Q3 results today: Adani Power, Tata Tech, Vedanta to PNB — 82 firms to declare Q3 results 2024 on Thursday

livemint.com:

Q3 results 2023: Investors are ready for an earnings bonanza on January 25 as a slew of major Indian companies, including Tata Technologies, Vedanta Limited, TVS Holdings Ltd, and Punjab National Bank, are set to unveil their financial performance for the Q3FY24 results. The market eagerly awaits these results, seeking insights into the economic recovery and sectoral trends amidst global uncertainties. In the afternoon session on January 24, the market displayed a robust rebound, primarily driven by short covering.

However, it encountered significant resistance around the 21,500 mark. On January 24, the BSE Sensex surged by 690 points, reaching 71,060, and the Nifty 50 experienced a gain of 215 points, closing at 21,454. Despite the Nifty 50 registering significant gains earlier in the day on January 24, GIFT Nifty traded with a slight upward movement.

Positive global cues contributed to improved market sentiment. “In yesterday's trading, the Nifty showed a positive bias, closing at the session's high, and all sectoral indices ended in the green, including Bank Nifty. However, this Thursday morning, Gift Nifty indicates a lower open, struggling to maintain the positive momentum from Wall Street's strong close," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

“Technical levels for Nifty and Bank Nifty suggest support and resistance at 21357/21807 and 44489, respectively. Nifty's options data implies a potential range of 21100-22000. Noteworthy global factors include China's rally, favourable US PCE inflation data, high European markets, and the Japanese Nikkei's 34-year high," Tapse added.