PRE-MARKET INDIAN STOCKS NEWS: Earnings from ITC, Paytm and Tata Motors
The earnings releases from these major Indian companies present a mixed picture.
White House says President Trump will sign executive orders at 11:00EST/16:00GMT and is participating in a policy meeting at 14:00EST/19:00GMT
UK and China weigh a cross-border asset management scheme to deepen market ties, according to SCMP
PRE-MARKET INDIAN STOCKS NEWS: Earnings from ITC, Paytm and Tata Motors
Japanese JPY 2.8tln 2-year JGB Auction 0.7516% (Prev. 1.129%)
[MARKET ANALYSIS] Asia-Pac stocks are mostly lower as yields climb on hawkish reaction to speculation of Warsh nomination for Fed Chair
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ITC (ITC IS) - Co. Q3 (INR) net was flat Y/Y at 4.9bln. (ET)
One97 Communications (PAYTM IS) - Paytm Q3 (INR) consolidated net 2.3bln (prev. loss 49.4bln Y/Y). (ET)
Tata Motors (TMCV IS) - Co. Q3 (INR) consolidated net fell 48% Y/Y to 7.1bln. (ET)
ITC's flat net profit may reflect stagnation amidst competitive pressures, while Paytm's swing to profitability suggests a strong turnaround narrative, which could boost investor sentiment. In contrast, Tata Motors' significant decline raises concerns about underlying demand and operational challenges, possibly prompting a reevaluation of its growth outlook.
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