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The steel-maker’s consolidated net profit for Jul-Sep stood at Rs 759 crore as against a loss of Rs 6,511 crore a year ago. Consolidated turnover, though, fell to Rs 53,905 crore from Rs 55,682 crore a year ago.

Lubes maker Gulf Oil Lubricants India on Wednesday reported a 15 per cent growth in profit after tax (PAT) at Rs 84.44 crore for the three months to September 2024. The Hinduja Group firm had delivered a PAT of Rs 73.66 crore in the second quarter of FY 2023-24.

The S&P 500 and the Dow scaled all-time highs on Wednesday, while the Nasdaq also jumped, as Republican Donald Trump won the 2024 U.S. presidential election in a remarkable comeback four years after he was voted out of the White House.

Nifty’s short-term trend remains positive, with a strong breakout above the immediate resistance at 24,500 potentially paving the way for a quick move towards the 25,000 mark. Immediate support is positioned at 24,350, according to Nagaraj Shetti of HDFC Securities.

Gold prices fell by Rs 150 to Rs 81,150 per 10 grams in the national capital on Wednesday in line with weak global trends, according to the All India Sarafa Association. Subdued demand from jewellers and retailers also impacted the prices, the association said. However, silver remained flat at Rs 96,700 per kg.

Power Grid reported a flat net profit of Rs 3,793 crore in Q2FY25. Revenue from operations was also flat at Rs 11,278 crore. The board approved an interim dividend of Rs 4.50 per share. The company has also approved the sale of a 26% stake in four associate companies to PowerGrid Infrastructure Investment Trust (PGInvIT).

Equity investors, traditionally favouring Republicans in Washington, welcomed Trump’s mandate, anticipating potential tax cuts, increased government spending, and deregulation. Optimism is also building around the possibility that the new administration may maintain favorable H-1B visa policies, which has sparked a rally in previously struggling IT stocks.

Futures tied to the S&P 500 and the Dow soared to record highs on Wednesday as Republican Donald Trump won the 2024 U.S. presidential election, capping his return four years after he was voted out of the White House.

Jindal Steel and Power Ltd (JSPL) on Wednesday reported 38 per cent fall in consolidated net profit at Rs 860 crore for September quarter, on account of lower revenue. It had posted a net profit of Rs 1,390 crore for the period ended September 2023, the company said in a statement.