After opening the day marginally lower, stock markets in India witnessed buying interest and are presently trading on a positive note. Sectoral indices are trading on a mixed note with stocks in the realty sector and IT sector witnessing maximum buying interest.

The BSE Sensex is trading up 165 points (up 0.5%) and the NSE Nifty is trading up 57 points (up 0.5%). The BSE Mid Cap index is trading up by 0.6%, while the BSE Small Cap index is trading up by 0.8%. The rupee is trading at 66.21 to the US dollar.

In the news from the steel sector, as per an article in the Economic Times, the government is said to roll out a red carpet to big foreign players who want to set up greenfield steel projects.

With this, the country's steel manufacturing capacity is expected to rise to 150 million tonnes by 2020.

As per the news, steel Secretary Aruna Sharma said the sector provides huge growth potential against the backdrop of the country becoming the world's second largest alloy producer with increasing consumption.

From the banking space, HDFC Bank share price is in focus today as the bank reported 20.3% year-on-year growth in net profit to Rs 48 billion for the quarter ended 31 March 2018. The profits were boosted by both interest and non-interest-income growth with net interest income growing 17.7% to Rs 106.6 billion and other income by 22.7% to Rs 34.5 billion during the quarter.

The lender also reported 18.7% growth in advances over March 2017 contributed by retail loans. The loan mix between retail and wholesale was in 57:43 ratio as compared with 55:45 at the end of December quarter. Retail loans grew 27.4% and wholesale loans 9.4%.

Tata Steel share price is also in focus today as it was reported that the company is in talks with lenders including HDFC Bank, Yes Bank, Standard Chartered Bank, DBS Bank, Kotak Bank Mahindra Bank and mortgage financier HDFC to raise Rs 170 billion.