“Heavyweights, such as Reliance and Tata Motors, which posted weaker-than expected performance, dragged the Nifty50 earnings,” it said, adding that Nifty50 profits, excluding Reliance Industries and Tata Motors, rose 9 per cent YoY against the expectations of 6 per cent growth.
Rupee hits record low of 87.35 vs USD on rate cut expectations
The Indian rupee weakened to a historic low of 87.35 against the U.S. dollar, influenced by expectations of an impending rate cut by the Reserve
February 5, 2025