Post Market- Markets stage smart recovery. Sensex up 375 points

 Post Market- Markets stage smart recovery. Sensex up 375 points

Stocks in the news -

1. L&T Construction bagged order in the range of Rs. 1,000-2,500 cr to design & build one of the world's largest oil & gas supply bases

2. Subex launched HyperSense, an end-to-end augmented analytics platform that helps enterprises make faster

3. Filatex India Q4 net profit at Rs. 118.4 crore

Indian indices -

The benchmark indices ended higher on April 22, led by gains in metals and banking stocks amid positive global cues. The Sensex rose by 0.77% or 374.87 points to 48,080.67. The Nifty surged by 0.79% or 109.75 points to 14,406.15.

The market breadth was in favour of advances with an advance-decline ratio of 3:2.

Buzzing stocks on BSE -

1. Indiabulls Housing Finance (IBH) surged by 7.33% to Rs. 177.20, after it has entered into a strategic co-lending partnership with HDFC Ltd to offer housing loans to homebuyers at competitive rates.

2. Caplin Point Laboratories rose by 2.86% to Rs. 521.70, after the company said its subsidiary received a final approval from the US drug regulator for its Abbreviated New Drug Application, neostigmine methylsulfate injection.

3. Network18 Media & Investments rallied by 11.95% to Rs. 43.10, after consolidated net profit surged by 241.91% to Rs. 205.80 crore in Q4 FY21.

4. ICICI Securities jumped by 6.87% to Rs. 453.30, after the company's consolidated net profit soared by 111.4% to Rs. 329.47 crore in Q4 FY21.

Global Signals -

Asian stock markets rose on April 22, following an overnight bounce on Wall Street.

European markets surged on April 22, a global rebound in markets after days of negative sentiment.