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Titan, Cipla, Britannia, Marico, InterGlobe Aviation, GAIL, TVS Motors, Tube Investment of India, Cummins, Solar Industries, IDFC First Bank, ABFRL and Escorts are among the companies that will announce their results for September 2022 quarter today.

PayPal posted a lower adjusted profit of $1.08 per share for July-September. Analysts had expected a profit of 96 cents a share. The company said it expects $900 million in cost savings this year and at least $1.3 billion next year.

The more defensive tone of trading is in contrast with some bullish activity in the options market prior to the Fed meeting as investors worried about missing out on a rally.

While the Federal Reserve raised interest rates by three-quarters of a percentage point this week and signaled that it may be nearing an inflection point in its aggressive monetary policy tightening campaign, Fed Chair Jerome Powell was quick to dampen hopes of a potential pivot, adding that it was "very premature" to discuss when the Fed might pause its increases.

Due to temporary overbought conditions, we could see some profit booking at higher levels. However, the medium-term trend is still on the positive side unless it starts trading below Rs 1,100. Positional traders retain an optimistic stance and look for an upside of Rs 1,275-1,325.

Bajaj Finserv Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 54854.68 Crore) operating in NBFC sector.

"I would advocate zero allocation to gold as an investment class. It is good for jewellery and nothing else. Let’s not compare Gold with Equites; there is no comparison. Selectively. In each industry, quality midcaps that have a niche, agility, aggressive management, or company-specific strengths should do very well and provide good outperformance."

“We continue to be impressed by how they are executing on the telecom opportunity. Till five-six years ago, this was not a telecom company. It is remarkable to see that in the space of five-six years, a giant telecom business has been built but its the free cash flows that we look for and whilst the free cash flows remain elusive, we will keep tracking the stock without actually investing there.”

“A separate meeting of the Monetary Policy Committee was held on November 3 to discuss and draft the report to be sent to the Government by the Reserve Bank of India under the provisions of Section 45ZN of the RBI Act, 1934 and Regulation 7 of RBI MPC and Monetary Policy Process Regulations, 2016,” the regulator said in a short statement.

Bids can be made for a minimum of 36 shares and in multiples of 36 shares thereafter. The IPO comprises of fresh issue of shares aggregating up to ₹805 crore and an offer for sale of up to ₹657 crore. The offer will close on November 11.