Concerns about growing inflation, interest rate hikes, and potential damage to global economic development weighed heavily on Indian markets, which opened on a downbeat note. In the intraday trading today, Reliance Industries climbed 1.14 per cent, setting a new intraday high of Rs 2,827.10. The company's market valuation has reached Rs 19 lakh crore. Mahindra Logistics increased 10 per cent to Rs 523. Wipro is set to pay $540 million for consulting business ‘Rizing’. The stock of Lasa Supergenerics received a fresh order worth 50 crore rupees, resulting in a nearly 3 per cent increase in the share price.  

In the morning, the benchmark indices rose sharply on the back of resilience in index pivotals. With more than 2 per cent, BSE Power and BSE Auto sectors are in the lead. Today, corporations such as Bajaj Finance (up by 2.22 per cent) will release their quarterly results. The share of Bombay Dyeing & Manufacturing Company is currently trading at 129.75, up by 4.59 per cent. Also, the shares of Adani Wilmar gained 5 per cent as the company is set to announce its quarterly results on May 2.

Nifty dropped below the crucial 17,000 mark. Barring banks and auto shares, selling pressure was seen across the board. Today, the share in focus is Borosil Renewables, which plunged over 4 per cent. The gaining stocks in focus are Jayant Agro, ICICI Bank, and Apcotex. Equity indices trimmed initial losses in the morning trade. Kohinoor Foods was locked in an upper circuit of 5 per cent at Rs 13.2 on BSE. The company's board will consider raising funds through the rights issue. On BSE, Kohinoor Foods was stuck in a 5 per cent upper circuit at Rs 13.2. 

The share of OnMobile Global is in an uptrend. To put into perspective, the stock's price is at Rs 181.50 and has rallied nearly 10 per cent in today’s morning session. Furthermore, in one month, the stock has given an astounding return of more than 50 per cent while in a period of one year, it skyrocketed by 73.15 per cent.   

On April 22, 2022, post the reports of quarterly earnings, the shares of Aditya Birla Money, Hindustan Zinc, Tata Metaliks, Tejas Networks, and Wendt (India) climbed 1.14 per cent, 0.66 per cent, 0.98 per cent, 1.46 per cent & 1.19 per cent, respectively. Meanwhile, ahead of its quarterly earnings set to release on April 23, 2022, the shares of ICICI Bank plunged 1.40 per cent.  

In Q4 FY 2021-22, Gensol revenue increases by 190 per cent year over year. The company performed well in the last quarter, which concluded on March 31, 2022 (Q4). In addition to good news, the lot size of the stock has also decreased from 2128 to 523 per lot. The shares of Gensol Engineering skyrocketed by 41.45 per cent in just one month. Also in a period of five months, a staggering jump of 327.38 per cent was seen by the stock. Furthermore, the stock has zoomed by 624.15 per cent in just a year. 

Rally was seen in the afternoon session in stocks like Reliance Industries, Infosys, and HDFC twins. ICICI Securities plunged 6 per cent despite reporting an increase in Q4FY22. Everest Kanto Cylinder's wholly-owned subsidiary joins a joint venture; the stock rises 5 per cent. PNC Infratech receives Rs 37.02 crore bonuses for the early project completion; stock skyrocketed 8 per cent. The stock of DJ Mediaprint & Logistics soars over 5 per cent after securing a deal from Maharashtra Government.

Notable large-cap bulls include RIL, Coal India, and Adani Ports. Nifty PSU Bank and Consumer Durables outpaced the market by more than a per cent each. Metal stocks have seen a slight decline. In terms of sectoral indices, Nifty Realty outperformed, surging over a per cent while other indices were in the green. Angel One jumped nearly 7 per cent. The company reported a 100.8 per cent rise in consolidated net profit.

Markets are trading higher with auto, IT, and oil & gas companies leading the way. Nifty is above 17,000 while Sensex is up by over 350 points. On April 20, Angel One, Tata Elxsi, ICICI Securities, JTL Infra, Reliance Industrial Infrastructure, Ellora Trading, HCKK Ventures, Indbank Merchant Banking Services, and IND Bank Housing will report their respective quarterly earnings. The top F&O gainers this morning are Metropolis Healthcare Ltd, Dr Lal PathLabs Ltd, ACC Ltd, Motherson Sumi Systems Limited, and Ambuja Cements Limited. 

The stock hit a high of Rs 279 in the early trade on Tuesday after the company announced that the board of directors will meet on April 30, 2022, to consider a stock split proposal. Salasar Techno Engineering Ltd has recently outperformed the market by a significant margin. The stock has gained 15 per cent in the last one month as compared to a 1.38 per cent fall in S&P BSE Sensex.