Around 50 companies, including HDFC Bank, HUL, Tata Communications, and Hudco, are set to announce their Q3 earnings. HDFC Bank is expected to report a 7-8.4% YoY growth in net interest income, while HUL’s growth may be muted due to weaker demand and input cost inflation. Key metrics to watch include HDFC’s deposits and HUL’s underlying volume growth.
Global Market: US weekly jobless claims drop more than expected
US unemployment claims saw a sharper-than-expected drop last week, signaling continued labor market strength. Despite this positive sign, a rise in continuing claims suggests employers