Industry Trends

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian markets stayed volatile as global risks, weak banking and IT earnings, and a falling rupee hurt sentiment. Late value buying trimmed losses, while analysts warned volatility may persist, with selective accumulation opportunities emerging amid resilient domestic demand ahead soon.

Industry Trends

MMT Q3 net profit at $7.3 million, operating revenue at $295.7 million

MakeMyTrip’s Q3 net profit fell 73% to $7.3 million as finance costs surged after its capital raise, even as revenues, operating profit and hotel bookings grew, aided by portfolio diversification and AI-led efficiency initiatives despite slower domestic air travel growth.

Industry Trends

PNB Housing Finance Q3 Results: Net profit up 11% on strong retail disbursements, stable asset quality

PNB Housing Finance reported a 10.6% year-on-year increase in Q3 net profit to ₹521 crore, supported by a 12.8% rise in net interest income to ₹757 crore. Growth was driven by steady expansion in the retail loan book, which rose 16% year-on-year to ₹81,931 crore and now accounts for nearly the entire loan portfolio, while the corporate book continued to shrink sharply.