MARKET UPDATE:Sensex up 300 points at 50,045 level while Nifty up 87 points at 14,960

Individually, Tata Steel, IndusInd Bank, Hindalco Industries, Axis Bank, and JSW Steel were the top gainers on the Nifty, rising up to 3 per cent. Tata Consumer Products and Eicher Motors were the only losers on the 50-share index, down up to 0.4 per cent.

In the broader markets, the S&P BSE MidCap and SmallCap indices gained 0.83 per cent and 0.93 per cent, respectively.

All the key sectoral indices were trading in the green amid across-the-board buying. The Nifty Metal index zoomed 2 per cent, trailed by the Nifty Bank index, up 1.5 per cent.

Thirty six companies including HUL, Bajaj Auto, Titan, Ambuja Cements, Inox Leisure, Bank of Maharashtra and Rain Industries are slated to post their March quarter results today.

Analysts expect HUL to post high double-digit growth in both net profit and revenues of the company on a yearly basis, supported by a lower base and improved traction in the out of home (OOH) and personal care segments.

Bajaj Auto is expected to post a solid growth in revenue and sales volume. However, the company’s Ebitda margin could come under pressure due to higher commodity prices and lower product mix on a quarterly basis, say analysts.