Foreign institutional investors (FIIs) bought shares worth Rs 1,152.21 crore on April 4, and domestic institutional investors (DIIs) purchased shares worth Rs 1,675.01 crore, as per provisional data available on NSE.
8:40 am: Global updates
Wall Street’s main indexes rose on Monday, boosted by megacap tech and growth stocks and a surge in Twitter after Elon Musk revealed his stake in the company, amid cautionary signals in the bond market and talk of more sanctions against Russia over Ukraine.
The Dow Jones Industrial Average rose 103.61 points, or 0.3 percent, to 34,921.88, the S&P 500 gained 36.78 points, or 0.81 percent, at 4,582.64 and the Nasdaq Composite added 271.05 points, or 1.9 percent, at 14,532.55.
Asian Markets were trading mixed in the morning session on Tuesday with Straits Times gained 0.6 percent, while Nikkei and Kospi down marginally.
8:30 am: SGX Nifty
The Indian equity market is likely to open higher today as SGX Nifty was trading 93 points higher at 18,185.
The Singapore Stock Exchange is considered to be the first indication of the opening of the Indian market.
8:15 am: Market on Monday
Sensex surged over 1,300 points to reclaim the 60,000-level on Monday, led by intense buying in banking and financial stocks after the announcement of the merger between HDFC and HDFC Bank.
