Sensex, Nifty Post Best Single-Day Gains In Nearly A Month
Fab Four Stocks Of The Day
Indian equity benchmark rebounded after form a six-week low, led by Bharti Airtel and Asian Paints.
The S&P BSE Sensex Index closed 1.1 percent higher at 32,949 as 26 of its 31 members advanced. The Sensex erased losses from Wednesday, when the central bank left rates unchanged, as predicted by most economists and tweaked inflation forecasts higher.
The NSE Nifty 50 Index closed 1.2 percent higher at 10,166. The market breadth was tilted in the favour of buyers.
Earnings Update: Hotel Leela Venture Jumps After September Quarter Margins Expand
Shares of Hotel Leela Venture Ltd. rose as much as 5.6 percent today, the most in two weeks to Rs 20.90, after its operating margins expanded in July-September period.
Earnings Highlights (Q2 YoY)
- Net loss at Rs 24.4 crore versus net loss of Rs 8.9 crore.
- Revenue up 1 percent to Rs 158.4 crore.
- Ebitda up 15.4 percent to Rs 38 crore.
- Margins expanded to 24 percent from 21 percent.