Due to positive signals from global markets, the Indian stock market had a strong start on April 27, in which Nifty was seen trading around 24,000. BSE Sensex gained 378.75 points or 0.49 per cent to 77,042.96, while Nifty 50 was trading 112.90 points or 0.47 per cent higher at 24,010.85. The market saw a total of 1896 recoveries with gains, 686 recoveries with decline and 199 recoveries with no change. Major gainers on Nifty included Sun Pharma, Adani Ports, Kotak Mahindra Bank, Eternal and JSW Steel. Axis Bank, Shriram Finance and Reliance Industries were prominent in the declining recovery.
There is movement in the shares of these companies
Among the 30 Sensex companies, shares of Sun Pharma rose more than 4 per cent. The company said that it will buy American company Organ & Company in an all-cash deal. The margin valuation of the company in this deal has been estimated at $ 11.75 billion. Adani Ports, Kotak Mahindra Bank, Tata Steel and Mahindra & Mahindra were also among the biggest gainers. Axis Bank, Bharat Electronics, Bajaj Finance and Reliance Industries were the biggest losers in the group of blue-chip companies.
Performance of companies included in BSE Sensex in early trade.
Top-5 gainer stocks in NSE
| symbol | LTP | shift | %shift | Volume (Lakh) | Value (₹ Crore) |
|---|---|---|---|---|---|
| SUNPHARMA | 1,736.00 | 115.60 | 7.13 | 98.34 | 1,679.52 |
| JSWSTEEL | 1,292.70 | 37.00 | 2.95 | 8.57 | 110.34 |
| ADANIPORTS | 1,630.80 | 45.70 | 2.88 | 14.29 | 232.59 |
| KOTAKBANK | 379.75 | 8.90 | 2.40 | 30.77 | 116.24 |
| WIPRO | 203.55 | 4.19 | 2.10 | 89.45 | 181.49 |
condition of asian markets
In Asian markets, South Korea’s Kospi index, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index were trading with gains. On Friday, American markets closed mostly with gains.
Rupee weakened by 11 paise
The rupee fell 11 paise to 94.27 against the US dollar in early trade. The rupee weakened by 11 paise to 94.27 against the US dollar in early trade on Monday. The main reason for this was the continuous demand for dollars and the increasing inclination of investors towards safe investments. Forex traders said that the Indian rupee is going through a difficult phase at the moment. It has been falling for five consecutive sessions. This is due to a combination of factors, such as the RBI relaxing currency norms and rising oil prices due to global tensions.
The rupee opened at 94.25 against the US dollar in the interbank foreign exchange market. After this it weakened a little further and touched the level of 94.27 in early trade. Thus, there was a decline of 11 paise in comparison to the previous closing price. On Friday, the rupee had closed at 94.16 against the American currency. Meanwhile, the dollar index – which measures the US dollar’s strength against a basket of six currencies – fell 0.09 per cent to 98.44.
Trend of Brent Crude and FIIs
Global oil benchmark Brent crude was trading 1.18 percent higher at $106.6 per barrel. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 8,827.87 crore on Friday. On Friday, the Sensex had fallen 999.79 points or 1.29 percent to close at 76,664.21. Nifty fell 275.10 points or 1.14 percent to close at 23,897.95.
