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		<img align="" alt="Ongoing bull market phase 'longest and slowest', says Morgan Stanley" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-03/08/full/1551991482-3959.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Ongoing bull market phase 'longest and slowest', says Morgan Stanley" width="620">
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		NSE's headline index Nifty surged 307 points or over 3 per cent to settle at 9,860.</div></div>

Ongoing bull market phase 'longest and slowest', says Morgan Stanley

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	Indian equity market soared on Thursday, the last day of the futures & options (F&O) contracts of April series, as encouraging early results from a Covid-19 treatment trial boosted investor sentiment. Buying was witnessed across the board with stocks such as Tata Motors, Vedanta, and Hindalco leading the charge.&nbsp;</div>
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	The S&P BSE Sensex rallied an impressive 997 points or 3 per cent to 33,718 levels. Of 30 constituents, 26 ended in the green and rest 4 in the red. ONGC (up over 13 per cent) emerged as the biggest gainer on the index, followed by HCL Tech (up 11 per cent), Hero MotoCorp (up 9 per cent), and NTPC (up 6 per cent).&nbsp;</div>
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	On the contrary, Sun Pharma (down nearly 3 per cent) ended as the top loser. HUL ,too, ended over 1.6 per cent lower at Rs 2,195.70 ahead of its March quarter results due later in the day.&nbsp;<br />
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	Reliance Industries (RIL) stock ended nearly 3 per cent higher at Rs&nbsp;1,467.05 apiece on the BSE. The company is slated to announce March quarter results and consider rights issue later in the day. Further, it&nbsp;has announced that it will reduce the salaries of some of its employees in the hydrocarbon division by 10 per cent in view of the &quot;adverse impact&quot; of the coronavirus pandemic on fuel demand. <a href="https://www.business-standard.com/article/current-affairs/ril-announces-salary-cuts-mukesh-ambani-to-forgo-entire-compensation-120043000661_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	NSE&#39;s headline index Nifty surged 307 points or over 3 per cent to settle at 9,860.&nbsp;<br />
	<br />
	On a weekly basis, Sensex zoomed 7.6 per cent and Nifty jumped 7.7 per cent.&nbsp;<br />
	<br />
	In the broader market, the&nbsp;S&P BSE MidCap index rallied 1.46 per cent to&nbsp;12,013 levels and the&nbsp;S&P BSE SmallCap index gained over 1 per cent to&nbsp;11,102-mark.&nbsp;<br />
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	On the sectoral front, metal stocks advanced the most with the Nifty Metal index surging 8 per cent to&nbsp;1,859.90 levels. Nifty Auto index was second on the list - up 6.45 per cent to&nbsp;5,901 levels.&nbsp;<br />
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	Markets will remain closed on Friday on account of&nbsp;Maharashtra Day.&nbsp;<br />
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		<strong>Global Markets</strong></div>
	<br />
	<div>
		World stocks headed for their best month on record on Thursday, as encouraging early results from a COVID-19 treatment trial and expectations of more European Central Bank (ECB) stimulus later in the day helped ease the pain of February and March.</div>
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	<div>
		Europe saw a cautious start.</div>
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	<div>
		A 1.4 per cent rise in MSCI&rsquo;s broadest index of Asia-Pacific shares, excluding Japan, has it tracking toward a weekly gain of more than 5 per cent, its best in three weeks. Japan&#39;s Nikkei jumped 2.8 per cent to a seven-week high.&nbsp;</div>
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	<div>
		In commodities, oil prices jumped, lifted by signs that the US crude glut is not growing as quickly as expected and of a rise in fuel demand, which has been crushed by the coronavirus. West Texas Intermediate (WTI) crude futures climbed to $17.11 a barrel, up 13.6 per cent or $2.05 at the time of writing of this report. The US benchmark surged 22 per cent on Wednesday.</div>
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		Brent LCOc1 was up 7.6 per cent, or $1.71 at $24.25 a barrel in light trading, with the June contract expiring on Thursday, having posted a 10 per cent gain on Wednesday.</div>
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	<div>
		<strong><em>(With inputs from Reuters)</em></strong></div>
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F&O expiry: Sensex soars 997 pts on Covid-19 drug hopes; auto, IT stks gain

Business Standard

F&O expiry: Sensex soars 997 pts on Covid-19 drug hopes; auto, IT stks gain | News on Markets - Business Standard

Ahead of Q4 nos | Tech Mahindra advances over 3%

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Sensex Heatmap | 28 of 30 constituents open in the green

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NEWS ALERT | Lupin receives EIR for Pithampur unit by US FDA: BSE filing

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Top gainers and losers on S&P BSE Sensex at Pre-open

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Federal Reserve leaves rates near zero, sees coronavirus risks lingering

&quot;The Federal Reserve is committed to using its full range of tools to support the US economy in this challenging time, thereby promoting its maximum employment and price stability goals,&quot; the central bank said in a statement at the end of a two-day policy meeting held via videoconference. <a href="https://www.business-standard.com/article/international/federal-reserve-leaves-rates-near-zero-sees-coronavirus-risks-lingering-120043000010_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-03/22/full/1553193894-7305.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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Stocks to watch: RIL, HUL, Wipro, Tech Mahindra, AU Small Finance Bank, SIS

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	<strong>RIL</strong>: The oil-to-telecom behemoth is slated to consider rights issue as well as announce March quarter results later in the day.&nbsp;<br />
	&nbsp;</div>
<div>
	<strong>HUL</strong>: The FMCG giant is scheduled to release its results for the fourth quarter ended March 2020 (Q4FY20) today. Edelweiss Securities expects revenue to dip 5.8 per cent YoY to Rs 9,369.5 crore, while EBITDA (earnings before interest, taxes, depreciation, and amortisation) and PAT (net profit) is likely to grow 1.7 per cent and 4.7 per cent YoY, respectively at 2,361.1 crore and 1,683.8 crore. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-ril-hul-wipro-tech-mahindra-au-small-finance-bank-sis-120043000130_1.html?1588216725" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-02/05/full/1580844835-8055.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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	&nbsp;</div>

&gt;&gt; The Nifty Apr expiry rollover is at 56.78% on Wednesday compared to 49.6% on same day of previous expiry.
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	<br />
	&gt;&gt; The Banknifty Apr expiry rollover is at 64.35% on Wednesday compared to 39.99% on same day of previous expiry.</div>
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	<br />
	&gt;&gt; The Market wide Apr expiry rollover is at 74.19% on Wednesday as compared to 72.44% on same day of previous expiry<br />
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	<em>(Source: Nirmal Bang Securities)</em><br />
	&nbsp;</div>

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F&O expiry: Sensex soars 997 pts on Covid-19 drug hopes; auto, IT stks gain

All that happened in the markets today

Ahead of Q4 nos | Tech Mahindra advances over 3%

Kajaria Ceramics vaults 14%

RIL gains over 1% ahead of Q4 nos

HUL turns positive ahead of results

Sectoral trends on NSE at open

Sensex Heatmap | 28 of 30 constituents open in the green

Opening Bell | Nifty50 tops 9,700-mark

Opening Bell | Sensex rises 2%

NEWS ALERT | Lupin receives EIR for Pithampur unit by US FDA: BSE filing

Top gainers and losers on S&P BSE Sensex at Pre-open

Market at Pre-open

Market at Pre-open

Federal Reserve leaves rates near zero, sees coronavirus risks lingering

Stocks to watch: RIL, HUL, Wipro, Tech Mahindra, AU Small Finance Bank, SIS

F&O Expiry :: Rollover Analysis