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Net premium income during the second quarter increased 22% year-on-year (YoY) to Rs 20,050 crore. It was Rs 16,477 crore in the corresponding quarter of the previous year.

Surpassing the 50-day SMA is often considered a bullish sign, indicating potential short-term growth. However, investors should conduct thorough research and analysis before making investment decisions.

Market-wide futures open interest at the start of November series stands at Rs 2.71 lakh crore as compared to Rs 2.86 lakh crore at the start of October series with rollovers at 92%, higher than the three-month average of 91%.

Higher volume and a superior product mix drove the company’s revenue up 24% to a record Rs35,535 crore against Rs28,543 crore in the same period last year. A Bloomberg average based on the forecast of 18 brokerages estimated the company to report a net profit of Rs3040.7 crore on a revenue of Rs 36,743.10 crore.

Maruti said it recorded its highest-ever quarterly sales volume, net sales, and net profit in this quarter. While strong net sales in the reporting quarter were attributed to better sales volume and product mix, softening of commodity prices and cost reduction efforts contributed to robust profit growth.

“I would recommend investors to look at normal SIPs as well as trigger SIPs because if you have the 5-10 year perspective, definitely you should go for it and in a falling market like this where you do not know where the bottom is you could definitely take advantage and decide levels at which you want to enter.”

"While using multiple credit cards, unless you have figured out the strategy of how much charge to run on which credit card, unless and you have the discipline of repaying the balances in full, at the end of every billing cycle, there are chances that you will end up rotating a balance and that is where the debt trap begins."

Interest income stood at Rs 5,821 crore for the quarter ended September 30, 2023. Total business improved to Rs 4.82 lakh crore.

“We currently have an add rating on Reliance with a target price of around Rs 2,650 odd. But we will definitely review the numbers and look at what the management has to say about their business outlook and new energy businesses and then take a call on what the stock looks like from here.”