Thursday saw a sharp decline in Indian stock market indices, primarily due to escalating tensions in the Middle East and weak global cues. The S&P BSE Sensex and NSE Nifty 50 experienced significant losses, with all major sectoral indices, including Nifty Bank, Financial Services, Metal, and Realty, trading in the red.
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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