Indian Stocks Rally as Bharti Airtel, LIC, Titan Post Strong Quarterly Profits

economictimes.indiatimes.com —

Indian equity markets extended their rally to a sixth session on Thursday, with the Nifty 50 surging 576 points to close at 24,536.60, as investors reacted to a wave of corporate earnings reports. Bharti Airtel, LIC, and Titan Company posted strong profit increases for the September quarter, while ONGC reported a 46.9% jump in consolidated profit. In contrast, Glenmark Pharmaceuticals saw net profit decline 56.7%, and Astral reported a 5.9% drop. The Nifty closed above its key moving averages, with analysts identifying 24,775 as the next resistance level. Several other companies, including Bharti Hexacom, Britannia, and Safari Industries, also released quarterly results and corporate updates on Friday.


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