The survey aims to collect and assess qualitative assessments of the business climate by companies in India's manufacturing sector for Q2FY20 and their expectations for the current quarter. 

Indian equity benchmarks gained over half a per cent on Wednesday, on the back of better-than-expected corporate earnings from some frontline companies. This was the second consecutive day of rise for the domestic markets, crossing the crucial 40,000 (Sensex) and 11,850 (Nifty) level.

Ramco Cements has reported results for second quarter ended September 30, 2019. The shares of the company gained over 6 per cent intraday on Wednesday owing to result announcement.

The stock of United Bank of India hit its upper circuit of 20 per cent before closing for trading at Rs. 8.9 per share on Wednesday. The surge in the stock price was due to improved financial results announced by the bank for Q2FY20.

RBI has imposed a penalty of Rs. 1 crore on Bandhan Bank due to failure to bring down the shareholding of Bandhan Financial Holding to 40 percent of its paid-up voting capital within three years from commencement of the business of the bank.

The Kochin Metro Rail project is aimed at providing inland water transport using electric or hybrid technology. Total requirement of KMRL stands at around 78 high quality boats of international standards.

The stock price took a beating after company's second quarter results. It reported net loss of Rs. 1061.99 crore for the quarter as compared to loss of Rs. 651.55 crore for same quarter of last fiscal year. 

The strong positive bias, which the Indian markets are currently trading with, is not likely to subside anytime soon. In early action, the SGX Nifty is trading higher by 3 points at 11,809 levels. There is not much on the global front to drive the markets today as global cues are mixed, hence, the earning season will continue to drive the sentiment on the D-Street. 

Overall, the bulls are in the driver seat and, we believe, there is still some steam left on the upside until the music stops and actually breaks the key support. We would advise traders not to argue against what the market is telling you through the price action. Stocks in news: Central Bank of India, Bandhan Bank, Lemon Tree, InterGlobe Aviation, Wipro and PVR.

Alembic Pharmaceuticals has reported results for second quarter ended September 30, 2019. The shares of the company gained around 2 per cent intraday on the back of the result announcement.