Q2 results today: Tata Steel, Apollo, JK Lakshmi among 97 to post earning

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Q2 results today: Tata Steel, Apollo, JK Lakshmi among 97 to post earning - Business Standard

Quick Summary:

The upward trend was reportedly driven by early indications showing Republican candidate and former President Donald Trump leading in the race for the US presidency, as markets weigh potential impacts of his leadership on global trade and financial markets.

The profit decline was attributed to one-off costs, including adjustments related to DRL’s acquisition of the Nicotine Replacement Therapy (NRT) portfolio from Haleon plc, tax provisions, and the impact of transferring minority interests from the Nestlé joint venture.

Anticipation over the ongoing US presidential election results, with early counting trends influencing global markets, played a role in the rally. On Wednesday, the markets opened positively with BSE Sensex up by 283 points or 0.36 per cent at 79,759, while Nifty 50 gained 57 points or 0.24 per cent to reach 24,271.