Markets ignore geopolitical tension, Sensex ends 376 points higher

All that happened in the markets today

Benchmark indices ended Tuesday's volatile session with over 1 per cent gain but off the day's top as investors booked profits after the Indian Army said an officer and two soldiers were killed in Galwan Valley in eastern Ladakh on Monday night during a violent face off with the Chinese troops. READ MORE

However, by the session's end, the Sensex was back in the green and closed 376 points higher at 33,605 while the Nifty50 index ended the session at 9,914. The Sensex hit an intra-day high of 34,022 and a low of 32,953 as volatility shot up 8 per cent before cooling off at the closing hours. The HDFC twins (both up 4%) were the top Sensex gainers while Axis Bank and Tech Mahindra (both down 2%) were the main laggards. In the Sensex pack, 15 stocks advanced while as many declined.

The Nifty sectoral indices ended mixed. Nifty Financial Services index, up 2.7 per cent, was the top gainer whille Nifty PSU Bank index, down 0.9 per cent, bled the most.

The broader markets underperformed the benchmarks. The S&P BSE MidCap closed 0.3 per cent higher while the S&P BSE SmallCap index was flat.

Buzzing stocks

Shares of Ramco Systems were locked in the 10 per cent upper circuit band for the fifth straight day, at Rs 146.70 on the National Stock Exchange (NSE). READ MORE

Shares of Tata Motors ended the session 5.67 per cent lower at Rs 94.75 on the BSE after posting a consolidated net loss of Rs 9,863.73 crore in the fourth quarter ended March 31 (Q4FY20). READ MORE

Global markets

The global stocks rally was back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping end a bumpy few days for financial markets.

A nearly 5 per cent jump by Japan’s Nikkei ensured the best day for Asian equities since late March and almost 2 per cent rises from London, Paris and Frankfurt got Europe off to a fast start.

Oil prices also steadied in commodity markets as lingering concerns over fuel demand from the resurgence of new coronavirus infections were cushioned by hopes of further cuts in crude supplies. Brent crude rose 1.5 per cent to $40.34 per barrel.

3:46 PM

MARKET STATS

3:44 PM

MARKET UPDATE :: Nifty gainers in today's session

3:38 PM

Sectoral trends on NSE at Close

3:37 PM

Sensex Heatmap at Close

3:35 PM

Closing Bell

>> The S&P BSE Sensex settled the day at 33,605.22 level, up 376.42 points or 1.13 per cent

>> Nifty50 closed around 9,900-mark, at 9,914 level, up100.30 point or 1.02 per cent. 

>> In the broader markets, the S&P BSE MidCap index ended at 12,495.37, up 40.42 points or 0.32 per cent, while the S&P BSE SmallCap index was at 11,849.62, up 4.77 points or 0.04 per cent.

3:25 PM

Index contributors at this hour

3:17 PM

Advance tax collection falls 31% in Q1, corporation tax mop-up down 79%

The gross advance tax collection fell 31 per cent in the first quarter of the current fiscal, with advance corporation tax mop-up declining 79 per cent, an official said on Tuesday. "Gross direct tax collection fell a full 31 per cent to Rs 1,37,825 crore in the first quarter of FY21, down from Rs 1,99,755 crore in the June 2019 quarter," an income tax official told PTI. READ MORE

3:17 PM

MARKET UPDATE :: Sensex up 400 pts

3:08 PM

Recovery from intra-day lows in today's session

COMPANY	DAY'S LOW(RS)	DAY'S HIGH(RS)	LATEST(RS)	RISE(%)
HATHWAY CABLE	27.50	32.75	32.30	17.45
ZENSAR TECH.	116.85	136.90	136.90	17.16
SWAN ENERGY	114.50	131.80	131.50	14.85
ALKYL AMINES	1825.00	2150.00	2091.90	14.62

2:57 PM

Nifty MNC index slips 0.28%

2:47 PM

91 of 133 PMS strategies beat benchmarks in one year, shows data

The study considers point-to-point returns for different periods and total return index for both categories. For PMS, post-fees returns are considered for 133 strategies for one year, 81 strategies for three years, 49 strategies for five years, and 25 strategies for 10-year period. For MFs, 401, 294, 253, and 201 schemes are considered for the respective periods based on the data by Association of Mutual Funds in India. READ MORE

2:38 PM

MARKET UPDATE:: Sensex reclaims 33,500 after swift up move

2:31 PM

Bank of Japan keeps policy steady, to pump $1 trn to combat health crisis

The Bank of Japan kept monetary policy steady on Tuesday and stuck to its view that the economy will gradually recover from the damage caused by the coronavirus pandemic, signalling that it has taken sufficient steps for now. As widely expected, the central bank maintained its pledge to guide short-term interest rates at -0.1% and the 10-year government bond yield around 0% by a 8-1 vote. READ MORE

2:24 PM

Pralay Mondal quits Axis Bank; stock falls 11% in intra-day trade

Shares of Axis Bank has dipped 8 per cent to Rs 360 on the BSE in intra-day trade, falling 11 per cent from its opening level on Tuesday after the lender informed exchanges that its executive director Pralay Mondal has cited pursuing other career opportunities and tendered his resignation. Mondal joined Axis Bank in April 2019. READ MORE

2:21 PM

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