Stock Market Today: GIFT Nifty on the NSE IX increased by 17.5 points to trade at 19794, indicating that Dalal Street would begin the day on a down note. On the daily charts, the Nifty closed the day 80 points higher and formed a tiny red candle with a tiny lower shadow. Nifty’s short-term trend is still up, and price action is range-bound. As Treasury yields increased and chipmaker shares decreased following the Biden administration’s announcement that it wanted to stop shipments of sophisticated artificial intelligence processors to China, the Nasdaq closed lower while the Dow and S&P 500 were practically flat on Tuesday.
Rupee as well as oil prices rises
In line with an upward trend in local markets, the rupee steadied in a small range on Tuesday and ended the day 2 paise higher at 83.25 against the US dollar. Oil prices increased by about $2 in early trade on Wednesday as industry data revealed a larger-than-anticipated draw in U.S. oil storage and concerns about Middle Eastern supply disruptions as a result of the escalating Israel-Hamas war.
Stock Market Today: Bajaj Finance Q2 reported net profit of Rs 3551 crore
Bajaj Finance missed estimates on October 17 when it announced a consolidated net profit of Rs 3,551 crore for the July-September quarter of the current fiscal year, an increase of 28% from the same period last year. As a result of increased net interest revenue, booked new loans, and improved asset quality, Bajaj Finance’s net profit increased. According to Bajaj Finance, the total number of loans booked during the quarter increased by 26% to 8.53 million from 6.76 million during the same period the year prior.
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER
