Sensex, Nifty’s Biggest Single-Day Gain Since 2009

• Benchmark indices gain the most since May 2009
• Nifty ends 8.8 percent higher at 8,792
• Nifty futures end at premium of 88.8 points
• Sensex ends 9 percent higher at 30,067
• Nifty Bank ends 10.5 percent higher, the most since May 2009 at 19,062
• Nifty Midcap Index ends 5.3 percent higher
• Nifty Smallcap Index ends 3.5 percent higher
• India Volatility Index falls 5.9 percent to 52
• All Sectoral Indices end with gains
• Nifty Pharma (Up 10.4 percent), Nifty FMCG (Up 8 percent) gain the most since May 2009
• Nifty Auto Index, up 9.4 percent, gains the most since September 2019
• Nifty Media, Nifty Metal gain 5.5 and 6.8 percent respectively
• IndusInd Bank ends as top Nifty gainer, up 25 percent
• All Nifty constituents end with gains
• 21 Nifty constituents end with gains of 10 percent and above
• 13 Nifty constituents end with gains between 5-10 percent
• 1,514 stocks end with gains while 331 end with losses

Indian equity markets began the truncated weak on a resounding note, staging their biggest one-day gain since May 2009.

The S&P BSE Sensex ended with gains of 8.9 percent at 30,041. All of the 30 constituents ended the day with gains while 14 of them gained over 10 percent.

The NSE Nifty 50 index too gained 8.7 percent to end at 8,792. All the 50 constituents of the index ended in the green, including Bajaj Finance and Finserv which traded with losses until the final hour of trade. 21 stocks ended with gains of 10 percent and above.

Among sectoral indices, all of them ended with gains led by the Nifty Bank (Up 10.3 percent) and Nifty Pharma (Up 10.2 percent). Nifty FMCG, I.T and Metal gained over 8 percent. Nifty Auto index too ended 9.6 percent higher.

1,516 stocks ended the day with gains while 329 bucked the trend to end with losses.

The company's Unit V - a high potent API and finished formulations manufacturing facility in Vishakhapatnam has received the EU GMP approval. GMP stands for Good Manufacturing Practices.

The approval is valid for a period of three years, the company said in an exchange filing.

The facility was inspected in January 2020 for good manufacturing practices of API and Oral solid dosage.

Shares gained as much as 12.6 percent to Rs 158.6 on the National Stock Exchange.

The company in a statement to the exchanges has mentioned that it will be premature to accurately predict the ultimate impact of the Covid-19 developments as it is an 'emerging and evolving' situation.

However, it has admitted that it will see some loss of sale in the fourth quarter due to the inner wear and athleisure not falling under the essential goods category. However, it expects sales to recover due to the strong brand recall, product quality and pent-up demand.

The release further states that the company has enough inventory to carry on in H1FY21 and that operations will resume as soon as the lockdown is lifted.

Shares trade with gains of 1.6 percent at Rs 16,763.

• Positional Buy On Nifty Bank around 18,800 for target of 20,100 and stop loss of 18,850
• Buy ICICI Bank for target of Rs 355 and stop loss of Rs 310
• Buy M&M around Rs 312 for target of Rs 340 and stop loss of Rs 304

• Nifty April futures add 19.2 percent in open interest and 18.45 lakh shares
• Nifty Bank April futures add 22 percent in open interest and 2.15 lakh shares

Nifty: April 9 Expiry

• 9,000 Call: Premium up 1,573 percent to Rs 82.80. The contract has shed 40,425 shares in open interest.
• 8,500 Call: Premium up 678 percent to Rs 341.45. The contract has shed 2.8 lakh shares in open interest.
• 8,600 Call: Premium up 833 percent to Rs 271.55. The contract has added 1.03 lakh shares in open interest.

Nifty Bank: April 9 Expiry

• 19,000 Call: Premium up 801 percent to Rs 525. The contract has shed 1.03 lakh shares in open interest.
• 19,500 Call: Premium up 851 percent to Rs 290. The contract has added 5,180 shares in open interest.
• 18,500 Call: Premium up 646 percent to Rs 820. The contract has shed 1.2 lakh shares in open interest.

• Benchmark indices gain most since 2009
• Nifty up 7.4 percent to 8,688
• Nifty futures trade at a premium of 105 points
• Sensex up 7.7 percent at 29,711
• Nifty Bank up 9.9 percent to 18,961
• Nifty Midcap Index up 4.9 percent
• Nifty Smallcap Index up 3.4 percent
• India Volatility Index down 4.2 percent to 53
• All sectoral indices trade with gains
• Nifty Pharma index up 10 percent, the most on record
• Nifty Auto, FMCG, I.T. and Metal index up 7 percent
• IndusInd Bank remains top Nifty gainer, up 20 percent
• 13 Nifty stocks trade with gains of over 10 percent
• Bajaj Finance (Down 2.5 percent) is the only Nifty laggard
• 1,519 stocks are advancing while 292 stocks trade with losses

Markets in Europe have opened with gains tracking positive cues from the Asia Pacific and in the U.S. Futures.

The Stoxx Europe 600 has opened positive with every major national gauge in the region advancing. Here's a look at how the benchmarks across Europe are faring:

• Euro Stoxx 50 up 3.5 percent to 2,894
• DAX up 4.5 percent to 10,524
• CAC up 3.6 percent to 4,501
• FTSE 100 up 3.2 percent to 5,762
• IBEX 35 up 3.4 percent to 7,078

• Manufactures bulk drugs and pharmaceutical formulations
• Trades at record high
• Biggest one-day gain since October 2008
• Up for 6 out of the last 7 trading sessions
• Gained as much as 15 percent to Rs 2,379 in today's session
• Up 30 percent in the last seven sessions
• Up 65 percent from 52-week low of Rs 1,441 made in July 2019
• Volumes at 2.6 times its 30-day average
• Is trading at a 69 percent premium as compared to peers on a blended forward price-to-earnings basis
• 22 out of the 36 analysts tracking the stock have a 'buy' recommendation
• The stock trades above its Bloomberg 12-month consensus price target of Rs 2,099

• Down for third straight day
• Trades at all-time low
• Down 10 percent in the last three sessions
• Down in eight out of the last 10 sessions
• Down 60 percent from 52-week high of Rs 402 on December 31, 2019
• Relative Strength Index of 26. Reading below 30 indicates stock is oversold.
• All 5 analysts tracking the stock have a 'buy' recommendation, as per Bloomberg
• Return potential for the stock as per Bloomberg data is 125.1 percent

Shares of the electricity generator and supplier are locked in a 10 percent upper circuit. It is among the top five gainers on the Nifty Midcap index.

HDFC Mutual Fund increased its stake in the company to 9.09 percent from 6.66 percent on March 31.

The stock is up for the second day in a row, after a 8 percent jump on Friday.

• Benchmark indices at day's high
• Nifty up 5.6 percent at 8,537
• Nifty futures trade at a premium of 45 points
• Sensex up 5.7 percent at 29,162
• Nifty Bank up 6 percent at 18,305
• Nifty Midcap and Smallcap index up over 3.5 percent
• India Volatility Index down 8 percent to 50.88
• All sectoral indices trade with gains
• Nifty Auto index up 4.9 percent
• Nifty FMCG, Nifty I.T., Nifty Metal Up 6 percent
• Nifty Pharma index up 9 percent, biggest ever one-day gain
• IndusInd Bank remains top Nifty gainer, up 15 percent
• Bajaj Finance (Down 5 percent) and Bajaj Finserv (Down 4 percent) remain the only Nifty laggards
• 1,455 stocks are advancing while 283 stocks trade with losses

• Locked in 5 percent lower circuit
• 20th straight lower circuit of 5 percent
• Longest ever losing streak
• Trades at lowest since April 2014
• Volumes at 0.7x its 30-day average
• Relative Strength Index at 14. Reading below 30 indicates stock is oversold
• Down over 70 percent this year

• Up for eight out of last nine trading sessions
• Up 24 percent in the last nine sessions
• Trades at highest level in a month
• All constituents trade with gains

The company shared its fourth quarter business update where it reported a 5 percent decline in the production of crude steel and flat rolled products. Production for long rolled products declined 4 percent.

One of India's largest steel producers, it has managed to achieve 97.3 percent of the revised production guidance of 16.5 million tonnes for FY20, it said in a press release. It attributed the shortfall to exceptional events like the Covid-19 outbreak.

The press release also added that the company is making all preparations to recommence operations at all locations on of the lockdown in the next few days.

Shares rose as much as 10 percent to Rs 154.75 on the National Stock Exchange, the biggest one-day gain since March 2013.

The Smart World and Communication division of L&T construction won an order from the Indian Army to establish a first-of-its-kind, state-of-the-art Unified Network Management System to manage, support and operate the countrywide Armed Forces Network, the company stated in a press release.

The project is to be implemented in the next 18 months, followed by three years of warranty.

The board of the company will also meet on April 9 to seek approval for raising funds including through issue of debt securities.

Shares rose as much as 5.2 percent to Rs 814.95. The stock is up for the second straight day.

Shares rose as much as 7.5 percent to Rs 705 on the National Stock Exchange after it launched the Mycophenolic Acid Delayed-Release Tablets USP in the U.S. Markets.

The company's alliance partner Concord Biotech got an approval from the U.S. FDA for the same. The launched drug had annual sales of approximately $156 million in the U.S. market.

The stock is now up for four out of the five trading sessions and has gained 27 percent during this period. Friday's 13 percent jump was the biggest ever for Lupin since 2003.

• Nifty April futures add 9.3 percent in open interest and 9 lakh shares
• Nifty Bank April futures add 18.5 percent in open interest and 1.81 shares

Nifty: April 9 Expiry

• 8,500 Call: Premium rises 107 percent to Rs 90.95. The contract has added 5.2 lakh shares in open interest.
• 8,000 Put: Premium falls 78.5 percent to Rs 38.85. The contract has added 2.25 lakh shares in open interest.
• 8,600 Call: Premium rises 91.2 percent to Rs 55.65. The contract has added 2.71 lakh shares in open interest.

Nifty Bank: April 9 Expiry

• 19,000 Call: Premium rises 67 percent to Rs 97.25. The contract has added 1.13 lakh shares in open interest.
• 17,000 Put: Premium falls 77.2 percent to Rs 111.75. The contract has added 2.14 lakh shares in open interest.
• 18,500 Call: Premium rises 90 percent to Rs 209. The contract has added 89,780 shares in open interest.

The stock is up for the third straight day today and is the top gainer on the Nifty Realty Index.

The real estate player in its fourth-quarter business updated reported a 20 percent drop in new sales volume. 73 percent of the total sales in the March quarter were from Bengaluru, according to the company.

The company in its press release stated that the sales volumes were impacted due to the 21-day lockdown announced by the government to combat the Covid-19 outbreak.

Shares rose as much as 10 percent to Rs 176.75. The stock has now risen 32 percent in the last three sessions and has rebounded over 50 percent from its 52-week low of Rs 117 made on March 30, 2020.

• Benchmark indices hold on to gains
• Nifty up 4.3 percent at 8,429
• Nifty futures trade at a premium of 11 points
• Sensex up 4.5 percent at 28,842
• Nifty Bank up 5.6 percent at 18,225
• Nifty Midcap and Smallcap Index up 3 percent each
• India Volatility Index down 6.5 percent to 51.68
• All sectoral indices trade with gains
• Nifty Auto, FMCG, Realty index gain over 4 percent
• Nifty I.T. and Nifty Pharma index up over 5.5 percent
• IndusInd Bank remains top Nifty gainer; up 17.2 percent
• Bajaj Finance (Down 3 percent) and Bajaj Finserv (Down 2 percent) are the only Nifty laggards
• 1,414 stocks are advancing while 241 stocks trade with declines

The Indian currency gained some strength on Tuesday, opening at 75.95 as against Friday's closing of 76.17. It went on to hit the day's high of 75.84 against the U.S. Dollar.

The rupee will now have truncated trading hours after RBI announced measures to curb volatility due to the Covid-19 outbreak. Trading will close at 2 p.m. until April 17.

Shares of the automobile company rose as much as 13.9 percent to Rs 319.70. This is the biggest one-day jump for the company since March 7, 2011. It is also the second highest gainer on the Nifty 50 index today.

The board of the company rejected an equity infusion of $406 million in SsangYong Motor Company. The management will now consider a one-time infusion of $32 million over the next three months to have continuity of business operations.

Shares were up for the second straight day, after a 3 percent surge on Friday.

Morgan Stanley has maintained its overweight rating on the stock with a price target of Rs 437.

Shares of the Mumbai-based private bank rose as much as 7.6 percent to Rs 876 on the National Stock Exchange after it reported a 21 and 24 percent growth in its advances and deposits respectively during the fourth quarter.

The lender in its fourth quarter business update also informed of the CASA ratio rising to 42 percent from 39.5 percent in the December quarter.

Shares snapped a two-day losing streak today. Its American Depository Receipt (ADR) ended 11 percent higher on Monday. It is also the top point contributor to the Nifty gains today.

Morgan Stanley has maintained its overweight rating on the stock with a price target of Rs 1,280.

Indian equity markets resumed after a long weekend, snapping a two-day losing streak to open with strong gains. Markets are tracking positive cues from Wall Street and Asia.

The S&P BSE Sensex opened with gains of 4.74 percent at 28,898. The index had fallen 6.5 percent in the last two sessions.

The NSE Nifty 50 too snapped a two-day losing streak, starting trade at 8,446, up 4.5 percent. The index had declined six percent in the last two sessions. All 50 constituents on the Nifty opened with gains.

All sectoral indices opened with gains led by the Nifty Bank which gained 7 percent. The Nifty Pharma index rose 5 percent while FMCG, I.T., Auto and Metal index saw gains of over 3 percent in opening trade.

1,168 stocks opened trade with gains while 165 stocks were declining.

• Buy Nifty above 8,350 for target of 8,560 and stop loss of 8,220
• Buy ACC for target of Rs 1,010 and stop loss of Rs 930
• Buy Cadila Healthcare for target of Rs 295 and stop loss of Rs 260

• If Nifty opens with a gap of around 200 points above 8,280; then buy for target of 8,445 and 8,605 with a stop loss of 8,080
• If Nifty Bank opens with a gap of around 400 points above 17,650; then buy for target of 17,970 and 18,310 with stop loss below 17,375
• Buy ITC for target of Rs 180 and Rs 184 with stop loss below Rs 173
• Buy Cipla for target of Rs 458 and Rs 463 with stop loss below Rs 443

• Bajaj Finance: AUMs in Q4 up 27 percent, the slowest in nearly 12 quarters
• HDFC Bank: Advances and deposits grow 21 and 24 percent respectively year-on-year.
• Kotak Mahindra Bank: Advances in Q4 rise 6.7 percent, current deposits up 10.5 percent while savings deposits up 31.3 percent. Interest rates on savings accounts for deposits above Rs 1 lakh cut to 5 percent.
• Godrej Properties: Bookings in the fourth quarter rise 10 percent year-on-year and 100 percent sequentially. Added five new projects during the quarter.
• IndusInd Bank: Advances rise 12.6 percent in the fourth quarter while deposits grow 4 percent. Moody's Investors Service places domestic and foreign currency issuer rating under review for a downgrade.
• Sobha: Reports 20 percent decline in new sales volume compared to last year. Total sales value fell 25 percent while share in total sales fell 22 percent.
• SBI Cards: Says that the retail discretionary spends have gone down significantly with Airlines, travel agents, hotels, railways, entertainment spends going down to nil.
• Lupin: Launches Mycophenolic Acid Delayed-Release Tablets USP in the U.S.
• Larsen And Toubro: Board to meet on April 9 to seek approval for raising funds including through issue of debt securities.

Find out all that you need to know going into today’s trading session here.

• Benchmark indices advance the most in two weeks
• The S&P 500 gained 7 percent in a late-session surge to end at the highest level since March 13.
• The DOw Jones surged 7.7 percent, the biggest rise in almost two weeks
• The MSCI All-Country World Index rose 5.5 percent to its highest level in more than three weeks.
• Yield on the 10-year treasury rose eight basis points to 0.67 percent
• West Texas Intermediate Crude fell 7.3 percent to $26.26 per barrel, the biggest fall in more than a week. The commodity is trading with gains in Tuesday's session.

Indian equity markets will resume trading after a three-day weekend today. This week will have only three trading sessions as markets will remain closed on Friday as well.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.41 percent to 8,496 as of 7:00 a.m.

Asian markets are up for the second day in a row on optimism that the Coronavirus epidemic may be waning in some key epicenters. Markets in Japan, South Korea and Australia are trading with gains between 1-2 percent.

The dollar has declined while the Aussie is advancing ahead of a policy decision from the Reserve Bank of Australia.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.