Snap, the parent company of Snapchat, reported better-than-expected third-quarter results, with revenue up 15% to $1.37 billion and adjusted earnings of 8 cents per share. CEO Evan Spiegel highlighted improvements to the app's user experience, including the rollout of Simple Snapchat, and growth in augmented reality and direct-response advertising.
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The Nifty index consolidated with a bearish undertone, closing the week with a modest gain, but staying below crucial resistance points, with volatility expanding and the India VIX surging 8.68%. The Nifty oscillated in a 363-point range, with immediate support at 23900 and resistance at 24450 and 24580.
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Sebi releases a consultation paper on the review of issue and listing of debt instruments and security receipts, proposing changes such as a minimum ticket size of ₹ crore for regulated entities, a revised limit of 200 investors for private placement, and specific guidelines for debt/receivables and investor rights.
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