"domestic-market"

IndiGo Managing Director Rahul Bhatia urged the government to reduce aviation taxes and rationalise airport charges, saying lower airfares would spur demand. He also defended the airline's market dominance, citing expansion into underserved routes and rising operating costs

Accordingly, the company sold 49,002 units in the domestic market during the month under review.

"We want the government to immediately regulate the exports to ensure the supply of yarn to the domestic industry," Tirupur Exporters Association President Raja Shanmugam.

The company rolls out the bike with over 90 per cent localisation from its Manesar (Haryana) based manufacturing facility.

According to the automobile manufacturer, the net profit during the quarter under review rose to Rs 1,941.4 crore from Rs 1,564.8 crore during the corresponding period of previous fiscal.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.16 per cent to 92.46.

ICICI Bank was the top gainer, surging around 3 per cent, followed by Infosys, HCL Tech, Axis Bank, Bharti Airtel and Bajaj Finance.

ICICI Bank was the top gainer in the Sensex pack, jumping over 5 per cent, followed by Axis Bank, Nestle India, SBI, HDFC, ONGC and Kotak Bank.

"Going ahead, market is expected to remain positive but with sector/stock specific action. Investors would now track earnings season and watch out for management commentaries."