Indian Oil Corporation (IOC) is likely to post a 23 percent sequential rise in its revenue but it may suffer a huge loss and a margin cut for the April to June 2022 period, according to a CNBC-TV18 poll of analysts.

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to begin the last trading session of the week sharply higher tracking gains across global markets, after a dovish remark from the Fed Chair eased concerns about steep hikes in interest rates going forward. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — jumped 211.5 points or 1.2 percent to touch 17,158.5 ahead of the opening bell on Dalal Street. Investors awaited more of corporate earnings from India Inc for domestic cues.

The Sensex and the Nifty50 saw sharp gains on Friday as easing concerns about steep hikes in interest rates boosted global equities.

At 9:55 am shares of GMM Pfaulder were trading at Rs 1,557, up 15.96 percent from the previous close on the BSE.