Benchmark domestic indices, the BSE Sensex and the NSE Nifty50, may open on a somber note on Wednesday amidst mixed global cues.
Key Global Market Indicators:
GIFT Nifty Futures: Up 27 points or 0.11% at 24,938 levels at 7:10 AM.
Wall Street:
Nasdaq Composite: Down 1.28%
S&P 500: Down 0.50%
Dow Jones Industrial Average: Up 0.50%
Asian Markets:
Japan’s Nikkei: Down 0.87%
Shanghai Composite: Down 0.02%
Hong Kong’s Hang Seng: Up 0.11%
South Korea’s Kospi: Up 0.38%
Asia Dow: Up 0.36%
Major Stocks to Watch Today:
- Vedanta
- GAIL
- Coal India
- BHEL
- Adani Power
- Q1FY25 Results on Wednesday:
- Key Companies Reporting:
- Adani Power
- Ambuja Cements
- Bank of Baroda
- Coal India
- Maruti Suzuki India
- Tata Steel
- Zee Entertainment Enterprises
Notable Earnings Reactions:
GAIL:
Net profit surged 77.5% YoY to Rs 3,183.35 crore.
QoQ net profit increased by 28.6%.
Tata Consumer Products:
Net profit fell 8.3% YoY to Rs 290.3 crore.
Dixon Technologies:
Net profit climbed 94.25% YoY to Rs 133.68 crore.
Sales increased by 101.12% YoY to Rs 6,579.80 crore.
Indus Towers:
Consolidated profit rose 42% YoY to Rs 1,925.9 crore.
Revenue increased by 4% YoY to Rs 7,439.4 crore.
Torrent Power:
Net profit surged 87.2% YoY to Rs 996.3 crore.
Revenue jumped 23.3% YoY to Rs 9,033.7 crore.
EBITDA increased by 56.8% YoY to Rs 1,857.9 crore.
Jindal Stainless:
Net profit fell 13.11% YoY to Rs 648.06 crore.
Revenue decreased by 7.4% YoY to Rs 9,429.76 crore.
Titagarh Rail Systems:
Net profit rose 8.4% YoY to Rs 67 crore.
Vedanta:
Announced receiving approval from 75% of secured creditors for its demerger scheme.
Vodafone Idea:
Received a penalty order worth Rs. 27.3 crore from the Commercial Tax Officer, Chennai South, Tamil Nadu.
Other Noteworthy Companies Reporting Q1FY25 Results:
- 360 ONE WAM
- Exide Industries
- Fine Organics Industries
- Force Motors
- Firstsource Solutions
- Granules India
- Greenpanel Industries
- Indiamart Intermesh
- Johnson Controls Hitachi
- Lloyds Metals and Energy
- Macrotech Developers
- MOIL
- Navin Fluorine International
- PTC Industries
- Rajratan Global Wire
- R R Kabel
- Sapphire Foods
- Shyam Metalics and Energy
- Star Health and Allied Insurance
- Tata Consumer Products
- Torrent Power
- Varun Beverages
- Vardhman Textiles
- Waaree Renewable Technologies
Investors should monitor these stocks closely for potential trading opportunities and be aware of the broader market sentiment influenced by global cues and sector-specific movements.
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