Markets firmed up in late trades and the Sensex topped 26,000 led by telecom shares and RIL
The exchange has experienced a sharp drop-off in listings this year
Q1 consolidated net profit more-than-halved at Rs 17 crore against Rs 53 crore, due to lower operational income.
Analysts estimate limited downside risk from current levels, though valuation expansion or earnings surprises look unlikely.
Tata Motors, Sun Pharma, Lupin, Asian Paints, Atul Limited, Page Industries and Alembic Pharma from BSE-500 index hits record high.