₹3,581 crore for the March quarter, driven by a one-time gain from a stake sale in its credit card unit. The Nifty banking index gained 3.2%.Among other shares, Reliance Industries Ltd hit a record high of ₹1,618 in intra-day trade.
Tata Motors Ltd was the top gainer in the Nifty 50 index, ending up 12.44%. The company-owned Jaguar Land Rover said it raised $705 million loan from Chinese banks.Here is what market experts said on today's market action:Jimeet Modi, Founder & CEO, SAMCO Securities"The index is now approaching crucial moving averages and resistance clusters which might act as resistance going ahead.
However, there is no immediate crucial sign of weakness to rely on. The trend on higher time frame for Nifty is bearish and index.