6:00 PM Mumbai – Sensex index in Mumbai surged 1.3% and 10-Year bond yield closed at 7.94%. Reliance Jio raised $750 million from a Korean lender to roll out its 4G telecom services. Ashok Leyland said revenues soared 47%. Adani net plunged 74%. Lupin net fell 1%. Torrent Power net rose 2%.
Stocks in Mumbai rebounded and market indexes traded higher despite weaker earnings from Adani Enterprises, Ashok Leyland, Lupin and Torrent Power.
Rupee strengthened 15 paisa to 64 against one U.S. dollar.
The Sensex Index jumped 373.62 or 1.4% to close at 27,251.10. The CNX Nifty increased 108.50 or 1.3% to 8,235.45.
Gainers & Losers
Ashok Leyland Limited
slipped 3.3% to ₹69.60 after the commercial vehicle maker said net in the fourth-quarter tumbled 36.7% to ₹229.97 crore.
Total revenues in the quarter surged 46.6% to ₹4,542.95 crore.
Adani Enterprises Limited
soared 6.9% to ₹720.55 after the conglomerate said net in the fourth-quarter plunged 74.1% to ₹737.17 crore.
Total revenues in the quarter rose 0.5% to ₹16,507.65 crore.
Hindalco Industries Limited
decreased 2.9% to ₹133.50 after the aluminum and copper producer’s Canada-based subsidiary Novelis reported net in the fourth-quarter tumbled 46.3% to $29 million.
Net sales in the quarter climbed 12% to $2.8 billion.
Ingersoll-Rand (India) Limited
dropped 4.4% to ₹901.20 after the Industrial air compressors maker said net in the fourth-quarter declined 17.7% to ₹17.62 crore.
Net sales in the quarter jumped 12.3% to ₹146.37 crore.
declined 3.4% to ₹1,690.60 after the generic pharmaceutical products maker said net in the fourth-quarter decreased 1.1% to ₹547 crore.
Net sales in the quarter edged up to ₹3,054 crore.
Reliance Industries Limited
increased 1.9% to ₹884.80 after the conglomerate’s subsidiary Reliance Jio Infocomm raised $750 million or ₹4,815 crore from a Korean lender to fund its ongoing network roll-out under its fourth-generation (4G) telecom licence in India.
Torrent Power Limited
jumped 4.4% to ₹164.85 after the electric utility operator said net in the fourth-quarter increased 2.3% to ₹181.61 crore.
Net revenues in the quarter advanced 13% to ₹2,742.72 crore.