Ethanol maker BCL Industries shares zoom around 5% amid firm buying

Share of ethanol maker BCL Industries jumped around 5 per cent to hit an intraday high of Rs 60.14 on Monday. The counter had closed at Rs 57.35 in the last trading session. Last seen, it was trading firmly in green at Rs 59.84 

Meanwhile, Indian stock indices started the fresh week in the green, carrying over positive momentum from the past week's closing, possibly due to fresh buying on dips.

Last week, the Indian stock market nosedived into negative territory with continued selling for the fifth session till Friday morning, succumbing to the escalating geopolitical tensions between Iran and Israel. Making a strong comeback from the early losses, Indian stock indices closed the day and the week's trading on a high on Friday.

In the near term, Shrikant Chouhan, Head Equity Research, Kotak Securities said market participants will keep a tab on the geopolitical developments and the impact of that on equity markets and commodities including oil and gold.

Volatility returned in Indian stock markets after a smooth rally at the start of April. The current volatility is primarily driven by Foreign Portfolio Investor (FII) selling activity. Foreign portfolio investors (FPIs) have turned net sellers in Indian stocks lately, as the ongoing geopolitical crisis in the Middle East likely pushed investors to take money off their portfolios.