Markets showed resilience and extended gains amid mixed global cues as expectations of strong September quarter earnings lifted investors’ sentiments. The uptrend texture is likely to continue up to 17,880-17,900 levels. On the flip side, below 17,750, it may trigger quick intraday correction up to 17,710
US stocks rebounded sharply from Monday’s rout, with the Dow Jones adding more than 300 points and both the S&P 500 and the Nasdaq gaining more than 1%. Tech stocks rose, and Facebook shares climbed 2%, recovering from losses the day before due to an outage that shut down its social media and messaging platforms. Crude oil prices climbed higher on Tuesday, extending recent gains following the Organization of the Petroleum Exporting Countries and other major oil producers including Russia, collectively known as OPEC+, deciding to stick to their plan of gradually raising crude production
Stocks in news
Arihant Superstructures to raise up to Rs 500 core through securities
Marico sees revenue growth in second quarter in ‘low twenties’, witnessed healthy consumer sentiment across categories in its India business
PepsiCo logs double-digit volume growth in Q3 in India, rose 33 per cent to $1.66 billion as against $1.25 billion
Class 8 truck order decline may impact near-term outlook for Bharat Forge
NCLT asks Zee to file reply to Invesco’s plea for EGM by Oct 7
HDFC Bank launches Festive Treats 3.0 with over 10,000 offers, with over 10,000 merchants across more than 100 locations
Anil Agarwal-led Vedanta eyes buying govt’s stake in Hindustan Copper
Airtel conducts India’s first rural 5G trial along with Ericsson
AstraZeneca seeks US emergency approval for Covid-19 antibody cocktail
Mahindra Logistics ramps capacity, adds 14,000 jobs ahead of festive season
IDFC First Bank clocks 10% loan growth in Q2 at Rs 117,243 crore
HDFC Bank’s advances up 15% in Q2 of FY22, cites growth in rural India
Ministry asks Coal India to invest in electric vehicles, charging pods
Govt mulling to broaden PLI scheme to attract gaming device makers, Indian gaming market poised to reach $3.9 billion by 2025
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