Sensex Ends 296 Points Higher; Coal India, UPL & Hindalco Surge Over 6%
Closing

Indian share markets witnessed positive trading activity throughout the day today and ended higher.

Benchmark indices held on to their gains and ended higher today, tracking global cues and amid gains in pharma and metal stocks.

At the closing bell, the BSE Sensex stood higher by 296 points (up 0.6%).

Meanwhile, the NSE Nifty closed higher by 119 points (up 0.8%).

Coal India and UPL were among the top gainers today.

Shree Cements and Britannia, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,988, up by 120 points, at the time of writing.

Both, the BSE Mid Cap index and the BSE Small Cap index ended up by 0.9%.

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Sectoral indices ended on a positive note with stocks in the metal sector, healthcare sector and capital goods sector witnessing most of the buying interest.

Glenmark Pharma and Tata Steel hit their respective 52-week highs today.

Avenue Supermarts and HDFC were among the top buzzing stocks today.

Asian stock markets ended on a positive note today.

The Hang Seng ended the day on a flat note, while the Shanghai Composite ended the day up by 0.3%. The Nikkei ended up by 0.6% in today's session.

US stock futures are trading on a positive note today with the Dow Futures trading up by 64 points.

The rupee is trading at 73.35 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.4% at Rs 47,930 per 10 grams.

Speaking of stock markets, Brijesh Bhatia, Research Analyst at Fast Profits Report, shares his secret to find breakthrough stocks, in one of his videos for Fast Profits Daily.

Tune in here to find out more:

In news from the cement sector, UltraTech Cement was among the top buzzing stocks today.

Shares of UltraTech Cement dipped over 2% after the company announced a 45.2% fall in consolidated net profit for the fourth quarter ended March 2021.

Aditya Birla Group company UltraTech Cement on Friday reported a decline in consolidated net profit to Rs 17.7 billion for the fourth quarter ended March 2021 on account of reversal of deferred tax liabilities.

The leading cement producer had posted a net profit of Rs 32.4 billion in the January-March quarter a year ago.

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For the fiscal year 2020-21, UltraTech Cement's net profit slipped 5% to Rs 54.6 billion as against Rs 57.5 billion in the previous fiscal.

According to a regulatory filing by the company to the stock exchanges, UltraTech Cement's revenue from operations stood at Rs 144.1 billion in the March quarter.

The company's revenue registered a growth of 32% year-on-year (YoY), as the revenue from operations reported in the same quarter previous fiscal year was Rs 108.5 billion.

However, revenue from operations rose 5.4% to Rs 447.3 billion for the financial year 2020-21. It was Rs 424.3 billion in 2019-20.

UltraTech Cement's earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at Rs 37.5 billion for the quarter ended March 2021, compared to Rs 26.5 billion in the corresponding period of the previous fiscal year.

The consolidated EBITDA for the whole year 2021 stood at Rs 123 billion, up 24%, compared to Rs 99 billion reported in the previous fiscal year.

Total expenses were at Rs 117.9 billion, up 22.9% from Rs 95.9 billion earlier.

According to the statement, UltraTech Cement said that the recovery from Covid-19 led disruptions to the economy during the fiscal year 2020-21 was rapid.

The 'overheads control programme', prudent working capital management and control on cash flows were the main drivers, aided by quick revival of demand and supply side restoration.

All of these have resulted in the company's superlative performance, even during such trying times. It achieved an effective capacity utilisation of 93% during the quarter.

For the year ending March 31, the company's board of directors has recommended an equity dividend of Rs 37 per share.

UltraTech Cement share price ended the day down by 1.2% on the BSE.

Moving on to news from the auto ancillaries sector...

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Amara Raja Batteries Resumes Operations in Andhra Pradesh

Amara Raja Batteries (ARBL) has kick-started production at its manufacturing facilities located at Andhra Pradesh immediately after receiving High Court orders that suspended the Andhra Pradesh Pollution Control Board (APPCB) orders to close its plants.

Global asset management firm Brookfield-backed ARBL was under investors' focus last week after APPCB ordered the company to shut its plants at Nunegundlapalli and Karkambadi at Chittoor district of Andhra Pradesh.

The company is the second largest battery maker in India. Batteries and power units produced by it caters to critical sectors like hospitals, defence and telecom.

With a workforce of over 11,000 employees, it asked its employees to immediately embark to resume production on Friday evening itself.

According to a leading financial daily, ARBL is the second largest supplier of batteries in India and a shutdown could disrupt production for the entire auto sector. In case the closure extends, there is risk of shortage of batteries, Pan-India, across original equipment manufacturer (OEM), replacement and industrial segments.

Note that shares of Amara Raja fell more than 10% to close at Rs 780 after the news of plant shutdown hit the market. It had touched a 52-week high of Rs 1,025 in January this year.

Amara Raja Batteries share price ended the day up by 1.1% on the BSE.

Speaking of the stock markets, a right investing process can help you win in the long term. It might offer some unexpected and undesirable results in the short term but lets you fare well when you average the outcomes.

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Her smallcap service Hidden Treasure has had its fair share of failures. But sticking to a disciplined process meant that Hidden Treasure's internal rate of return (IRR) increased to 24.38% since inception. This compares favorably to the IRRs of 9.6% for the Sensex, and 8.8% for the smallcap index in the same period (February 2008 - June 2020) as can be seen in the chart below.

The service's performance did suffer in the short term after the 2018 crash in smallcaps. However, the long term track record and the post Covid rebound underscores the strength of stock picking process.

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To know what's moving the Indian stock markets today, check out the most recent share market updates here.


Sensex Trades Over 300 Points Higher, Dow Futures Up by 86 Points
12:30 pm

Share markets in India are presently trading on a strong note.

The BSE Sensex is trading up by 379 points, up 0.8% at 49,585 levels.

Meanwhile, the NSE Nifty is trading up by 131 points.

Coal India and Hindalco are among the top gainers today. Shree Cement and UltraTech Cement are among the top losers today.

The BSE Mid Cap index is trading up by 0.9%.

The BSE Small Cap index is trading up by 1.1%.

On the sectoral front, stocks from the metal sector, are witnessing most of the buying interest.

On the other hand, stocks from the software sector, are witnessing most of the selling pressure.

US stock futures are trading mixed today.

Nasdaq Futures are trading down by 36 points (down 0.3%) while Dow Futures are trading up by 86 points (up 0.3%)

The rupee is trading at 73.38 against the US$.

Gold prices are trading up by 0.4% at Rs 47,925 per 10 grams.

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Gold prices were trading higher in domestic markets in early trade today following a positive trend in international spot prices which were hovering near a three-month high.

On the Multi-Commodity Exchange (MCX), June gold contracts were trading higher by 0.1% at Rs 47,793 for 10 grams.

Speaking of the precious yellow metal, how lucrative has gold been as a long-term investment in India?

The chart below shows the annual returns on gold over the last 15 years...

As you can see, barring just two years - 2013 and 2015, gold has delivered positive returns in 13 of the last 15 years.

The recent price volatility in the bullion market has rattled many traders. Even with the recent volatility in prices, gold remains among the best performing commodities this year to combat the fallout from the coronavirus pandemic.

To know more about gold, check out our article on how to invest in gold here: How to Invest in Gold?

Moving on to stock specific news...

Among the buzzing stocks today is Ajanta Pharma.

Drugmaker Ajanta Pharma has lined up a capex plan of Rs 2.5 bn for the current fiscal as it looks to expand its corporate office and production facilities.

The Mumbai-based drug maker operates eight manufacturing facilities in India and Mauritius, including two plants that have been approved by the US Food and Drug Administration (USFDA).

"During the current year (FY22), we are estimating the capex to be in the vicinity of Rs 2.5 bn. It will largely go towards maintenance and some new expansions for the corporate office and some key expansions in the facility," Ajanta Pharma Managing Director Yogesh Agrawal said in an analyst call.

The company had earmarked a capex plan of Rs 1.5 bn for FY20.

Agrawal noted that Rs 300 m was invested in the expansion of the corporate office last year, and this year it is going to be in the range of Rs 600-800 m.

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Ajanta Pharma currently employs over 7,000 people worldwide and its products are sold in over 30 countries, including in the US, the world's largest market for pharmaceutical products.

When asked about the company's business plans in the US, Agrawal said, "Right now, we are giving out the guidance of 10 to 12 filings and correspondingly we should be able to fructify and launch in the market."

He further said, "As you know, last year it was a very hard lockdown, so because of that the research and development (R&D) was shut for five months and that is the reason we see those reflecting in the abbreviated new drug application (ANDA) filings for the current year or rather last year. But we believe we have made good progress during the last 5-6 months and currently also, our R&D is operating, if not at a full capacity, but at a reasonably good capacity."

The company believes that its ANDA filings will pick up in the current year and it would try to come as close to the target of 10 to 12 per year, Agrawal said.How this pans out remains to be seen. Meanwhile, stay tuned for more updates from this space.

At the time of writing, shares of Ajanta Pharma were trading down by 0.7% on the BSE.

Speaking of stock markets, Brijesh Bhatia, Research Analyst at Fast Profits Report, shares his secret to find breakthrough stocks, in one of his latest videos for Fast Profits Daily.

Tune in here to find out more:

In news from the automobile sector...

Covid-19 Impact: Maruti Suzuki Extends Production Shutdown till 16 May

India's largest car manufacturer Maruti Suzuki has decided to keep its production facilities suspended for another week. The shutdown, which was announced as the country battled against the rising number of cases during the second wave of Covid-19, was to end on Monday (9 May), according to Maruti's original plan.

Maruti Suzuki has not given any reason behind the decision to extend the shutdown at its facilities. However, given that Haryana remains one of the worst-affected states due to the virus, Maruti would put the safety of its own workers as a priority before resuming operations.

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Maruti has termed this shutdown as 'planned maintenance' like some of the other carmakers in the last few days.

The company had earlier announced that it will stop producing cars in the company's plants in Haryana for the first nine days of the month to make oxygen available for the healthcare and medical sector. The carmaker said that it uses a small amount of oxygen in its factories which can be channelized to address the oxygen crisis in the Delhi-NCR region.

Besides, it also said that the manufacturers of components use a much larger quantity of oxygen at their plants.

Maruti Suzuki also fears that demand for its cars may go down due to the ongoing Covid-19 restrictions across the country. Earlier this month, the company had reported that its production had shrunk by at least 7% in April, compared to March 2021. It manufactured 159,955 units against 172,433 units it produced a year ago.

RC Bhargava, Chairman of Maruti Suzuki India, recently said in an interview that the carmaker may think about reducing production capacity under the current circumstances. He had said that the problem is on the "sales side because in several states there is a partial lockdown and there's a curfew in some states and the dealers who sell the cars are having to close down."

The ongoing Covid-19 crisis seems to be pushing the auto industry back after it began recovering from the slowdown last year due to strict lockdown for months. The Indian auto sector is now bracing for further fallout from the recent surge in cases.

We will keep you posted on updates from this space. Stay tuned.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.


Sensex Opens 350 Points Higher; Dr Reddy's Lab & Tata Steel Top Gainers
09:30 am

Asian stock markets rose today amid speculation that interest rates will remain low due to receding inflationary pressure.

The Nikkei is trading up by 0.6% while the Shanghai Composite is up 0.1%. The Hang Seng gave up early gains and is presently trading down by 0.5%.

In US stock markets, a lacklustre monthly jobs report sparked a rebound in technology shares and other growth stocks on Friday, helping send the S&P 500 and Dow Jones Industrial Average to fresh record highs. The milestones marked the respective indexes' 26th and 24th record closes of 2021.

The monthly jobs report showed employers added 266,000 jobs in April and the unemployment rose to 6.1%.

The Dow Jones Industrial Average rose 229 points, or 0.7% to 34777.76, while the Nasdaq added 119 points or 0.9%.

For the week, the Dow gained 903 points, or 2.7% while the Nasdaq fell 1.5%.

Back home, Indian share markets have opened on a positive note, following the trend on SGX Nifty.

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A total of 22 firms, including Chambal Fertilizers, Venky's, JMC Projects and Zydus Wellness are slated to post their quarterly numbers today.

The BSE Sensex is trading up by 352 points. Meanwhile, the NSE Nifty is trading higher by 120 points.

Dr Reddy's Lab is among the top gainers today. UltraTech Cement, on the other hand, is among the top losers today.

The BSE Mid Cap index and the BSE Small Cap index have opened up by 0.6% and 0.9%, respectively.

All sectoral indices are trading in green with stocks in the metal sector and healthcare sector witnessing most of the buying interest.

Shares of Vaibhav Global and Tata Steel hit their 52-week highs today.

The rupee is trading at 73.34 against the US$.

Gold prices are trading up by 0.1% at Rs 47,800 per 10 grams. Meanwhile, silver prices are trading up by 0.9% at Rs 72,037 per kg.

Gold hovered near three-month highs hit last week after weaker-than-expected US jobs data cemented hopes that interest rates will stay low for some time, pressuring the dollar and boosting bullion's appeal.

Speaking of gold, in one of his videos for Fast Profits Daily, Brijesh Bhatia talks about gold and silver. He talks about which asset would be the better choice from a short-term trader's point of view.

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At Equitymaster, we have been bullish on gold and silver as investments for a long time now. But what about trading?

Brijesh answers this question by analyzing both assets separately and together, in three charts.

Tune in to the video below to find out more:

In news from the retail sector, Avenue Supermarts is among the top buzzing stocks today.

Avenue Supermarts, which owns the hyper-retail chain DMart, on Saturday reported a 53% year-on-year (YoY) jump in its consolidated net profit at Rs 4.1 bn for the March quarter (Q4FY21).

The chain of hypermarkets had reported a net profit of Rs 2.7 bn in the corresponding quarter of last year.

Total revenue for the quarter stood at Rs 74.1 bn, as compared to Rs 62.6 bn in the same period last year.

Earnings before interest, tax, depreciation and amortization (EBITDA) in Q4FY21 stood at Rs 6.1 bn, as compared to Rs 4.2 bn in the corresponding quarter of last year.

Total expenses were reported at Rs 69.2 bn, up 16.1% YoY.

For the financial year ended 31 March 2021, the company reported a 13.7% YoY decline in net profit at Rs 11.7 bn, hit by the coronavirus pandemic.

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While total revenue declined 3.6% to Rs 237.9 bn, EBITDA also fell 17.9% to Rs 17.4 bn in FY21.

Avenue Supermarts share price has opened the day up by 1.1%.

Moving on to news from the FMCG sector, consumer goods giant Hindustan Unilever (HUL) said it will provide 4,000 oxygen concentrators to India to help meet the medical oxygen requirement of home-bound patients and hospitals amid the devastating second wave of Covid-19.

The company, which will be putting in Rs 300 million in this initiative, has partnered with KVN Foundation and home healthcare company Portea Medical to put them to use.

Portea will have access to 3,000 concentrators, which will be provided free of charge to patients.

The remaining will be donated by HUL to hospitals at some 20 locations across the country, the company said in a statement.

Note that India is facing severe shortage of oxygen cylinders and concentrators in the grip of a deadly second wave of Covid-19. Most hospitals are working over capacity and are having to turn back patients due to shortage of beds and oxygen.

"The entire Unilever family is rallying together to support India in this moment of crisis by helping secure oxygen concentrators which are in severe short supply," said Sanjiv Mehta, chairman of HUL.

Apart from this, HUL is also covering the cost for vaccination of 300,000 people, including those who work for suppliers and distributors, and has set up isolation facilities at its 30 manufacturing units.

Last year, the FMCG major had committed Rs 1 billion to support the communities impacted by the coronavirus pandemic.

HUL share price has opened the day up by 0.7%.

Here's an interesting data on HUL, between 2002 to 2010, HUL's stock price went nowhere...have a look at the chart below:

A Journey of No Returns in a So Called Safe Stock

The stock was basically in an 8 year coma. The returns could barely even make up for the inflation.

However, over the 2010 to 2020 period, HUL delivered a whopping return of 30% CAGR!

Back in November 2020, Rahul Shah had recorded a video on why you should skip stocks like Nestle and HUL.

In the video, Rahul Shah discussed why he preferred a little known stock over HUL and how he was proven right.

You can watch the video here: Don't Let Brokerages Fool You into Buying HUL & Nestle. The Real Money is in These Stocks Right Now...

To know what's moving the Indian stock markets today, check out the most recent share market updates here.


SGX Nifty Trades 136 Points Higher; Indicates Gap-Up Opening for Indian Stock Markets
SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:05 am, it was trading up by 136 points, or 1% higher at 15,005 levels.

Trends on SGX Nifty indicate a firm opening for Indian stock markets.

Asian stock markets rose today amid speculation that interest rates will remain low due to receding inflationary pressure.

US nonfarm payrolls data on Friday showed jobs growth unexpectedly slowed in April, which gave equities a lift but put downward pressure on the dollar and US Treasury yields.

The Hang Seng is trading up by 0.2% while the Nikkei is up 0.8%. The Shanghai Composite reversed early losses and is presently up 0.1%.

In US stock markets, a lacklustre monthly jobs report sparked a rebound in technology shares and other growth stocks on Friday, helping send the S&P 500 and Dow Jones Industrial Average to fresh record highs. The milestones marked the respective indexes' 26th and 24th record closes of 2021.

The monthly jobs report showed employers added 266,000 jobs in April and the unemployment rose to 6.1%.

The Dow Jones Industrial Average rose 229 points, or 0.7% to 34777.76, while the Nasdaq added 119 points or 0.9%.

For the week, the Dow gained 903 points, or 2.7% while the Nasdaq fell 1.5%.

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European stock markets closed at a record high on Friday, marking strong weekly gains as positive economic data and upbeat earnings underpinned hopes of a swift economic recovery from the pandemic.

US stock futures are trading higher today with Dow futures trading up by 114 points while Nasdaq futures are up 37 points.

Gold prices hovered near three-month highs hit last week after weaker-than-expected US jobs data cemented hopes that interest rates will stay low for some time, pressuring the dollar and boosting bullion's appeal.

Back home, Tata Consumer and Adani Transmission will be among the top buzzing stocks today.

Indian share markets had closed in the green for the third consecutive day in a row on Friday pushing the NSE Nifty back above 14,800 levels.

HFCL, Intellect Design, Zydus Wellness and Chambal Fertilizers are among companies that will announce their March quarter results today.

In one of his videos for Fast Profits Daily, Brijesh Bhatia shares a trading technique, which he has used for many years with great success.

In the video, Brijesh shows how effective this strategy can be with back tested historical data.

You can watch the video here: My Secret to Find Breakthrough Stocks

To know the top cues in today's stock market session, check out the pre-open commentary here.

Stay tuned for more updates on Indian stock markets in the upcoming commentary.


Tata Consumer March Quarter Results, M&M's Advanced Design Centre, and Buzzing Stocks Today
Pre-Open

Indian share markets ended higher on Friday.

Benchmark indices edged higher tracking gains in index majors HDFC twins and positive cues from global markets.

At the closing bell on Friday, the BSE Sensex stood higher by 257 points (up 0.5%).

Meanwhile, the NSE Nifty closed higher by 98 points (up 0.7%).

Tata Steel and Hindalco were among the top gainers.

Tata Consumer Products and Bajaj Auto, on the other hand, were among the top losers.

The BSE Mid Cap index ended the day on a flat note, while the BSE Small Cap index ended up by 0.2%.

Sectoral indices ended on a positive note with stocks in the metal sector and telecom sector witnessing most of the buying interest.

Shares of Wipro and Bajaj Finserv hit their respective 52-week highs.

At 8:00 am today, the SGX Nifty was trading up by 142 points, or 1% higher at 15,010 levels. Indian share markets are headed for a gap-up opening today following the positive trend on SGX Nifty.

Gold prices for the latest contract on MCX were trading up by 0.1% at Rs 47,636 per 10 grams at the time of closing stock market hours on Friday.

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Speaking of stock markets, in his latest video for Fast Profits Daily, Brijesh Bhatia shares a trading technique, which he has used for many years with great success.

In the video, Brijesh shows how effective this strategy can be with back tested historical data.

Tune in here to find out more:

Top Stocks in Focus Today

Among the buzzing stocks today will be Zensar Technologies.

Zensar Technologies witnessed buying yesterday after the UK-based fintech company, Infinity Circle, selected Zensar for end-to-end development of its next-gen wealth management platform.

Zensar announced that it has been selected by Infinity Circle, a UK-based fintech company in the wealth management space. Zensar will be the design and technology services partner with the scope of engagement spanning across branding, UX, CX design, core platform development, global launch, and ongoing support services.

Adani Transmission share price will be in focus as the company plans to invest Rs 30 billion in its transmission business and Rs 15 billion in the Mumbai electricity distribution business in 2021-22, as it aims to continue its expansion plan.

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In FY21, the company added 2,536 circuit km to its power transmission network, driven by organic and inorganic growth taking the total network to 17,2762,536 circuit km.

The company last week reported a net profit of Rs 2.6 billion in the fourth quarter of FY21 as against Rs 0.6 billion a year ago. Revenue in the quarter rose 3% YoY to Rs 22.8 billion.

For the year ended March, the company reported net profit of Rs 12.9 billion, up 82%. However, revenue declined 14% to Rs 88.4 billion.

Adani Transmission said that power demand and bill collection in the Mumbai electricity distribution area was impacted in the first half of FY21 due to the disruption caused by the Covid-19 pandemic but the company saw improvement on both accounts in the second half.

Tata Consumer Q4FY21 Results: Net Profit Slumps 44% Sequentially, Margin Contracts

Tata Consumer Products saw a fall in quarterly consolidated profit and a contraction in margin over the preceding three months as expenses rose.

Net profit of Tata Tea and Tata Salt maker declined 44% sequentially to Rs 1.3 bn in the January-March period, according to an exchange filing.

While India beverages and foods businesses maintained revenue, the international beverage business revenue declined versus the December quarter.

"Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) growth for the quarter was impacted by tea inflation in India and increased investments, that more than offset the strong EBITDA growth in India food and International business," the company said in its earnings presentation.

During the year, Tata Salt gained market share with its value-added salts portfolio growing faster, which is in line with the company's premiumisation strategy. The company added five new products to its ready-to-cook category under the "Tata Sampann" brand. They include "haldi doodh" mix, "masala daliya khichdi" mix, dhokla mix, supergrain ragi idli and supergrain ragi dosa mixes.

"In line with our strategic priority of exploring new opportunities, the health and wellness focused foods portfolio was further enhanced through acquisition of Kottaram Agro Foods (Soulfull brand)-now renamed as Tata Consumer Soulfull," the company said in an exchange filing. "This opens significant opportunities in the fast growing 'on the table' and 'on the go' segments."

The company said integration of its India foods and beverages businesses is now complete. "A redesigned sales and distribution system is in place with digitisation across channel partners, a new integrated business planning system covering demand and supply planning is now live."

We will keep you posted on updates from this space. Stay tuned.

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Mahindra & Mahindra to Set Up Advanced Design Centre for Mobility Products

Mahindra & Mahindra share price will be in focus today as the company announced that Mahindra Advanced Design Europe (MADE) is being set up in the West Midlands, and the new Centre of Excellence (CoE) will be a part of the Mahindra global design network that includes the Mahindra design studio in Mumbai, and Pininfarina design in Turin (Italy).

The same will be operational from 1 July 2021, and will also support the creation of highly skilled design roles, drawing from Coventry University, Royal College of Art, and other design colleges in the UK and Europe.

In a statement, Mahindra & Mahindra (M&M) said "MADE is a strategic enhancement of Mahindra's global design capabilities and renews its commitment to bring to its customers, sophisticated, authentic SUVs with an unmissable presence".

The new design centre will further sharpen Mahindra's distinctive product designs and differentiated technology offerings to further its safe, thrilling, yet efficient connected car experiences, M&M said.

Commenting on the new centre, M&M Executive Director Rajesh Jejurikar said, "A key lever to make the business future-ready is to significantly strengthen design capability across automotive, farm equipment and two-wheelers globally".

"MADE will contribute to all future automotive and mobility products, including Born EV SUVs and be a resource available to Mahindra group companies. It will give us a quantum leap in both capacity and capability in the design space," he added.

How this pans out remains to be seen. Meanwhile, stay tuned for more updates from this space.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.