Sensex Opens 440 Points Higher; Nestle India And ACC Among Top Stocks In Focus

Asian stock markets are trading on a mixed note today as investors await the release of China's latest benchmark lending rate.

The Nikkei is trading down by 1.8% while the Hang Seng is up 0.1%. The Shanghai Composite is trading higher by 0.3%.

In US stock markets, Wall Street indices closed lower on Monday as investors awaited guidance from first-quarter earnings to justify high valuations.

The Dow Jones Industrial Average fell 123 points or about 0.4%. The S&P 500 and Nasdaq also fell 0.5% and 0.9%, respectively.

Back home, Indian share markets have opened on a positive note, following the trend on SGX Nifty.

Market participants are tracking Nestle's share price as the company is scheduled to announce its quarterly results today.

The BSE Sensex is trading up by 440 points. Meanwhile, the NSE Nifty is trading higher by 133 points.

Dr. Reddy's Laboratories and Grasim are among the top gainers today. HCL Technologies, on the other hand, is among the top losers today.

Both, the BSE Mid Cap index and the BSE Small Cap index have opened up by 1.5%.

Sectoral indices are trading on a positive note with stocks in the auto sector and power sector witnessing buying interest.

Shares of Wipro and Cadila Healthcare hit their 52-week highs today.

The rupee is trading at 74.61 against the US$.

Gold prices are trading down by 0.2% at Rs 47,261 per 10 grams.

Speaking of stock markets, in one of his latest videos, Rahul Shah discusses whether another big crash is likely and the ideal strategy to counter it.

Moving on to news from the cement sector...

ACC is among the top buzzing stocks today.

Cement major ACC has reported a strong set of numbers for the first quarter of the calendar year 2021 (CY21).

In its latest quarterly results, the company posted a 74.2% year-on-year (YoY) surge in its consolidated net profit at Rs 5.6 billion for the March quarter (Q1CY21).

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

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