Indian share markets ended on a positive note today, although there was some volatility amid weakness in global markets.

Benchmark indices extended the rally for the fifth straight day supported by private lender IndusInd Bank after its quarterly profit surged.

FIIs seem to be returning to the Indian markets, lifting investor sentiment.

At the closing bell, the BSE Sensex stood higher by 284 points (up 0.5%).

Meanwhile, the NSE Nifty closed higher by 84 points (up 0.5%).

IndusInd Bank, Bajaj Finance, and Bajaj Finserv were among the top gainers today.

Dr Reddy's Laboratories, Tech Mahindra, and Kotak Mahindra Bank, on the other hand, were among the top losers today.

The SGX Nifty was trading at 16,618, up by 120 points, at the time of writing.

The broader markets ended in the green. The BSE MidCap index ended higher by 1.2% and the BSE SmallCap index ended higher by 0.9%.

Barring the pharma sector, all sectoral indices ended on a strong note today with stocks in the FMCG sector, banking sector, and media sector witnessing most of the buying.

Shares of Bajaj Auto and Adani Total Gas hit their 52-week highs today.

IndusInd Bank, Wipro, and Reliance Industries were amongst the most active shares on the BSE today.

Wipro shares were buzzing hot post its Q1 result announcement.

Asian share markets ended on a mixed note today, as traders struggled to maintain momentum from the previous day's rally and eyes focused on Europe, hoping Russia fulfills a pledge to switch a crucial gas pipeline back on.

The Nikkei ended the day up by 0.4%, while the Hang Seng plunged by 1.5%. The Shanghai Composite ended 1% lower.

The rupee fell and is trading at 79.78 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.9% at Rs 49,753 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading down by 2.3% at Rs 54,355 per 1 kg.

Of late, gold prices are falling while silver isn't far behind. Silver price is also falling as industrial demand for silver is under pressure while a stronger US dollar is adding to worries.

Take a look at the chart below:

 The ratio chart above indicates the slope has turned northwards. Thus, it's time for the small-cap index to outperform the Nifty.

In news from the IT space, Sonata Software is considering a proposal for a bonus issue of shares.

The board meeting is scheduled for 25 July 2022 to consider a proposal for bonus shares.

The company is yet to post its June quarter results.

During the March 2022 quarter, the company's consolidated net profit increased by 3.3% YoY to Rs 1 bn.

Sequentially, net sales declined 21.2% to Rs 14.6 bn from Rs 18.6 bn in December 2021.

Post the announcement, Sonata software share price ended 5.5% higher on the BSE today.

Moving on, PVR has posted stellar Q1 results.

Multiplex operator PVR reported a net profit of Rs 683 m for the quarter ending June 2022.

Its revenue rose to Rs 10 bn whereas its earnings before interest, taxes, depreciation, and amortization came at Rs 20.8 bn with an EBITDA margin of 20.3% during the quarter under review.

The company is back to witnessing profit after reporting losses in the previous few quarters due to the severe impact of covid-induced lockdowns in the country.

As the business was impacted by the pandemic, the company revealed numbers comparable to the June 2019 quarter, the pre-pandemic period.

During the June 2019 quarter, the company's net profit stood at Rs 442 m and revenue at Rs 8.9 bn while the EBITDA was at 1.7 bn.

Sharing its screen outlook for the current financial year, PVR said it is on track to open 125 screens.

14 screens across 3 properties opened so far, 82 screens are currently under without entering 9 new cities, and the bulk of the properties will open in the third and the fourth quarter.

On 27 March this year, PVR and INOX Leisure announced a merger deal to create the largest multiplex chain in the country.

The combined entity will have a network of more than 1,500 screens and will explore opportunities in tier III, IV & V cities, besides in the developed markets.

The combined entity will be named PVR INOX with the branding of existing screens to continue as PVR and INOX, respectively.

Post the result announcement, PVR share price ended 1.4% higher on the BSE today.

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