Benchmark indices ended in the red, breaking their two-day gain. US futures are trading slightly higher.
Brent Crude: 86.92 0.63%
USD INR Spot: 83.2692 0.00%.
India 10Y Bond yield: 7.358 -0.15%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Pidilite Industries was the top gainer.
Siemens was the top loser.
Earnings Update:
Bharti Airtel: Rs. 1,341 cr 37.5% YoY; Revenue: Rs. 37,044 cr 7.3% YoY.
Castrol India: Net Profit: Rs. 194 cr 4% YoY; Revenue: Rs. 1,183 cr 5.5% YoY.
DLF: Net Profit: Rs. 622.8 cr 30.6% YoY; Revenue: Rs. 1,347.7 cr 3.5% YoY.
GAIL: Rs. 2,405 cr 70% YoY; Revenue: Rs. 31,822.62 cr 1.25% YoY.
Marico: Net Profit: Rs. 360 cr 17.3% YoY; Revenue: Rs. 2,476 cr 0.8% YoY.
P&G Hygiene and Health Care: Net Profit: Rs. 210.69 cr 36.4% YoY; Revenue: Rs. 1138.35 cr 8.9% YoY.
TVS Motor: Rs. 537 cr 32% YoY; Revenue: Rs. 8,145 cr 13% YoY.
News
The Securities Appellate Tribunal has reversed the regulatory ban on Punit Goenka, CEO of Zee Entertainment. This allows Goenka to lead the upcoming merged entity of Zee and Sony Pictures Networks India.
Vodafone Idea is set to finalize funding discussions with investors this quarter, according to CEO Akshaya Moondra. An additional Rs 2,000 crore from promoters is expected alongside external investments. The company will repay the spectrum dues bank debt by March’s end.
Blackstone acquired 75% of Care Hospitals for $700 million and a stake in Kims Health. Subsequently, Care will gain a majority in Kims Health. Together, they’ll run 23 facilities across 11 cities.
The government’s fiscal deficit reached Rs 7.02 lakh crore in April-September, accounting for 39.3% of the year’s Rs 17.87 lakh crore target. This widened from Rs 6.43 lakh crore in April-August and is up from 37.3% of the previous year’s target for the same period.