The Sensex was trading 210 points, or 0.4 per cent, at 49,730 levels and the Nifty50 index was holding above the 14,600-mark. Bharti Airtel surged 5 per cent after the company said it is initiating the process to revise its foreign investment limit to 100 per cent with immediate effect. Besides, ONGC and State Bank of India were also up 2 per cent, each.
Infosys, Wipro, Amtek Auto, GTPL Hathaway and six other firms are slated to release their Q3 numbers today.
Lead by the ramp-up of Vanguard deal, incremental revenue contribution from acquisitions and strong growth momentum in key verticals, analysts expect IT bellwether Infosys to post a 9-10 per cent year-on-year (YoY) growth in its revenue (in rupee terms) for the quarter ended December 2020 (Q3FY21). READ MORE
Meanwhile, Wipro may post decent revenue growth, minimum-to-no impact on EBIT margins and a 5-10 per cent year-on-year (YoY) jump in its net profit for the October-December quarter (Q3FY21). READ MORE