Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.4%, the Hang Seng is up 1.3%, while the Shanghai Composite is trading up by 0.9%. US stocks also closed their session with gains.
Meanwhile, Indian share markets have opened the day marginally up. The BSE-Sensex is trading higher by 102 points (up 0.3%) and NSE-Nifty is trading higher by 33 points (up 0.3%). The S&P BSE Mid Cap is trading up by 0.2%, while the S&P BSE Small Cap is trading up by 0.4%.
Gains are largely seen in metal stocks and realty stocks. While, consumer durables stocks and oil & gas stocks have opened the day in red. The rupee is trading at Rs 65.8 against the US$.
From the IT sector, TCS share price is in focus today as the company is set to release its March quarter earnings.
From the cement sector, ACC share price will be in focus as the cement and ready mixed concrete manufacturer reported a 18.5% increase in its consolidated net profit for the quarter ended March 31, 2018. The company’s net profit during the quarter rose to Rs 2.5 billion from Rs 2.1 bn reported for the corresponding period of the previous fiscal.
In the news from the airlines sector, data released by the Directorate General of Civil Aviation showed India’s aviation sector witnessed its highest passenger growth in 32 months in March as more than 11.6 million Indians took air transport for their travels.
As per the data, airline passenger traffic grew 28%, compared with the same month last year. This was seen on account of strong capacity addition.
The growth in passenger traffic in the world’s fastest-growing aviation market was led by Air India, GoAir, Air Asia, and Vistara. All the four airlines reported strong growth in passenger traffic by growing above the industry average of 28%.