Benchmark indexes dropped for the third consecutive session, down 0.6% due to heavy selling in IT stocks and rising Middle East tensions. US futures show mixed trends.
Brent Crude: 89.69 -0.46%
USD INR Spot: 83.619 0.13%.
India 10Y Bond yield: 7.199 0.32%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Exide Industries was the top gainer.
Infosys was the top loser.
Earnings Update:
CRISIL Ltd: Net Profit: Rs. 137.7 cr 5.5% YoY; Revenue: Rs.758.8 cr 3.6% YoY.
TCS: Net Profit: Rs. 12,434 cr 9% YoY; Revenue: Rs.61,237 cr 3.5% YoY.
News
Gold and silver prices hit fresh all-time highs, driven by strong international market trends amid escalating tensions in the Middle East, with gold reaching Rs 73,750 per 10 grams in the national capital.
Cipla Ltd will acquire Ivia Beaute Pvt Ltd’s cosmetics and personal care distribution and marketing business, including brands Astaberry, Ikin, and Bhimsaini, worldwide for Rs 130 crore, as per a regulatory filing.
The Mahindra Group plans to develop a 150 MW hybrid solar and wind project at a cost of Rs 1,200 crore, in partnership with Ontario Teachers’ Pension Plan Board. Set for completion within two years, the project will use over 80% locally sourced parts.
Coal India Limited’s capital expenditure rose 6.5% to Rs 19,840 crores, surpassing its Rs 16,500 crore target, with a focus on coal transportation infrastructure and land acquisition. Land acquisition costs surged 52.5% to Rs 5,135 crores.
GAIL intends to double the Dabhol LNG terminal’s capacity in Maharashtra and construct new terminals across India to leverage increased gas imports. The expansion aims for 12 MTPA by 2030-31, said chairman Sandeep Kumar Gupta.