After opening the day on a flat note, Indian share markets witnessed positive trading activity and ended higher despite mixed global cues.

Benchmark indices extended gains as the session progressed and ended on a firm note as buying returned in index heavyweight stocks.

At the closing bell, the BSE Sensex rallied by 437 points, up 0.8%. Meanwhile, the NSE Nifty jumped 105 points.

Reliance Industries, Bajaj Finserv, and Sun Pharma were among the top gainers today.

HDFC, HUL, and Power Grid, on the other hand, were among the top losers today.

The SGX Nifty was trading at 16,608, up by 100 points, at the time of writing.

The BSE Midcap index ended on a flat note while the BSE Smallcap index ended higher by 0.6%.

On the sectoral front, the energy sector, metal sector, and IT sector witnessed huge buying interest.

Automobile sector stocks, on the other hand, were among the hardest hit.

Shares of Blue Dart Express and Fine Organic Industries hit their respective 52-week highs today.

Greaves Cotton surged 14% today before erasing gains as the company's EV arm got a big bang investment.

M&M's share price is rising for the past couple of days on health earnings outlook.

Meanwhile, Dixon Technologies is not far behind as the company's shares continue their uptrend.

With stocks rising across the board, you must be excited to see that volatility has eased and things are going back to normal. Several Indian stocks have delivered multi-bagger returns in a span of one month.

But remember that not all are worthy. Many could be trading in uncharted territory and may be overvalued.

Asian share markets ended on a mixed note today. The Nikkei ended lower by 0.2% while the Hang Seng ended lower by 1.1%. The Shanghai Composite added 0.4%

US stock futures are trading in green indicating a positive opening for Wall Street indices with the Nasdaq Futures trading up by 72 points.

Gold prices for the latest contract on MCX are trading at Rs 50,788 per 10 grams.

The rupee is trading at 77.56 against the US$.

In news from the engineering space, shares of the engine manufacturing company, Greaves Cotton surged after the company announced fresh investments in the firm's electric vehicle (EV) arm.

Saudi Arabian firm Abdul Latif Jameel International has committed an investment of US$ 220 m in Greaves Cotton's EV arm, Greaves Electric Mobility.

The company has claimed it to be one of the largest single tranche growth capital investments in the Indian electric two-wheeler and electric three-wheeler sector.

The initial investment will be US$ 150 m for a 35.8% stake on a fully diluted basis in Greaves Electric Mobility. The post-money equity value for the EV subsidiary will be US$ 419 m.

Greaves Electric Mobility manufactures electric two-wheelers under the brand name Ampere Vehicles and electric three-wheeler vehicles under the brands Ele and Teja.

Greaves Cotton's share price ended 1.2% higher on the BSE today.

Speaking of EVs, have a look at the chart below which shows the massive opportunity in the two-wheeler EVs.

Moving on to news from the textiles space, Raymond was among the top buzzing stocks today.

The stock has surged 43.5% in one week as against a 3% gain in benchmark indices. In the past six months, the stock almost doubled after the company delivered strong quarterly performance consecutively for the last two quarters.

For the March 2022 quarter, the company reported over four-fold jump in its consolidated net profit to Rs 2.6 bn, helped by buoyant demand and strong consumer sentiments during the period.

Meanwhile, the company had posted a net profit of Rs 583 m during the quarter under preview.

The company capitalized on the brand's strength, and expansive network, and leveraged the spurt in demand across domestic and global markets.

Branded textile segment sales, which accounted for 45% of total sales, recorded a healthy 23% YoY growth, driven by strong momentum in secondary sales led by wedding-related purchases and higher footfalls in retail outlets.

Raymond's share price hit the 20% upper circuit today on the BSE and ended at its 52-week high levels.