News for Thermax Limited (THERMAX.NS)

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Indian markets closed nearly flat as IT gains offset consumer stock declines. Persistent FII outflows, weak earnings, and global trade worries kept sentiment cautious, while small and midcap stocks lagged due to valuation concerns.

'Selling could further intensify and take the index towards 22,800-22,750 in the near-term.'

Refinitiv StreetEvents Event TranscriptE D I T E D V E R S I O NTHMX.NS - Thermax LimitedQ3 2025 Thermax Limited Earnings CallFeb 07, 2025 / 05:45AM GMT =====

Thermax CEO Ashish Bhandari says the company's third-quarter earnings do not reflect a

Indian markets closed slightly lower as gains in financial and oil & gas stocks were offset by consumer sector declines. Investors remained cautious ahead of the RBI policy meeting, with expectations of a rate cut driving interest in rate-sensitive sectors.

The Indian stock market ended in the green for the second day, supported by gains in financials and Reliance Industries despite pressure from pharma and auto stocks. Analysts cited volatility due to US bond yields and dollar strength, with positive sentiment persisting above 23,000 on the Nifty index.

Indian markets declined on Monday, with selling pressure in banks and auto stocks. Subdued trading volumes and FII outflows weighed on sentiment. A strengthening dollar and high valuations also impacted the market. IT and pharma sectors outperformed.

The markets on Wednesday extended the fourth consecutive day of declines driven by concerns over weak earnings and foreign fund outflows.

Major companies like Eicher Motors and Torrent Power are set to release their Q2 earnings today, while highly anticipated IPOs, including Swiggy and Zinka Logistics, will debut on the stock market.

Domestic equity indices declined on Wednesday, led by falling financial stocks amid foreign outflows and weak corporate earnings. The BSE Sensex dropped 426 points and the NSE Nifty fell 126 points, with analysts noting a rangebound trading pattern likely to persist.

Indian benchmark indices Sensex and Nifty ended higher for the second straight day, with banking and financial stocks leading the gains. The Nifty formed a bullish harami pattern, indicating a potential uptrend. Support is at 24,200, and resistance is at 24,500-24,750. A decisive move above 24,450 could strengthen the uptrend

Thermax Limited acquires Buildtech Products India to strengthen position in construction chemicals sector, enhancing value for customers.

Stock Market today | Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for October 3, 2024

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