POST MARKET
Indian benchmark indices witnessed a pullback rally. The Nifty ended 195 points higher, while the Sensex was up by 639 points. Among sectors, almost all the major sectoral indices traded in positive territory, but the Pharma, Reality, and IT indices outperformed, rallying over 2 percent.
Sectorally, the rally was widespread, with healthcare, IT, realty, media, consumer durables, pharma, and power indices advancing nearly 2% each.
Broader markets outperformed, with the Nifty Midcap index rising 1.5% and the Smallcap index gaining 1.9%.
STOCKS IN NEWS
One 97 Communications
Stocks of One 97 Communications fall 0.83% Due to Reserve Bank of India on Friday cancelled the banking licence of Paytm Payments Bank Limited for non-compliance with norms, stating that its affairs were conducted in a manner detrimental to depositors.
Hindustan Zinc
Shares of Hindustan Zinc Ltd rose sharply on Monday, with the stock gaining over 6 percent after the company indicated that work on a potential demerger could begin in FY27. At around late afternoon trade on April 27, the Hindustan Zinc stock was trading at Rs 627.65, up 6.65 percent on the day.
One MobiKwik Systems
One MobiKwik Systems shares rose more than 11% reason behind MobiKwik Group has received an approval from the Reserve Bank of India for a non-banking financial company (NBFC) licence.
Larsen and Toubro
L&T said its wholly owned subsidiary L&T Realty Properties Ltd (LTRPL) has acquired a 100% stake in International Green Scapes Ltd (IGSL), Delhi. Through the transaction, LTRPL will gain access to 20 acres of land in Gurugram because of this Shares of L&T high around 1 percent
Source: Moneycontrol
