Asian markets traded higher on Tuesday following overnight gain on Wall Street.Japan’s Nikkei 225 gained 0.8%, while the Topix rose 0.66%. South Korea’s Kospi added 0.2%US stocks rose on Monday after steep losses in the previous session as the tensions in the Middle East eased.Here’s a table showing how US stocks performed on Monday:

Data Source: EquitymasterAt present, the BSE Sensex is trading 231 points higher and NSE Nifty is trading 59 points higher.HCL Tech, NTPC, and Titan are among the top gainers today.Hindalco, L&T, and Britannia the other hand are among the top losers today.Broader markets are trading on a positive note. The BSE Midcap index is trading 0.3% higher and the BSE Small Cap index is trading 0.6% higher.Sectoral indices are trading mixed, with stocks in the realty sector, telecom sector, and power sector witnessing buying. Meanwhile, stocks in the energy sector and the metal sector witnessed selling pressure.The rupee is trading at Rs 83.3 against the US dollar.In commodity markets, gold prices are trading 1.1% lower at Rs 70,400 per 10 grams today.Meanwhile, silver prices are trading 1% lower at Rs 79,758 per 1 kg.
 Hero MotoCorp’s Global ExpansionThe company launches four products and a new product assembly facilityBuilding on its commitment to Nepal, Hero MotoCorp along with its authorized distributor CG Motors, has announced its aggressive business plans and inaugurated a product assembly facility in the country.Hero MotoCorp launched four of its globally popular products – Xpulse 200 4V, Super Splendor, Splendor+ motorcycles, and Xoom 110 scooter. The four products will be assembled locally at the new state-of-the-art assembly facility located in CG Industrial Park in Nawalparasi.The facility will have a capacity of 75,000 units per annum and will bring new investments and create job opportunities in the region. CG Motors will be rapidly expanding its sales and service network across Nepal to cater to the growing customer base.With strong household spending and increased demand for two-wheelers, which two-wheeler stock is leading the race?

Reliance Industries Q4 Results
Oil-to-telecom conglomerate Reliance Industries Limited (RIL) on Monday reported a consolidated net profit of Rs 189.5 bn for the quarter that ended on 31 March 2024 (Q4FY24).This was a 1.8% decline in net profit compared to Rs 192.9 bn reported during the same period last year (Q4FY23), which was also the highest recorded consolidated net profit the company has ever achieved in a quarter.The company reported a revenue of Rs 2,407.2 bn, up 11.3% from Rs 2,162.7 bn reported during the same period last year.Total expenses of RIL went up 11.5% to Rs 2,175.3 bn from Rs 1,951.8 bn in Q4FY23.Sequentially, RIL’s net profit rose 9.7% from Rs 172.7 bn in Q3. Revenue from operations went up 5.6% from Rs 2,279.7 bn reported in the last quarter, while expenses rose 5.6% quarter-on-quarter from Rs 2,060.1 bn.For the entire financial year 2023-24, the company’s gross revenue from operations stood at Rs 696.2 bn. This was a 4.3% increase year-on-year from Rs 667 bn reported at the end of FY23.Revenue for FY24 was Rs 9,144.7 bn, up 2.6% from Rs 8,913.1 bn at the end of last year.Annual expenses went up 2.12% to Rs 8,261.9 bn from Rs 8,090.2 bn reported the year before.RIL board has recommended a dividend of Rs 10 per fully paid-up equity share of Rs 10 each for the financial year ended 31 March 2024, subject to the approval of members of the company at the ensuing Annual General Meeting of the Company.
 Inox Wind’s Bonus IssueThe board of Inox Wind Ltd. will meet on Thursday, 25 April, to consider the issue of bonus shares, it said in an exchange filing. This is the first such corporate action on record that the company will be undertaking.The record date for the proposed bonus issue of shares is yet to be determined.Companies issue bonus shares to capitalize on their free reserves, increase their Earnings Per Share (EPS) and paid-up capital, along with reducing the reserves. Shareholders are issued these shares at no additional cost and hence are also known as free shares.Last year, Inox Wind’s board approved the scheme of amalgamation of Inox Wind Energy into Inox Wind. Shareholders of Inox Wind Energy received 158 equity shares of Inox Wind for every 10 shares held. In addition, 10 share warrants of Inox Wind Energy were also issued for 847 apiece.Inox Wind recently received an order for the supply of 210 MW of wind turbine generators (WTGs) from Hero Future Energies (HFE). This was a repeat order for its 3 MW Wind Turbine series.More By This Author:Sensex Today Rallies 622 Points; PSU Bank Stocks ShineSensex Today Trades Higher; Nifty Above 22,250Sensex Today Rallies 599 Points; Private Banks Rally