Stock Market Today: Nifty, Sensex Rebound Sharply As RIL, ICICI Bank Share Prices Lead

• The NSE Nifty 50 and BSE Sensex rebounded from a two-day decline.

• The Nifty 50 and Sensex ended 1.20% and 1.27% higher, respectively.

• Reliance Industries Ltd., ICICI Bank Ltd., Axis Bank Ltd., State Bank of India are top contributors

• The NSE Nifty Defence rose the most, while the NSE Nifty IT declined the most.

• The NSE Nifty Midcap 150 ended 1.38% higher at 19,966.70

• The NSE Nifty Smallcap 250 ended 0.53% higher at 15,607.15

• Rupee closed 42 paise stronger at 85.03 a dollar

• Intraday, rupee jumped 50 paise to 84.95 a dollar

• Intraday level is the highest since April 4

• It closed at 85.45 a dollar on Friday

Source: Bloomberg

• Revenue up 12.95% at Rs 23063.32 crore vs Rs 20418.94 crore (Est: 22,967.44 crore)

• Ebitda up 12.26% at Rs 4618.44 crore vs Rs 4113.92 crore (Est: 4615.92 crore)

• Margin at 20.02% vs 20.14% (Est: 20.1%)

• Net profit up 9.91% at Rs 2482.04 crore vs Rs 2258.12 crore (Est: Rs 2538.39 crore)

Global Health will acquire 3 acres of land owned by Assam Electricity Grid Corporation for Rs 30 crore.

IRFC Q4 Highlights (YoY)

• Revenue up 3.8% to Rs 6,723.80 crore versus Rs 6,477.99 crore

• Net profit down 2% to Rs 1,681.87 crore versus Rs 1,717.32 crore