Indices opened higher tracking positive momentum seen in Asian markets at the helm of the Fed Reserve. At 11.20 AM, the BSE Sensex is trading at 33,649 level, up by 76 points, while NSE Nifty is trading at 10,444 level, up by 21 points.
Bharti Airtel stock was up 4% to Rs 565 on the BSE in early morning trade after about 185 million equity shares of the company changed hands on the counter.
About 40 companies will declare their Sept quarter results which include Punjab National bank, Hindalco, Tata Power, Titan Company, Torrent Pharma and UCO Bank etc, among others.
Bharti Airtel has stated that the company will be investing Rs.25,000 crore capital expenditure to strengthen its 4G network during the ongoing fiscal year.
Power Grid Corporation of India’s (PGCIL) net profit rose 14.37% to Rs 2141.04 crore on 15.62% growth in total income to Rs 7492.52 crore in Q2 Sept 2017 on YoY.
Vedanta Ltd said its consolidated profit after tax before exceptional items rose 43% to Rs 2,036 crore on 37% jump in net sales to Rs 21,520 crore in Q2 FY17 ON YoY.
Mahindra Logistics Ltd’s IPO to raise Rs.830 crore was subscribed nearly 8- times on the final day of the sale on Thursday, while the IPO of The New India Assurance Co. Ltd was subscribed 1.07 times on the second day of the share sale on Thursday.