News for Permanent Magnets Limited (PERMAGN.BO)

Q4 results today: Among the key companies reporting today, Biocon will be under scrutiny for its revenue growth and profit margins. Hindustan Aeronautics, a major player in the aerospace sector, will also post its results.

On the sectoral front, BSE Auto index rose 5 percent, BSE Oil & Gas index gained 3 percent, BSE Energy index rose 3 percent.

Nifty need to sustain above 22,150 to end the consolidation and march towards the 22,500+ zone else profit taking may resume, says expert.