Insights from Zomato’s Q3 Earnings, Shareholder Letter, Key Investor Concerns, and Stock Outlook

Exploring Reliance’s Innovative Approach to Quick Commerce and Its Impact on Traditional Retail

A total of 26,28,73,507 shares, which is 3.07 per cent of the firm, were sold by Alipay.

Watch out for these stocks in Thursday’s trading session!

Shares of this Info Edge Ltd (Naukri) are buzzing on the bourses today.

The shares of Zomato zoomed 13.6 per cent on November 10

On Friday, Indian equity markets ended on a flat note. Nifty 50 closed the last trading session of the week at 17,314.6 in the red territory, marginally down by 0.10 per cent. Top gainers of the index were Titan, Power Grid Corporation, ONGC, IndusInd Bank and Grasim. 

The global indicators favoured bears as most Asian as well as Western markets were trading over concerns of rising geopolitical tension between the US and China.  

At 10.30 am on Thursday, the headline equity indices, i.e. Sensex and Nifty 50 were trading higher by almost a per cent each, despite the FED rate hikes.

After showing some positive signs in the previous trading session, the equity markets once again went into a downward mode as the worried investors took cues from a decline in global markets which affected especially metal, power & realty stocks. 

Jio-bp - a fuels and mobility joint venture between RIL and bp - and Zomato, today announced that they have entered an agreement to support Zomato’s commitment towards The Climate Group’s EV100 initiative of 100 per cent EV fleet by 2030. Towards the same, Jio-bp will provide EV mobility services to Zomato along with access to ‘Jio-bp pulse’ branded battery swapping stations for last mile delivery. 

On Monday, the headline equity indices i.e. Sensex and Nifty ended higher by almost 2 per cent.

It was a merry Monday after all on the bourses as the core equity indices i.e., Sensex and Nifty 50 rose generously and were trading more than 2 per cent higher in the morning session!  

 Around noon on Tuesday, the core equity indices i.e., Sensex and Nifty 50 were trading marginally higher amidst mixed global cues.The Asia Pacific markets dipped as the US president announced tariff cuts on Chinese goods. 

Nifty managed to close above 16200 after a sharp sell-off in the last one hour. In the end, the benchmark index closed lower by 0.32 per cent while Sensex lost about 37 points.

On Thursday, the equity markets extended their gains after opening in green and ended comfortably higher.  

On Tuesday, the Indian markets ended lower after clocking two-month highs in the previous trading session, as investors booked profits in HDFC Bank and HDFC along with other heavyweights in the index.  

On Wednesday, the benchmark indices ended higher with Nifty closing above the 16900 mark led by buying seen across the sectors. The equity markets are eyeing the outcome of the FED meeting as the current geopolitical developments are creating further inflationary pressure in the global market and it is crucial to take into account the view of central banks.

On Tuesday, breaking the two-day losing streak and experiencing purchasing in frontline indices, Indian equities recorded gains in the afternoon session, staying near the day's high point. The report indicating that India and the UAE are set to sign a free trade agreement (FTA) on February 18, uplifted the sentiments.

On Friday, the benchmark indices broke three-day gaining momentum and ended lower with Sensex and Nifty contracting 1.31 per cent each.

The core benchmark indices erased the day's gains and entered the red territory towards the end of the trading session as investors preferred to lighten positions ahead of the weekend and the upcoming Union Budget.

On an MTD basis, the shares of Zomato plummeted about 34 per cent, which is greater than most of the fintech companies. Moreover, it has hit its fresh 52-week low today.