Here is your daily market roundup covering the top 20 stock market updates, major corporate earnings, policy moves, and index performance.
- Indices Rebound: Domestic equity benchmarks broke a multi-day slide as the Sensex rallied over 480 points to close above 73,600, while the Nifty 50 reclaimed the 22,700 mark.
- Govt Reviews Market Levies: The government has initiated consultations with market participants and tax experts to review LTCG and STT structures amid continuous foreign institutional investor (FII) outflows.
- Paytm Net Profit Surges: One97 Communications reported a 10-fold jump in Q2 net profit to ₹225 crore, supported by a 28% increase in revenue.
- Tata Sons Board Governance: Noel Tata raised governance-related questions regarding the reappointment resolution for N. Chandrasekaran as Executive Chairman of Tata Sons.
- Indian Overseas Bank (IOB) Growth: IOB posted a 56% YoY jump in Q2 net profit to ₹1,912 crore and announced plans to raise $500 million via external borrowings alongside an upcoming QIP.
- Ather Energy Swings to Profit: Ather Energy turned EBITDA and PAT positive for the first time, unveiling a ₹122 crore capex plan to expand annual capacity by 2.25 lakh units.
- ITC Hotels Q2 Surge: Ahead of its standalone listing, ITC Hotels reported a 52% rise in net profit to ₹203 crore, driven by a 26% growth in revenue.
- Tata Consumer Earnings: Tata Consumer Products posted a 16% YoY increase in quarterly profit to ₹470 crore, backed by 14% revenue expansion.
- Sectoral Leaders: Nifty Metal and Nifty Pharma led sector-wide gains, climbing nearly 2% during trade.
- Supreme Industries Strong Numbers: The company logged a 59% rise in quarterly net profit to ₹262 crore, driven by volume growth and stable input costs.
- Bank of Maharashtra Asset Quality: Bank of Maharashtra registered a 41.5% profit rise to ₹2,310 crore as asset quality improved and provisions declined.
- Dhanlaxmi Bank Performance: Dhanlaxmi Bank reported a sharp turnaround as net profit more than doubled to ₹48.55 crore for the quarter.
- Tamilnad Mercantile Bank (TMB) Record: TMB recorded a 42% YoY jump in quarterly profit to an all-time high of ₹451 crore.
- Sona BLW Precision Results: Auto component maker Sona BLW Precision registered a 29% increase in net profit to ₹223 crore on the back of 35% revenue growth.
- JioBlackRock Mutual Fund: JioBlackRock filed draft offer documents with SEBI to introduce two new funds: the Life Cycle Fund 2056 and the Ultra Short Term Fund.
- REC Q2 Update: State-run REC reported a 21% dip in quarterly net profit to ₹3,478 crore amid a marginal drop in operating revenue.
- EPFO Reserve Fund: EPFO is evaluating the creation of a ₹25,000 crore reserve fund to ensure stable annual interest payouts to subscribers.
- Rupee Moves Range-Bound: The Indian Rupee traded near 95.19–95.22 against the US Dollar amid fluctuating crude prices.
- Anthropic IPO Filings: Global attention turned to Anthropic’s blockbuster US IPO filing, revealing $16.3 billion in revenue alongside major backing from Amazon and Google.
- Global Cues & Fed Watch: Brent crude steadied while global markets remained cautious ahead of the upcoming US Federal Reserve monetary policy meeting.
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