The India Inc has seen earnings for the quarter ended March 2023 in line with street estimates. The banking, automobile and consumption sectors saw strong earnings, while the results of the IT sector were weak.
In the last leg of Q4FY23 earnings season, the companies that will announce their Q4 results on Tuesday include Adani Ports and Special Economic Zone, Bajaj Healthcare, Apollo Hospitals Enterprise, Indiabulls Real Estate, Patanjali Foods, Rashtriya Chemicals & Fertilizers, Mankind Pharma, Mazagon Dock Shipbuilders, Welspun Corp, Torrent Pharmaceuticals, Astrazeneca Pharma India, Birla Tyres and Greenply Industries, among others.
Moreover, PC Jeweller, Reliance Infrastructure, Panacea Biotec, Lumax Auto Technologies, Insecticides (India), Aegis Logistics, Vakrangee, Gujarat Mineral Development Corporation, Lemon Tree Hotels, Graphite India, Heranba Industries, Peninsula Land, Prestige Estates Projects, Suzlon Energy, among others will also declare their quarterly earnings today.
The Indian benchmark equity indices, Sensex and Nifty, gained over half a percent Monday led by positive global as well as domestic cues.
Robust inflow of foreign funds, predictions of strong domestic economic growth and slowing inflation provided support to the rally in Indian markets.
Meanwhile, Asian markets traded mixed and the SGX Nifty is indicating a flat start for the Indian indices on Tuesday.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.