PC Jeweller shares touched Rs 15.50, a fresh 52-week high, after the jeweller cleared all consortium bank debt, secured the release of mortgaged assets and reported 28% Q2 revenue growth.
Indian equities closed higher on Friday, October 16, with the Sensex at 74,729 and the Nifty at 23,146, as IT and metal stocks extended a rally that began with Thursday’s sharp jump.
Jio Platforms’ ₹30,200-crore IPO opens for bidding on October 21. At the top of the price band, the listing would lift Reliance Group past the Tata Group as India’s most valuable conglomerate.
Wipro’s September-quarter profit dipped to ₹3,201 crore while large deal bookings fell 58.6% to a near four-year low. Management expects delayed deals to close in Q3, but analysts say the stock’s valuation recovery may take longer.
The Dow Jones Industrial Average climbed 556 points on Thursday while chipmakers slid for an eighth straight day. Here is what drove the rotation, from hot inflation data to Anthropic’s slowing revenue growth.
The Dow Jones Industrial Average notched a third straight gain on Monday as Salesforce lifted the blue-chip index, but a Micron-led selloff and rising crude prices kept the S&P 500 and Nasdaq in the red ahead of a heavy week of bank earnings and inflation data.
Bajaj Finance’s board has cleared a Rs 11,700 crore QIP and a Rs 5,800 crore preferential warrant issue to promoter Bajaj Finserv, taking the total capital raise to Rs 17,500 crore. Shareholder approval is next.
