RentoMojo, LCC Projects, and Steamhouse India to Release Second Quarter Results on October 5

Four companies—RentoMojo, LCC Projects, Steamhouse India, and Globe Commercials—have scheduled the announcement of their financial results for the second quarter of the current fiscal year on Monday.

Three of these companies, namely RentoMojo, LCC Projects, and Steamhouse India, debuted on the stock market last month. RentoMojo raised ₹1,201 crore, while LCC Projects and Steamhouse India raised ₹419 crore and ₹414 crore, respectively, through initial public offerings and offerings (OFS).

RentoMojo completed its first trading session 31.9 percent above its issue price, reaching ₹532.95. Steamhouse India and LCC Projects showed growth of 26.2 percent and 18.3 percent, respectively. Their reports for the September quarter will be the first financial updates from these recently listed companies.

Market Overview

Indian stock indices opened higher today: Nifty50 rose by 119 points, or 0.53 percent, reaching 22,541, and Sensex increased by 364 points, or 0.51 percent, totaling 72,274. This rise occurred amid global stock gains following easing concerns about monetary policy tightening due to favorable economic data. Asian markets also showed growth, while US stocks closed Friday with positive momentum. Brent crude oil futures fell by 0.64 percent to $101.57 per barrel.

Companies Announcing Second Quarter Results Today:

The list of companies announcing results today includes Globe Commercials, LCC Projects, RentoMojo, and Steamhouse India.

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www.aajtak.inOctober 5, 10:08

Indian stock market falls again: HDFC Bank shares drop sharply, Nifty falls below 22400

The Indian stock market once again showed a decline, continuing the pressure after eight consecutive weeks of falling. Although Monday started with optimism, by noon the Nifty index suddenly plummeted below the 12400 mark. The biggest contributors to this fall were the shares of HDFC Bank and HCL Tech. Additionally, by noon, the Sensex index fell to the level of 71,850 points.

The main reason for the decline was the pressure on HDFC Bank and the Nifty Bank index. HDFC Bank shares, which are one of the largest weighted components of the index, experienced a significant sell-off of about 2.5%, which exerted broad pressure on the Nifty Bank index. Asian Paints shares also fell by more than two and a half percent.

Despite the opening market showing excellent results due to improved global sentiment, during trading, Nifty reached a peak of 22,621.80 points, but then the pressure intensified, and the index dropped below 22400.

Massive selling by FIIs

The main factor weakening the Indian market was the active selling by Foreign Institutional Investors (FIIs). These foreign investors are withdrawing funds from Indian stock markets. The rise in the dollar index and the increase in US Treasury bond yields prompt foreign funds to shift capital from emerging markets like India to safer assets.

Furthermore, there is concern that global geopolitical uncertainty and fluctuations in crude oil prices could negatively affect the Indian economy and corporate margins. Crude oil prices remain above $100 per barrel.

Market experts believe that as long as Nifty does not overcome the 22,650–22,700 level, instability and pressure will persist in the market.

Positive factors from America

Despite the rise in the American market, the Indian market continues to fall. Accenture's fourth-quarter earnings (July-September 2026) supported IT stocks in the domestic market. As a result, Accenture shares rose by 22% on October 1st, marking the best day for the company so far.

Nevertheless, job growth in the US in September was slower than expected, and the sharp reduction in non-farm payroll data over the last two months has virtually eliminated the possibility of the Fed raising interest rates this month.