BSE

Equity markets will take cues from global trends and trading activity of foreign investors, while in the latter part of the week the first quarter earnings from IT majors TCS and HCL Technologies would guide investor sentiments, analysts said.

Bharat Rasayan shares jumped nearly 17 per cent a day after the company reported its financial results for the quarter that ended March 2024 post market hours.

IT major Infosys has been fined $3,142.02 (around ₹2.60 lakh) by the Texas Comptroller of Public Accounts, US. The penalty was imposed due to non-payment of sales tax for the period of April 2024, according to a regulatory filing.

BSE Sensex was up by 3.39 per cent or 2,507.47 points to 76,468.78, while the NSE Nifty was at 23,244.95 up by 3.17 per cent or 714.25 points at 3.30 pm.

NSE Nifty was up by 0.18 per cent or 41.55 points to 22,955, while the BSE Sensex was at 75,568 up by 0.21 per cent or 158 points.

Equity markets may witness a gradual up-move this week with some volatility as both election and earnings season are nearing their end, analysts said, adding that global trends and trading activity of foreign investors would hold significance in dictating investors' sentiment.

The merger between India INX and NSE IX, the two stock exchange arms of BSE and National Stock Exchange operating at the International Financial Services Centre, has been called off, more than a year after talks began.

Equity benchmark indices Sensex and Nifty closed marginally lower on Friday as investors booked profit in FMCG, IT and healthcare stocks after the BSE Sensex and Nifty hit fresh lifetime highs in intra-day deals.

Shakti Pumps (India) Limited’s shares rose 4.76 per cent after the company secured its 14th patent for a new motor technology. The patent, titled “Method and Apparatus for Soft Start, Soft Stop, Protection & Brown Out Operation of a Grid-Connected Motor,” was awarded by the Patent Office, Government of India, in accordance with the Patents Act of 1970. This patent is valid for 20 years from the date of filing.

The NSE Nifty was up by 0.35 per cent or 79.90 points at 22,677.70, while the BSE Sensex was at 74,640 up by 0.57 per cent or 419 points at mid-session on Thursday. Of a total of 3,792 stocks that were actively traded, 1,866 advanced, while 1,773 declined and 153 stocks remained unchanged, where 179 stocks hit a 52-week high and 25 stocks hit a 52-week low at 12 pm on the BSE.