Indian markets are influenced by both global factors, like China’s economic policies and currency devaluation, and domestic concerns like subdued earnings and fiscal spending uncertainties. The upcoming budget is critical. Historically, market dips before the budget signal negative sentiment, but this could change based on government spending plans and policies.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires