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The rally has surprised most traders and fund managers, who were expecting the market to slide given the restrictions announced by many state governments in light of the impact of the second wave of COVID-19.
Sensex jumped 789 points or 1.61% higher at 49,733. Similarly, the broader Nifty surged 211 points or 1.44% to 14,864
Rajratan Global Wire and JTL Infra posted 61% and 99.14% growth in net profit at Rs 53.13 crore and Rs 20.06 crore, respectively
Prudent provision buffer gives Axis Bank a significant cushion for any potential impact on asset quality from the second wave of the pandemic
The company said that Zomato is proposing an IPO of its equity shares, comprising a fresh issue of equity shares by Zomato and an offer for sale by Info Edge (India).
The bank's net profit fell 6.9% to Rs 5,196.22 crore on 1.1% decrease in total income to Rs 75,980.65 crore in Q3 FY21 over Q3 FY20.
Yes Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 14.9, up 1.02% on the day as on 12:49 IST on the NSE.
Power Grid Infrastructure Investment is owned by the state-run Power Grid Corporation of India
Proceeds from the fresh issue would be used towards funding organic and inorganic growth initiatives; and general corporate purposes.
Analysts have revised price target upwards as the company looks well-placed to overcome near-term challenges