World Bank ease of business report buoys Indian market on Wednesday
Mumbai, Nov 1 (IBNS): The Indian market started the day on a positive note largely due to the news that India has climbed up from 130th to 100th position in the World Bank's 'ease of doing business' ranking, an achievement that PM Modi has termed as 'historic', media reported.
BSE Sensex was up 387.14 points at 33600.27 and NSE Nifty was up 105.20 points at 10440.50.
Meanwhile, software firm Tech Mahindra reported its second quarter earnings on Wednesday. The company reported that its profit grew by 4.7 percent sequentially (up 29.7 percent year-on-year) to Rs 836 crore, backed by operational performance.
JSW Energy has reported profit at Rs 297.2 crore for July-September quarter, according to report.
Two-wheeler manufacturing company Hero Motocorp's second quarter profit was up 3 per cent year-on-year to Rs 1,035 crore, driven by revenue growth, the company reported.
Top gainers included Bharti Airtel, Idea Cellular, SBI, ICICI Bank, HDFC, Axis Bank and Vedanta while Dr Reddy's Labs, Sun Pharma, Eicher Motors, Hero Motocorp, Bajaj Auto, UPL, HCL Tech and TCS declined.
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