Adani Wilmar's Q2FY25 revenue increased 17.9% YoY to INR 144,605 Mn, driven by strong growth in the Food & FMCG segment. EBITDA and adj. net profit also rose 294.1% and 302.8% YoY, respectively, but missed estimates due to high operating expenses. The target price is lowered to INR 373 per share, maintaining an 'ACCUMULATE' rating.

Amid the festive season, gold December futures prices opened at a new lifetime high of Rs 79,535/10 grams on Wednesday, gaining Rs 300 or 0.38% while silver opened flat at Rs 98,431/kg, down by 0.3% or Rs 300.Gold prices at MCX had also hit a new high of Rs 79,281/10 grams in Tuesday’s session, on the auspicious occasion of Dhanteras.

BCL Industries, a key player in the recycling sector, announced a significant rise in standalone net profit for the September quarter, with earnings surging 64 per cent to Rs 21.01 crore. This contrasts sharply with the Rs 12.83 crore loss reported in the same quarter of the previous fiscal year, 2023-24, as per the company’s exchange filing on Tuesday.

Shares of Torrent Pharma slipped as much as 4 percent on October 30 after a block deal worth Rs 3,238.90 crore took place in the counter with promoter Torrent Investments being the likely seller. At 09.33 am, shares of Torrent Pharma were trading at Rs 3,113.25 on the NSE. The block deal also tipped off a spike in trading volumes in the counter.

Prestige Estates Projects shares will be in focus after the firm reported a steep 77.4% year-on-year (YoY) decline in net profit to Rs 192.2 crore for the second quarter, driven primarily by a Rs 106 crore deferred tax impact linked to recent changes in the tax code, including the removal of indexation benefits on capital gains. The company’s revenue, however, edged up by 3% to Rs 2,304.4 cr.

Adani Enterprises' shares are in focus after reporting a 664% year-on-year jump in consolidated net profit to Rs 1,742 crore for the September quarter, driven by rapid growth in logistics, energy transition, and adjacent sectors. The company's board has approved a Rs 2,000 crore fundraising plan through Non-Convertible Debentures.

Marico's shares surged 9% after reporting strong September quarter earnings, driven by 5% domestic volume growth, 28% food revenue growth, and 8% growth in Bangladesh. Brokerages Jefferies and Nomura maintained their "buy" ratings, citing accelerated revenue growth and resilience in premium and mass consumption segments. Marico's shares are trading 5% higher at ₹660.35.

Shares of Godavari Biorefineries Ltd. made a negative debut on the stock exchanges. The company's shares listed at ₹308 on the NSE, marking a 12.50% discount to its issue price of ₹352 per share. Ahead of its debut, the company's shares were trading with a grey market premium of ₹5. Considering the upper price band of ₹352, the stock was expected to see a flat or even negative listing.

Oil prices stabilised on Wednesday on industry data showing a surprise drop in U.S. crude and gasoline inventories, following two previous sessions of losses on the prospect of hostilities easing in the Middle East. Brent crude futures gained 21 cents, or 0.3%, to $71.33 a barrel by 0002 GMT. U.S. West Texas Intermediate crude futures rose 22 cents, or 0.3%, to $67.43 per barrel.

📌Gold touched a record high on Wed, with U.S. election jitters supporting bullion prices. 📌Spot gold was up 0.1% at $2,778.27 per ounce, as of 0026 GMT. Bullion inched up to an all-time high of $2,778.79, marking a significant bullish run in market. 📌U.S. gold futures rose 0.4% to $2,790.60. 📌The Nov. 5 U.S. election has entered its final stretch, with uncertainty lifting bullion demand.

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YEIDA is launching a residential plot scheme near the Noida International Airport, offering 821 plots in Sectors 18 and 24A, with applications opening on October 31 and closing on November 30, and a draw scheduled for December 27. YEIDA CEO Arun Vir Singh said the scheme provides another chance for those eager to build homes close to the airport.

China's currency and equities will bear the brunt of a protectionist shift in the U.S. and are seen trading sensitively to the election's trade and foreign policy implications. Investors say a win for Donald Trump, particularly if accompanied by a Republican sweep of Congress, is expected to squeeze the yuan and shares in export sectors.

Google parent Alphabet Inc. showed on Tuesday that an expensive foray into artificial intelligence is starting to pay off, delivering better-than-expected traction for its cloud computing business and driving more usage for its flagship search engine. Reporting healthy gains in both revenue and profit, Google did much to allay Wall Street concerns that the company has squandered an early lead.

Investors are turning to Asian sovereign bonds to ride out the US election, giving a boost to markets that have already benefited from billions of dollars of foreign inflows this year. Asset managers such as Allianz Global Investors, Franklin Templeton and Gama Asset Management are bullish on government debt in Asia ex-China.