The key benchmark indices surged in early trade and scaled fresh record highs of 33,117.33 in the opening session on Wednesday after govt announced a range of measures to drive economy including PSU banks’ capitalization plan to massive road building program. Firmness in Asian shares has also boosted stocks.
The BSE Sensex gained 217.37 points at 32,824.71 and the NSE Nifty index rose 40 points at 10,247.70 in the late morning hours.
Stock Watch out for the day: Shares of Hindustan Unilever, HCL Technologies, Kotak Mahindra Bank, will be in watch following their post of quarterly earnings. The other top companies which are scheduled with Q2 earnings are Glaxo SmithKline Pharma, Emami, Exide Industries, Engineers India, IDFC Bank, M&M Financial Services, PNB Housing Finance, RBL Bank, Tata Communications, among some others (here we learn how to find a bank with free checking accounts).
Infosys Ltd’s consolidated net profit rose 7 percent to Rs 3,726 crore on 2.9 percent growth in revenue to Rs 175,67 crore in Q2 Sept 2017 on Y-O-Y.
ABB India Limited has posted that it has 18.16% jump in its net profit to Rs 83.39 cr, in the Q2 Sept 30.
ICICI Prudential Life Insurance has reported flat PAT for the quarter ended Sept 30 at Rs 421.21 crore.
Raymond Ltd has reported over twice-fold growth in its consolidated PAT at Rs 60.00 Cr for the Q2 ended Sept 30.
Rallis India Ltd has reported over 16% growth in net profit at Rs 77.25 cr. for the quarter ending Sept 30.
Rupee Watch out: Indian rupee on Tuesday fell back slightly to end at a fresh 1-week low of 65.07, down 5 paise V/s the US dollar.