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Shares of Hindalco Industries hit a high of Rs 553.50 during the day. It closed at Rs 547.25 on NSE.

Shares of Balaji Telefilms surged over 14 per cent on NSE following the development.

For the nine month period ending December 31, 2021 consolidated profit grew to Rs 354.40 crore from Rs 221.91 crore registered in same period previous fiscal.

On BSE, the shares surged 19.99 per cent on Thursday to lock in upper circuit limit of Rs 381.8 apiece.

Sebi, in January, came out with a framework for operationalising the gold exchange, wherein the yellow metal will be traded in the form of EGRs.

Though the intent of the RBI to support the recovery in the economy in the face of disruption due to Covid is commendable, economists will now fear whether the RBI will fall behind the curve, having maintained the easy monetary stance longer than most other central banks had

Given the next week’s options data, the levels of 17,600 will act as an inflection point as it holds the highest Put and Call OI accumulation

The Chennai-based company reported a consolidated profit of Rs 149 crore, down 71% on-year.

"Even now, global liquidity is high and central bankers are still printing money and the Fed balance sheet is still expanding. But that is going to change over the next two, three months and then these kind of loss leadership valuation will not sustain and we will get these stocks at much cheaper rates. When that fall happens, then people lose interest in these companies. At that time, some of the companies with good models will be available at reasonable prices."

For the day, the index closed at 17,605.85, up 142.05 points or 0.81 per cent. At an intraday high of 17,639 levels, the index tested its 20-day moving average and witnessed marginal pullback