Live: Sensex, Nifty Decline; Sterlite Tech Up 4% Post Q2 Results

• Revenue down 15% to Rs 1,159.6 crore
• Net profit down 63% to Rs 58.5 crore
• Ebitda down 30% to Rs 202.5 crore
• Ebitda margin at 17.5% from 21.2%
• Deferred tax gain of Rs 16 crore in base quarter
• Current order book at Rs 10,705 crore
• Manufacturing operations exceed pre-Covid levels
• Nearly 30% of the total revenue in H1FY21 is from Europe
• Exports form 47% of the overall revenue
• Continued growth expected on a sequential basis in Q3 and Q4, in-line with the vision 2023
• All numbers are consolidated and compared on a year-on-year basis

Shares gained as much as 5% to Rs 159.45, post the announcement. The stock is up for the second day in a row.

Benchmark indices in Europe have opened lower for the fourth straight day amid record Covid-19 cases and more lockdowns.

The Stoxx 600 has opened 1.2% lower and fallen below its 200-Day Moving Average. All sectors are declining with technology and auto being the top laggards.

Most Asian markets have ended lower while futures on the Dow Jones are trading lower by 180 points.

Brent crude is currently trading little changed at $41.7 per barrel while Gold is trading at $1,917.9/Oz, down 0.3%.

Let's take a look at how the European Markets are trading:

• Euro Stoxx 50 down 0.8% at 3,155
• DAX down 1% at 12,433
• CAC down 0.7% at 4,819
• FTSE 100 down 0.6% at 5,743
• IBEX 35 down 1.1% at 6,741