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Nestle, UltraTech Cement, IndusInd Bank, Havells, AU Small Finance Bank, HDFC AMC, Persistent Systems, Metro Brands and Oracle Financial Services Software are among the companies that will announce their results for September 2022 quarter today.

The foreign funds include BNP Paribas, BofA Securities, Citigroup Global Markets, Copthall Mauritius, Franklin Templeton, Goldman Sachs Investments, and Morgan Stanley.

Sojitz Corporation was established out of the union of Nichimen Corporation and Nissho Iwai Corporation

"A decisive move above 17,450-17,500 levels is likely to bring bulls back into the driver’s seat," said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.

Estimates given by analysts show that the cement major’s consolidated net profit could fall up to 38% from the year-ago number of Rs 1,314 crore.

Analysts had estimated that as per current rules, HDFC would have been excluded from the Nifty in December, which could see an outflow of around $1.3-1.5 billion from the passive funds. If NSEIL’s proposals are accepted, HDFC will be excluded on the ex-date, which will likely happen mid-next year.

Trendlyne data suggest that since November 2000, the company has declared 46 dividends. In the last FY, the firm announced a 2100% or Rs 21 per share, that at the current share price, amounts to a dividend yield of close to 5%.

HDFC enters into swap contracts for various durations on which it receives (buys) the applicable overnight index swap rate or government securities yield. While it pays the fixed coupons to its own bondholders, it covers the same through such a mechanism, effectively paying overnight rates on an ongoing basis.

"We are proud to have achieved a USD 1 billion annualized revenue run-rate in the second quarter on constant currency basis. Our momentum stayed strong in the second quarter with revenue growing sequentially by 4.5 per cent in constant currency. Investments into our EACV (Electric Autonomous Connected Vehicles) big bet has helped us win large deals consistently," Chadha said.

"We continued with our strong business performance in the second quarter, posting the highest ever second quarter revenue in the history of the company. Combined with the stand-out performance of the first quarter, our top-line for the first half of the year grew by 25 per cent year-on-year.