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The earnings season sees 70 companies, including notable players like Bajaj Finance, Adani Green, Zomato, and Paytm, reporting their Q2 results for July-September 2024. Key expectations include significant revenue and profit jumps for Zomato and Bajaj Finance, while Paytm may face widened losses despite higher revenue growth.
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Shares in Australia, Japan, and South Korea all fell, while futures for benchmarks in Hong Kong pointed to losses. Thats after equities in the US dropped from nearly overbought levels, following a relentless advance to all-time highs.
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The selloff in October is in contrast to their activity in the rest of 2024. So far this month, foreigners have sold stocks worth 6,100 crore daily on average. They were buyers to the tune of 500 crore daily on average between January and September.
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News and Media
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