Regulatory policy

Second-quarter earnings due on Fed policy earnings day: Adani Transmission, JK Paper and more

By Malvika Gurung — The domestic market opened flat with a negative bias on Wednesday, snapping a multi-session bull run as investors awaited the outcome of U.S. Fed policy and expectations of future rate hikes later in the day.

At the time of this writing, benchmark equity indices were trading down 0.08% and down 0.12% or 71.3 points. led the sector indices, jumping 1.2%, while gaining 0.3%.

Second quarter earnings are proceeding in line with expectations and the impressive results of the heavyweights in the market, especially the banking and financial segments, as well as the superior performance of the high-end segment, mainly automobiles, are proving positive for the domestic market. , said Dr. VK Vijayakumar of Geojit Financial Services.

A total of 52 companies are expected to announce their September results on Wednesday.

A non-exhaustive list of companies announcing their second quarter results today includes:

  • Adani Transmission (NS:)
  • M&M (NS:) Financial Services
  • Jindal stainless steel (NS:)
  • Gravita India (NS:)
  • Dalmia Bharat (NS:)
  • Mahindra Holidays & Resorts India (NS:)
  • Orient Green Power Company
  • Kajaria ceramics (NS:)
  • JK Paper (NS:)
  • Mtar Technologies Ltd (NS:)
  • MTAR Technologies (NS:)
  • SIS (NS:)
  • Gati (NS:)