ETIG’s estimates showed aggregate net profit of Nifty 50 companies may climb 37.8% year-on-year in the three months to September, the highest since the second quarter of 2021 when profit growth, on a base of unprecedented contraction triggered by Covid-era mobility curbs, was 48.7%.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created