Business · Markets · 3 hrs ago
Indian stocks rise as companies report mixed September-quarter results
Indian stocks extended their recovery, with the Nifty 50 rising 1.05% to 22,937 on Thursday.
The move came as buying spread beyond banks, and the index closed above the 22,800 level that a market analyst said could act as near-term support.
Several companies are drawing attention as they report results for the September quarter of FY27.
Trent’s profit rose 25.3% from a year earlier, while Suzlon Energy’s fell 69%, partly because the year-ago quarter included a one-time tax benefit.
IndiGo’s loss narrowed year on year to Rs 1,879 crore but widened from the previous quarter, while Vedanta Power returned to profit.
Investors are also watching a possible 12% stake sale in Sagility by its promoter, as well as other company updates.
These results and developments are expected to shape attention in the next trading session.
Indian equities extended their recovery on Thursday, with the Nifty 50 rising 1.05% to close at 22,937.
Buying momentum spread beyond banking stocks.
September-quarter results were mixed, with Trent and Vedanta Power reporting higher profits while Suzlon Energy’s profit fell.
IndiGo narrowed its year-on-year loss, though it was wider than in the June quarter.
- Who
- Indian equities and companies reporting September-quarter results.
- What
- The Nifty 50 rose, while companies reported mixed results.
- When
- Thursday; the results were for the September quarter of FY27.
- Where
- India.
- Why
- Buying momentum broadened beyond banking stocks; investors were also tracking company earnings and other developments.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Nifty 50 close
- 22,937
- Nifty 50 daily change
- Up 238 points, or 1.05%
- Trent September-quarter profit
- Rs 468.09 crore, up 25.3% year on year
- Suzlon Energy September-quarter profit
- Rs 394 crore, down 69% year on year
- Vedanta Power September-quarter profit
- Rs 83 crore, compared with a loss of Rs 1,688 crore a year earlier
- IndiGo September-quarter loss
- Rs 1,879 crore, compared with Rs 2,582 crore a year earlier