Mukesh Ambani's Reliance Jio, however, continued to add wireless subscribers
The database of 194 companies has shown a revenue contraction of 2.6%.
The BSE Sensex jumped 70.42 points to end at 34,503.49, while the broader NSE Nifty finished at 10,651.20, up 19 points.
With telecom disruptor Reliance Jio not raising tariffs, incumbents Bharti Airtel and Vodafone Idea are focusing on the minimum monthly recharge and higher first recharge offers to ensure they retain only loyal and revenue-incremental subscribers, reports Romita Majumdar.
L&T is the preferred pick, but given the opportunities in the power T&D space analysts are also positive on KEC, ABB and Kalpataru
The transaction - the second one in less than a year - is seen as an effort to restore investor faith in the company following a dismal performance by its UK subsidiary, Jaguar Land Rover Automotive.
'Vodafone Idea has losses running over Rs 10,000 crore in the last four quarters.' 'It has long-term debt of about Rs 1.15 trillion.' 'Even post-issue, the debt service numbers won't be good,' points out Devangshu Datta.
Stock specific action is seen with some of the prominent companies posting their quarterly numbers.
Corporate revenues will decline for a third consecutive quarter in March on a YoY basis - one of the worst shows by these companies in many years.
In the past one week alone, Rajasthan, Madhya Pradesh, Chhattisgarh, and Andhra Pradesh have issued orders to take over private hospitals in some districts. Sohini Das, Vinay Umarji and Gireesh Babu report.
Large and small businesses alike have delivered low-key performances.
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
The 30-share Sensex, after opening on a strong footing, continued its upward march to hit an all-time high of 35,827.70. The NSE Nifty also hit a record intra-day high of 10,975.10, before finishing at 10,966.20, up 71.50 points.
Reliance Industries, Infosys and Tata Motors were the top contributors
The Sensex ended 290 points higher at 29,095 mark and the Nifty gained 94 points to close at 8,806 levels.
Investors widened their bets on optimism that upcoming general budget -- to be unveiled next month - would contain incentives for corporates, which will help boost the economy
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
Bank shares were the top gainers led by ICICI Bank.
Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
The upbeat earnings from Reliance Industries will set the tone for the truncated week ahead
The 30-share Sensex provisionally ended up 46 points to end at 28,122 and the 50-share Nifty gained 20 points to close at 8,514.
As infrastructure, power hardly deal in cash, its paucity has failed to affect their receivables
Samsung makes the largest number of non-4G feature phones in India
Gains were led by index heavyweights Reliance Industries and Infosys.
The BSE Midcap and Smallcap indices underperformed the largecaps and ended over 1% lower.
Asian markets were trading mixed with the Nikkei gaining after the US dollar strengthened against the yen.
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
Sensex ended up 41 points at 29,136 and Nifty gained 4 pts to 8,809.
Mid- and small-cap companies seem to have done better than top-tier companies
China's economy grew 6.7 percent in the second quarter from a year earlier.
Mittal said that overall, he expected that by March 2018, the "dust will settle down" for the entire industry.
The Sensex ended in red on domestic concerns.
Technical rallies and short covering may arise only if the markets break this 500 point band
Technically speaking, US equities have seen net losses since January. India is strongly influenced by US trends.
Re-instatement of 5% custom duty on crude imports will help.
Budget was a mild disappointment. Yet, the bull run continues.
'For how long can investors fund loss-making companies?'
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