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The NSE Nifty 50 index settled 0.5% higher at 19,230, while the S&P BSE Sensex rose 283 points or 0.44% to 64,364. Nifty Realty surged 2.5%, while Nifty Bank, Financial, Auto, Metal, Media, FMCG and Healthcare surged 0.5-0.7%. High-weightage IT stocks rose 0.64%, led by LTIMindtree, Infosys, and Tech Mahindra.

Sequentially though, the bottomline was far lower than the Rs 3,091-crore profit posted in the June quarter, while revenue declined by more than 10% since the second quarter is typically a seasonally weak one for the sector. Earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR), surged to Rs 2,446 crore for the quarter, from Rs 229 crore a year ago. The operating margin subsequently expanded to 16.4% from 1.8% a year ago.

Following five weeks of trial in New York, the jury reached its decision in just five hours. Sentencing for man widely known as "SBF" will take place at a later date.

Revenue from operations grew by 34% YoY to Rs 11,660 crore, and was also above the estimated Rs 10,375 crore. The operating profit, calculated as earnings before interest and taxes or EBIT, rose 13% YoY to Rs 1,367 crore. EBIT margin, however, contracted by 87 basis points to 13.6%.

In the dynamic world of stock trading, understanding technical indicators like the Relative Strength Index (RSI) is essential. On November 2, Thursday, StockEdge identified 8 stocks with a declining RSI. ETMarkets delves into the significance of RSI in stock analysis and spotlights 5 stocks - Jyothy Labs, Safari Industries, Balkrishna Industries, Medplus Health Services, and Hero MotoCorp - whose RSI trends are currently on the downside.

Zomato, which mentioned in the previous quarter that its adjusted revenue would compound at a 40%+ growth rate over the next couple of years, reiterated the outlook and is confident of delivering the same.

“I feel the bottom has already been made. All the bad news is already in the price. Now we are getting global market support as well. Historically, 10 out of 11 times from November to the pre-election which is coming somewhere in May-June 2024, the six-month period has always given a rally of about 10% to 30%.”

"Flexible SIPs allow you to make some changes to your SIPs. For example, you could decide to increase the amount. You could decide to reduce the amount based on various factors. So, for example, if you feel that the markets are down right now, you could say, okay, I want to put in more money. But if you feel that maybe you have a liquidity issue, then you might say that I would like to decrease the SIP amount. "

Revenue from operations was down 5.58 per cent to Rs 1,521.56 crore during the quarter under review against Rs 1,611.54 crore.