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Shares of the Bengaluru-based innerwear maker rose as much as 6.60 percent to Rs 24,930 after its profit beat Bloomberg consensus estimates in March quarter.
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Shares of the Mumbai-based department store chain operator pared gains after it reported loss in March quarter.
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Shares of the Mumbai-based government-owned bank fell as much as 4.84 percent to Rs 63.85 after its losses widened in March quarter.
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Shares of the Ahmedabad-based drugmaker rose as much as 9 percent, the most in over 11 months, to Rs 389.90 after its profit beat Bloomberg consensus estimates in March quarter.
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Indian equity benchmarks extended gains led by HDFC Bank, Infosys, Kotak Mahindra Bank and ONGC.
The S&P BSE Sensex rose 260 points or 0.7 percent to 34,900 and the NSE Nifty 50 index climbed 0.88 percent or 93 points to 10,607.
The mid- and small-cap shares were outperforming larger peers as bot the indexes rose over a percent.
All sector gauges but one were trading higher led by the S&P BSE Oil & Gas index's 2.4 percent surge.
The overall market breadth was positive as 1,555 shares were advancing while 944 were declining on the BSE.
Shares of the Delhi-based power project financer swung between gains and losses after it missed Bloomberg consensus estimates in March quarter.
Key earnings highlights:
Shares of the Mumbai-based logistics service provider held on to gains an was trading 10.58 percent higher at Rs 183.50.
Gateway Distriparks will buy Blackstone's stake in railway freight unit for Rs 810 crore, it said in an exchange filing.
Shares of Maruti Suzuki rose 1 percent to Rs 8,499.
Toyota Motor Corporation and Suzuki Motor Corporation have agreed to discuss projects in fields of technological development, vehicle production and market development.
Projects to be discussed are:
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Chennai-based cement maker rose as much as 6 percent to Rs 132 after its net profit beat Bloomberg consensus estimates in March quarter.
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Shares of the Mumbai-based vessels operator surged as much as 18 percent to Rs 615.
Shreyas Shipping reported net profit of Rs 23.17 crore versus loss of Rs 12.58 crore.
Shares of the Gujarat-based cement maker rose as much as 20.41 percent to Rs 35.10 after March quarter earnings.
Gujarat Sidhee Cement reported net profit of Rs 23.17 crore versus loss of Rs 13.1 crore.
Shares of the Tamil Nadu-based private sector lender rose 4.36 percent to Rs 99.55 after March quarter.
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Shares of the Pune-based chemical maker rose as much as 15.47 percent, the most in over a month, to Rs 518.70 after it reported March quarter earnings.
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Shares of the construction company rose a much as 2.8 percent to Rs 194.95.
The company received a letter of award for the highway project in Telangana worth Rs 425 crore, according to its stock exchange filing.
Shares of the Mumbai-based travel company rose as much as 14.39 percent, the most in nearly four years, to Rs 237.75 after its unit — Cox & Kings Financial Service got a NBFC license from the Reserve Bank of India.
Cox & Kings Financial Service proposes to carry on the business of holiday financing, student loan financing and foreign exchange business, the company said in a press release.
Shares of the Delhi-based gas distribution company rose as much as 3.76 percent to Rs 321.15 as brokerages maintained their bullish stance on the company after March quarter earnings.
CLSA upgraded the stock to 'buy from 'sell' with a target price of Rs 405. While, Morgan Stanley maintained its 'overweight' stance on the stock for target price of Rs 510.
Shares of the Mumbai-based infrastructure developer declined 0.17 percent to Rs 1,336.
The company's construction arm has won order for electrical and mechanical packaging for Dhaka Metro worth Rs 3,190 crore.
Buyers and sellers were not immediately known
Source: Bloomberg
The rupee is set for its seventh weekly loss - the longest losing streak for the unit since November 2015. The currency is approaching record lows as there is no respite from outflows from both bonds and equities as global crude oil prices continue to surge.
Implied opening from forwards suggest it may open at 68.2930 however, the weak equity clues from Asia may restrict a major recovery. A range of 68.20-68.50 a dollar is expected.
In bonds, the central government will tap the market to raise Rs 12,000 crore of debt today. Importantly, primary dealers had to rescue four out of the last five auctions.
Yield on the 10-year note has risen to 7.87 percent amid overseas investors reducing the holding of Indian debt. A range of 7.85 percent-7.90 percent is expected and auction cutoffs will be closely watched.
IOC raises fuel prices for the 12th consecutive day.https://t.co/3l4oHvaLZa pic.twitter.com/I94BYCyeAF
— BloombergQuint (@BloombergQuint) May 25, 2018
CLSA On GAIL
Morgan Stanley On GAIL
Morgan Stanley on United Spirits
CLSA On NCC
Kotak On City Union Bank
Deutsche Bank On Jain Irrigation
Here's a lineup of all major corporate meetings over the next few days.https://t.co/VCEFPDYv2P pic.twitter.com/AGeMmGY6Mx
— BloombergQuint (@BloombergQuint) May 25, 2018
United Spirits (Q4 YoY)
MOIL (Q4 YoY)
Camlin Fine Sciences (Q4 YoY)
South India Paper Mills (Q4 YoY)
Sudarshan Chemicals (Q4 YoY)
Kaveri Seed Company (Q4 YoY)
Pidilite Industries (Q4 YoY)
Sequent Scientific (Q4 YoY)
GlaxoSmithkline Pharmaceuticals (Q4 YoY)
Heritage Foods (Q4 YoY)
LT Foods (Q4 YoY)
Cummins India (Q4 YoY)
Triveni Engineering (Q4 YoY)
47% of Indians don’t want BJP government back: CSDS survey (Via @TheQuint)https://t.co/6tnJ9F0sUn pic.twitter.com/SR85ijuuul
— BloombergQuint (@BloombergQuint) May 24, 2018
President Trump cancels summit with North Korea's Kim Jong Un citing ‘hostility.’ https://t.co/trPIGrgMnz pic.twitter.com/0Qv2LvxhwG
— BloombergQuint (@BloombergQuint) May 24, 2018
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