In Q1FY25, Bank and Auto stocks outperformed, while Infrastructure, Pharmaceuticals, and Metals lagged, resulting in modest 3% earnings growth. Revenue growth stayed at 9%. Real estate, pharmaceutical, and IT sectors highlighted notable revenue and profitability growth. Banks’ NIMs remained stable, and auto sales surged, especially in two-wheelers and commercial vehicles.
Tech View: Nifty short-term trend remains choppy, next support at 23,800. How to trade on Monday
Open interest (OI) data showed the highest OI on the call side at the 24,200 and 24,300 strike prices, while on the put side, the
November 8, 2024