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Auto components maker Bosch on Tuesday said its consolidated profit after tax rose 14 per cent to Rs 466 crore for the first quarter ended June 30, 2024. The company had reported a profit after tax of Rs 409 crore in the April-June quarter of last fiscal.

Wall Street’s main indexes opened higher on Tuesday, buoyed by bargain hunting after a global stock decline and dovish Federal Reserve comments. The Dow, S&P 500, and Nasdaq all rose.

State-owned Power Finance Corporation on Tuesday posted over 20 per cent rise in its consolidated net profit to Rs 7,182.06 crore in June 2024 quarter compared to a year ago, mainly due to higher revenues. The company reported a consolidated net profit of Rs 5,982.14 crore in the quarter ended on June 30, 2023, a regulatory filing showed.

Grihum Housing Finance, formerly Poonawala Housing Finance, reported a net profit after tax of Rs. 48 crore for the first quarter of this fiscal, up 77% on year. The housing finance company has assets under management of Rs. 8,700 crore, up 33% on year.

Oil prices dipped lower in volatile trade on Tuesday, as a weak demand outlook after a global sell-off in markets on Monday countered price support from fears of an escalation in the Middle East conflict, and a drop in Libyan production.

Tata Power said it "has proposed acquisition of 40 per cent equity stake in KHPL in one or more tranches for which Share Purchase Agreement would also be executed between Tata Power, existing shareholders of KHPL and KHPL."

Short covering signals a shift from extreme bearishness to bullishness.

Sometimes stocks or positions owned for a longer period are sold to book profit or to exit it in anticipation of impending bearishness.

The rupee closed at a record low for the third consecutive day due to outflows in Indian equities and risk aversion due to signs of a growth slowdown in the US

Saudi oil giant Aramco on Tuesday reported net profit of $29.07 billion in the second quarter, a slight drop from the same period last year as output remained subdued. But the cash cow saw its profits drop by a quarter last year because of lower oil prices and production cuts, and profits in the first quarter of this year were down 14.5 percent.