Sensex Zooms Over 600 Points, Dow Futures Down By 32 Points

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

The BSE Sensex is trading up by 616 points, up 1.3% at 49,560 levels.

Meanwhile, the NSE Nifty is trading up by 166 points.

Bajaj Finance and Eicher Motors are among the top gainers today. JSW Steel and Hindalco are among the top losers today.

The BSE Mid Cap index is trading up by 0.8%.

The BSE Small Cap index is trading up by 1%.

On the sectoral front, barring the metal sector, all sectors are trading in the green, with stocks from the automobile sector, witnessing most of the buying interest.

US stock futures are trading mixed today.

Nasdaq Futures are trading up by 7 points (up 0.1%) while Dow Futures are trading down by 32 points (down 0.1%)

The rupee is trading at 74.43 against the US$.

Gold prices are trading down 0.7% at Rs 46,951 per 10 grams.

Gold prices extended their losses to the fifth day in Indian markets amid weak global cues. On MCX, gold futures fell 0.3% to Rs 47,151 per 10 grams. In the previous session, gold prices had dipped 0.4%.

Note that after hitting a two-month high of Rs 48,400 last week, gold has been sliding, tracking a decline in global rates.

Moving on to stock-specific news...

Among the buzzing stocks, today is TVS Motor Company.

Shares of TVS Motor Company rallied 15% in early trade today after the two-wheeler maker posted better-than-expected results for the March quarter (Q4FY21).

The company's standalone net profit for the quarter ended March jumped almost fourfold to Rs 2.9 billion, helped by higher sales volume. The company's revenue from operations grew 53% year-on-year (YoY) to Rs 53.2 billion.

Two-wheeler sales of the company grew 41% in the domestic market and by 74% in the international market, surpassing the industry growth of 24% and 33% respectively, TVS Motor said in a statement on Tuesday, April 27, 2021.

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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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