POST MARKET
Indian equity indices ended with marginal gains in the volatile session on April 2, with Nifty above 22,700.
At close,
Sensex ↑ up 185.23 points or 0.25 percent at 73,319.55
Nifty ↑ up 33.70 points or 0.15 percent at 22,713.10.
About 2548 shares advanced, 1505 shares declined, and 147 shares remained unchanged.
Top gainers – HCL Technologies, Tech Mahindra, TCS, Tata Consumer, Wipro
Top losers – Eternal, Asian Paints, Eicher Motors, Bajaj Auto, and Sun Pharma.
Among sectors IT index rose 2.6%, realty up 1%, while auto, PSU Bank, oil & gas, pharma, and consumer durables shed 1% each.
Among the broader market indices, the Nifty Midcap index fell 0.3 percent, and the Smallcap index fell 0.4 percent.
STOCKS IN NEWS
Hindustan Petroleum Corporation
Shares of Oil Marketing Company (OMC) Hindustan Petroleum declined almost 3 percent, as escalating tensions in the region pushed crude oil prices sharply higher, raising concerns over a squeeze in refining and marketing margins.
Sun Pharmaceutical Industries
Pharma shares declined over 2 percent in Thursday’s trade after reports that the administration of US president Donald Trump may announce 100 percent tariffs on drugmakers that have not entered into agreements to ensure lower prices in the United States.
Hindustan Zinc
Shares of Hindustan Zinc declined over 1.5 percent, amid heightened geopolitical tensions in the West Asia region. This decline is also due to decrease in metal prices and Gold & Silver ETF prices.
Ola Electric Mobility
Shares of Ola Electric Mobility Ltd rallied over 9 percent on April 2. The gains came after the company announced a sharp price cut for its flagship electric motorcycle, the Roadster X+ 9.1 kWh, reducing the price by Rs 60,000.
Interglobe Aviation
Shares of InterGlobe Aviation Ltd parent company of Indigo, saw a really volatile day and ended over half a percent lower on Thursday as rising crude oil prices weighed on aviation stocks. This is due to a sharp rally in global oil prices, with Brent crude climbing above $107 per barrel.
Source – Moneycontrol
