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Gold and silver contracts resumed trading on Tuesday after a four-hour delay amid a technical glitch that forced a shutdown of trade on the Multi Commodity Exchange (MCX).

Vora believes owning HDFC Bank would not add significant alpha to his fund in the current value momentum regime. They stay out of HDFC Bank and Kotak Bank until their overall scores improve, focusing on sectors like financials, industrials, energy, and auto for potential growth in the medium to long term.

The rise in passenger traffic has strengthened the ability of airlines to pass on fuel costs (comprising 40-50% of the total cost) to flyers. This is reflected in the gross margin, which remained stable despite fuel prices more than doubling in the last three fiscals, CRISIL said.

Eicher Motors Q3 Results: Consolidated revenue from operations rose 12.3% YoY to Rs 4,179 crore, which too, was above the estimated Rs 4,048 crore. EBITDA grew 27% on year to Rs 1,090.43 crore and was largely on expected lines. Operating margin expanded 305 basis points on year to 26.09%.

BHEL Q3 Results: BHEL had reported a fall in its quarterly profit in the fourth quarter of fiscal 2023 and has been reporting quarterly losses since then as it grapples with higher costs of key raw materials such as steel, copper and rubber. Prices of all three were up year-on-year in every quarter in the calendar year 2023.

Export revenue slumped 47%, the company said in an exchange filing. Total revenue from operations fell 6.4% to 14.37 billion rupees.

M&M Q3 Result Preview: Revenue is likely to increase 16.5% YoY to Rs 25,216 crore, led by strong growth in volumes in the automotive segment, which will offset the weakness in the tractor segment.

From the Sensex pack, ICICI Bank, Axis Bank, Wipro, and Kotak Bank were the top gainers, rising over 2% each. While UltraTech Cement, M&M, Titan, Tata Motors, and Nestle India ended with cuts.

R Mukundan says the domestic markets where Tata Chemicals has strong presence, have more or less stabilised and would continue to be range-bound. In terms of exports out of the US and Kenya, the next full year would see a recovery up from the $100 dip that will be seen in the next quarter.