At 1 PM, while BSE 500 is down by 0.5 per cent, Blue Star, MAS Financial Services, Deepak Fertilisers and Petrochemicals Corporation were among the top 10 gainers of BSE 500.

Nifty IT has gained momentum with a few announcements for the technology sector in today’s Budget announcement. At the time of the closing bell, IT stocks such as HCL, Infosys, and Tech Mahindra climbed 3 per cent, 2.1 per cent & 1.8 per cent, respectively.

At the time of the closing bell, the shares of select companies such as Oberoi Realty, DLF, and Sobha were up by 5.8 per cent, 4.25 per cent & 2 per cent, respectively. 

One of the leading manufacturers of consumer products company Crompton has announced its Q3 results on Friday post market hours. Today, Nifty got momentum with positive global cues, whereas Crompton was able to ride the momentum with their Q3 results

A leading generic API company Laurus Labs has announced its Q3 results yesterday. Shares of the company were in sideways for three months since November. But from yesterday's afternoon (January 27) trading session, it is up more than 13 per cent with the results being published just before the market close.

Leading drug maker Cipla has announced its Q3 results a few days back. Ahead of the results, shares of the company got an upward momentum and gained 3.5 per cent in three trading days. Post-result, that is today it gained a decent 2.2 per cent that too when the overall market sentiment is bearish. 

It had a good rally with the Q3 result anticipation. The stock was up 15.78 per cent for the month till yesterday. Since Q3 results didn’t meet the expectation, the stock tumbled 15 per cent in the morning trading session. 

Smallcap stocks rally very fast as well as fall at the same pace. Because of disappointing numbers market punished the stock with a steep fall in price. In Q3FY22, revenue is down 14 per cent and net profit declined 44 per cent on YoY with high base effect and extreme margin pressure.

It had a good rally with the Q3 result anticipation, 13.75 per cent up for the month, 3.75 per cent up for the day. It is expected to be a buzzing stock tomorrow because of the impressive numbers.

The acquisition will strengthen Tech Mahindra’s capabilities in Digital Experience Solutions: Learning & development, marketing, instructional design; Engineering: Cloud & automation, BI & analytics, and technical support services.