Read more about Carborundum Universal spurts after Q4 rises 2% to Rs 96 cr on Business Standard. Carborundum Universal jumped 4.03% to Rs 517.55 after the company s consolidated net profit rose 2.4% to Rs 96.19 crore on 28% surge in net sales to Rs 750.26 crore in Q4 FY21 over Q4 FY20.
Read more about Carborundum Universal consolidated net profit declines 1.95% in the March 2021 quarter on Business Standard. Sales rise 28.03% to Rs 750.26 crore
Market may open on a positive note
April 28, 2021
Volatility, however, will rise ahead of F&O expiry Domestic markets are likely to remain positive on Wednesday despite mixed global cues. Short-covering ahead of F&O expiry (April contracts) on Thursday and relatively better preparedness to tackle the spread of Covid-19 seemed to have infused a positive sentiment in the market, said analysts.
Though FPIs continue their selling, domestic funds and institutions resort to aggressive buying at lower levels and keep the market afloat, they added. Ahead of the F&O settlement, market is expected to remain volatile.
The SGX Nifty is currently ruling at 14,732 (8 am) as against Nifty April futures close of 14,644 and 14,698 (May futures), signalling positive bias. Asian markets remain mixed, with Japan, Australia, Hong Kong and the Philippines remaining in the green while Korea, Taiwan and China in the red. Overnight, the US markets ended little changed.
Indices were trading firm near the day s high in morning trade. The Nifty traded above the crucial 14,700 mark. Barring the Nifty Metal index, all the sectoral indices on the NSE were in the green.
At 10:27 IST, the barometer index, the S&P BSE Sensex, was up 316 points or 0.65% at 49,260.19. The Nifty 50 index was up 86.95 points or 0.59% at 14,740.85.
In broader market, the S&P BSE Mid-Cap index was up 0.67% while the S&P BSE Small-Cap index was up 0.88%.
The market breadth was strong. On the BSE, 1789 shares rose and 723 shares fell. A total of 127 shares were unchanged.
Gains were capped investors are monitoring the progress on vaccination drive. Trading was also cautious ahead of the US Fed s monetary policy outcome on Wednesday.
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