Metals, consumer durables, and oil & gas sectors showed strong profit growth in the September quarter. Two of these sectors now trade above their long-term average valuations. Other sectors saw modest profit increases or declines. Investors are advised to consider PSU banks, banks, BFSI, IT, and select steel companies for potential upside.
The Securities and Exchange Board of India (Sebi) is proposing to simplify the process for investors to obtain duplicate share certificates. The regulator suggested increasing the simplified documentation limit for duplicate securities to 10 lakh from 5 lakh, acknowledging the growth in market capitalization and investor portfolios. This move aims to reduce procedural burdens and enhance convenience for investors.
Sunil Mittal-led Indian Continent Investment plans to sell approximately 0.56% of its Bharti Airtel stake, valued at around 7,200 crore, via a block deal. The entity will offload 3.43 crore shares, potentially at a 3% discount to Tuesday's closing price. This move follows a similar stake sale in August.
The Indian Rupee saw a slight dip on Tuesday, closing 6 paise lower against the US Dollar at 89.22. Domestic equity market weakness weighed on the currency. Falling crude oil prices offered some support. However, foreign fund outflows kept the Rupee under pressure. This follows a significant recovery on Monday after hitting a lifetime low on Friday.
A year ago, Hammond Morton junior Josue Pedraza, 16, couldn't get his Robotics friends to leave him alone about joining the team. Today, not only is Josue Team Hammond's biggest cheerleader, he can teach any neophyte interested in robotics the ropes via a computer app he created for the U.S. Congressional Code Challenge this fall. His creation earned him first place in Indiana's First Congressional District, which he learned during a Tech Fair event at Purdue Northwest's Challenger Learning Center Monday night.
After a weekend update to the social media platform X, owners of some political accounts, and many others, are located in regions such as South Asia, Africa and Eastern Europe.
