Markets today: Nifty reclaims 8,800-mark, Rupee at three-month high; watch these stocks

Domestic markets on Thursday opened in green recovering from the Reserve Bank of India (RBI) sixth bi-monthly monetary policy review on Wednesday. At 0922 hours Sensex was trading at 28,461.36, up 171.44 points or 0.61%, while Nifty was at 8,820.55, up 51.50 points or 0.59%. 

On 30-share benchmark, among top gainers were Power Grid (1.34%), Adani Ports (1.32%), Gail (1.24%), Hero MotoCorp (1.22%) and Axis Bank (1.17%). Among losers were Coal India (-0.31%) and Wipro (-0.25%). 

Indian Rupee too gained against the US Dollar breaching 67-mark to trade at its highest level in three months.

Stocks in Focus:

Hero MotoCorp: On Wednesday the company reported a decline of 2.67% in its net profit for the third quarter (Q3) of the current fiscal. Its net profit during the quarter under review stood at Rs 772.05 crore from Rs 793.23 crore in the same period previous fiscal.

Manappuram Finance: The company registered an over two-fold jump in its consolidated net profit at Rs 202.54 crore for third quarter ended December, 2016. Its net profit in the corresponding October-December quarter of 2015-16 was Rs 100.34 crore.

Union Bank: The bank reported 32.4% rise in net profit to Rs 104 crore for the quarter ended on December 31 as against Rs 78.5 crore during the same period last year.

Quarterly results today: Andhra Bank, Aurobindo Pharma, Bank of India, Bajaj Electricals, JK Tyre will be announcing their financial results for the quarter ended on December 31.

On global front, Asian stocks looked set to consolidate around four-month highs as a cautious Wall Street close and growing political risks in Europe force investors to the sidelines. MSCI`s broadest index of Asia-Pacific shares outside Japan was broadly flat, with early Asian markets such as Australia hemmed in tight ranges, as reported by Reuters.