Infosys Profit Jumps 13 Percent
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🗞️ Infosys Q2 profit up 13.2 percent
Infosys reported ₹7,364 crore net profit, up 13.2 percent year on year. The board announced a ₹23 dividend.
💬 Expert Take — “Resilient deal flow and margin discipline are doing the heavy lifting for large-cap IT.”
🗞️ Midwest IPO 6x subscribed on Day 2
The Midwest IPO crossed 6 times subscription by Day 2. GMP trends indicate healthy listing interest.
🗞️ EPFO allows instant PF access for unemployed
New rules will let members withdraw EPF immediately on unemployment with simplified processing to ease short term liquidity.
🗞️ Diwali stock ideas from Motilal Oswal
Brokerage picks feature large caps like SBI and BEL along with high conviction ideas such as Max Financial and V.I.P. Industries for Samvat 2082.
🗞️ Exporter compliance eased by Commerce Ministry
The government relaxed select compliance norms to support exporters while a broader promotion mission is still pending.
🗞️ SEBI flags ₹173 crore insider trading in IEX
Market regulator alleged insider trading in IEX involving multiple entities, citing suspicious trades around material events.
💬 Expert Take — “Sharper surveillance and faster adjudication will be key to deterrence.”
🗞️ Rupee closes at 87.87 against USD
The rupee firmed to 87.87 at close against the US dollar on improving risk sentiment.
🗞️ Nestlé India profit slips 17.4 percent
Nestlé India posted ₹743 crore profit for the September quarter, down 17.4 percent amid higher input and distribution costs.
📊 Market Update
📈 Sensex: 83,467.66 ▲ 862.23 pts (+1.04%)
📈 Nifty 50: 25,585.30 ▲ 261.75 pts (+1.03%)
💱 USD/INR: 87.87
🪙 Gold per gram: 24K ₹12,944 | 22K ₹11,865
🥈 Silver per kg: ₹1,89,000 ▼ ₹1,000