Share markets in India are presently trading on a strong note after the government eased curbs on most economic activities, even as the lockdown in containment zones was extended till June 30.

Further, positive momentum in Asian peers also supported gains in the domestic market. Asian shares pushed to three-month highs as progress on opening up economies helped offset jitters over riots in US cities and unease over Washington's power struggle with Beijing.

The BSE Sensex is trading up by 1,045 points, up 3.2%, while the NSE Nifty is trading up by 298 points.

The BSE Mid Cap index is trading up by 2.4%, while the BSE Small Cap index is trading up by 3.2%.

Shares of Bajaj Finance and Tata Steel gained over 8%, while Titan, M&M, and Axis Bank surged over 6%.

On the sectoral front, gains are largely seen in the realty sector, banking sector, and metal sector.

Gold prices are currently trading up by 0.7% at Rs 46,984.

The rupee is currently trading at 75.45 against the US$.

Speaking of the current stock market scenario, note that the coronavirus impact has shaken markets worldwide. After all, 2020 has already seen one of the worst market crashes in history.

Will the 2020 Market Crash Be Worse than 2009?

Naturally, there is an atmosphere of fear all round.

Is it time to sell stocks now? Will the correction get worse?

History has shown that after years like the one we had just now, the next 3 years are good for the markets. In fact, these corrections are the rare times when you find businesses with solid fundamentals at reasonable valuations.

If you can find good businesses that can survive the current crisis, you will do well in the long run.

Moving on, market participants are tracking Adani Power share price as the company said that its board will meet on June 3, to consider the proposal for voluntary delisting of the equity shares of the company received from Adani Properties Private ltd.

The shares of the company surged over 8% on back of the above announcement.

Apart from Adani Power, market participants are also tracking V-Guard Industries share price and Birla Cable share price as these companies are scheduled to announce their March quarter results (Q4FY20) later today.

In news from the consumer durables sector, shares of Voltas and Symphony rose over 6% today post-their result announcements.

Voltas reported a 12.5% year-on-year (YoY) increase in its consolidated net profit at Rs 1.6 billion while its revenue from operations grew over 1% at Rs 20.9 billion against Rs 20.6 billion in the year-ago period.

The company's profit before tax (PBT) came in at Rs 2.2 billion, up 30.7% from the year-ago quarter.

For the financial year ending on March 31, 2020, the company's total income grew 8%, at Rs 78.9 billion as compared to Rs 73.1 billion last year.

The company said that due to lockdown, substantial business in the unitary cooling products segment was lost in March 2020, which is the beginning of the peak season and year-end billings were adversely impacted.

Meanwhile, Symphony reported a consolidated net profit of Rs 450 million for Q4FY20.

For the full year, the company's net profit rose 84.2% to Rs 1.9 billion and sales rose 36.6% to Rs 7.2 billion.

Voltas share price and Symphony share price are presently trading up by 9.7% and 4%, respectively.

Moving on to news from the hotel's sector, shares of hotel companies rallied up to 20% intraday today as the government on Saturday said that restaurants, hotels, and other hospitality services would be allowed to function from June 8, along with shopping malls and complexes, as part of 'Unlock 1.0' strategy to resume economic activity.

Shares of Indian Hotels, Chalet Hotels, EIH, TajGVK Hotels & Resorts, EIH Associated Hotels and Shopper Stop are trading up in the range of 10-19%.

As part of its exit strategy, the government has outlined a plan to reopen nearly all activities outside of containment zones starting today.

Places of worship, hotels, restaurants and malls can resume business by June 8.