Stocks in news: Bharti Airtel, LIC, Titan, ONGC, Bharti Hexacom, Glenmark Pharma and Astral
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian equity markets surged 576 points on Thursday as the Nifty 50 closed at 24,536.60.
- ✓Bharti Airtel, LIC, Titan, ONGC, Bharti Hexacom, Glenmark Pharma, and Astral will remain in focus on November 6.
- ✓Many companies reported strong September quarter profits, though Glenmark Pharma saw a profit fall during this period.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 8 Minute(s)
- Market Focus
- India Economy
Synopsis
Indian equity markets continued their upward trend, highlighted by the Nifty 50 gaining 576 points. Bharti Airtel, LIC, and Titan Company reported strong profit increases for the September quarter. ONGC also posted a substantial rise in consolidated profit compared to last year. In contrast, Glenmark Pharmaceuticals faced a significant decline in net profit this quarter. Overall, corporate developments are influencing investor sentiment as markets react to earnings reports.
Indian equity markets extended their winning streak to a sixth consecutive session on Thursday, with benchmark indices witnessing a sharp and broad-based rally. The Nifty 50 surged 576 points, or 2.40%, to settle at 24,536.60. The benchmark closed above its 20-day, 50-day, 100-day and 200-day simple moving averages (SMAs), signalling a significant improvement in its technical structure, according to Hariselvan Radhakrishnan, Founder and CEO of HST Wealth. He sees the next resistance at around 24,775, while 24,330 is the immediate support level.
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The Economic Times
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