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India’s benchmark indices, Sensex and Nifty ended on a strong note with Nifty above 22,800. On April 11 amid buying across the sectors after US President Donald Trump put a 90-day pause on reciprocal tariffs for all countries except China. However, the 10 percent baseline tariff will remain the same.
At close, the Sensex was up 1,310.11 points or 1.77 percent at 75,157.26, and the Nifty was up 429.40 points or 1.92 percent at 22,828.55. About 3006 shares advanced, 807 shares declined, and 110 shares were unchanged.
The biggest Nifty gainers included Hindalco Industries, Tata Steel, JSW Steel, Coal India, and Jio Financial, while losers were TCS, Asian Paints, and Apollo Hospitals.
All the sectoral indices ended in the green, with the Metal index rising 4 percent, while Auto, Oil & Gas, Power, PSU, Telecom, and Pharma were up 2 percent each.
Broader indices ended higher, with the BSE midcap index rising 1.8 percent and the smallcap index adding 3 percent.
STOCKS TODAY
VIP Clothing
Shares of the company increased around 10 percent on April 11 after the company announced a partnership with Zepto, making its entry into digital and quick commerce. The chairman also said that this move has made them align perfectly with the mission and vision of their company.
Tata Steel
The shares of Tata Steel has rose around 5 percent. This is after the global brokerage JPMorgan highlighted 500 million euros in potential cost savings from the company’s transformation plans at its Netherlands operations. JP Morgan has retained its Overweight rating on the company with the target price of Rs 180 per share.
NBCC
Formerly known as National Buildings Construction Corporation, has increased nearly 2 percent on April 11, after the company released two positive updates on their sales. In an exchange filing, the company announced that it has successfully sold 560 residential units in Greater Noida through e-auction valued over Rs 1153 crore. The shares of the company closed at Rs 89 per share.
Hindustan Aeronautics Limited
The shares of HAL rose as much as 3 percent to Rs 4,142 per share on Friday, April 11 after domestic brokerage house Motilal Oswal started coverage on the state-run aerospace major with a ‘Buy’ rating and a target price of Rs 5,100.
Aurionpro Solutions Ltd
Shares of the software platform jumped over 15 percent to Rs 1,578 per share, following the company’s announcement of acquiring Hyderabad-based Fintra Software in a move aimed at strengthening its next-generation trade finance solutions for global banks. The company further stated that they have entered into an agreement to acquire a 100 percent stake in Fintra Software.
Source – Money Control
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