The Indian rupee has recovered a bit from its day's low as its trading lower by 18 paise at 69.87 per dollar versus previous close 69.69.
Adani Enterprises Q4 result: Consolidated net profit rose 50.5% at Rs 283.4 crore against Rs 188.3 crore, revenue up 35.5% at Rs 13,236 crore against Rs 9,767 crore, YoY.
One-time loss at Rs 160.5 crore, EBITDA up at Rs 707 crore and margin at 5.3%
Market Update: Benchmark indices extended the losses and trading at day's low with Nifty around 11,850.
The Sensex is down 232.44 points or 0.58% at 39517.29, and the Nifty down 70.10 points or 0.59% at 11858.70. About 949 shares have advanced, 1469 shares declined, and 131 shares are unchanged.
Shares of Bharti Airtel dropped 2 percent after promoter group firm Bharti Telecom reduced their holding to 41.24 percent.
V-Guard Industries gains post Q4 numbers: Shares of V-Guard Industries is trading higher after company reported Q4 net profit at Rs 59.2 crore against Rs 27.6 crore. Revenue was up 12.3% at Rs 742 crore versus Rs 661 crore, YoY.
Cadila Healthcare rises 4% post Q4 nos:
Consolidated net profit was down 22.1% at Rs 460 crore, revenue was up 15.3% at Rs 3,771.2 crore. Operating profit or EBITDA down 6.4% at Rs 800.6 crore, margin was at 21.5 percent.
Rupee at day's low: The Indian rupee has extended its morning losses and trading near its day's low. The domestic currency down 24 paise at 69.93 per dollar versus previous close 69.69.
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