Indian Indices Extend Gains; Bajaj Auto & Bajaj Finance Surge 4%

Share markets in India are presently trading on a strong note, tracking gains in global peers.

The BSE Sensex is trading up by 641 points, up 1.3%, at 50,200 levels.

Meanwhile, the NSE Nifty is trading up by 190 points.

Top gainers in NSE today include Bajaj Auto and Bajaj Finance.

The BSE Mid Cap index is trading up by 1.9%.

The BSE Small Cap index is trading up by 1.3%.

On the sectoral front, gains are largely seen in the automobile sector and power sector.

US stock futures are trading higher today. Nasdaq Futures are trading up by 123 points (up 0.9%), while Dow Futures are trading up by 104 points (up 0.3%).

The rupee is trading at 73.02 against the US$.

Gold prices are trading down by 0.3% at Rs 48,334 per 10 grams.

Meanwhile, silver prices are trading up by 0.8% at Rs 73,900 per kg.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund (ETF), said its holdings rose 0.7% to 1,035.93 tonnes on Monday from 1,028.36 tonnes in the prior session.

Among gold ETFs, HDFC Gold ETF and SBI Gold ETF are among the top gainers today.

In news from the pharma sector, Panacea Biotech is among the top buzzing stocks today.

Serum Institute of India CEO Adar Poonawalla on Monday offloaded his entire stake in Panacea Biotech amounting to 5.15% shareholding of the firm for Rs 1.2 billion, through an open market transaction.

The shares were picked by the Serum Institute of India (SII).

As per BSE block deal data, Poonawalla sold 31,57,034 scrips he held in the firm at a price of Rs 373.85 per share, taking the total deal value to Rs 1.2 billion.

The shares were picked by SII at the same price, through a separate transaction.

As per shareholding data for March 2021 quarter, both Poonawalla and SII were public shareholders in the firm and held a 5.15% and 4.98% stake, respectively.

Panacea Biotech's share price is presently trading down by 2%.

1 2
View single page >> |

Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.