ITC, rising around 3% was the top Sensex gainer followed by HDFC Bank, PowerGrid, ICICI Bank, IndusInd Bank and NTPC
The company has further increased its revenue growth guidance to 16.5%-17.5% from 14%-16% given earlier.
Sensex jumped 331 points or 0.55% to 61,068. Likewise, the Nifty 50 was quoting at 18,285 higher by 123 points or 0.68%.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 78 points at the opening bell.
Shivangi Sarda of Motilal Oswal Financial Services is bullish on Tata Steel with a price target of Rs 1,422 per share.
The Nifty rose 169.80 points, or 0.94 percent, to 18,161.75, a record closing high.
ICICI Securities projected that the revenue of IEX may increase by 30.80% CAGR to Rs 712 crore by FY24.
Overall market breadth was positive as 1,952 stocks on the BSE advanced, while 1,481 declined and 159 remained unchanged
Rajesh Agarwal of AUM Capital spoke to Money9 on what to expect from markets going forward
Asset management firms like Nippon Life India Asset Management, HDFC AMC, and UTI AMC are already listed on the stock exchanges.