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Despite the overall downward trend, shares of Bajaj Auto and Larsen & Toubro Infotech (LTIM) bucked the trend. Bajaj Auto’s shares surged following a 20% year-on-year Q2 profit increase. Similarly, LTIM shares jumped on the back of strong Q2 earnings. On the other hand, Wipro (NYSE:WIT) shares dipped due to flat net profit and revenue figures.
The ongoing Israel-Hamas conflict is anticipated to heighten market volatility. Investors are keeping a close eye on Q2 earnings of several companies today, including Tata Communications, CoForge, Hindustan Unilever (LON:ULVR) (HUL), PVR Inox, Nestle India, Mphasis, and Ultratech Cement.
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