Despite a modest topline, the JSW Group company reported a consolidated net profit of ₹345.3 Crore for the March FY24 quarter.
Based on CME's FedWatch Tool, markets are presently pricing in a 65% possibility of a U.S. rate cut in September.
Revenue for the Kingfisher brewer increased 17.3% to ₹4,788.68 Crore, the business reported in a regulatory filing on May 7.
The US dollar remained stable at 105.41 against a basket of currencies, a considerable distance from its one-month low that it reached last week.
Both indices closed lower on May 7th due to selling pressure across sectors and disappointing Q4 earnings.
Brent crude oil futures had dropped 21 cents, or 0.3%, to $82.95 per barrel. At $78.25 a barrel, U.S. West Texas Intermediate crude futures dropped 13 cents, or 0.2%.
With a 29.54% ownership holding in Hindustan Zinc, the government is the company's largest minority shareholder.
NSE emphasized the need for clients/members to only trade to reduce their positions and cautioned against increasing open positions during this period
The engineering goods and services segment generated ₹156 Crore in revenue, up from ₹142 Crore in the previous year.
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