Share markets in India are presently trading on a strong note.

The BSE Sensex is trading up by 341 points, up 0.7% at 52,647 levels.

Meanwhile, the NSE Nifty is trading up by 89 points.

Infosys and TCS are among the top gainers today. IOC and Reliance are among the top losers today.

The BSE Mid Cap index is trading down by 0.3%.

The BSE Small Cap index is trading down by 0.1%.

On the sectoral front, stocks from the power sector, are witnessing most of the selling pressure.

On the other hand, stocks from the software sector, are witnessing most of the buying interest.

US stock futures are trading higher today, indicating a positive opening for Wall Street.

Nasdaq Futures are trading up by 35 points (up 0.3%) while Dow Futures are trading up by 91 points (up 0.3%).

The rupee is trading at 74.24 against the US$.

Gold prices are trading down by 0.4% at Rs 46,908 per 10 grams.

Gold prices in India remained weak near two-month lows in early trade today as futures on MCX fell 0.4% to Rs 46,881 per 10 grams.

In global markets, gold retreated below US$ 1,775, hurt by a stronger US dollar that made the precious metal more expensive for holders of other currencies.

Spot gold was down 0.2% at US$ 1,775 per ounce. Meanwhile, the dollar index held firm at a near 11-week high of 91.81 against its rivals.

Moving on to stock-specific news...

Among the buzzing stocks, today is Greaves Cotton.

Shares of Greaves Cotton continued their upward movement in early trade today after hitting an over four-year high on the bourses yesterday.

The share has been in focus after the Gujarat government announced its new electric vehicle (EV) policy.

The policy provides a purchase incentive of Rs 10,000/kWh for EVs with segment-wise limits set at Rs 20,000/kWh for two-wheelers, Rs 50,000/kWh for three-wheelers, and Rs 150,000/kWh for four-wheelers.

The state will also incentivize the setting up of charging stations via a capital subsidy of 25% or Rs 1 m, whichever is lower.

The revision in the FAME (II) policy and increasing the subsidy by 50% per KWh, is likely to accelerate electric two-wheelers sales for Ampere Vehicles, a subsidiary of Greaves Cotton.

Greaves e-mobility segment has seen higher growth momentum, with Ampere gaining popularity due to the rise in demand for its electric two-wheelers (electric scooters) and electric three-wheelers (electric rickshaws).

Ampere has more than half a dozen electric two-wheelers in its portfolio and could further gain market share with this policy.

How this pans out for the company remains to be seen. Meanwhile, stay tuned for more updates from this space.

At the time of writing, Greaves Cotton shares were trading up by 4.9% on the BSE.

Speaking of electric vehicles, note that the power ministry has approved setting up 2,636 electric vehicle charging stations across 62 cities in 24 states.

Moving on to news from the healthcare sector...

Apollo Hospital Trades in Red as March Quarter Profit Falls

Share of Apollo Hospitals Enterprises fell in early trade today after the company reported a 44% YoY fall in net profit for the March 2021 quarter.

The company reported a consolidated net profit of Rs 1.7 bn for the quarter against a consolidated net profit of Rs 2.1 bn in the same period last year.

The company also announced the country's "largest omnichannel digital health platform" by merging its online, offline pharmacy, and telemedicine verticals into a single entity called Apollo HealthCo.

Apollo transferred its back-end offline pharmacy business, digital healthcare platform Apollo 24/7, its retail pharmacy business, and the "Apollo 24/7" brand, into the healthcare group's 100% subsidiary Apollo HealthCo.

The platform will combine the strengths of Apollo Group's offline healthcare leadership with Apollo Group's new-age digital offerings to address all healthcare consumer needs, the company said.

We will keep you posted on more updates from this space. Stay tuned.