Sensex Rallies 558 Points, Nifty Ends Above 14,650; Hindalco & Tata Steel Surge Over 4%

Indian share markets extended gains as the session progressed and ended on a strong note.

Benchmark indices rallied for the second consecutive day today, bucking the weak trend in Asian share markets, helped by gains in metal, capital goods and energy stocks.

At the closing bell, the BSE Sensex stood higher by 558 points (up 1.2%).

Meanwhile, the NSE Nifty closed higher by 168 points (up 1.5%).

Hindalco and Tata Steel were among the top gainers today.

HDFC Life Insurance and SBI Life Insurance, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,652, up by 165 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended up by 1% and 1.6%, respectively.

On the sectoral front, gains were largely seen in the metal sector, capital goods sector, and energy sector.

Shares of Navin Fluorine and Deepak Nitrite hit their respective 52-week highs today.

Tech Mahindra and HDFC Life Insurance were among the top buzzing stocks today.

Asian stock markets ended on a negative note today.

Both, the Shanghai Composite and the Hang Seng ended on a flat note.

The Nikkei ended the day down by 0.5%.

US stock futures are trading on a flat note today with the Dow Jones Futures trading down by 29 points.

The rupee is trading at 74.65 against the US$.

Gold prices for the latest contract on MCX are trading on a flat note today at Rs 47,460 per 10 grams.

In news from the auto sector, Tata Motors was among the top buzzing stocks today.

On 27 April 2021, automobile major Tata Motors said that the lockdown enforced in various parts of the country is expected to impact vehicle demand temporarily.

The auto major also said it remains vigilant about the evolving Covid-19 situation and has scaled up efforts to enhance the well-being of its personnel and their supporting ecosystem.

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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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