Share Market LIVE: Sensex gains over 200 pts, Nifty tops 17,300; Maruti Suzuki in focus

Good morning!

Benchmark indices Sensex and Nifty rebounded over 1 per cent higher on Thursday, propelled by buying in index majors Reliance Industries, HUL and Infosys along with an overall positive trend in global markets. 

The 30-share BSE benchmark jumped 701.67 points or 1.23 per cent to end at 57,521.06. During the day, it zoomed 971.46 points or 1.70 per cent to 57,790.85 on the expiry of derivatives contracts. The NSE Nifty rallied 206.65 points or 1.21 per cent to 17,245.05. 

9:16 am: Market opening

Equity benchmark indices opened higher amid positive global cues. Sensex jumped 216 points to and Nifty was up 84 points at 

Tech Mahindra and Sun Pharma were the top gainers on Sensex, followed by Bajaj Finserv, Dr Reddy and Bajaj Finance.

9:00 am: Twitter misses quarterly revenue estimates

Twitter Inc , which has agreed to a $44 billion sale to Elon Musk, reported first-quarter revenue on Thursday that fell short of Wall Street estimates as advertising revenues slowed.

The company reported revenue of $1.2 billion, below analysts' average estimate of $1.23 billion, according to IBES data from Refinitiv.

Its net income rose to $513.3 million, or 61 cents per share, from $68 million, 8 cents per share, a year earlier.

The company also withdrew all previously provided goals and outlook, given the pending acquisition.

The company said daily active users rose to 229 million users in the first quarter ended March 31, from 199 million, a year earlier. Analysts on average had expected 226.8 million daily active users.

8:50 am:  FII and DII action

Foreign institutional investors (FIIs) bought shares worth Rs 743.22 crore on April 27, and domestic institutional investors (DIIs) purchased shares worth Rs 780.94 crore, as per provisional data available on NSE.

8:30 am: Global updates

Wall Street ended sharply higher on Thursday after a strong quarterly report from Meta Platforms lifted beaten down technology and growth stocks and offset worries about the US economy's contraction in the first quarter. The Facebook parent surged 17.6% after the social network reported a larger-than-expected profit and rebounded from a drop in users.

The Dow Jones Industrial Average rose 1.85% to 33,916.39 points, S&P 500 climbed 2.47% to end the session at 4,287.50 points. The Nasdaq gained 3.06% to 12,871.53 points.

Shares in Asia-Pacific climbed in Friday morning trade following big gains overnight on Wall Street as the Nasdaq Composite surged 3%. South Korea’s Kospi gained 0.27% while the S&P/ASX 200 in Australia advanced 0.46%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.26% higher.

8:15 am: SGX Nifty

The Indian equity market is likely to open on a positive note today as SGX Nifty was trading 53 points higher at 17,306.

The Singapore Stock Exchange is considered to be the first indication of the opening of the Indian market.

8:10 am: Market on Thursday

Benchmark indices Sensex and Nifty rebounded over 1 per cent higher on Thursday, propelled by buying in index majors Reliance Industries, HUL and Infosys along with an overall positive trend in global markets. 

The 30-share BSE benchmark jumped 701.67 points or 1.23 per cent to end at 57,521.06. During the day, it zoomed 971.46 points or 1.70 per cent to 57,790.85 on the expiry of derivatives contracts. The NSE Nifty rallied 206.65 points or 1.21 per cent to 17,245.05. 

Hindustan Unilever Limited, Asian Paints, NTPC, Power Grid, Larsen & Toubro, State Bank of India, Infosys, Axis Bank, and Reliance Industries were the top Sensex gainers, rising up to 4.55 per cent. Bharti Airtel, M&M, HCL Technologies and HDFC Bank were the only losers, falling up to 0.83 percent.     

BSE mid cap and small cap indices rose 203 points and 35 points, respectively.

Among BSE sectoral indices, consumer durables and banking shares closed in the green. The market breadth was negative with 1,656 shares ending higher against 1753 stocks falling into the red. 109 shares were unchanged.

Market cap of BSE-listed firms rose to Rs 269.47 lakh crore.