Sensex, Nifty shut today on account of Maharashtra Day

The country’s pioneer stock exchanges, BSE and the National Stock Exchange (NSE), are shut on Tuesday on account of Maharashtra Day.

As a result, there will be no trading in the equity market. All wholesale commodity markets, including those of metals and bullion, will remain closed as well.

The foreign exchange and commodity futures markets will also not conduct any kind of trading.

Benchmark indices on Monday closed at three-month high levels, driven by gains in technology and FMCG stocks, and the HDFC twins.

Read more--Stocks update

Sensex up 150 pts, Nifty reclaims 10,750; Axis Bank, RIL fall 3%

 PC Jeweller rallied nearly 18 percent as board of directors will consider share buyback next month.

"A meeting of the board of directors of the company will be held on May 25, 2018, to consider the proposal for buy back of fully paid-up equity shares of the company," the jewellery maker said in its filing to exchanges.

The board members will also consider and approve the audited standalone and consolidated financial results for the quarter / financial year ended March 31, 2018.

They will consider recommendation of dividend on preference shares for the period from April 01, 2017 to September 01, 2017, and recommendation of dividend, if any, on equity shares for the financial year 2017-18.

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Nifty begins May series on a strong note, Sensex up over 260 pts; IT takes a hit

 strong gain in banking names, among other sectors, ensured that the market had a good opening to the new series, with the Nifty ending just around 10,700-mark. During the course of the day, Sensex managed to hit 35,000, while the Nifty also traded above the 10,700-milestone.

The Sensex managed to clock gains of over 300 points, while the Nifty also rose around 100 points through the day. But, in the last hour, it pared some of those gains. Having said that, it has ended at a two-month high.

The Sensex was up 256.10 points at 34969.70, and the Nifty up 74.50 points or 0.70% at 10692.30. The market breadth was narrow as 1388 shares advanced, against a decline of 1227 shares, while 161 shares are unchanged.

All sectoral indices managed to end in the green, barring IT stocks, which witnessed profit booking along with an effect of a weak rupee.

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Nifty looks to break May series jinx, starts series at 10,700; RIL crosses Rs 1K mark

Shares of Thermax gained 3.4 percent intraday Friday on the back of order win worth Rs 279 crore.

Thermax Group has received an order worth Rs 279 crore from a leading public sector fertiliser company to set up captive cogeneration plant at Trombay.

The project is for a GTG (Gas Turbine Generator) - cum - HRSG (Heat Recovery Steam Generator) based cogen plant of 50MW capacity on an EPC basis.

The indices have further advanced their gains as the Sensex has risen 300 points, while the Nifty has hit 10,700-mark. The market breadth strongly favours the advances.

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Nifty inching towards 10,600 ahead of expiry; Wipro falls 4% post Q4 nos

The market traded mildly higher amid consolidation ahead of expiry of April derivative contracts today.

Wipro fell nearly 4 percent after disappointing fourth quarter earnings and Q1 IT services revenue guidance.

Axis Bank, Yes Bank, Biocon, SBI Life Insurance, Reliance Capital, AU Small Finance Bank among others will announce earnings today.

The 30-share BSE Sensex was up 61.16 points at 34,562.43 and the 50-share NSE Nifty rose 16.30 points to 10,586.80.

Read more--Stocks update