Market Report
- Sensex Today | Stock Market LIVE Updates: The Indian markets are on volatile terrain. The Nifty has fluctuated and is now down about 70 points, falling below the 25,900 mark. The Sensex index is down over 250 points, taking the index below to 84,600. Metal stocks continue to make gains, with Hindalco and Tata Steel among the gainers, along with the likes of Eicher Motors and Tata Motors.
- KPIT Tech had reiterated that its overall funding plan will be a mix of internal accruals and external borrowing to execute this merger and acquisition (M&A) strategy. It said it is proactively securing external borrowing to fund these acquisitions, while ensuring a healthy cash balance.
- Gautam Trivedi, Managing Partner at Nepean Capital, is optimistic about the financial sector, citing M&A activity, CEO changes, and restructuring as key growth triggers across banks, NBFCs, and gold loan firms.
- Richard Harris, Executive Director at Port Shelter Investment Management, emphasized the long-term strategic value of gold, comparing its current prospects to its strong performance during the 2008 financial crisis.
- Q2 Results LIVE Updates: Yet another earnings-heavy day beckons for the Indian equity markets as participants not only brace for the large line-up of companies reporting results today, but also for the numerous earnings reactions that will take place at the start of trade for companies that reported after market hours on Monday. Stocks like JK Tyre, KFin Tech, Mazagon Dock, Indian Oil Corporation, Indus Towers, Sai Silk Kalamandir, PNB Housing Finance, Sona BLW, Canara Robeco AMC, among others will be reacting to their results today. Watch this space for all the live updates.