Investors cheer as Sensex resumes uptrend gains 938 pts

The domestic share market indices traded on a positive note on Monday, tracking gains in banks and RIL and firm global cues. Easing geopolitical woes and strong corporate earnings have also aided sentiments on Dalal Street.At close, the Sensex was up 937.88 points or 1.27 percent at 74,668.04, and the Nifty was up 223.45 points or 1 percent at 22,643.40. About 1777 shares advanced, 1578 shares declined, and 133 shares unchanged.Highlights of trade:
●BSE shares tank 17%; Jefferies downgrades to hold,
●HCL Tech stock fall 4% post Q4 earnings,
●UltraTech Cement key corporate earning today
Maruti shares rise over 1% following Q4 show,
●Yes Bank shares surge over 7% post Q4 results,
●Yen sinks to 34-year low past 160 per dollar,
●Jio Financial plans to tap Stanchart Executive as unit CEO,
●ICICI Bank shares breach Rs 8 lakh crore m-cap,
●Nifty Bank hits record high
ICICI Bank, IndusInd Bank, SBI, UltraTech Cement and Axis Bank were the top gainers on the Nifty, while losers included HCL Technologies, Apollo Hospitals, Bajaj Auto, HDFC Life and LTIMindtree.
On the sectoral front, except realty, all other sectoral indices ended in the green with healthcare, metal, power, bank and oil & gas up 0.4-2 percent.The BSE midcap index was up 0.8 percent and the smallcap index ended flat.
Rupee Close:
On 29 April'24, the Indian rupee ended 13 paise lower to close at 83.47 against the US dollar on Monday amid a strong American currency overseas and withdrawal of foreign funds from domestic equity markets.However, positive sentiment in the domestic equity markets and retreating crude oil prices in international markets supported the Indian currency at lower level, forex traders said.
Trading Guide:
Market experts have recommended six shares to buy today-HUDCO, Voltas, Bajaj Auto, NHPC, RailTel, and Engineers India Ltd.

(Writer is a Finance Research Analyst, based in Gandhinagar, Gujarat)