Today’s Share Market: Rise in the Indian Stock Market, Check Which Stocks are Showing Profit Today

On Tuesday, the benchmark indices of the Indian share market, Sensex and Nifty 50, are poised to open higher with expectations of positive trends influenced by trade deals between the US and China and the expected rate cut by the US Federal Reserve. Gift Nifty futures also anticipate a bullish trend for the Indian benchmark indices. Gift Nifty was trading near 26,055 levels, which is almost 43 points higher than the previous close of Nifty futures.

On Monday, the Indian share market saw a sharp increase, with the Nifty 50 closing above the 25,900 mark. Sensex rose by 566.96 points or 0.67% to close at 84,778.84, while Nifty 50 gained 170.90 points or 0.66% to close at 25,966.05.

Today, keep an eye on these stocks: TVS Motor, Adani Green Energy, Tata Capital. These shares will be in focus at the time of announcing the second-quarter results.

Mazagon Dock Shipbuilders, due to high margins and operational excellence, has reported a 28.1% increase in net profit for the second quarter, reaching ₹749 crores.

Indus Towers, on the other hand, saw a 17.3% decline in net profit for the second quarter, reaching ₹1,839 crores, where its revenue increased by 9.7% to ₹8,188 crores.

Rail Vikas Nigam Limited has emerged as the lowest bidder to construct the substructure of a major bridge on the river Ganga located between Paniyahawa and Balmikinagar stations as part of the North-Eastern Railway project.

KFin Technologies has seen a 4.5% growth to reach ₹93 crores in revenue due to a 10.3% increase in EBITDA to ₹309.2 crores, although the margin has slightly decreased to 43.9%.

Hindustan Petroleum Corporation Limited announced a problem with its Mumbai refinery operations due to the unprocessed oil obtained from the offshore field of B-80 Mumbai by Hindustan Oil Exploration Company Limited (HOECL), causing losses in downstream units.

ITC will hold a board meeting on October 30 to discuss the proposal to delist the company’s common shares voluntarily from the Calcutta Stock Exchange.

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