Domestic markets witnessed profit booking on Tuesday over expensive valuations despite positive global cues. L&T, Hero MotoCorp, Voltas, PB Fintech, LTIMindtree among others will be in focus due to various news developments and quarterly earnings.
Nifty ended flat with a gain of 1 point, awaiting an upside breakout. Artisan Partners divested a 1.2% stake in Indus Towers. S&P 500 hits a fresh record high. Vedanta considers minority stake sale in Zambian copper assets. Apollo Tyres’ Q3 net profit jumps 78%. Alibaba misses revenue estimates, boosts share buyback. Sobha’s net profit falls 53%. Foreign portfolio investors turn net sellers. JK Paper reports a 29% decline in net profit. Oil prices rise on lower-than-expected rise in US crude stockpiles. Get all the latest updates on the stock market.
Canara Bank and Bank of Maharashtra are planning to raise up to ₹4,500 crore in bond sales to meet the surging demand for credit in India’s rapidly expanding economy. Canara Bank will issue additional tier-1 (AT-1) bonds in a base size of ₹1,000 crore with a greenshoe option of ₹2,500 crore on December 7.
