Key indices logged strong gains on last trading day of the week on strong buying demand in index pivotals.Indices hovered in positive zone in morning trade. Stocks gyrated in a small range in mid-morning trade. Indices extended gains in mid-afternoon trade and hit fresh intraday high in late trade. The Sensex regained the psychological 39,000 mark. The Nifty 50 gained 112.85 points and settled at 11754.65. Meanwhile, domestic stock markets will remain closed on Monday, 29 April 2019, on account of General Elections (Lok Sabha).
DBS Group Holdings Ltd, Southeast Asia’s biggest lender, beat market estimates to post a record quarterly profit, as strong net interest income offset weakness in wealth management, brokerage and investment banking fees.Israel stocks were higher after the close on Sunday, as gains in the Insurance, Oil & Gas and Financials sectors led shares higher.The TA 35 rose 0.77% to hit a new 3-months high.
HCL Tech hits record high on launch of cybersecurity fusion center in US
Shares of Torrent Pharma rose 1% after the company said the USFDA has made ‘certain’ observations after inspection of its Indrad facility in Gujarat.
Tata Steel’s board approves merger of Bamnipal Steel and Tata Steel BSL into the company.
Maruti Suzuki informed that the company will stop manufacturing of diesel vehicles from April 1, 2020 when the new BS 6 emission norms will be introduced.
Hindalco Industries on April 26 said it has sold its Kollur plant in Telangana to Mundhra Alufoil. Kollur plant is primarily in the business of manufacturing and sales of aluminum foils.
Aurobindo Pharma stock hit 31-month high on April 26, rising 5 percent intraday after global research house Citi reiterated stock as one of its two top picks in Indian pharma space.
Rallis India stock falls 4% after decline in Q4 numbers.
Asian shares rebounded on Monday after strong U.S. first-quarter economic growth boosted the S&P 500 index to a record high, and the recovery was also supported by data showing profits at Chinese industrial firms grew for the first time in four months.
Australian shares were down 0.43 percent after hitting an 11-year closing high on Friday, while Seoul’s KOSPI was up 0.74 percent.
Japan’s financial markets are closed for a long national holiday this week, but Nikkei 225 futures in Singapore were 0.85 percent higher.
The Shanghai Composite Index fell as much as 1.2 percent Monday, dropping below its 50-day moving average, before paring the decline.