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LTIMindtree’s adjusted profit after tax is expected to fall between 1.5% and 8.3% for the October-December quarter, with the bottom line ranging from Rs 1,152 crore to Rs 1,084 crore. A sharper decline is anticipated on a quarter-on-quarter basis due to furlough impact. EBIT margin is also projected to decline YoY and sequentially. Key focus areas include cost takeout projects, banking vertical, and client spending outlook.

Macquarie initiates coverage on Devyani International and Sapphire Foods with "Outperform" ratings, setting target prices of Rs 230 and Rs 390 respectively. Positive outlook driven by growth momentum in the QSR sector, with notable December acceleration and potential fiscal stimulus from the February budget.

Axis Bank shares dropped over 3% to a low of 1,014.65 during a block deal involving 33.2 lakh shares. The stock has underperformed, falling nearly 8% in the past year. The bank is expected to report Q3FY25 earnings soon, with anticipated lower loan growth and higher provisions impacting profits.

The Sundaram Alternative Opportunities Series – High Yield Secured Real Estate Fund IV closed60 deals with zero capital losses to date. SA RE Credit Fund IV is 70% deployed in a portfolio that is yielding close to 19% IRRs.

The preferential issuance of $275 million will be led by the promoter group investing $150 million and Fidelity Investments investing $125 million. The promoter participation is at a premium of 17.5% over Tuesday closing price, signalling conviction in the value creation potential of ABFRL, it said.

On the technical charts, the RSI of the stock stood at 26.25.

​Similar levels would be closer to around 49,100 to 49,200, I think in that range we should see resistance going forward and probably another leg downwards could start from there and we could be headed towards 46,600 in the days to come.

The stock quoted a 52-week high price of Rs 719.80 and low of Rs 486.75.

Investors are advised to diversify their portfolios with hedges like fixed income, market neutral strategies, and gold. This approach aims to mitigate potential risks while remaining optimistic about US equities. Companies with strong cash flows and robust balance sheets are preferred. Economic factors and earnings growth are vital in shaping investment strategies.

Reliance Jio’s revenue for the December quarter is projected to grow 16% year-on-year (YoY), based on an average estimate from five brokerages, with profit after tax expected to rise by 29% YoY. ARPU for the third quarter is anticipated to reach Rs 204, driven by tariff hikes from July last year. In Q2, Jio reported a 23% profit increase to Rs 6,539 crore and an 18% revenue growth to Rs 26,875 crore.