Oil Relief Helps Sensex Snap 4-Day Loss; Bharti Airtel Surges 9%
A security guard stands outside the BSE building in Mumbai, India. (Photographer: Adeel Halim/Bloomberg News)

Oil Relief Helps Sensex Snap 4-Day Loss; Bharti Airtel Surges 9%

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Wipro Q2 Profit Misses Estimates

Bengaluru-based Wipro Ltd.'s quarterly profit missed estimates during July-September period.

Key earnings highlights (Q2, YoY):

  • Net profit down 3 percent at Rs 1,886 crore.
  • Revenue up 1.8 percent at Rs 14,568 crore.
  • EBIT down 5.2 percent at Rs 2,097 crore.
  • EBIT margin at 14.4 percent versus 17 percent.

IndiGo Reports First Quarterly Loss Since Listing

InterGlobe Aviation Ltd., which operates budget carrier IndiGo, reported its first ever quarter loss since listing. The company reported a net loss of Rs 652 crore during the July-September quarter, according to its stock exchange filing.

Key earnings highlights (Q2, YoY):

  • Net loss of Rs 652 crore versus net profit of Rs 552 crore.
  • Revenue up 16.9 percent at Rs 6,185 crore.
  • Ebitdar at Rs 111 crore versus Rs 1,557 crore.
  • Ebitdar Margin at 1.8 percent versus 29.44 percent.

Closing Bell: Sensex, Nifty Halt Four-Day Fall; Airtel Surges Most In 8 Years

Indian equity benchmarks snapped their four-day losing spree after Brent crude dropped below $75 per barrel, its lowest level in two months.

The S&P BSE Sensex rose 0.55 percent or 187 points to 34,034 and the NSE Nifty 50 Index advanced 0.77 percent or 78 points to 10,225.

For most part of the day, Sensex and Nifty were volatile but a fall in oil prices eased concerns about a strain on the nation’s finances, currency and corporate earnings.

Sixteen of 19 sector gauges compiled by BSE ended higher. The S&P BSE Telecom Index surged 4.9 percent paced by Bharti Airtel's biggest single-day up move in over nine years. On the flipside, the S&P BSE Healthcare Index was top loser, down 0.3 percent.

Bharti Airtel Surges Most In Seven Years On Diluting Stake In African Unit

Shares of the country's second largest telecom operator rose as much as 14.99 percent, the most since April 2011, to Rs 328.75 on diluting stake in African unit.

Oil Relief Helps Sensex Snap 4-Day Loss; Bharti Airtel Surges 9%

Bajaj Auto's Q2 Was Operationally Weak, Says IDBI Capital

Shares of the two- and three-wheeler maker fell as much as 5 percent to Rs 2,456.

Bajaj Auto’s operating performance was below our and consensus estimates as Ebitda margin came at 16.8 percent versus our and consensus estimates of 17.1 percent and 17.3 percent respectively, IDBI Capital said in a note to clients.

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