Average yields on the rupee-denominated corporate bonds rose after Moody's Investor Services downgraded India's sovereign rating to Baa3 - one level above junk.

Yields on the top-rated 10-year corporate bond rose as much as 7 basis points, Bloomberg reports quoting traders. This will be the biggest jump in nearly two weeks, according to Bloomberg data.

Yields on the top-rated three-year note also rose 7 basis points, according to traders, snapping a five-session losing streak.

• Overall demand impacted due to lesser power demand and excess domestic cargo available at coal mines.
• Sales volumes will be impacted in Q1FY21 as will the margins due to excess flow of supply in the market.
• Demand for coal expected to return to normal as lockdown begins to ease.
• Lower sales volume and loss of production volumes has impacted solar manufacturing business.
• Structural reforms in coal and mining sectors will positively boost business scenario over the next year.
• Since mining is a contract business, the company does not carry any pricing risk.

Shares are off the day's high, trading little changed at Rs 150.30.

• Revenue up 30.4% to Rs 335.4 crore
• Net profit more than quadruples to Rs 42.7 crore
• Ebitda nearly triples to Rs 69.2 crore
• Ebitda margin widens to 20.6% from 9.9%
• Becomes a debt-free company. Cash of Rs 94 crore on books at the end of FY20
• Europe, U.K. business grows 23.5% in FY20
• Australia & New Zealand business grows 26.6% in FY20
• All numbers are compared on a year-on-year basis

Shares are locked in an upper circuit of 10% at Rs 26.30 and are up for the third straight day. The stock has gained 33% in the last six trading sessions.

• Benchmark indices consolidate but hold on to gains
• Nifty up 0.7% at 9,897
• Sensex up 0.7% at 33,540
• Nifty Bank up 0.6% at 20,083
• Nifty Midcap Index up 1%
• Nifty Smallcap Index up 2.1%
• India Volatility Index down 1.6% to 30.25
• Nifty Realty Index remains top sectoral gainer; up 2.6% but off the day's high
• Nifty Auto, FMCG, Metal and PSU Bank indices trade with minor losses
• Zee Entertainment is the top Nifty gainer; up 5.1%
• Coal India remains the top Nifty laggard; down 3.5%
• 1,246 stocks on the NSE trade with gains while 469 decline

The solar EPC solutions provider informed the exchanges regarding the commissioning of its maiden solar PV project in Oman.

It has become the first Indian company to commission a solar PV project in the region.

The company had received the order from Amin Renewable Energy Company, which supported by the Japanese-Omani consortium, the exchange filing said.

The project has an installed capacity of 125 MW (DC), according to the press statement.

Shares rose after the announcement and are now locked in an upper circuit of 5% at Rs 152.60.