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Results for Q3 2024: India Inc. is scheduled to enter the second week of its October-December fiscal year 2023-24 financial year (3QFY24) on January 15. The majority of companies inform their boards of directors when they will consider earnings reports for fiscal years 10-24. December period or third quarter.
Firstly, Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, Brightcom Group, Reliance Industrial Infrastructure, Nelco, Suraj Estate Developers, Digicontent, Golkunda Diamonds & Jewelery, Emerald Finance, Excel Realty N Infra, Virtual Global Education is scheduled to report its third quarter financial results on January 15th.
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Jio Financial Services is taking center stage as it is scheduled to announce its December quarter results on January 15th. This is the NBFC’s second quarterly results announcement since its listing in August 2023.
Benchmark indices closed at new record highs on January 12, with the BSE Sensex up 847 points to 72,568 and the Nifty 50 index up 247 points to 21,895, holding a bullish candle in the daily time frame. Formed a foot pattern. The opening of the gap up on the same day also marked a strong break through his 21,750 down resistance trendline hurdle.
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It is noteworthy that Indian companies were able to report fairly strong quarterly results for the April-June 2023 period, despite fears of a looming recession and a slowdown in the global economy. The performance from July 2023 to September 2023 further shows the recovery in Indian equities.
Results so far for Q3 2024
Last week, a number of stock price adjustments and sectoral rotations helped the index hold on to crucial support zones, especially RIL, which is heavily weighted in the index. However, in the last trading session, the IT giants stole the show and pushed the index into uncharted territory, defying all expectations and reinforcing the bullish momentum. Currently, the milestone of 22,000 is just one step away, and based on the structural settings, 22,100 may be the next target this week. On the lower end, 21800-21750 should act as a cushion against a short-term sell-off, while strong support lies around the 21600-21500 zone,” said Osho Krishan, Senior Analyst, Technical & Derivatives Research, Angel One. Ta.
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Last week was a bullish week as Nifty rose to new horizons with strong participation from the IT industry. However, major BANKNIFTY lacks conviction and its participation will be crucial to build momentum this week. Meanwhile, the stance remains bullish, Krishan added.
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