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Sensex, Nifty Snap Longest Losing Streak In Over Four Months

Sensex and Nifty snapped their longest losing streak in over four months led by Infosys, HDFC and SBI.

A bronze bull statue stands at the entrance to the Bombay Stock Exchange (BSE) building in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
A bronze bull statue stands at the entrance to the Bombay Stock Exchange (BSE) building in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
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Indian equity benchmarks snapped their seven-day losing streak, the longest in over four months, led by Infosys, HDFC, State Bank of India and Sun Pharma.

The S&P BSE Sensex rose 0.97 percent or 330 points to 34,413 and the NSE Nifty 50 Index gained 0.96 percent or 100 points to 10,576.

The mid-cap and small-cap shares outperformed their large-cap counterparts as the S&P BSE MidCap Index gained 1.8 percent and the S&P BSE SmallCap Index surged 2.2 percent.

All sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Pharma index's 3.6 percent gain.

Sensex, Nifty Snap Longest Losing Streak In Over Four Months
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ACC Surges Most In 10 Months On Strong Q3 Earnings

Shares of the Mumbai-based cement maker rose as much as 7.55 percent, the most in nearly 10 months, to Rs 1,707 after it reported strong earnings in October-December quarter.

Key earnings highlights:

  • Standalone margin at 12.7 percent versus 10.6 percent (YoY)
  • Standalone EBITDA at Rs 442.2 crore versus Rs 285.8 crore (YoY)
  • Standalone revenue at Rs 3494 crore versus Rs 2697.3 crore (YoY)
  • Standalone net profit at Rs 204.5 crore versus Rs 80.5 crore (YoY)
  • Standalone margin at 12.7 percent versus Bloomberg estimate of 11 percent
  • Standalone EBITDA at Rs 442.2 crore versus Bloomberg estimate of Rs 352 crore

Page Industries Surges On Q3 Profit Beat

Shares of the Bangalore-based innerwear maker rose as much as 5.6 percent, the most in a month, to Rs 20,438 after its profit beat consensus earnings estimates compiled by Bloomberg.

Key earnings highlights:

  • Net profit up 32.6 percent at Rs 83.4 crore versus Rs 62.9 crore (YoY)
  • Net profit at Rs 83.4 crore versus Bloomberg estimate of Rs 77.9 crore
  • Revenue up 17.6 percent at Rs 621 crore versus Rs 528 crore (YoY)
  • EBITDA up 30 percent at Rs 128.8 crore versus Rs 99.1 crore (YoY)
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BHEL's December Quarter Profit Rises 64%

Shares of the Delhi-based electrical power equipment maker rose 1.4 percent to Rs 95.6 after it reported December quarter earnings.

Key earnings highlights:

  • Revenue up 5 percent at Rs 6,626 crore versus Rs 6,321 crore
  • Net profit up 64 percent at Rs 153 crore versus Rs 93 crore
  • EBITDA up 32 percent at Rs 295 crore versus Rs 224 crore
  • Margins at 4.4 percent versus 3.5 percent

Countdown

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