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tocks to watch today hul zomato and quarterly earnings announcements

Stocks in focus include HUL, GE Vernova, Premier Energies, Ashoka Buildcon, BHEL, SBFC Finance, Zomato, and Sagility India. On November 26, Siemens, Ansal Properties & Infrastructure, and Unistar Multimedia are set to announce their quarterly earnings.

markets decline for seventh consecutive session as major stocks fall

Markets closed in the red for the seventh consecutive session, marking the longest losing streak since February 2023. The Nifty 50 index saw significant declines, with BPCL, TCS, Infosys, Trent, and Dr Reddy's Labs dropping 2.5-3 percent. In contrast, Hindalco, Hero MotoCorp, Tata Steel, HUL, and M&M emerged as top gainers, rising 1.5-4 percent.

SBI Securities analyst bullish on Indian Hotels and Zomato stocks

Sudeep Shah, Head of Technical and Derivative Research at SBI Securities, is bullish on Indian Hotels Company and Zomato, noting both stocks are above key moving averages. Indian Hotels is near all-time highs, while Zomato has rebounded strongly above its 20 and 50-day EMA levels. Shah warns that a sustained move below the BSE Sensex's 200-day EMA zone could trigger a sharp correction in the index.

quarterly earnings reports reveal mixed results across various sectors

The Q2 earnings season for FY25 is underway, with major companies like Apollo Hospitals, Kansai Nerolac Paints, and Trident set to release their results. While many firms have reported, the overall corporate earnings scorecard has been weak, with only 62% meeting or exceeding profit expectations, particularly in the consumption sector. Notably, GAIL's earnings missed expectations due to lower gas trading margins, while Power Grid's profit remained flat year-on-year.

Q2 2024 earnings season gains momentum with major companies reporting results

Major companies including Coal India, JSW Steel, DLF, and Interglobe Aviation are set to release their Q2 earnings reports today, joining a wave of firms that have already reported results. Notable performances include Reliance Industries with a profit decline of 4.8%, while HCL Technologies and TCS reported profit increases of 10.5% and 5.0%, respectively. ICRA's profit rose by 15.6% to Rs 36.72 crore, and Oracle Financial Services Software saw a significant profit increase of 38.4% to Rs 577.70 crore.

pharma sector faces growth slowdown while domestic market thrives

Pharma giants are experiencing a slowdown in earnings growth, primarily due to their reliance on the US generics market and a lack of major drug launches. Companies like Cipla, Dr Reddy's, and Aurobindo Pharma face challenges from rising competition and impending patent expirations, while midcap firms focused on the domestic market continue to thrive without the same pressures.

Hindalco and HUL among top gainers as markets remain flat

On October 24, the Sensex and Nifty remained largely flat, influenced by declines in FMCG and IT stocks, while financials and construction sectors offered some support. Hindalco, HUL, Aster DM, and Dr. Lal Pathlabs were noted among the top gainers and losers in the trading session.

Nifty Faces Volatility as Banks Gain and FMCG Stocks Decline

Nifty tested 24,400 amid market volatility but closed off the day's low, with broader markets facing selling pressure. The NSE advance-decline ratio stood at 2:3, with FMCG, realty, and autos lagging, while banks and pharma gained. Key gainers included Ultratech, Shriram Fin, and SBI, while HUL and Hindalco were among the notable losers.

Nifty struggles to maintain support as market faces third consecutive loss

The Indian equity market faced a third consecutive day of losses, with the Nifty closing below 24,500 and struggling against key resistance levels at 24,550 and 24,700. Immediate support is seen in the 24,400-24,350 range, and a break below could lead to levels around 24,200-24,000. Global cues are subdued, and attention is on HUL following disappointing volume growth, along with key earnings reports from ITC, IndusInd Bank, and NTPC.

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