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Sensex rose 150 points to 79,106 on Wednesday, with five BSE 200 stocks hitting 52-week highs, which are key indicators for evaluating stock value and future price trends.

Gold prices fell in a volatile trade on Wednesday after data showed U.S. consumer prices rebounded as expected in July, pouring water on expectations for a sizeable rate cut from the Federal Reserve next month.

Low cost carrier SpiceJet on Wednesday reported a 20% per cent drop in consolidated profit for the April-June quarter, as a financial crunch took a toll on its operations.

Glenmark Pharma net profit doubled to Rs 340 crore crore in Q1FY25 led by robust sales growth in India and Europe and reduction in finance, depreciation and ammortisation costs.

WazirX announced on Wednesday that it is ending its custody arrangement with Liminal Custody following a major hack that resulted in the theft of Rs 2,000 crore ($230 million) from its multisig wallet.

Indian benchmark equity indices inched higher on Wednesday, as broad-based profit-taking tempered gains in IT stocks, following softer U.S. producer prices data that indicated cooling inflation.

The 50-share Nifty index ended the day with a slight gain of 0.02%, or 4 points, closing at 24,143.20, while the Sensex closed 0.19% higher, up 150 points, at 79,105.88.

Over the last ten years, Indian public sector enterprises have shown major improvements in governance and operation, raising their market value. PSU banks have enhanced their return on equity to 16-17%. Defense and gas sectors are performing well, though oil marketing units still face hurdles. This shift has generated significant wealth for shareholders.

The company has the potential to expand its reach to ~300,000-350,000 outlets, as there is still untapped potential in the east and south markets as well as smaller towns in India and the strategic partnership with FILA, which enables DOMS to expand its global reach while leveraging FILA’s R&D capabilities, providing a long-term advantage.

We expect EPLL to report healthy sales growth and margin expansion, fueled by cost rationalization measures, margin improvement in Brazil, and operating leverage, thereby boosting its earnings.