Morning Outlook 9th November, 2022

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UPCOMING ECONOMIC DATA

NEWS UPDATES

• On Monday, Sensex up 234.79 points or 0.39 percent at 61,185.15. Nifty up 82.60 points or 0.46 percent at 18,199.80. About 1994 shares advanced, 1465 shares declined, and 185 shares were unchanged.

• Diagnostic services provider Dr Lal Path Labs on Tuesday said its consolidated profit after tax declined 24.8 per cent to Rs 72.4 crore in the second quarter ended September. The company had posted a profit after tax (PAT) of Rs 96.3 crore in the year-ago period, it said in a BSE filing. Its revenue from operations, however, grew 7.1 per cent to Rs 533.8 crore during the period under review, from Rs 498.4 crore in the corresponding quarter of the previous year.

• E-commerce major Flipkart’s losses widened to over Rs 7,800 crore in the financial year 2021-22 based on performance of its business-to-business unit Flipkart India and B2C e-commerce unit Flipkart Internet, according to regulatory filings. According to filings, the combined loss of both entities stood at Rs 5,352 crore in the financial year 2020-21.

• Available jobs in the IT Services sector dropped by over 50 percent year-on-year in October, according to data from Xpheno’s Active Jobs Outlook Report. The IT services sector had 60,000 active job openings in October, its lowest in 22 months. The number of openings fell 14 percent as compared to September.

Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint

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