Asian equities traded in a narrow range as traders prepared for the US election and key economic data that will set the stage for the next Federal Reserve decision.Shares edged higher in Tokyo and Sydney while futures pointed to gains in Hong Kong Wall Street stocks climbed on Monday ahead of Big Tech earnings and the final phase before the 5 November US presidential election.Here’s a table showing how US stocks performed on Monday:

Source: EquitymasterAt present, the BSE Sensex is trading 250 points lower and NSE Nifty is trading 63 points lower.NTPC, ICICI Bank, and L&T are among the top gainers today.Axis Bank and HUL the other hand are among the top losers today.Broader markets are trading on a positive note. The BSE Midcap index is trading 0.2% higher and the BSE Smallcap index is trading 0.3% higher.Sectoral indices are trading mixed today with in power sector and capital goods sector witnessing the most buying. Meanwhile, stocks in the metal sector and IT sector witnessing selling pressureThe rupee is trading at Rs 84.08 against the US dollar.In commodity markets, gold prices are trading 0.3% higher at Rs 78,785 per 10 grams today.
 Suzlon Energy Q2 ResultsSuzlon Energy Ltd. reported its September quarter results after market hours on Monday, on 28 October 2024.The wind energy solutions provider reported a 48% increase in revenue compared to the same period last year.The top line for the quarter stood at Rs 21 bn. The company reported a revenue of Rs 14.2 bn last year.Suzlon Energy’s Net Profit nearly doubled compared to the year-ago period to Rs 2 bn. It reported a bottom line figure of Rs 1 bn last year.Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) for the quarter saw a growth of 31.3% to Rs 2.9 bn, while margins saw a marginal dip from last year to 13.9% from 15.7% in the base quarter.Suzlon’s current order book is at an all-time high of 5.1 GW, of which, 54% comprises of Commercial & Industrial (C&I) segment, 23% is for central & state bids, and another 23% is from PSUs.Deliveries during the quarter stood at 256 MW, which was marginally below the 274 MW it delivered during the June quarter but nearly double the 132 MW it delivered during the same quarter last year.During the quarter, Suzlon had signed India’s largest wind energy order of 1,166 MW from NTPC Green Energy, which is currently slated to launch its Initial Public Offer (IPO), to install a total of 370 Wind Turbine Generators of S144 equipped and with a rated capacity of 3.15 MW.

Bharti Airtel Q2 Results
Bharti Airtel on Monday reported a 168% jump in its consolidated net profit for the quarter ended September 2024 to Rs 35.9 bn as against Rs 13.4 bn posted in the year-ago period. ARPU for the quarter stood at Rs 233 as compared to Rs 203 in Q2FY24.This translates into a 15% YoY jump in the average revenue per user.The company’s revenue from operations during the quarter stood at Rs 414.7 bn, up 12% over Rs 370.4 bn reported in the corresponding quarter of the previous financial year.Its consolidated net income (before exceptional items) stood at Rs 39.1 bn, up by 32.2% YoY.The second-largest telecom operator by way of subscriber base reported a revenue uptick of 7.7% on a QoQ basis, driven by strong momentum in India and sustained constant currency growth in Africa.The India business posted quarterly revenues of Rs 315.6 bn, up 17% YoY and 8.7% QoQ, backed by improved realisations in the mobile segment and sustained momentum in Homes and Airtel Business.
 Ajanta Pharma Announces DividendThe board of Ajanta Pharma has declared a first interim dividend of Rs 28 per share, amounting to Rs 3.5 bn, for the financial year 2025.The company has fixed 6 November 2024, as the record date for payment of the first interim dividend. The dividend will be paid to shareholders by 15 November 2024.A record date means shareholders who own shares of the company at that particular date will be eligible for the dividend payout.With this, the total payout in the current financial year becomes Rs 7 bn, which is 90% of cashflow from operations for the first half of the financial year 2025.For the July to September period, Ajanta Pharma reported an 11% year-on-year jump in profit at Rs 2.2 bn as against Rs 1.9 bn.More By This Author:Sensex Today Ends 603 Points Higher; Nifty Above 24,300Sensex Today Trades Higher; Nifty Above 24,200Sensex Today Tanks 663 Points; Nifty Ends Below 24,200