Stock Market Highlights: Nifty Awaiting Upside Breakout, Artisan Partners Divests Stake in Indus Towers

Stock Market Highlights: Nifty Awaiting Upside Breakout, Artisan Partners Divests Stake in Indus Towers

Nifty ended flat with a gain of just 1 point and formed a small negative candle with lower shadow. Artisan Partners, an asset management company, divested a 1.2% stake in Indus Towers. S&P 500 hit a fresh record high, boosted by major corporate earnings. Vedanta is considering a minority stake sale in its Zambian copper assets to reboot mines. Apollo Tyres reported a 78% increase in its net profit for Q3. Alibaba missed analysts’ revenue estimates. Sobha reported a 53% decline in its net profit. Foreign portfolio investors turned net sellers. JK Paper reported a 29% decline in net profit. Oil prices rose on lower-than-expected rise in US crude stockpiles. Stay updated on the latest news and developments in the stock market.

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