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Consumer prices rose just 2.4% in September from a year earlier, down from 2.5% in August, and the smallest annual rise since February 2021.
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Six companies, including Just Dial, are set to announce their second-quarter results on Friday. Analysts predict this quarter might be the weakest in four years for corporate India, with Nifty earnings projected to grow by just 2%. Just Dial is anticipated to show a 75% rise in profit year-on-year, driven by growth in paid campaigns and improved EBITDA margins.
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Domestic markets closed lower despite the RBI hinting at a rate cut. TCS is showing strong technical resilience and poised for an upward reversal, making it a 'buy on dips' candidate. Natco Pharma is in a healthy consolidation phase with potential targets of Rs 1,6501,720.
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News and Media
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