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The underlying short-term trend of Nifty is positive. The market is currently placed at the edge of the upside breakout of the consolidation or triangle pattern around 18100 levels.

There are ideas floating on the streamlining of long-term capital gains tax across all asset classes. We expect this Budget to change long term capital gains for listed equities in line with real estate.

The NCLT on Friday ruled that the winning bidder can be handed over the airline and will be granted six months starting November 16, 2021, to pay back the banks that have lent the airline around Rs 8,000 crore. As per the resolution plan, JKC should make cash payment of Rs 185 crore to financial creditors within 180 days from this effective date.

Total income increased to Rs 14,159.60 crore in the latest December quarter from Rs 11,211.14 crore in the year-ago period, BoI said in a regulatory filing.

From the Sensex pack, L&T was the top gainer, rising over 3.5%. HUL, HCL Tech, HDFC Bank, HDFC, Reliance, UltraTech Cement and TCS also closed with gains.

"As part of the overall margin equation, there are efficiencies and the execution gross margin that we are focused on. It has improved from Q2 to Q3 but we want to make the right investments in capabilities in our sales teams as well as our overall ability to win larger deals and larger accounts. "

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The Nifty Auto index closed 0.57 per cent up at 12821.85.

The Nifty Bank index was trading 0.09 per cent up at 42204.8.

The bank has made provisions (other than tax) and contingencies to the tune of Rs 1,878 crore, an increase of 462% over Rs 334 crore provisioned during the same period last year. On the business front, domestic deposits increased marginally to Rs 5.56 trillion in the December quarter, while domestic advances increased 12% to Rs 4.26 trillion.