Titan jumped more than 5 percent on strong results

The Markets Today in a nutshell

• Domestic benchmark indices ended almost flat with negative bias.
• Investors worried as the rupee hit a record low of 82.43 against the dollar today. Investors were also cautious ahead of the monthly US nonfarm payroll numbers due later today. The World Bank on Thursday projected a growth rate of 6.5% for the Indian economy for the fiscal year 2022-23, a drop of one percent from its previous June 2022 projections, citing deteriorating international environment.

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?Titan jumped more than 5 percent on strong results
The firm reported strong growth in sales for the September quarter, springing a positive surprise for investors. The Company witnessed healthy double-digit growth across most businesses with overall sales growing 18 percent YoY (year-on-yea).

?Dabur India share price slips in red on business update for September quarter
The geopolitical environment continued to have an unusually high inflationary impact on its business. Operating margin is seen 150 to 200 basis points lower than in Q2FY22 due to inflationary input costs but will increase sequentially. However, the company stated that its business in the country has been steady and the firm expects to report revenue growth in the mid-single digits despite challenges posed by the macro-economic situation.

?Ujjivan Small Finance Bank reports 44 percent growth in loan book
The bank recorded a 44 per cent growth in gross loan book at Rs 20,938 crore at the end of September 2022 driven by micro, affordable housing and individual borrowings. On asset quality, it expects the gross non-performing assets (GNPAs) to be at 4.4 per cent vis-a-vis 5.4 per cent quarter on quarter.

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