Shares of Adani Ports gained over 3.5 percent intraday as investors reacted positively to the December quarter performance.

The company reported a 19.51 percent jump in its Consolidated Profit at Rs 1,001 crore for the third quarter ended December 31, 2017. The logistics arm of Adani Group had clocked a consolidated profit of Rs 837.58 crore in the corresponding period last fiscal, it said in a BSE filing.

Biocon shares gained 2 percent after the company and Sandoz, a division of Swiss-pharmaceutical major Novartis, said they have entered into a global partnership to develop, manufacture and commercialize multiple biosimilars in immunology and oncology for patients across the globe.