Sensex Up Over 400 Points; Hero MotoCorp & Maruti Suzuki Top Gainers

Share markets in India are presently trading on a positive note. Barring metal sector, all sectoral indices are trading in green with stocks in the auto sectorrealty sector and FMCG sector witnessing maximum buying interest.

The BSE Sensex is trading up by 421 points (up 1.2%), while the NSE Nifty is trading up by 117 points (up 1.1%). The BSE Mid Cap index and the BSE Small Cap index are trading up by 0.7%.

The rupee is trading at 71.00 against the US$.

The rupee depreciated by 9 paise to 71.17 in early trade today amid strengthening of the American currency and caution ahead of interim budget.

Market participants are tracking SBI share priceTitan Company share price and Dr. Reddy's share price as these companies are set to announce their December quarter results later today.

You can also read our recently released Q3FY19 results: Reliance IndustriesFederal BankInfosysTCSTridentHDFC bankMaruti SuzukiDHFLGruh Finance.

In the latest development from the results corner, Hero MotoCorp share price is in focus today as the company has reported a 4.5% fall in its net profit in Q3FY19.

Profit declined to Rs 7.7 billion compared with Rs 8.1 billion in the corresponding period a year ago.

Revenue from operations climbed 7.5% to Rs 78.6 billion. The company sold 1.8 million two-wheelers last quarter, an increase of around 5% over 1.7 million units sold in the year-ago period.

Total expenses during the quarter rose 9.8% to Rs 69.1 billion. EBITDA stood at Rs 11.1 billion, reflecting EBITDA margins of 14% compared with 15.8% recorded in the corresponding quarter last year.

Hero MotoCorp share price is presently trading up by 6.7%.

Moving on to the news from the aviation space, Jet Airways share price is witnessing buying interest today on reports that the Naresh Goyal-controlled airline has agreed with most of the conditions set by its partner Etihad for offering a lifeline to the debt-laden domestic carrier.

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Disclosure: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. ...

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