Following a night of steady rainfall, Chennai’s district collector, Rashmi Siddharth Zagade, has declared a school holiday for Tuesday. The India Meteorological Department (IMD) has issued a yellow alert across multiple districts, with alerts set for 12 districts on November 12, 17 districts on November 13, 27 districts on November 14, and 25 districts on November 15.Read more: Chennai to see heavy rain for next few days, IMD issues alerts for multiple districts across Tamil Nadu; Full forecast hereChennai and nearby districts, including Kancheepuram, Tiruvallur, and Chengalpet, are likely to receive significant rainfall, estimated between 6 cm and 12 cm over isolated areas within a 24-hour period, up to November 15. The rainfall is expected to intensify due to a low-pressure area formin
Benchmark indices closed flat in highly volatile trade on Monday as continuous FII selling, disappointing quarterly earnings and weak trends from Asian markets dented investor sentiment.Stocks that were in focus include names like Hindalco, which rose 0.7%, ONGC, which fell 2.02%, and Asian Paints, whose shares declined nearly 8% on Monday.Here's what Kushal Gandhi, Technical Analyst, StoxBox, recommends investors should do with these stocks when the market resumes trading today.HindalcoThe metal index has been exhibiting a sideways trend within a broader trading range over the past six months, currently supported by the upward-sloping 200 Daily Moving Average. The weakness in the metal index is expected to persist, particularly following a breakdown below the 8900 level.In contrast, a wee
The second quarter earnings season is underway and as many as 540 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out for include that of Hyundai, Nykaa, General Insurance, Zydus and BSE.Apart from the above, Jai Balaji Industries, Ion Exchange, Emami Realty, Elcid Investments, Ador Welding, Alchemist Corp, BCL Enterprises, Chatha Foods, DCX Systems, Kross Ltd, Likitha Infrastructure and a few others will announce their quarterly results.Nykaa Q2 expectationsOmnichannel fashion and beauty retailer Nykaa is expected to report strong growth in its profitability during the quarter ended September 2024.Net profit for the second quarter may triple YoY, according to an average estimate of four brokerages. Meanwhile, revenues are expe