Among the 30 Sensex companies, HDFC Bank, UltraTech Cement, Mahindra & Mahindra, Bajaj Finance, State Bank of India and Tata Steel were the biggest gainers.
Shares of pharmaceutical company Remedium Lifecare are in focus as the company has received a multi-year supply contract with a UK-based pharmaceutical distribution company. The counter opened in green at Rs 71.20, a surge of around 6.2 per cent from the previous close of Rs 67.03. It further surged to touch the day’s high of Rs 73.40. According to the company, the supplies scheduled between July 2024 and June 2025 alone are valued at Rs 175 crore.
“The Company has received a multi-year supply contract from a pharmaceutical distribution company based in the United Kingdom. The contract involves the supply of various Active Pharmaceutical Ingredients (APIs), Intermediates, and Specialty Chemicals,” the exchange filing reads.
Meanwhile, benchmark equity indices rallied in early trade on Tuesday tracking firm trends in Asian markets and buying in blue-chips HDFC Bank and State Bank of India. The 30-share BSE Sensex climbed 237.05 points to 77,578.13 in early trade. The Nifty went up by 65.8 points to 23,603.65.
Among the 30 Sensex companies, HDFC Bank, UltraTech Cement, Mahindra & Mahindra, Bajaj Finance, State Bank of India and Tata Steel were the biggest gainers. HCL Technologies, Bajaj Finserv, NTPC and Asian Paints were among the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong were trading higher while Shanghai quoted lower.
US markets ended on a mixed note on Monday. India recorded a current account surplus of USD 5.7 billion or 0.6 per cent of GDP in the March quarter, the Reserve Bank of India said on Monday.This is the first time in ten quarters that the crucial metric of the country’s external strength has turned into surplus mode.