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Axis Securities expects sales growth to moderate to mid-single-digit growth of 4.6% at Rs 8,923 crore on weak demand (consumer inflation and easing pent-up demand). The volume growth is likely to be negative during the quarter under review. The brokerage expects EBITDA margins to decline 100 basis points YoY, mainly due to lower operating leverage. Analysts at Axis Securities expect PAT to decline 2.6% to Rs 989 crore during the quarter under review.

Given the flat-fee model, a lean cost structure and its market leadership in retail derivatives, the stock remains a convincing play on the Indian capital markets.

ICICI Lombard General Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 58351.19 Crore) operating in Financial Services sector.

"There was some buying, tracking moves in other bond yields after the BOJ decision," said Rajeev Pawar, head of treasury at Ujjivan Small Finance Bank. "Broadly, caution will still prevail till the federal budget announcement," he added

State-run banks sold dollars on the day, four traders said, but were unsure of the purpose. They also reckoned some bond-related inflows were trickling into the market.

According to Nuvama Wealth, if the merged entity continues to have foreign investment limit above 15%, one could see incremental inflows of close to $2.5-3.0 billion ahead of the adjustment of the weightage in the MSCI index.

From the Sensex pack, Tata Steel and L&T were the top performers, rising over 2%. Wipro, HDFC Bank, HDFC, Bharti Airtel, NTPC and ITC also closed with gains

The 30-share BSE Sensex closed up 390.02 points at 61045.74

These 10 smallcap stocks witnessed the highest selling by mutual funds in December month. >> For more such web stories click on the ET icon below

Under the FPO, the employee quota has been fixed at 5%, retail at 35%, non-institutional at 15%. Anchor investor bidding date for the FPO has been fixed on Jan 25.