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"We are seeing a time-wise correction over here and there is no clear trend at present. Markets are likely to head on the higher side. 17500-17450 is a strong demand zone. Similarly, Bank Nifty also has good support at 41,950-41,750 levels. But yes, we are seeing some time correction but eventually we are going to head higher."

IndusInd Bank Q4 Results: The profit beat the estimate of ET Now Poll, which expected the figure to be around Rs 2,000 crore

Gold trading was subdued on Monday as investors awaited monetary policy decisions from major economies, including the Bank of Japan on 27 April, the US Federal Reserve’s Federal Open Market Committee meeting on 2-3 May, the European Central Bank on 4 May and the Bank of England on 11 May. The yellow metal was struggling to remain above $2,000 per ounce, and was under pressure as the US Federal Reserve’s aggressive monetary tightening policies to curb inflation weighed on prices.

"We have been saying this for a while again that June quarter is when the real poison in the IT sector numbers will come out because during the March quarter numbers, everybody was very euphoric for some reason as the IT players did not call it out in their December quarter numbers. One can expect that probably June quarter will be the worst off quarter."

A total of 23,581 shares changed hands on the counter till 01:17PM (IST)

The stock traded at a P/E multiple of 64.09, while the price-to-book value ratio stood at 4.79.

Rajagopal Menon, Vice President at WazirX said, "Major market indicators point towards a Buy sentiment. The Relative Strength Index (14), one of the key indicators, sits at 45, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 15 and 29, respectively, further indicating a ‘buy’ and ‘Neutral’ market."

Hindustan Zinc CEO, Arun Misra, has stated that despite the Zinc International deal missing its April deadline, discussions are ongoing and he expects the deal to be completed before the end of the year. Misra also highlighted several factors that are expected to drive cost reductions, including increased availability of domestic coal and digitalisation projects.

The stock traded at a P/E multiple of 54.01, while the price-to-book value ratio stood at 2.59.

On a sequential basis, the net profit rose 4% from Rs 156 crore in the preceding December quarter. Revenue from operations during the quarter surged as much as 48% to Rs 1,751 crore against Rs 1,181 crore in the year-ago period.