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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.

nvidia strengthens presence in india with hindi model and key partnerships

Nvidia has announced significant partnerships in India, including a collaboration with Reliance to build AI infrastructure and the launch of a Hindi language model, Nemotron-4-Mini-Hindi 4B. CEO Jensen Huang emphasized India's transition from software export to AI export, predicting a 20-fold increase in computing power by year-end. The company is also training 500,000 developers in AI technologies, aligning with India's ambitions to enhance its semiconductor industry and establish itself as a major tech player.

Indian stock market ends lower amid final hour selling pressure

Indian stock markets ended on a negative note on October 23, with the Sensex down 138.74 points at 80,081.98 and the Nifty down 36.60 points at 24,435.50, despite initial gains. The session was marked by volatility, with final hour selling pressure erasing earlier intraday gains. Among the top gainers were Bajaj Finance, Bajaj Auto, and Tech Mahindra, while M&M and Sun Pharma were among the notable losers.

Indian markets close lower as final hour selling erases gains

Indian markets closed lower on October 23, with the Sensex down 138.74 points at 80,081.98 and the Nifty falling 36.60 points to 24,435.50. Despite initial gains, final hour selling pressure led to losses, influenced by mixed global cues. Top gainers included Bajaj Finance and HCL Tech, while M&M and Sun Pharma were among the notable losers.

Nifty and Sensex decline as midcaps outperform amid mixed sector performance

Nifty and Sensex have erased early gains, with Nifty failing to hold above 24,500, while the smallcap index rose by 1%. IT and FMCG sectors showed gains, but autos, pharma, and metals lagged behind. Key gainers included Bajaj Finance and Tech Mahindra, while M&M and Sun Pharma were among the top losers.
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