Sensex, Nifty climb higher; ITC falls 2% post Q3 results

Epic Update ITC

The market is still climbing higher with the Sensex up 234.35 points or 0.8 percent at 27942.49.

The Nifty is up 56.05 points or 0.6 percent at 8658.80.

About 1458 shares have advanced, 1174 shares declined, and 285 shares are unchanged.

BHEL, ICICI Bank, NTPC, SBI and Axis Bank are top gainers while Lupin, ITC, Wipro, HUL and Cipla are losers in the Sensex.

ITC’s December quarter has beaten estimates with net profit rising 5.7 percent to Rs 2650 crore from Rs 2504 crore in corresponding quarter last fiscal. During the quarter, its total income also grew marginally by 5 percent to Rs 13570 crore compared to Rs 12962 crore on annual basis.

Cigarette sales were up 2.2 percent at Rs 8288 crore against Rs 8106 crore year-on-year.

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Posted in: Indian Market Tips