Tue, Oct 29, 2024 3:08 PM
IGL shares rally 5% even as Q2 net profit declines 18% YoY
A Flip by Shubhangi Gupta
📌L&T, Tata Power and Dabur will be in focus as the companies will announce their second quarter results today. 📌Torrent Pharma are expected to remain in focus on as company's promoter could sell 2.9% stake. 📌Marico reported a 20% in consolidated net profit to Rs 433 crore for the Sept quarter. 📌NTPC announced commissioning of commercial operations of a 32.90 MW solar plant in Rajasthan.
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Asian stocks eked out gains following mixed results from Wall Street tech companies and as traders prepare for next week’s US election and Federal Reserve rate decision. Shares gained in Japan, but slipped in Australia and South Korea. US contracts advanced in Asia after the S&P 500 closed up 0.2% and the Nasdaq Composite rose to a record.
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📌Nifty 50 ended the previous trade session 1,810.5 points away rom its record high of 26,277.35. 📌Wall Street indices were mixed. 📌Nasdaq hit a fresh record high, while the Dow Jones continued to underperform and the S&P 500 ended with minor gains. 📌Asian equities gained in early trade today. 📌Indian stocks react to quarterly earnings, with Marico, CONCOR, and others reporting.
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