[India] - Stock Exchange LIVE: Sensex topples 700 pts, Nifty down 220 pts; Nifty SmallCap, MidCap drop 1% each

INSUBCONTINENT EXCLUSIVE:
9:26 AMZomato soars 10% on solid Q1 beat>> Zomato reported a massive jump in its net profit in Q1FY25 to Rs 253 crore, from Rs 2 crore
reported in Q1FY24
The company's net profit jumped 44.5 per cent sequentially from Rs 175 crore in the preceding quarter
The company's revenue from operations jumped 74 per cent YoY to Rs 4,206 crore in Q1FY25
As in the past few quarters, growth was driven by Blinkit, the quick commerce business of Zomato.9:25 AMITC scalps gains after Q1 results in
paperboard and packaging, hospitality, and agri-business segments.>> The diversified conglomerate's consolidated net profit in Q1FY25
slipped to Rs 5,091.59 crore from Rs 5,104.93 crore in the year-ago period
ITC's consolidated gross revenue stood at Rs 20,029.60 crore for the quarter under review, up by 7.5 per cent YoY compared to Rs 18,639.48
after tax climbed a whopping 74 per cent YoY in Q1FY25 to Rs 5,566 crore, as against Rs 3,203 crore reported in the same quarter last fiscal
year
sharply to 46.6 spooked the US and other developed country markets yesterday
nervous on the possibility of a US recession and its impact on the market
market, too
The rally in India has been sustained more by money flows into the market than by fundamentals
50 index hit the 25,000-mark for the first time ever on Thursday, August 01, 2024
The index had hit the 20,000 mark for the first time ever on September 11, 2023, and took 221 trading days from that level to hit the 25,000
mark on August 01
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