SBI, HDFC, HDFC Bank, Yes Bank, Bharti Airtel, Maruti Suzuki, Bajaj Auto, Wipro and Eicher Motors gained up to 1.5 percent.

Indiabulls Ventures informed exchanges that a meeting of the board of directors would be held on May 4 to consider and approve the preferential issue of equity shares of the company, to certain foreign investor(s).

9:45 am Buzzing: 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.

9:40 am Market Update: The market continued to trade higher with the Sensex reclaiming 35,000 levels following positive Asian cues, and after RBI further liberalised ECB policy.

The Sensex was up around 200 points while all sectoral indices were in the green barring Metals.

9:30 am MEP’s new SPVs: MEP Infrastructure Developers (lead member) in joint venture with LongJian Road & Bridge Company has incorporated the four new special purpose vehicles to execute the projects awarded by National Highways Authority of India (NHAI).

The name of SPVs are as under:1) MEP Longjian ACR Private Limited 2) MEP Longjian CLR Private Limited 3) MEP Longjian Loha Waranga Road Private Limited 4) MEP Longjian VTR Private Limited.

9:21 am Market Update: Benchmark indices extended rally, with the Sensex rising 214.58 points to 35,184.28 and the Nifty climbing 58 points to 10,750.30.

The market breadth was positive as about two shares advanced for every share falling on the BSE.

9:18 am Buzzing: Kalpataru Power Transmission share price gained more than 2 percent after the global EPC player has secured new orders worth Rs 1,463 crore.

source: moneycontrol.com