Dalal Street Sees Mixed Session: Reliance Infra Tumbles on ED Action, Suzlon Energy Soars on Strong Earnings

The Indian equity markets saw a cautious session amid weak global cues and mixed corporate earnings. Reliance Infrastructure plunged 5% to a one-year low after the Enforcement Directorate (ED) attached assets linked to the Anil Ambani Group. The company stated it would have no operational impact. Power Grid Corporation of India's stock fell 3% following a 6% decline in Q2 net profit and contracting margins.

Conversely, Suzlon Energy shares surged 3.54% on stellar Q2 results, with net profit jumping 539% year-on-year. Titan Company reported a 59% net profit increase, driven by strong jewellery demand, leading to a 2.3% rise in its stock.

Public sector banks remained in focus, with State Bank of India's (SBI) Q2 earnings awaited. Fintech firm Mobikwik's losses widened, causing its shares to slip 4.41%. Hitachi Energy India's stock jumped over 13% after reporting a substantial 405.6% profit surge.

Impact: This news significantly affects investor sentiment. While Reliance Infra and Power Grid face headwinds, Suzlon Energy and Titan Company highlight growth in renewables and consumer goods. SBI's results will be key for the banking sector. Impact Rating: 7/10

Difficult Terms: * Enforcement Directorate (ED): Indian agency investigating economic crimes. * Prevention of Money Laundering Act (PMLA): Law against money laundering. * Consolidated Net Profit: Total profit of parent company and subsidiaries. * Revenue: Total income from sales. * Operating Margins: Profitability from core operations. * Interim Dividend: Dividend paid during fiscal year. * Record Date: Date to determine dividend eligibility. * Nifty PSU Bank Index: Tracks public sector banks on NSE. * Asset Quality: Quality of a bank's loans. * Net Interest Income (NII): Bank's interest income minus interest paid. * Treasury Gains: Profits from managing investments. * Gross Non-Performing Assets (NPAs): Overdue loans. * Net NPAs: Gross NPAs minus provisions. * Loan Growth: Percentage increase in outstanding loans. * Deposit Traction: Growth/stability in customer deposits. * Fintech: Companies using technology in financial services. * Operating EBITDA: Adjusted earnings. * High-Voltage Direct Current (HVDC): Power transmission system.