European markets carried on the baton of the rally in global equity markets by rising for the third day in a row.

Sentiment remains risk-on with oil, auto and banking stocks leading the gains.

The Stoxx 600 index has opened 0.7% higher tracking positive cues from Asian markets which have ended mostly higher. Futures on the Dow Jones are trading higher by 140 points.

Brent Crude for the August contract continued to rebound, gaining 2.2% to $40.42 per barrel while gold declined 0.3% to $1,722.57/Oz.

• All plants, project sites are currently operating with reduced manpower.
• Partially resumed production and dispatches.
• Expect enquiries for the engineering segment to rise post easing of lockdown.
• Business picking up in the polymer segment in smaller towns.
• Business slow in larger cities due to higher containment zones.
• Cannot gauge future impact on operations with certainty
• Have applied for Covid-19 related special credit facilities offered by few bankers.
• Witnessing delay in collection of receivables.
• Servicing all debts and financial commitments when due.
• Will finalise capex plan based on the situation evolving.

Shares are off the day's high after gaining as much as 16.55% to Rs 33.8. Shares currently trade 8.1% higher at Rs 31.35.

• Top performing stock on the Nifty Midcap Index
• Locked in an upper circuit of 10% at Rs 31.9.
• Trading at the highest level in over three months
• Up for the sixth straight session
• Longest winning streak for the stock since October 2018
• Has not had a single session of decline in the last 11 sessions (Ended Unchanged on May 26, 2020)
• Has gained 62% in the last six trading sessions
• Today's volumes are 3.2 times higher than its 30-day average
• Stock in overbought territory with Relative Strength Index (RSI) at 87
• Trading above all of its key Daily Moving Averages (DMAs)

Two and three-wheeler maker Bajaj Auto has tied-up with HDFC Bank to facilitate retail financing solutions to its customers.

Customers of Bajaj Auto, under this tie-up can now access HDFC Bank's network to avail end-to-end digital processes and services.

Shares of Bajaj Auto are trading 1% higher at Rs 2,825 while those of HDFC Bank are trading 3% higher at Rs 1,030.

Both stocks are gaining for the seventh straight day. For HDFC Bank, this is the longest gaining streak since September 2017 while for Bajaj Auto, it is the longest since April 2019.

• Benchmark indices hold on to gains
• Nifty up 1.6% at 10,136
• Sensex up 1.5% at 34,325
• Nifty Bank up 3.4% at 21,214
• Nifty Midcap Index up 1.4%
• Nifty Smallcap Index up 2.3%
• India Volatility Index down 0.6% to 29.92
• Nifty I.T. remains the only sectoral laggard; down 0.2%
• Nifty PSU Bank is the top sectoral gainer; up 5%
• Nifty Realty, Nifty FMCG and Nifty Metal gain over 1.5%
• Nifty Pharma and Nifty Auto up over 1%
• Britannia remains the top Nifty gainer; up 6%
• Bharti Infratel remains the top Nifty laggard; down 2%
• 1,412 stocks on the NSE trade with gains while 316 decline