The Maggi noodles maker is expected to post double-digit revenue growth in its profit after tax (PAT) for the fourth quarter of the financial year 2020
FM Nirmala Sitharaman announced Rs 1.18 trillion-financial allocation for the highways sector in Budget 2021. However, any delay in roll out of such growth-driven projects may wear-off the bull-run
Weightage-wise, Infosys (up 3 per cent), Reliance Industries, ICICI Bank, M&M, and TCS contributed around 408-points towards overall gains on the index
The broader markets, however, came under selling pressure. The S&P BSE MidCap and SmallCap indices ended 0.93 per cent and 0.28 per cent lower, respectively
Robust buying in shares of ITC, Kotak Mahindra Bank, State Bank of India, Bajaj Finance, ICICI Bank, and M&M helped the benchmark S&P BSE Sensex scale fresh lifetime peak of 50,687.51 level
The Nifty Pharma index edged up 3 per cent, followed by gains in the Nifty PSB index (up 2.3 per cent), and the Nifty Pruvate Bank index (up 2 per cent)
Here are all the top economy and markets headlines of today
The Sensex index reclaimed the 50,000 level in intra-day deals and hit a high of 50,154
SBI, the top gainer among the Sensex stocks, was up 8 per cent to Rs 337 at 02:25 pm, surpassing its previous high of Rs 332 touched on February 2, 2020
Both the benchmarks have erased around 5 per cent during the week
All that happened in the markets today
In Q3FY21, the company reported a net profit of Rs 5.50 crore against a net loss of Rs 7.2 crore in year-ago quarter
India VIX ticked up 4 per cent
The company's net profit more than doubled to Rs 1,584 crore in the quarter ended December 31, 2020
The company said its operating margins have touched a new high of 21.68 per cent in the October-December quarter
During the 74 sessions, the market capitalisation of the listed firms on BSE soared by Rs 38.55 trillion to Rs 199 trillion
Sensex has already rallied 94.2 per cent (till Wednesday's closing) from its March low of 25,639
"Janet Yellen's statement that the United States needs a big stimulus push has pumped markets across the globe, including India," said Ajit Mishra, vice president, research at Religare Broking
Phillip Capital expects LTTS to post strong dollar revenue growth of 4.1 per cent QoQ
Stock market updates: India VIX ticked up 5 per cent