From The Economic Times · Kumar Gaurav · · 2m
Stocks in News: RIL, Wipro, Jio Financial, Tata Communications, YES Bank, PNB
Indian markets rebound as key stocks like Reliance Industries and Wipro report Q2 results.
In brief
Indian markets rebound as key stocks like Reliance Industries and Wipro report Q2 results. Reliance Industries, Wipro, Jio Financial, Tata Communications, YES Bank, and PNB are in focus as investors track Q2 earnings and corporate developments. Originally reported by The Economic Times.
Market Rebound
Indian equity benchmarks staged a broad-based rebound on Thursday, with the Sensex and Nifty gaining more than 1% as buying momentum strengthened through the session.
Nifty Technical Outlook
The Nifty 50 closed at 22,997, rising 375 points, or 1.66%. From a technical perspective, the 23,000, 23,100 zone remains an immediate resistance level for the Nifty.
Reliance Industries Focus
Akash Ambani has set his sights on securing a significant share of India's projected $1.4 trillion digital economy by FY31.
Wipro Q2 Results
The Bengaluru-based IT services company expects revenue growth in the third quarter of FY27 to range between -1.5% and 0.5% sequentially in constant currency terms.
Tata Communications Profit
The company's consolidated net profit surged 86.3% year-on-year to Rs 341 crore in Q2FY27, compared with Rs 183 crore a year earlier.
Jio Financial Services
The financial services company reported a 51% year-on-year decline in profit after tax to Rs 340 crore in Q2FY27, compared with Rs 695 crore in the year-ago quarter.
YES Bank Legal Update
The Supreme Court on Thursday upheld the Bombay High Court's 2023 ruling quashing YES Bank's decision to write off Additional Tier-1 (AT-1) bonds worth approximately Rs 8,415 crore during its 2020 financial crisis.
PNB and Other Stocks
Punjab National Bank (PNB), YES Bank and several other companies are likely to remain in focus on Thursday, October 15, as investors track quarterly earnings, corporate announcements, fundraising plans and legal developments.
Q2 Results Today
DLF, Punjab National Bank, LTM, Federal Bank, Bajaj Housing Finance, Oberoi Realty, Himadri Speciality Chemical, Urban Company, Jindal Saw, E2E Networks, Crompton Greaves Consumer Electrical, Ujjivan Small Finance Bank, Jayaswal Neco Industries, Tejas Networks, Raghav…
The headline
Reliance Industries, Wipro, Jio Financial, Tata Communications, YES Bank, and PNB are in focus as investors track Q2 earnings and corporate developments.
