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Indian equity benchmarks gained for third straight day to their highest level in over a week led by HDFC Bank, Larsen & Toubro, Sun Pharma and ITC.
The S&P BSE Sensex rose 0.7 percent or 241 points to 35,165 and the NSE Nifty 50 index climbed 0.8 percent or 83 points to 10,689.
The broader markets outperformed their larger peers as the S&P BSE MidCap index advanced 1.35 percent and the S&P BSE SmallCap index climbed 1.6 percent.
Seventeen out of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Oil & Gas index's 2.5 percent gain after crude fell for third straight day. On the flipside, the S&P BSE IT index fell 1.7 percent tracking rupee appreciation against the U.S. dollar.
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Manappuram Finance Holds Gains Amid Block Deal
Manappuram Finance has 28.5 lakh shares change hands in a block deal on BSE.
Buyers and sellers were not immediately known
Oil & Gas Index Up Over 2.5% Led By Oil Retailers
Gains in state-run oil retailers boosted the gauge of oil and gas companies — the S&P BSE Oil & Gas index to rise 2.6 percent after crude fell for third straight session in international markets.
NTPC Rises After March Quarter Profit Beats Estimates
Shares of the state-run power producer rose as much as 2.75 percent to Rs 169.85 after its profit beat Bloomberg consensus estimates in March quarter.
Key earnings highlights:
Net profit up 40.69 percent at Rs 2,925.7 crore versus Rs 2,079.4 crore (YoY); Estimate of Rs 2,715 crore
Revenue up 13 percent at Rs 23,100 crore versus Rs 20,416 crore (YoY); Estimate of Rs 21,604 crore
Standalone EBITDA margin at 25.6 percent versus estimate of 28.4 percent
Ebitda up 8.2 percent at Rs 5,910 crore versus 5,463 crore (YoY)
Piramal Enterprises Surges After March Quarter Earnings
Monetary Policy May Become A Bit Hawkish: HSBC
Singapore, India Exchanges Are Said To Abandon Trade Link Talks
Is Market Cap Of Rs 7 Lakh Crore Justified For TCS? Find Out On Hot Money
L&T Rises Ahead Of March Quarter Earnings
Aviation Stocks Surge As Crude Falls For Third Day