Sensex Today | Share Market Live Updates: Indices likely to open higher
Angel One, Kesoram Industries, PCBL and several other companies will announce their third-quarter results today.The US dollar ebbed on Monday on renewed expectations of a rate cut by the Federal Reserve in March, while the yuan fell to a one-month low after China's central bank surprised markets by keeping its medium-term policy rate steady.The company clocked 13.5% sequential growth in profit at ₹4,350 crore in the December quarter, beating analysts' expectations. Revenue grew 6.7% sequentially to ₹28,446 crore (6% in constant-currency terms).The company reported revenue from IT services of ₹22,150.8 crore in the December quarter, down 1.09% from the previous quarter.
Revenue in dollar terms fell 2.1% sequentially to $2,656.1 million (1.7% in constant-currency terms).The GIFT Nifty traded at a premium of more than 90 points, indicating a gap-up start for the market.Brent crude traded near $78 a barrel and West Texas Intermediate was close to $73 even after the US followed up the initial strikes against targets in Yemen with a fresh attack on a radar installation. While the global benchmark was up more than 4% at one point on Friday it ended the session with a relatively modest gain of 1.1%.
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