Infosys climbed 3 percent post upward revision in full year guidance, but could not propel market higher.

Private sector lender IndusInd Bank will declare its third quarter (October-December) earnings on Friday. According to CNBC-TV18 poll, analysts expect strong growth in topline as well as bottomline, but net interest margin may fall in the quarter gone by.

Profit after tax of the bank is expected to grow 21 percent year-on-year to Rs 328 crore and net interest income may rise 23 percent Y-o-Y to Rs 712 crore in the quarter ended December 2013.

Analysts say the loan growth is likely to remain strong at over 20 percent. Brokerage house expect it at around 24 percent.

Nilesh Shah of Envision Capital says revenue growth was expected to be tepid. According to him, Infosys (Infy) might be one of the few companies with capacity utilization of less than 80 percent. He says above 80 percent, it could lead to margin expansion.

The company’s utilization has inched up 1 percent, which is seen as a big positive. Shah says it has the potential to move much higher over the next few quarters as the IT major tries to bag a lot of transformational deals.

Infosys’ adjusted net profit rose 19.4 percent , higher-than-expected, quarter-on-quarter to Rs 2,875 crore in the quarter ended December 2013. The company has raised its dollar revenue guidance to 11.5-12 percent from 9-10 percent earlier, in-line with analysts’ expectations of 11-12 percent.

He expects the Infosys stock to be in the consolidation zone as the recent highs are likely to act as significant resistance. He feels the Street will be focusing on dollar revenue growth, which is lagging behind its peers.

Shares in Industries fall 1.2 percent after its global peer Alcoa Inc , the largest US aluminium producer, reported a massive quarterly loss on Thursday and gave a stagnant outlook on global aluminium demand. Excluding the impairment charge of USD 1.7 billion on smelter acquisitions and other special items, Alcoa group earnings fell to USD 40 million, falling short of analysts expectations.

Dipan Mehta, member, BSE & NSE said that Nifty’s chart pattern of rising bottoms and rising tops seems to be under threat, which is a worrisome signal, but, one positive is that the participation of retail investors is catching up. “There is a slight improvement in the average turnover cash market for BSE and NSE by at least about 10-12 percent over the past couple of weeks,??? he added. Global economic turmoil and weak macros at home kept retailers away from the market.

The Sensex rose 36.05 points to 20,749.42, and the Nifty gained 8.65 points at 6,177. About 617 shares have advanced, 607 shares declined, and 288 shares are unchanged. India’s second largest IT services exporter Infosys reported 19.4 percent growth (higher-than-expected) quarter-on-quarter in net profit at Rs 2,875 crore for the quarter ended December 2013.

“During the quarter, we saw early but promising results of our initiatives to increase efficiency in our operations,” Rajiv Bansal, chief financial officer. The IT exporter raised its full year (FY14) dollar revenue guidance to 11.5-12 percent from 9-10 percent earlier, which was largely in-line with analysts’ expectations of 11-12 percent.