Indian stock markets ended lower on Thursday due to a sell-off in software companies and persistent selling by foreign institutions. The BSE Sensex decreased by 553 points and the Nifty50 dropped by 135.5 points. Software exporters like HCLTech and Tech Mahindra saw significant declines, while drugmaker Cipla and infrastructure major Larsen & Toubro were among the gainers.
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Ahead of Market: 10 things that will decide stock action on Friday (31-10-2024)
Indian benchmark indices experienced their worst monthly performance since March 2020 due to record foreign outflows and weak corporate earnings. The NSE Nifty 50 fell by 0.56% and the BSE Sensex dropped by 0.69%, both losing around 6% in October. Analysts anticipate continued volatility, with key support for Nifty at 24,000 and resistance at 24,500.
Uber shares slide 8% as slowing bookings growth spooks investors (31-10-2024)
Bookings growth, a key measure of ridership for online taxi operators, slowed to a more than one-year low in the third quarter and fell short of analysts’ forecasts.
Top 5 stocks with year-over-year quarterly net profit growth (31-10-2024)
This metric helps assess a company’s financial performance over time, showcasing its ability to increase earnings compared to past results. Positive growth signals robust operational efficiency and strong demand.
US stocks open lower after Meta, Microsoft cost warnings (31-10-2024)
Wall Street’s main indexes opened lower on Thursday as warnings from Meta Platforms and Microsoft about rising AI costs sobered some of the buzz around megacap stocks, which have been the market’s primary driver this year.
Tata Investment Q2 Results: Cons revenue grows 15% YoY to Rs 142 crore. Net profit flat at Rs 124 crore (31-10-2024)
Tata Investment Corporation reported a flat net profit of Rs 124 crore in Q2FY25. Total revenue stood at Rs 142.48 crore, up 15% YoY. Dividend income was Rs 102.14 crore, while interest income was down YoY and QoQ. The stock closed at Rs 6,890, up 1.74% on Thursday
Tata Investment Q2 Results: Cons revenue grows 15% YoY to Rs 142 crore. Net profit flat at Rs 124 crore (31-10-2024)
Tata Investment Corporation reported a flat net profit of Rs 124 crore in Q2FY25. Total revenue stood at Rs 142.48 crore, up 15% YoY. Dividend income was Rs 102.14 crore, while interest income was down YoY and QoQ. The stock closed at Rs 6,890, up 1.74% on Thursday
Market Trading Guide: HFCL, TVS Motor among top stock recommendations for Friday (31-10-2024)
Indian benchmark indices closed in the red on Thursday, marking their second consecutive decline amid volatility. IT stocks led the downturn, though FMCG and bank stocks provided some support. Nifty ended at 24,205.35, down 135.50 points or 0.56%, while the S&P BSE Sensex fell 553.12 points, or 0.69%, to 79,389.06.