Excellent results of TITAN
TITAN posted excellent results in the second quarter. The company’s revenue has increased by 66 percent. At the same time, the profit has more than doubled to Rs 641 crore. TITAN’s margin has also almost doubled. In the second quarter ended 30 September 2021, the company’s profit has increased from Rs 199 crore in the second quarter of the previous financial year to Rs 641 crore. At the same time, the income has increased to Rs 7170 crore from Rs 4318 crore in the second quarter of the last financial year.
ITC profit up 14%
ITC’s results in Q2 have been close to estimates. There has been an increase of 12% in REVENUE and 14% in profit. Margins have shown improvement. There has been great growth in the hotel and paper business.
L&T profit up 46%
L&T’s results in the second quarter have been close to expectations. REVENUE 12% then profit 46% jump. Margins have also shown improvement. L&T has said that the business outlook has turned positive due to the COVID vaccination program.
INDUSIND BANK GOOD RESULTS
INDUSIND BANK has presented good results in the second quarter. Profits have jumped 73%. Earnings from interest have also increased by 12%. Asset quality has also shown improvement. At the same time, the profit of BAJAJ AUTO has increased by 12%. But margins have been under pressure.
07:46AM
Mixed signals from global markets
There are mixed signals from the global markets. Asian markets and SGX Nifty are seeing gains. DOW FUTUERS is also up. Crude oil prices have also softened. On the other hand, the US markets were mixed yesterday. However, DOW futures are bullish. The DOW and S&P 500 slipped from higher levels in yesterday’s trading. Investors await US 3Q GDP figures. Crude has seen a decline due to increase in inventory in the US. Gold is seen at $1800 in the international market. The crypto has lost 10% in the last 1 week.
asian market
Looking at the Asian markets, SGX NIFTY is seen up by 25.50 points. At the same time, Nikkei is seeing a fall of 0.91 percent around 28,833.84. Whereas Straight Times is seeing a rise of 0.21 percent. At the same time, Taiwan’s market is trading at a level of 17,088.89 with a slight increase of 0.08 percent. Whereas Hang Seng is seen at the level of 25,620.92 with a letdown of 0.03 percent. At the same time, the strength of 0.16 percent is seen in Kospi. While the Shanghai Composite is seen with a weakness of 0.44 percent at 3,546.61.
Monthly expiry of October futures series will be monitored today
The eyes of the market will be on the monthly expiry of October futures series today. In a poll of CNBC-Awaaz, 80% EXPERTS is of opinion that the expiry of NIFTY could be between 18100 to 18300.
Beauty product brand NYKAA’s IPO to open today
Today the IPO of beauty product brand NYKAA will open. Its price band is between Rs 1085 to 1125. The company plans to raise Rs 5352 crore. NYKAA has raised Rs 2396 crore from anchor investors. The company has received bids worth 95000 crores.
strategy on nifty
of Nifty The first resistance zone is visible at 18246-18290. At the same time, the big resistance zone is at 18324-18356. Its base zone is at 18159-18119 and the larger base zone is at 18055-18010. Heavy volatility is possible today in a limited range due to expiry. Heavy call writing is seen at 18200-300-400-500. Put writers dominate at 18000-18100. Not a good day to trade indices. Keep an eye on 18159-18119-18100. Expiry pullbacks are possible from these levels. Watch IT stocks today, yesterday there was a pullback from lower levels.
strategy on nifty bank
Its resistance zone is visible at 41550-41290. At the same time, the big resistance zone is at 41410-41540. The base zone is at 40690-40550. The big base zone is at 40470-40350. Initially challenges are possible depending on the setup. According to option writers, the index will remain in a limited range. Trading is difficult. There is heavy call writing at 41500-41000. Put writers dominate 40000-40800. Focus on stocks, expiry move is possible in last hour. 40600-800 is the largest zone possible for an expiry move.
Facebook us for social media updates (https://www.facebook.com/moneycontrolhindi/) and Twitter (.) to follow.
.