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However, total income during the quarter under review rose to Rs 7.59 crore from Rs 2.58 crore in the year-ago period.Expenses soared to Rs 8.62 crore from Rs 1.93 crore a year ago.

Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 105856.24 Crore) operating in Auto sector.

The Nifty IT index was trading 2.1 per cent down at 26566.45.

RITES is a midcap company, operating in the transport consultancy and engineering sector having diversified services and geographical reach, with a market cap of Rs 5,730 crore.RITES will operate and maintain shunting locomotives for a period of 10 years.

"As far as the rupee is concerned, broader dollar strength is also not impacting the currency and RBI continues to actively intervene to curtail the volatility. We expect the USDINR pair to trade with a positive bias and is headed towards 79.00-79.50 in the short term as long as 77 is held on the downside."

Inflation is simply a rise in the prices of goods and services. It is increasing day by day, and so is your cost of living. As per the government data, it’s 7.79 per cent which is calculated considering the basic needs of an individual.First, it’s important to understand what inflation is.

“I will keep pharma and IT on radar. IT is looking more promising than pharma so on a ranking scale, IT first and then pharma next but pharma needs to confirm from a market perspective on the price charts that it is reversing from there. Nifty Smallcap is nearing support at about 8,200. If it tries to hold then we can explore possibilities out there but that will be just a trading play and not an investment play.”

“A sharp downgrade of growth estimates by the US Fed cannot be bullish for Indian technology companies. Demand has to moderate. Be careful buying the sector just because the stocks are near 52-week lows,” independent market expert Sandip Sabharwal said.

Gold futures on MCX were trading lower, easing about 0.10 per cent or Rs 52 to Rs 50,934 per 10 grams. Meanwhile, silver futures dropped close to 0.21 per cent or Rs 128 at Rs 61,399 per kg.

“RIL’s AGM tends to be announcement-heavy, and expectations run high in the run-up to the AGM (like the last three), and this year they centre on concrete timelines being announced for IPOs of the consumer business,” the brokerage said in a report released on Wednesday. “We do not expect any concrete timelines from this year’s AGM on the consumer businesses IPOs (Jio and Reliance Retail),” it said.