Markets Trade Higher, Sensex Crosses 32,000 Points

Benchmark indices were trading higher, with most Asian markets subdued after Monday's strong rally. A slump in crude prices on account of storage worries once again impacted sentiments across global markets.

The Sensex was last seen trading higher by 287 points at 32,023 while the Nifty was up 83 points. Shares in IndusInd Bank was trading higher by 7 per cent after quarterly numbers cheered investors.

The bank saw its net profits falling 16% to Rs. 301.84 crore as against Rs. 360.10 crore in the previous ended quarter.

Shares in Reliance Industries was up 1 per cent after reports that the company may consider a rights issue on April 30 when it board meets. The company is also expected to declare its quarterly results on the same day.

HDFC Life shares were up 1 per cent, though profit was down 14.4% to Rs 311.65 crores for the quarter ending March 31, 2020.

Adani Power saw a decline in its shares by 6 per cent, after the company reported a loss of Rs 1,312.86 crores for the quarter ending March 31, 2020 as against profit of Rs 634.64 crores.

Meanwhile, most Asian markets were trading with losses, with the Japanese Nikkei and the Hang Sang both down in trade.

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