Today’s Market News :
Global markets are suggesting Positive signals, so our Indian markets are likely to start with a Gap Up opening today.
Bitcoin surges 93% since January, outperforming gold and equities.
– Donald Trump’s pro-digital assets stance drives market optimism.
* Nifty is expected to bounce back from the lower range of 23,800 levels in the short term, with immediate resistance at 24,300 levels.
* Domestic markets closed with negligible losses as Flls continued to be net sellers, indicating a cautious sentiment among investors.
Nykaa is expected to report a threefold increase in net profit for Q2, reaching Rs 1900 crore, driven by strong performance in the beauty and personal care sector.
* The overall revenue growth is projected at 26% YoY, with the fashion vertical showing subdued growth.
* Analysts anticipate a slight improvement in EBITDA margin to 6.1%, indicating operational leverage in the beauty segment and reduced losses in fashion.
* The merger of Vistara with Air India is set to take effect from November 12, marking a significant consolidation in India’s aviation sector.
* Singapore Airlines will hold a 25.1% stake in the newly merged entity, which will operate under the Air India brand with a fleet of 208 planes.
