Nifty and Sensex started the week on a high note gaining over 0.5%, halting their two-day losing streak. US futures are trading lower, indicating a weak opening for US markets.
Brent Crude: 88.2 0.71%
USD INR Spot: 81.39 0.33%
India 10Y Bond yield: 7.352 0.07%
Nifty 50 market breadth for the day;
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
Torrent Power was the top gainer.
Shree Cement was the top loser.
Earnings Update:
Axis Bank: Net Profit: Rs. 5853 cr 
62% YoY; NII: Rs. 11,459 cr 32 % YoY.
Canara Bank: Net Profit: Rs. 2881.5 cr 91.8% YoY; NII: Rs. 8599.9 cr 23.8 % YoY.
Gland Pharma: Net Profit: Rs. 232.9 cr 
15% YoY; Revenue: Rs. 938.2 cr 11.8% YoY.
IDBI Bank: Net Profit: Rs. 927 cr 60% YoY; NII: Rs. 2,925 cr 23 % YoY.
Poonawalla Fincorp: Net Profit: Rs.182.1 cr 88.9% YoY; NII: Rs. 463.7 cr 42% YoY.
News
As the first company to export $1 billion in smartphones from India in a single month, Apple created history by exporting iPhones worth Rs 8,100 crore in December 2022, taking the total handset export to Rs 10,000 crore.
Vistara, a joint venture of Tata Sons and Singapore Airlines, has reported that it has exceeded the $1 billion revenue mark and has maintained positive EBITDA in the current fiscal year, gaining a market share of 9.2% according to DGCA data.
EaseMyTrip announced that it would start opening offline retail outlets in India using a franchising model. The online travel tech firm will “allow the customers to have an in-store retail experience” through EaseMyTrip Franchise.
Sterlite Power reported that during the first three quarters of FY23, the solutions business unit received orders worth Rs 3,800 crore in local and international markets, a rise of 90% year over year.
