The S&P BSE Sensex was trading around 51,450 levels, up 150 points, while the broader Nifty50 index hovered around 15,150. Reliance Industries gained 3 percent and was the top winner for Sensex, followed by Bajaj Finserv and Bharti Airtel (both up more than 1%). On the other hand, Titan fell 2 percent after the announcement of its December quarter results.
Among other individual shares, Magma Fincorp rallied 10 percent following the report that Rising Sun Holdings, controlled by Adar Poonawalla, will acquire a 60 percent stake in the non-bank finance company by subscribing to a $ 3,456 million preferred issue. rupees.
The Nifty Industry Indices traded mixed, with the Nifty Metal Index down 0.8% leading the winners.
A total of 442 companies, including ITC, Coal India, ACC, and Ashok Leyland, are scheduled to announce their quarterly earnings today.
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