While the Sensex rose 135 points to reach its lifetime high of 34,487, Nifty was trading 3 points lower at 10,616 level. The Nifty hit a new intra day high of 10,659 , breaching the earlier record of 10,631.20 level.

The revenues rose to Rs 35,305 crore for the quarter under consideration, up 30.4 per cent from Rs 27,071 crore for the corresponding quarter in the previous fiscal. The exceptional items that contributed to the loss, including the non-cash pension curtailment charges, aggregated to Rs 4,069 crore in the January-March quarter, and Rs 4,324 crore for the year, the company said.

Punjab National Bank posted their Q4 earnings with a Net Profit of Rs 261.9 crore with a strong loan book growth and asset quality improvement.

Sensex opened at a fresh record high, crossing its earlier mark of 30,366.4 while the Nifty too breached its earlier mark of 9,450.6. Large stocks performed well in early trade led by Reliance Industries.

Indian benchmark indices settled the day at record highs.

In what started as a massive market rally, Sensex and Nifty saw lifetime highs in trade today only to reverse gains to trade flat as the market inched towards the closing bell.

Benchmark indices ended the day on a flat note with Bank Nifty as the main sectoral loser.

The Sensex ended the session on a high note on the gains of banking stocks led by ICICI Bank.

S&P BSE Sensex ended the day at 30,029.74, 103.61 points lower (0.34%) while the Nifty50 settled the day at 9,342.15, down 9.70 points (0.10%).

The Indian benchmark indices opened higher with the BSE Sensex surging over 280 points. By midday, the market pared gains to trade lower and then plunged into the red nearing its close.

The BSE Sensex settled the day 29,461.45, plunging 182.03 points while the NSE Nifty closed the day 52.65 points lower at 9,150.

Protectionist measures by the government seem to have revived the domestic steel industry but Japan and China may play spoilsport by dragging India to the WTO.

The RBI and the government are forcing big borrowers to reduce leverage. Some companies are managing it better than others.

The company said in a statement that fourth quarter earnings were impacted due to one-off costs associated with the Britain business, such as impairment of non-current assets (Rs.1,724 crore), employee separation compensation (Rs.239 crore) and restructuring and other provisions (Rs.856 crore), among others.

JSW Steel, which had reported a net profit of Rs 329 crore in the year-ago quarter, said the latest consolidated results included a one-off charge of Rs 2122 crore on impairment of assets.

India Inc. has been very kind in distributing profits to their investors, but there is huge inconsistency between their profit and dividend payout growth.

The recent disappointing Q4 earnings season, coupled with sombre management commentaries, has cast a shadow over the extent of recovery possible in the current financial year.

Trade unions representing workers of Tata Steel in the UK will go on strike on June 22 over proposed changes to the company's pension scheme.

\"The F&O expiry and other negative factors including disappointing Q4 earnings by more bluechip companies have been hurting market sentiments,\" said a Delhi-based stock broker.

Shares of Tata Steel opened at Rs 350 and have touched a low of Rs 343.20 on the Bombay Stock Exchange so far.