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Indian companies are showing robust profit growth, with a double-digit year-on-year increase in net profit for the fourth consecutive quarter. While sectors like oil, gas, and retail are performing well, banking, finance, and IT are lagging. Analysts anticipate a multi-quarter earnings upcycle, boosted by economic stimuli and policy measures.
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Indian stock markets will operate on October 20. A special Muhurat trading session is scheduled for October 21, marking the new Samvat year. The markets will be closed on October 22. Experts anticipate festive optimism and corporate earnings to influence market sentiment. Investors are advised to focus on quality stocks.
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The government is upgrading its portal to quickly return unclaimed shares and dividends to investors. This new system will use artificial intelligence and data analytics. The aim is to settle claims in just 15 days. Investors will also be able to use a mobile app to track their claims. This initiative will streamline the process significantly.
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