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Positive U.S. jobless claims data eased recession fears, boosting Indian indices Nifty and Sensex at the open. Despite some profit-taking, both closed 1% higher, with notable stocks active on Friday

Trent Limited, part of Tata, saw a 130.8% yoy rise in standalone net profit for Q1 ending June 2024, reaching Rs 342.15 crore. Revenue increased by 57.4% to Rs. 3,991.74 crore.

The company proposes to issue 1,70,000 NCDs of face value Rs 1 lakh each, aggregating to Rs 1,700 crore, on a private placement basis to eligible investors

Prateek Agrawal, MD & CEO of Motilal Oswal Asset Management, observed a rise in sector and thematic fund inflows, shifting focus away from mid and smallcap funds. He suggested that fund performance drives investor interest. Agrawal also noted that domestic investor behavior is becoming more structural and persistent in the long term, despite recent shifts.

​NPA is at a record low level. So, all in all, the delta in data that we have seen from the start of this year have largely been revised positively, the macro factors and if you remember we started this year with a lot of election related uncertainty and monsoon related uncertainty.

The Nifty Pharma index closed 0.43 per cent up at 22209.55.

The revenue from operations for the April-June quarter stood at Rs 554 crore, higher by 19% over Rs 464 crore posted in the year-ago period.

The Nifty Pharma index was trading 0.38 per cent up at 22198.05.

On the technical charts, the RSI of the stock stood at 40.16.

Grasim experienced a Rs 52.12 crore loss in the June 2024 quarter, falling from a Rs 355 crore profit a year ago. Revenue grew 11% YoY to Rs 6,894 crore, driven by its diversified businesses. However, the chemicals segment saw a revenue decrease. Grasim shares were up 1.17% to Rs 2,574.45 on NSE.