Stock market LIVE update: Domestic equity markets were trading with gains of more than 1.30% in Wednesday’s noon trade. At 1:13 pm, S&P BSE Sensex was trading with a gain of 767.2 points or 1.57% at 49,711.34. The Nifty 50 index was trading 197.20 points or 1.35% higher at 14,850.25. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks:

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TVS Motors + Other Auto Stocks

TVS Motors: Hits 10% upper circuit and trading 12.56% up. The third-largest motorcycle company TVS Motor has reported a 290.5% YoY rise in profits at Rs 289 crore for the quarter ended March 31, 2021, as compared to Rs 74 crore posted last year in the same quarter. Sequentially, the profit grew 8.6% from Rs 266 crore posted in the December quarter. 
Auto Stocks: Auto Stocks were on a run with Nifty Auto Index zoomed 2.57%. Auto stocks, like Maruti Suzuki – up 1%, Tata Motors – up 2.07%, Eicher Motors – buzzing and trading 4.49% up, Ashok Leyland – up 2.47% and Force Motors – up 2.35% among others – were trading with a rise. 

Axis Bank + Other Banking Stocks

Axis Bank: Up 0.34%. The private lender has reported a profit of Rs 2,677 crore for the quarter ended March 31, 2021, as against a net loss of Rs 1,387 crore posted in a year-ago quarter.
Banks: Banking stocks were on a buzz with the Nifty Bank index trading with a gain of 1.63%, Nifty PSU Bank index trading 2.14% higher and Nifty Private Bank index trading 1.52% higher. All the banking stocks were trading with gain and some of the gainers were SBI (up 2.76%), ICICI Bank (up 2.20%) and IndusInd Bank (up 3.68%). 

Bajaj Finance twins and other NBFCs

Bajaj Finance: Buzzing and trading with a gain of 6.86%. The non-banking finance company Bajaj Finance reported a 42% YoY rise in profits at Rs 1,347 crore for the quarter ended March 31, 2021. It had posted a net profit of Rs 948 crore in the same period last year. 
Bajaj Finserv: Buzzing and trading with a gain of 3.62%. The company has reported its March quarter results today.  
Other NBFC companies were also on a go with Magma Fincorp trading 1.75% higher. The company has received all the necessary statutory and regulatory approvals towards change in control and change in management of the Company from the Reserve Bank of India.

Info Edge: Up 1.84%. Food delivery platform Zomato files draft offer document with SEBI for Rs 8,250 crore IPO. The company will issue fresh equity shares worth Rs 7,500 crore.

Buzzers

Anupam Rasayan: Bullish and up 4.19%. Anupam Rasayan India has received a letter of intent amounting to Rs 1,100 crore from one of the top ten multinational life sciences company, for supplying life sciences related speciality chemicals. The company will be providing multiple products in the category to the multinational firm for the next five years.
AurionPro Solutions: Buzzing and 5.25% up. The technology company said that its subsidiary has announced a strategic alliance with Mastercard to provide services in the areas of contactless ticketing for transit operators and system integrators, enabling digital fare media adaptation and implementation globally.
Britannia Industries: Down 1.09%. The food and beverage company has reported a 3.3% year-on-year decline in the consolidated profit at Rs 360 crore for the quarter ended March 31, 2021. It had reported a net profit of Rs 372.4 crore in the same quarter in the previous financial year. 
HDFC AMC: Down 1.79%. It has reported a 26% YoY rise in profit at Rs 316 crore for the quarter ended March 31, 2021. It had reported a net profit of Rs 250 crore in the same quarter of the last financial year. The board has recommended a dividend of Rs 34 per share subject to the approval of shareholders at the AGM. 
Nippon Life India Asset Management: Down 1.10%. NAM-India on Tuesday reported a year-on-year profit of Rs 166.7 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 3.7 crore in the same quarter last year. The board has recommended a final dividend of Rs 5 per equity share. 
UBL: Up 3.43%. The company has reported a 133.33% YoY rise in consolidated profit at Rs 98 crore for the quarter ended March 31, 2021. It had posted a net profit of Rs 42 crore in the same quarter last year.