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Analysts said the central bank likely sold dollars from its reserves through market interventions in order to curb volatility in the exchange rate last week.

The FMCG index has rallied 11% in the last three months against a 6% gain in the Nifty. ITC contributed to 57% of the rally in the FMCG index in the past three months, while HUL, Varun Beverages, and Nestle contributed a little over 27%.

Tata Motors and M&M had carved out their EV arms into separate subsidiaries and raised significant funds through stake sales in 2021 and 2022, respectively, at handsome valuations.

US hedge fund Davidson Kempner (DK), Canyon Capital Partners and Varde Partners have also agreed to a three-year private credit line, with each contributing $200 million. Canadian pension fund Omers is also expected to join with $100 million while the rest will be distributed among smaller funds.

The Sensex surpassed the 62,000-mark with a breakout rally underpinned by the optimistic mood in global markets. The index closed at 62,501.69, up 629.07 points or up 1.02%, from the previous close. The Nifty briefly surpassed 18,500 before closing the day at 18,499.35, up 178.20 points or 0.97%.

The earnings were also hurt by the rise in exploration cost write-off, which increased 76% year-on-year to Rs 4,469 crore in the fourth quarter.

On a sequential basis, net profit for the quarter rose multifold from just Rs 10 crore reported in the December quarter.Revenue from operations rose by a meager 2% to Rs 8,226 crore in the March quarter, as against Rs 8062 crore in the same quarter of last year.

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State-owned engineers India Ltd (EIL) saw a Q4 profit increase of 25% to INR 159 crore ($22m) and new businesses secured rose nearly three-fold year-on-year to INR 4,700 crore. Despite profit for 2022-23 remaining steady, revenue from operations rose 7.5% YoY to INR 866 crore in Q4, with debtors and trade receivables also decreasing. EIL has already secured INR 650 crore worth of new business and its order book at end of March was INR 9,079 crore, with 15% from abroad, focused on projects in the GCC, Africa, Mongolia and Guyana.

Wockhardt had agreed to pay $36 million and interest over nine installments between 2022 and 2025 to the State of Texas in a drug pricing case that alleged that it was overcharged for drugs supplied to the Texas Medicaid Program.The company recorded a revenue of Rs.710 crore in Q4FY23 compared to Rs.666 crore in Q4FY22, registering a growth of 7%.