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Dow Jones closed at a record high on Wednesday. Other Wall Street indexes also ended higher, despite declines in tech shares, driven by gains in small-caps and financial stocks. Morgan Stanley hit a record close with strong earnings. Investors showed interest in financial stocks due to a favorable rate environment.

Benchmark Sensex fell by 318 points and Nifty slipped below 25,000 on Wednesday due to foreign fund outflows and weak global trends. Stocks in focus were Bajaj Auto, LTTS, and BSE. Bajaj Auto saw a slight rise, LTTS faced bearish pressure, while BSE shares declined significantly. Analysts suggest various actions for investors.

Today, 38 companies announce their Q2 FY24 results, including Infosys, Wipro, Axis Bank, and Nestle India. Infosys is poised for healthy growth driven by mega-deals, whereas Wipro may see a revenue decline. Axis Bank is expected to boost net profit by 8% with rising NII, and Nestle India projects a 5-7% revenue uptick.

FPIs had raised concerns about delays in their access to sale proceeds beyond the standard T+1 settlement date. These delays were primarily due to the erstwhile process adopted for obtaining tax clearance on their net sale proceeds, to ensure compliance with FEMA Regulations.

The company is a manufacturer of solar PV (photovoltaic) modules in India with an aggregate installed capacity of 12 GW (gigawatts).

The state-owned insurer is grappling with a solvency shortfall of ₹8,000 crore, with its solvency margin dropping to negative 0.49%, far below the regulatory minimum of 1.5%.

In a communication to bondholders, Goswami Infratech assured that it is not seeking a waiver on pricing conditions for its ₹14,300 crore non-convertible debentures (NCDs) but is asking for more time to meet capital market regulations. Additionally, the company has requested flexibility to sell remaining Afcons shares post-IPO, with proceeds earmarked for debt repayment.