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IDFC First Bank Ltd fell for a fifth straight session today. The stock is quoting at Rs 35.1, down 4.49% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.76% on the day, quoting at 15882.2. The Sensex is at 53123.81, down 1.78%.IDFC First Bank Ltd has eased around 15.11% in last one month.Meanwhile, Nifty Bank index of which IDFC First Bank Ltd is a constituent, has eased around 9.73% in last one month and is currently quoting at 34693.15, down 2.52% on the day. The volume in the stock stood at 303.49 lakh shares today, compared to the daily average of 269.98 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 35.05, down 5.01% on the day. IDFC First Bank Ltd tumbled 35.24% in last one year as compared to a 8.21% rally in NIFTY and a 5.12% spurt in the Nifty Bank index.
The PE of the stock is 159.78 based on TTM earnings ending March 22.
For the full year,net profit declined 72.62% to Rs 132.31 crore in the year ended March 2022 as against Rs 483.18 crore during the previous year ended March 2021. Total Operating Income rose 7.54% to Rs 17172.68 crore in the year ended March 2022 as against Rs 15968.15 crore during the previous year ended March 2021.
IDFC First Bank Ltd fell for a fifth straight session today. The stock is quoting at Rs 40, down 0.12% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 1.1% on the day, quoting at 17144.65. The Sensex is at 57107.41, up 1.14%.IDFC First Bank Ltd has eased around 4.42% in last one month.Meanwhile, Nifty Bank index of which IDFC First Bank Ltd is a constituent, has increased around 1.01% in last one month and is currently quoting at 36341.6, up 0.11% on the day. The volume in the stock stood at 138.76 lakh shares today, compared to the daily average of 488.74 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 40.15, up 0.25% on the day. IDFC First Bank Ltd tumbled 21.88% in last one year as compared to a 19.01% rally in NIFTY and a 14.47% spurt in the Nifty Bank index.
The PE of the stock is 0 based on TTM earnings ending December 21.
Rs 3000 crore Tier II Bonds (Under Basel III) - CRISIL AA/Stable (Assigned)
Rs.2000 crore Tier II Bonds (Under Basel III) - CRISIL AA/Stable (Reaffirmed)
Rs.50000 crore Fixed Deposits - F AAA/Stable (Reaffirmed)
Rs.45000 crore Certificate of Deposits - CRISIL A1+ (Reaffirmed)
IDFC First Bank Ltd gained for a fifth straight session today. The stock is quoting at Rs 43.8, up 0.34% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.24% on the day, quoting at 18009.4. The Sensex is at 60375.82, down 0.39%. IDFC First Bank Ltd has risen around 9.23% in last one month.
Meanwhile, Nifty Bank index of which IDFC First Bank Ltd is a constituent, has risen around 16.65% in last one month and is currently quoting at 38635.2, down 0.76% on the day. The volume in the stock stood at 280.42 lakh shares today, compared to the daily average of 476 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 43.9, up 0.46% on the day. IDFC First Bank Ltd is down 20.8% in last one year as compared to a 22.65% spurt in NIFTY and a 17.97% spurt in the Nifty Bank index.
IDFC First Bank Ltd rose for a third straight session today. The stock is quoting at Rs 41.7, up 5.04% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.47% on the day, quoting at 17546.85. The Sensex is at 58855.7, up 0.49%. IDFC First Bank Ltd has dropped around 0.6% in last one month.
Meanwhile, Nifty Bank index of which IDFC First Bank Ltd is a constituent, has dropped around 4.47% in last one month and is currently quoting at 36373.6, up 1.6% on the day. The volume in the stock stood at 482.42 lakh shares today, compared to the daily average of 418.34 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 41.9, up 4.88% on the day. IDFC First Bank Ltd is down 23.2% in last one year as compared to a 19.87% gain in NIFTY and a 13.09% gain in the Nifty Bank index.
Further, Ind-Ra has also re-affirmed the rating/outlook of other debt instruments (Infra Bonds and NCDs) at ‘IND AA+/Negative'.
SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 36 points at the opening bell.
Global markets:
Overseas, Asian stocks are trading mixed on Wednesday following overnight comments from U.S. Federal Reserve Chairman Jerome Powell, who said he's resolved to raise rates until inflation comes down.
On the macro front, Japan's economy shrank 1% on an annualized basis in January-March as compared with the previous quarter, government data showed Wednesday.
Wall Street finished sharply higher on Tuesday, lifted by Apple, Tesla and other mega-cap growth stocks after strong retail sales in April eased worries about a slowing economic growth.
On the economic front, retail sales numbers came in about as expected. Consumer spending on retail rose 0.9% in April, according to the U.S. Census Bureau. Retail sales excluding autos rose 0.6% in April.
Domestic markets:
Back home, the benchmark indices ended with strong gains on Tuesday amid wide spread buying support. Strong global cues boosted investors sentiment. The S&P BSE Sensex jumped 1344.63 points or 2.54% at 54,318.47. The Nifty 50 index gained 417 points or 2.63% at 16,259.30.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,192.44 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,294.42 crore in the Indian equity market on 17 May, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 34.50 points at the opening bell.
Life Insurance Corporation of India will debut on the stock markets today after a blockbuster initial public offering (IPO) that garnered Rs 21,000 crore for the government.
Global Markets:
The US Dow Jones index futures were up 58 points, indicating a strong opening in the US stocks on Friday.
Asian shares advanced on Tuesday, boosted by some tech stocks and as investors evaluated China's efforts to stamp out a Covid outbreak.
Shanghai reported three days of zero community transmission, a milestone that could lead officials to start unwinding a growth-sapping lockdown.
In the US, the S&P dipped 0.39% on Monday. The Dow Jones Industrial Average saw a similar swing, although the 30-stock index eked out a 0.8% gain at the closing bell. The Nasdaq Composite, meantime, was the session's underperformer as the carnage in tech stocks continued.
Data on Monday showed factory activity in New York state slumped in May for the third time this year amid a collapse in new orders and shipments.
Domestic Equity Market:
The equity benchmarks ended with small gains on Monday. Value buying emerged after the market tumbled in the past six sessions. The barometer index S&P BSE Sensex rose 180.22 points or 0.34% to 52,973.84. The Nifty 50 index gained 60.15 points or 0.38% to 15,842.30. In the preceding six sessions, the Nifty fell 5.40% and the Sensex declined 5.22%.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,788.93 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,428.39 crore in the Indian equity market on 16 May 2022, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 34 points at the opening bell.
The US Dow Jones index futures were down 162 points, indicating a weak opening in the US stocks on Monday.
Asian shares were mixed on Monday as investors watched for Chinese economic data. China will report data on April's industrial production, retail sales, fixed asset investment and unemployment on Monday.
Markets in Singapore, Malaysia, Indonesia and Thailand are closed for a holiday on Monday.
US stock market witnessed a relief rally on Friday. The Dow rose 466.36 points, or 1.47%, while the S&P 500 climbed 2.39%. The Nasdaq Composite jumped 3.82% and posted its strongest one-day gain since November 2020. Still, all three averages posted losing weeks.
The domestic equity indices ended with modest losses on Friday, 13 May 2022. Sharp sell-off in the last hour of trade forced the equity benchmarks to pare all gains and edge lower. The barometer index, S&P BSE Sensex fell 136.69 points or 0.26% at 52,793.62 . The Nifty 50 index lost 25.85 points or 0.16% at 15,782.15.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,780.08 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,169.62 crore in the Indian equity market on 13 May 2022, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 176 points at the opening bell.
The US Dow Jones index futures were up 176 points, indicating a strong opening in the US stocks on Friday.
Asian shares edged higher on Friday after a late recovery helped US stocks cut losses overnight.
In China, Beijing officials denied the city will be locked down. Residents flocked to grocery stores amid growing concern the Chinese capital will step up curbs to fight a persistent Covid outbreak.
In the US, the S&P 500 and the Dow Jones bounced off the day's low to end slightly lower, but the Nasdaq eked out a modest gain on Thursday. Investors weighed signs of peaking inflation with fears that it could remain elevated. All three major U.S. stock indexes seesawed and the S&P 500 came within striking distance of confirming it entered a bear market.
The latest US data showed producer prices jumped 11% from April last year, signaling that consumer inflation could continue to stay high.
The domestic benchmark indices declined for the fifth straight day on Thursday, amid weak global cues. The sentiment was weak following the rate hike concerns, as well as the Ukraine war and the latest coronavirus lockdowns in China. The barometer index, S&P BSE Sensex fell 1,158.08 points or 2.14% at 52,930.31. The Nifty 50 index lost 359.10 points or 2.22% at 15,808. The 50-unit index has dropped 5.24% in five straight sessions.
Foreign portfolio investors (FPIs) sold shares worth Rs 5,255.75 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 4,815.64 crore in the Indian equity market on 12 May 2022, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could drop 155.50 points at the opening bell, tracking weak global cues.
Asian stocks were trading lower on Thursday as investors kept an eye on high inflation and tightening monetary policies. Adding to the uncertainty for investors are the war in Ukraine and Covid-19 lockdowns in China that threaten to hurt the global economy.
US stocks dropped overnight following the release of the U.S. consumer inflation data. The tech-heavy Nasdaq Composite tanked 3.18% while the broader S&P 500 shed 1.65%. The Dow Jones Industrial Average declined 1.02%.
The U.S. consumer-price index increased 8.3% in April from the same month a year ago, data released Wednesday showed, decelerating from an 8.5% annual rate in March.
The domestic equity benchmarks declined for the fourth straight session on Wednesday. The barometer index, S&P BSE Sensex fell 276.46 points or 0.51% at 54,088.39. The Nifty 50 index lost 72.95 points or 0.45% at 16,167.10. The 50-unit index has corrected 3.09% in four consecutive sessions. The broader market witnessed a major selloff with the Nifty Smallcap 100 index correcting 2.91%.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,609.35 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 4,181.20 crore in the Indian equity market on 11 May 2022, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 13 points at the opening bell.
Overseas, Asian stocks are trading mixed on Wednesday as investors watched for market reaction to the release of higher-than-expected Chinese inflation data for April. The producer price index (PPI) rose 8% year-on-year, the National Bureau of Statistics (NBS) said in a statement on Wednesday, following an 8.3% rise in March. Consumer inflation also rose more than expected. The consumer price index (CPI) gained 2.1% from a year earlier, the fastest pace in five months, speeding up from 1.5% growth in March.
In US, the S&P 500 and Nasdaq ended higher on Tuesday, with big growth shares rising after the previous day's selloff as Treasury yields tumbled. Bank shares fell along with yields.
Back home, the benchmark indices ended with minor cuts on Tuesday, sliding for the third trading session. The barometer index, S&P BSE Sensex fell 105.82 points or 0.19% at 54,364.85. The Nifty 50 index lost 61.80 points or 0.38% at 16,240.05.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,960.59 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,958.40 crore in the Indian equity market on 10 May, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 100 points at the opening bell.
Overseas, Asian stocks dropped to their lowest in nearly two years on Tuesday as investors shed riskier assets on worries about higher interest rates and their impact on economic growth
The S&P 500 ended below 4,000 for the first time since late March 2021 and the Nasdaq dropped more than 4% on Monday in a selloff led by mega-cap growth shares as investors grew more concerned about rising interest rates.
Back home, the benchmark indices ended with modest fall on Monday, extended losses for the second consecutive day. Weakness in global stocks weighed on investors' sentiment. The barometer index S&P BSE Sensex dropped 364.91 points or 0.67% at 54,470.67. The Nifty 50 index lost 109.40 points or 0.67% at 16,301.85.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,361.80 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,077.24 crore in the Indian equity market on 9 May, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 198 points at the opening bell.
Overseas, Asian stocks declined on Monday as investors look ahead to the release of Chinese trade data for April. Markets in Hong Kong are closed today for a holiday.
US stock indexes extended losses for a second day on Friday as elevated US Treasury yields dragged growth shares after stronger-than-expected jobs data amplified investor fears of bigger interest rate hikes to tame surging prices.
The Labor Department's report showed nonfarm payrolls increased by 428,000 jobs in April. Unemployment rate remained unchanged at 3.6% in the month.
Back home, the domestic equity barometers ended with steep cuts on Friday, tracking negative global cues. The barometer index, S&P BSE Sensex dropped 866.65 points or 1.56% to 54,835.58. The Nifty 50 index was down by 271.40 points or 1.63% to 16,411.25.
Foreign portfolio investors (FPIs) sold shares worth Rs 5,517.08 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,014.85 crore in the Indian equity market on 6 May, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could tumble 283 points at the opening bell.
Overseas, Asian stocks are trading lower on Friday after an overnight drop on Wall Street sent the Dow Jones Industrial Average to its worst day since 2020. Technology stocks in the region sold off, following the tech-heavy Nasdaq Composite's nearly 5% drop overnight stateside.
US stocks dropped sharply on Thursday amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be enough to tame surging inflation.
The focus now shifts to the U.S. Labor Department's closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.
In Europe, the Bank of England on Thursday raised interest rates to their highest level since the financial crisis and warned the economy is on course to shrink under pressure from double-digit inflation. The increase to 1% from 0.75% was backed by six of the bank's nine policy makers, with three voting for a 50-basis-point move.
Back home, domestic equity benchmarks ended with tiny gains on Thursday, tracking mixed global cues. The barometer index, S&P BSE Sensex rose 33.20 points or 0.06% to 55,702.23. The Nifty 50 index added 5.05 points or 0.03% to 16,682.65.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,074.74 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,229.31 crore in the Indian equity market on 5 May, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 146 points at the opening bell.
Overseas, Asian stocks are trading higher on Thursday after the U.S. central bank raised interest rates by 50 basis points but sounded a less hawkish tone than some had feared. Markets in Japan and South Korea are closed on Thursday.
China's services sector activity shrunk further in April, a private sector survey showed Thursday. The Caixin services Purchasing Managers' Index (PMI) declined to 36.2 for April, lower than March's reading of 42.
US stocks jumped sharply on Wednesday after the Federal Reserve raised rates by a widely anticipated half percentage point and Chairman Jerome Powell ruled out getting even more aggressive in the central bank's inflation-fighting campaign.
The U.S. Federal Reserve on Wednesday increased its benchmark interest rate by half a percentage point, in line with market expectations. The central bank also outlined a program whereby it will eventually cut its bond holdings by $95 billion a month. Fed Chair Jerome Powell emphasized the commitment to bringing inflation down, though he said a 75 basis points hike is “not something the committee is actively considering.”
Back home, domestic shares ended with steep losses on Wednesday, declining for the third straight day. The barometer index, S&P BSE Sensex dropped 1,306.96 points or 2.29% to 55,669.03. The Nifty 50 index lost 391.50 points or 2.29% to 16,677.60.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,288.18 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,338 crore in the Indian equity market on 4 May, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 94 points at the opening bell.
Meanwhile, subscription for the initial public offering (IPO) of insurance behemoth Life Insurance Corporation (LIC) of India has opened today and it will remain open for bidding till 9th May 2022. The IPO price band is Rs 902 to Rs 949 per equity share.
Overseas, Asian stocks are trading mixed on Wednesday, with investors looking ahead to the U.S. Federal Reserve's interest rate decision expected later stateside. Markets in Japan and mainland China are closed on Wednesday for holidays.
As per reports, the U.S. Federal Reserve is expected to raise interest rates Wednesday for the second time since 2018, boosting the fed funds target rate by a half-percentage point. The central bank is also expected to launch a program to reduce its massive bond holdings by $95 billion a month, starting in June.
Wall Street stocks ended higher on Tuesday after a choppy session in which each of the major indexes fluctuated between gains and losses as a key meeting of the Federal Reserve got under way.
Back home, the equity benchmarks ended with small losses on Monday, extending losses for the second day. The barometer index, S&P BSE Sensex declined 84.88 points or 0.15% at 56,975.99. The Nifty 50 index fell 33.45 points or 0.20% at 17,069.10. The domestic stock market remained closed on Tuesday, 3 May 2022, on account of Ramzan Eid.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,853.46 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,951.10 crore in the Indian equity market on 2 May, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 243 points at the opening bell.
On the macro front, the monthly collection under the Goods and Services Tax (GST) has peaked to an all-time high of Rs 1.68 lakh crore in April 2022, according to a statement by the Finance Ministry on 1 May 2022. GST collection in April was Rs 25,000 crore more than the collection in March.
India's eight core sectors grew by 4.3% in March, down from 6% in February, the commerce ministry said on 29 April 2022.
Overseas, Asian stocks are trading were lower on Monday, with data released over the weekend showing Chinese factory activity contracted in April. Markets in Hong Kong, mainland China, Singapore and Taiwan are closed on Monday for a holiday.
China's factory activity contracted at a steeper pace in April as Covid lockdowns hit industrial production. The official manufacturing Purchasing Managers' Index for April declined to 47.4, a second straight month of contraction following with March's reading of 49.5, data from the National Bureau of Statistics showed Saturday.
A private survey also showed contraction in Chinese factory activity, with the Caixin/Markit manufacturing PMI coming in at 46, declining from the previous month's reading of 48.1.
Wall Street slid on Friday to its deepest daily losses since 2020, as Amazon slumped following a gloomy quarterly report, and as the biggest surge in monthly inflation since 2005 spooked investors already worried about rising interest rates.
Back home, domestic equity benchmarks went into a tailspin during fag-end of the trade on Friday, dragged by weakness in Axis Bank, Reliance Industries and Infosys. The S&P BSE Sensex lost 460.19 points or 0.8% at 57,060.87. The Nifty 50 index fell 142.5 points or 0.83% to 17,102.55.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,648.30 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,490.30 crore in the Indian equity market on 29 April, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 79 points at the opening bell.
Overseas, Asian stocks are trading higher on Friday following big gains overnight on Wall Street. Markets in Japan are closed on Friday for a holiday.
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.
US economic growth fell 1.4% annualised in the first quarter of 2022, government data said Thursday. The data was far worse than the mild increase analysts had expected, and came after the economy had grown 6.9% in the final quarter of 2021.
Back home, domestic equity indices ended with robust gains on Thursday, tracking strong global cues. The barometer index, S&P BSE Sensex surged 701.67 points or 1.23% at 57,521.06. The Nifty 50 index rallied 206.65 points or 1.21% at 17,245.05.
Foreign portfolio investors (FPIs) bought shares worth Rs 743.22 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 780.94 crore in the Indian equity market on 28 April, provisional data showed.
Trading could be volatile as traders roll over positions in the F&O segment from the near month April series to May series. The April 2022 F&O contracts will expire today, 28 April 2022.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 21 points at the opening bell.
Overseas, Asian stocks are trading mixed on Thursday, as investors in the region look ahead to the Bank of Japan's latest monetary policy decision. Meanwhile, Chinese tech stocks rose, boosted by news to support the economy.
Investors in Asia-Pacific have been continuing to monitor developments surrounding the Covid situation in mainland China. Chinese President Xi Jinping on Tuesday called for an “all-out” effort to construct infrastructure. His comments come as mainland China has since March been facing its worst outbreak of Covid-19 since the initial shock of the pandemic in early 2020.
Japan's retail sales rose more than expected in March, according to government data released Thursday. Retail sales gained 0.9% in March as compared with a year earlier.
U.S. stocks edged higher in choppy trading Wednesday, clawing back some of their losses after selling off sharply a day earlier.
The US trade deficit in goods widened to a record high in March. The goods trade deficit jumped 17.8% to an all-time high of $125.3 billion. The increase likely reflected both higher volumes and prices. Imports of goods accelerated 11.5% to $294.6 billion. They were boosted by a 15.% surge in imports of industrial supplies, which include petroleum products.
Back home, domestic equity benchmarks ended a volatile trading session with modest losses on Wednesday. The barometer index, S&P BSE Sensex dropped 537.22 points or 0.94% at 56,819.39. The Nifty 50 index fell 162.40 points or 0.94% at 17,038.40.
Foreign portfolio investors (FPIs) sold shares worth Rs 4,064.54 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,917.51 crore in the Indian equity market on 27 April, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 205 points at the opening bell.
Overseas, Asian stocks are trading mixed in Wednesday after overnight losses saw the tech-heavy Nasdaq Composite sliding to a fresh low for 2022. China's industrial profits rose 8.5% year-on-year in the January-March period, official data showed Wednesday.
U.S. stocks fell sharply on Tuesday with shares selling off into the close, as investors dumped equities on fears of an economic slowdown.
Worries about the global economy loomed. Investors are worried about a Covid surge in China. Regarding the war in Ukraine, a top Russian official said the threat of nuclear war is real. Plus, high inflation in the U.S. is denting demand for goods from houses to sneakers.
Back home, the benchmark indices ended with strong gains on Tuesday, snapping a two-day losing streak. The barometer index, S&P BSE Sensex surged 776.72 points or 1.37% at 57,356.61. The Nifty 50 index jumped 246.85 points or 1.46% at 17,200.80.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,174.05 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,643.84 crore in the Indian equity market on 26 April, provisional data showed.