Business · Markets · 1 hr ago

Indian stocks in focus after market falls and companies report updates

Indian stocks in focus after market falls and companies report updates

Indian shares fell on Monday, with the Nifty 50 closing down 0.70% at 22,363.

Rising bond yields, foreign investor outflows and global uncertainty weighed on the market.

Several companies are drawing attention on Tuesday because of earnings and business updates.

HCL Technologies reported higher quarterly profit and declared a second interim dividend of Rs 12 per share.

RBL Bank’s profit rose sharply from a year earlier, while its provisions also increased from the previous quarter and the year-ago period.

At Nazara Technologies, a director was named executive and whole-time director, while its chief financial officer resigned.

IRCON won an Rs 862.46 crore railway contract, and Power Grid acquired two project companies to develop transmission infrastructure.

Sources

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