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Headline indices Nifty and the BSE Sensex ended in the red on Thursday, recording their second successive losses amid selling pressure in financials, metals and realty stocks.
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Singtel is reportedly selling a 0.8% stake in Bharti Airtel for Rs 10,300 crore, a move aligning with its strategy to optimize holdings and unlock capital. This comes as Bharti Airtel reports robust Q2 performance, with strong EBITDA growth and rising ARPU, signaling continued positive momentum for the Indian telecom giant.
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Even as the Sensex slipped 148 points to close at 83,311 on Thursday, five BSE 200 stocks — AU Small Finance Bank, State Bank of India, UPL, Titan Company, and Bharat Petroleum Corporation — touched their 52-week highs. The milestone highlights strong upward momentum in select counters despite the broader market weakness, signalling continued investor optimism.
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Bajaj Housing Finance reported an 18% year-on-year net profit growth to Rs 643 crore in the September-ended quarter, with revenue rising 14% to Rs 2,755 crore. The company saw a 34% jump in net interest income to Rs 956 crore, while Assets Under Management grew 24% to Rs 2.27 lakh crore.
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Tenneco Clean Air India Ltd is launching its initial public offering on November 12. The company aims to raise Rs 3,600 crore through an Offer for Sale. This move will allow the promoter to sell shares. The listing aims to achieve the benefits of being a publicly traded company.
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