According to BSE data, at least 100 companies are scheduled to report their financial results for the July-September quarter today, Thursday, October 24. Additionally, several significant banks and blue-chip companies are expected to release their Q2 results this week.
This month marked the start of the second quarter results (Q2FY25) season, and this week and the following weeks will likely see the release of numerous well-known companies’ Q2 earnings reports. In addition to providing information on India’s overall economic situation, the earnings reports will have a big effect on the markets overall.
Q2 results
The following companies are announcing their Q2 results today: Indian Energy Exchange, Mahanagar Gas, Patanjali Foods, Petronet LNG, PNB Housing Finance, Tata Teleservices, United Breweries, Ujjivan Small Finance Bank, Adani Total Gas, Adani Wilmar, Bikaji Foods International, Castrol India, Chalet Hotels, Cyient, Coromandel International, Dixon Technologies, Go Digit General Insurance, ITC, IndusInd Bank, ACC, NTPC, Colgate-Palmolive India, JSW Energy, Godrej Consumer Products, Adani Wilmar,
Stock market
After global markets showed signs of weakness, the domestic stock benchmark indices, the Sensex and Nifty 50, are anticipated to open cautiously on Thursday.
Wednesday, October 23, saw a slightly lower ending for the Indian stock market. The Sensex ended the day trading at 80,081, down 0.17 per cent, while the Nifty 50 ended the session down 0.15 per cent, at 24,435.
On the outlook for the market today, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd., said, “Nifty opened with a gap down, but the index saw buying demand in the first half. However, in the second half, the index saw profit booking and concluded the day on a negative note at 24,436. INDIA VIX climbed 1.31% to 14.59, indicating a rise in market volatility. However, the broader market outperformed the benchmarks, with the Nifty Midcap 100 and Smallcap 100 indices rising by around 0.64% and 1.25%, respectively.”
