• Benchmark indices gain for the sixth straight day
• Nifty up 0.47% at 11,613
• Sensex up 0.5% at 39,309
• Nifty Bank up 1.44% at 23,939
• Nifty Midcap index up 0.8%
• Nifty Smallcap index up 0.6%
• India Volatility Index down 2.8% to 18.36
• Nifty PSU Bank is the top sectoral gainer; up 3.4%
• Nifty Media is the other major sectoral gainer; up 1.6%
• Nifty Metal, Nifty Realty up 1% each
• Axis Bank is the top Nifty gainer; up 4.2%
• Tata Motors is the top Nifty laggard; down 1.6%
• 1,078 stocks on the NSE trade with gains while 574 decline

The currency opened flat in today's trading session after it ended at the highest level in five months on Thursday.

The rupee opened at 73.84 against the U.S. Dollar as compared to Thursday's close of 73.81. The currency was the best performer in Asia on Thursday.

The rupee is headed for its best week in four months as the central bank stayed away from dollar purchases amid lumpy inflows, Bloomberg News reports.

Within the bond markets, the traders are increasingly concerned that the RBI's rate cycle may be ending.

The weekly bond auction worth Rs 30,000 crore will take place today.

• Top gainer on the Nifty PSU Bank index
• Gains as much as 5.5% to Rs 111.4
• Biggest single-day gain in two months
• Trades at the highest level in two months
• Snaps two-day losing streak
• Today's volumes are more than double its 20-day average
• Stock bounces after taking support at 50-Day Moving average of 103.7
• Has gained 51% from its 52-week low of March 24, 2020
• Three out of the 18 analysts tracking the stock have a buy recommendation; 10 sell calls
• The stock trades 17% higher than its 12-month consensus price target of Rs 91.5, implying a negative return potential

The mining company reported a 41% decline in its June-quarter revenue to Rs 1,937.5 crore. The company's net profit more than halved year-on-year to Rs 533 crore.

Ebitda fell nearly 60% while margins contracted to 39% from 57.2% last year.

The company in its post earnings release said that it lost sales of over 23 lakh tonnes due to Covid-19, resulting in an overall revenue loss of Rs 737 crore during the April-June period.

The company's revenue from the Iron Ore business fell 40% while other businesses saw a revenue decline of over 70% from the previous year.

Overall sales of the company declined 28% to 62.75 lakh tonnes.

Shares gained as much as 10% - the most since February 2016 to Rs 105.7. The stock is trading at the highest level in over six months.