L&T Tech Q3 Results: On a sequential basis, net profit for the reporting quarter rose marginally by 0.9%, while revenues increased by 3%. In constant currency (CC) terms, revenue growth for the quarter was nearly 9% year-on-year (YoY), and in USD terms, revenues stood at $312 million.
The private sector banks, particularly large-cap ones, appear to have valuations that accommodate current headwinds. Large-caps offer attractive investment opportunities compared to mid-caps and small-caps, with expected earnings growth in FY26. Positive sectors include large private sector banks, technology, and selected consumer segments.
Similar levels would be closer to around 49,100 to 49,200, I think in that range we should see resistance going forward and probably another leg downwards could start from there and we could be headed towards 46,600 in the days to come.
Over 500,000 TikTok users migrated to Chinese social media platform RedNote due to potential TikTok ban in the US. RedNote lets users share lifestyle content. It has over 300 million monthly active users. RedNote's founders are Miranda Qu and Charlwin Mao. The app aims to improve its English-language tools to expand globally.
Pam Bondi, Trump's pick to lead the Justice Department, will face Congress amid scrutiny over her past loyalty to Trump and ethical controversies. Bondis previous role as Florida Attorney General, involvement in Trumps impeachment defense, and support for election fraud claims are key focal points.
B Prasanna from ICICI Bank discusses the recent depreciation of the Indian rupee due to global dollar strength, suggesting that allowing the rupee to depreciate, injecting liquidity, and considering a rate cut could support growth. He downplays concerns about macroeconomic impacts, citing low inflation and the potential for improved export competitiveness.
South Korea's impeached president, Yoon Suk Yeol, faces arrest in an insurrection investigation. The Corruption Investigation Office leads the inquiry. Yoon may be held in a solitary cell during questioning. Authorities must decide his formal detention within 48 hours. He could be detained for up to 20 days before possible indictment.
