Stock Market Highlights: Sensex ends 777 pts higher, Nifty reclaims 17,200 as RIL, Infy, Bajaj Finance aid rebound

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Positive on UBL: Anand Tandon  

Market expert Anand Tandon is positive on UBL. He is of the view that such companies are reasonably in a good spot in terms of overall business. "Currently, because their input prices must have gone up quite considerably, you would likely see some kind of margin pressure coming through. Also the prices have moved up in most of the states during the pandemic as they have increased the taxes on many of the products and none of that has been rolled back... While it is supporting the revenues of the states, it is perhaps impacting volumes for some of the companies," he says. 

Why Samir Arora thinks LIC IPO is fairly valued but Thomas Isaac doesn't

There is a debate about the upcoming LIC IPO's revised valuation. Former Kerala Finance Minister of Thomas Isaac is of the opinion that the government is rushing ahead with the initial share sale of the state-run insurer. Market veteran Samir Arora of Helios Capital believes that the revised valuation makes the IPO investible. (Read more)

Lead indicators pointing to realty momentum sustaining: Ravi Dharamshi 

Ravi Dharamshi, CIO at ValueQuest Invst Advisors, is positive on the real estate cycle. "The reason for the bullishness is that we had a big supply crunch over the last 6-7 years and the kind of pain that has been seen in this sector, whether it is GST, demonetisation, the NBFC crisis, RERA or COVID, every year has been a six sigma event for the sector. So the weak hands are out of the sector," he says. 

"The supply crunch is the number one reason why we are bullish. Secondly, the affordability in the sector has increased... We are buying developers, home financers as well as some of the building material companies,” he adds. 

LIC to hold press conference on Wednesday at 12:30 pm with respect to IPO

Market At Close | Reliance Industries, auto stocks lead recovery in Sensex, Nifty50

Here are some highlights: 

--Banks see a fall from intraday highs in last hour of trade

--Auto stocks continue to gain momentum on fall in commodity prices

--Adani Group stocks extend gains; Adani Ports hits record high

--3 of top 5 Nifty gainers auto stocks (Bajaj Auto, Hero MotoCorp, M&M)

--HDFC Life near day’s high after higher-than-expected Q4 margin, stock rises 2 percent

--Atul falls sharply following below-than-expected earnings, stock down 5 percent

--HUL, Bajaj Auto rise ahead of earnings on Wednesday

--Cholamandalam Investment, Apollo Tyres, Indiabulls Housing, Motherson top midcap gainers

--Atul, Laurus, Astral, Ramco Cements, Tata Communications top midcap losers

--India VIX falls 10 percent

--Market breadth favours bulls, advance-decline ratio at 3:2

Rupee edges higher to end at 76.58 vs US dollar

The rupee finishes at 76.58 against the greenback. On Monday, it had settled at 76.69.

Closing Bell | Sensex up 777 pts, Nifty50 reclaims 17,200 

The Sensex finishes the day with a gain of 776.7 points or 1.4 percent at 57,356.6 and the Nifty50 settles at 17,200.8, up 246.9 points or 1.5 percent from its previous close. (Read more on the closing bell) 

HDFC Life Jan-Mar net profit jumps 58.6% to Rs 506.2 crore, VNB beats estimates

HDFC Life's annual premium equivalent (APE) increased 5.8 percent on a year-on-year basis to Rs 3,049 crore, according to a regulatory filing. Analysts in a CNBC-TV18 poll had estimated the insurer's quarterly APE at Rs 3,050 crore. 

Its value of new business (VNB) rose 15.2 percent on year to Rs 895 crore. Analysts had estimated the company's VNB at Rs 823 crore. 

HDFC Life shares built on the day's gains after the earnings announcement, rising as much as 2.9 percent to Rs 555.9 apiece on BSE. 

Bajaj Finance shares rise nearly 3% ahead of Jan-Mar earnings

Bajaj Finance shares rise by as much as Rs 206 or 2.9 percent to Rs 7,215 apiece on BSE, as investors await the company's financial results for the final quarter of the last financial year. 

Analysts in a CNBC-TV18 poll expect the NBFC to report a net profit of Rs 2,442 crore for the January-March period, up 70 percent on a year-on-year basis.

The expect the company's net interest income (NII) to increase 14.5 percent to Rs 5,332 crore. (What to expect from Bajaj Finance earnings)

The Bajaj Finserv stock climbed by as much as Rs 363.8 or 2.4 percent to Rs 15,627 apiece. 

Auto stocks lead gains boosted by commodity price decline 

Global markets remain volatile

European shares breathe a sigh of relief on Tuesday as earnings from companies including Swiss bank UBS and shipping giant Maersk boost sentiment, following an equity sell-off in the previous session driven by global growth fears. The pan-European Sotxx 600 index is up 0.9 percent.

Earlier, markets in most Asian regions are up but cautiously, except China as Beijing races to battle COVID. 

S&P 500 futures, however, are down 0.2 percent, suggesting a sluggish start ahead on Wall Street. 

Bulls Fight Back | Market stages smart recovery

The index holds on to much of its intraday gain, up 1.1 percent at 17,143.5, having gyrated in a 117-pt range between 17,064.5 and 17,181.9. 

The 50-scrip gauge appears to be facing congestion in the 17,150-17,200 zone.

Revenue can touch Rs 1,800 crore at full capacity: Nikhil Aggarwal

Buy Cholamandalam, Fortis Healthcare: Shrikant Chouhan

Here are two trading recommendations from Shrikant Chouhan of Kotak Securities: 

--Buy Cholamandalam Investment with for a target of Rs 850 a stop loss at Rs 745 

--Buy Fortis Healthcare for a target of Rs 300 with a stop loss at Rs 265