Indian benchmark equity indices snapped their 5-day losing streak on Monday, ending with strong gains. The Sensex closed 602.75 points higher at 80,005, and the Nifty climbed 158.35 points to 24,339.15. Rupak De of LKP Securities said that Nifty’s strength above 24,000 could lead to a rally towards 24,500. A decisive drop below 24,000 might trigger panic
Posts in category Economic Times
Sun Pharma Q2 Results: Net profit jumps 28% to Rs 3,040 crore on higher sales (28-10-2024)
Sun Pharma reported a 28% year-on-year (YoY) jump in net profit to Rs 3040 crore in Q2FY25 led by higher sales growth in domestic formulation and global specialty portfolio.
Dixon Technologies, Apollo Tyres among 5 stocks with short covering (28-10-2024)
This usually causes a dip in open interest and can also push the stock price higher.
Sebi proposes allowing shared contact details for non-individual clients to simplify compliance (28-10-2024)
To enhance ease of compliance, Sebi on Monday proposed broadening its guidelines on shared contact details by allowing non-individual clients, such as HUFs, partnerships, trusts, and corporates, to use the same mobile number or email address under exceptional circumstances. Currently, this exception applies only to individual clients within a family.
JSW Infrastructure Q2 Results: Net profit jumps 40% to Rs 374 crore (28-10-2024)
JSW Infrastructure on Monday reported around 40 per cent rise in consolidated net profit to Rs 373.73 crore in the September quarter, aided by higher income. Its net profit for the period was Rs 266.87 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing.
IOC Q2 Results: Net profit plummets 99% YoY to Rs 180 crore on inventory losses, reduced refining margins (28-10-2024)
Indian Oil Corp’s net profit dropped 99% to Rs 180 crore in the July-September quarter from Rs 12,967 crore a year earlier on inventory losses and weak refining margins.
Finova Capital raises $135 million from Avataar Venture, Madison India and Sofina (28-10-2024)
Non-banking finance company Finova Capital raised $135 million from Avataar Venture Partners, Madison India Capital and Belgian investment fund Sofina to expand its equity as it looks to grow business by 30% annually.
Bharti Airtel Q2 Results: Profit shoots up 168% on strong ARPU growth, subscriber adds (28-10-2024)
Bharti Airtel’s consolidated net profit for the fiscal second quarter jumped 168% on-year on the back of strong average revenue per user (ARPU) growth and subscriber adds, although a Rs 318 crore exceptional loss caused it to miss estimates.
CarTrade Technologies Q2 Results: Profit skyrockets 6-fold to Rs 30 crore, revenue up 28% (28-10-2024)
Online classifieds and auto marketplace platform CarTrade Technologies reported a six-fold increase in consolidated net profit at Rs 30.72 crore for the second quarter ended Sep 30, 2024.
Gold prices rise by Rs 500 per 10 gm ahead of Dhanteras festivities (28-10-2024)
Gold prices went up by Rs 500 per 10 gm in the physical market today, a day ahead of Dhanteras, dampening the mood of consumers even though jewellers felt that the sales would be strong.