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Life Insurance Corporation (LIC) on Tuesday said it has sold more than 2.02 per cent stake in Tata Power Company for about Rs 2,888 crore and reduced its holding in the company to 3.88 per cent.

Hyundai Motor India reported a 16% decline in Q2 FY25 net profit to Rs 1,375.47 crore, amid sluggish domestic demand and global geopolitical challenges. Revenue fell 7.5% to Rs 17,260 crore. The company sold 1,91,939 vehicles, with domestic sales dropping 5.8%, but strong SUV demand.

Vodafone Group’s operating profit for H1 FY25 rose 28%, largely due to a €0.7 billion gain from selling an 18% stake in Indus Towers. The proceeds were used to repay loans secured against Indian assets, including Vodafone Idea.

The Nifty Pharma index closed 0.86 per cent at 22151.60.

Markets regulator Sebi on Tuesday extended the deadline for public comments till November 26 on the proposal concerning requirements for recognition as specified digital platforms (SDPs). Earlier, the comments from the public were sought till November 12.

Natco Pharma on Tuesday said its consolidated net profit jumped 83 per cent on-year to Rs 676 crore in the September 2024 quarter, aided by robust sales. The drug maker reported a net profit of Rs 369 crore in the July-September period of last fiscal.

NMDC Steel on Tuesday said its loss had widened to Rs 595.37 crore in September quarter, on account of a surge in expenses. It had posted a loss of Rs 131.10 crore in the year-ago period, the company said in an exchange filing.

Nifty’s short-term trend remains weak, with a potential drop below 23,800 likely to target the next support level around 23,500 (the 200-day EMA) in the near term. Immediate resistance is positioned at 24,050, according to Nagaraj Shetti of HDFC Securities.

"Promoter Increasing Pledge" refers to promoters pledging more shares for loans. In the Nifty500, the top 5 stocks with increased promoter pledge in Q3 2024 may indicate financial stress, raising concerns about potential risks if share prices fall.

Gold, silver prices continued to extend losses for the second straight day in the national capital on Tuesday owing to a sluggish demand from jewellers and weak global cues, according to the All India Sarafa Association.