The Indian markets managed to inch higher in a volatile session, in continuation to the prevailing positive tone. The seventh straight rise in the benchmark indices was propelled by robust buying in metal, bank and financial stocks amid a firm trend in global equities and continuous foreign capital inflows.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The BSE Sensex rose 311.21 points or 0.52 per cent to finish at 60,157.72. As many as 21 stocks in the index ended in the green and nine in the red. While the NSE Nifty50 gained 98.25 points or 0.56 per cent to settle at 17,722.30. A total of 38 Nifty shares gained, while 12 declined.

"Nifty rose for the seventh consecutive session on April 11 helped by positive global cues. Asian and European markets mostly rose on Tuesday after an Easter break with the focus now turning to the release of US inflation data later in the week," said Deepak Jasani, Head of Retail Research, HDFC Securities.

Most of the sectors traded in line and posted decent gains. However, a dip in IT majors ahead of earnings capped momentum. Meanwhile, continued recovery on the broader front added to positivity.

According to Ajit Mishra, VP - Technical Research, Religare Broking, “Nifty has crossed 17700 but sustainability would be the key now to test 18,100+ zone.”

“A lot would depend on how the earnings season pans out. Amid all, we recommend continuing with the " buy on dips" approach with focus on stock selection and risk management,” he added.

Stay tuned to Zeebiz.com to find out what could impact your trade today. We have collated a list of the top 10 news points which could impact markets, companies, or the economy:

Global Markets:

US stock markets ended mixed on Tuesday, losing steam late in the session as investors awaited crucial inflation data and the unofficial kick-off of the first-quarter reporting season.

The Dow Jones Industrial Average (.DJI) rose 98.27 points, or 0.29 per cent, to 33,684.79; the S&P 500 (.SPX) lost 0.17 points, essentially flat, at 4,108.94; and the Nasdaq Composite (.IXIC) dropped 52.48 points, or 0.43 per cent, to 12,031.88.

US dollar dipped on Tuesday as investors waited on inflation data for further signs of whether price pressures are ebbing and what it means for further Federal Reserve interest rate hikes.

The dollar index fell 0.26 per cent to 102.20. The euro gained 0.41 per cent to $1.0906.

Oil rises nearly 2%

Crude oil prices in the international market grew about 2 per cent on Tuesday amid hopes that the Federal Reserve might ease up on its policy tightening after a key US inflation report this week, though concerns remain over Chinese demand.

TCS is slated to announce its fourth quarter result (Q4FY23) on Wednesday (April 12).

Zee Business research expects the company to report a 1.7 per cent rise in its revenue in rupee terms on a sequential basis to Rs 59,200 crore while the revenue in dollar terms is estimated to rise 1.8 per cent to $720.2.  PAT is expected to rise 6.9 per cent to Rs 11,600 crore against Rs 10,846 crore reported in Q3FY23.

FII & DII Data:

Foreign portfolio investors (FPIs) remained net buyers for Rs 342.84 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net sellers to the tune of Rs 264.02 crore on Tuesday, provisional data showed on the NSE.

(With inputs from PTI, Reuters and other agencies)