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Tata Investment, along with six other companies, is set to announce their July-September 2024 quarterly results today. Tata Investment had previously reported a strong performance in Q1FY25, with a 117% sequential increase in net profit. The company also delivered significant returns over the last year, outperforming broader market indices.
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Sensex and Nifty fell, influenced by banking and financial stocks amid weak global market trends. Tata Power saw a breakdown below 430, suggesting further decline. Dabur India hit a major support zone at 530, indicating a potential rise. L&T's breakdown below 3430 points to a bearish trend.
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Samsung Electronics reported a 277% increase in operating profits to $6.6 billion, but still fell short of expectations due to challenges in leveraging AI chip demand and the strong Korean won. The semiconductor division saw a sharp 40% decline in profit.
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News and Media
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