Muichiro.T
Active member
Indian stock markets are set for a weak start today, with the BSE Sensex and NSE Nifty50 indicating a gap-down opening following last Friday's profit booking and below-par June quarter results from Reliance Industries. Global markets are also down, with major indices like Nikkei and Kospi falling over 1%, while ASX200, Shanghai Composite, and Hang Seng declined by around 0.8% to 0.4%. Key companies reporting Q1FY25 results today include Coforge, Cyient DLM, and Mahindra Logistics. Notable corporate updates include Reliance Industries’ 5.5% profit decline, HDFC Bank's 35% profit growth, and Wipro’s 5.2% profit increase. Additionally, PVR Inox reported widened losses, SpiceJet faces auditor concerns, and Oberoi Realty saw an 82% profit rise. Various other firms like Railtel, KPI Green Energy, Zaggle, Mahindra & Mahindra, HDFC Life, JSW Infra, and Coal India have also made significant announcements or updates.