Indian Indices
Regardless of weak cues from other Asian markets, the Indian equity benchmarks ended in the positive territory after three straight sessions of losses. Recent decliners such as IT stocks recovered, but the overall sentiment was cautious ahead of the start of the earnings season. Investors started focusing on the quarterly earnings season that will be kicked off by Infosys on April 13.
Regardless of weak cues from other Asian markets, the Indian equity benchmarks ended in the positive territory after three straight sessions of losses. Recent decliners such as IT stocks recovered, but the overall sentiment was cautious ahead of the start of the earnings season. Investors started focusing on the quarterly earnings season that will be kicked off by Infosys on April 13.
During the day’s trade, the Sensex touched an Intraday high of 29804.51 and an Intraday low of 29570.58, while the Nifty touched an Intraday high of 9242.70 and an Intraday low of 9172.85.
Following are the stocks/sectors which were in news today:
Suzlon Energy rose 1.55% after
the company said that it has won a repeat order of 50.40 megawatts wind power
project in Karnataka.
Redington (India) rose 1.45%
after the company announced that its overseas step down subsidiary has sold its
entire holding in its Turkish subsidiary.
Gujarat Apollo Industries rose
4.83% after the company said that its Board will consider share buyback on 13
April 2017.
Rural Electrification Corporation
(REC) rose 13.02% on a report that the company was looking at diversifying to
financing equipment manufacturing, energy efficiency schemes, power plants
renovation and coal blocks development.
Currency market
The Indian rupee ended at 64.49/$ on Tuesday as against Monday's close of 64.56/$.
Global signals
US stock index futures pointed to
a higher opening on the Wall Street on Tuesday.
A sharp drop in the shares of
Apple-supplier Dialog Semiconductor dominated trading in an otherwise muted
European stock markets, as a holiday-shortened week and broadly risk-off
sentiment kept investors from making big bets.
Japan's Nikkei share average
declined on Tuesday, as rising geopolitical tensions over North Korea, a
stronger yen and renewed uncertainty about the French presidential election
hurt investor sentiment.
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