Asian share markets rose on Friday, while the dollar pulled back from a one-month peak as investors took stock of the slew of US economic data that showed a resilient labor market ahead of crucial non-farm payrolls report due later in the day.

The Nikkei is trading 0.1% higher, and the Hang Seng index is trading 0.9% higher. While Shanghai Index is trading 0.5% higher.

US stocks closed little changed on Thursday after a choppy trading session, as investors weighed another rise in Treasury yields with the latest batch of economic data and earnings.

Dow Jones Industrial Average and the tech-heavy Nasdaq Composite ended marginally lower.

Here's a table showing how US stocks performed on Thursday:

Source: Equitymaster

Back home, Indian share markets are trading on a positive note today.

At present, the BSE Sensex is trading higher by 210 points. Meanwhile, the NSE Nifty is trading up by 75 points.

Cipla and Wipro are among the top gainers today.

Bajaj Auto and BPCL on the other hand are among the top losers today.

Broader markets are trading on a mixed note. The BSE Mid Cap index is trading 0.4% higher and the BSE Small Cap index is trading 0.7% higher.

Sectoral indices are trading on a mixed note with stocks in the auto sector and Oil and gas sector witnessing the most selling pressure.

Meanwhile, the stocks in metal and telecom are witnessing buying.

Shares of MRF and Info Edge hit their 52-week high today.

The rupee is trading at Rs 82.79 against the US dollar.

In commodity markets, gold prices are trading lower by 0.1% at Rs 59,391 per 10 grams today.

Meanwhile, silver prices are trading 0.3% lower at Rs 72,296 per 1 kg.
 

Bharti Airtel Q1 net profit flat

Bharti Airtel yesterday reported a consolidated net profit of Rs 16.1 bn in the first quarter of the current financial year, up 0.34% from the year-ago period.

The company's African arm clocked losses due to Nigerian currency devaluation but they were offset by greater adoption of post-paid and 4G services as well as steady customer acquisition at home.

Revenue from operations for India's second-biggest telecom player rose 14.1% to Rs 374.4 bn from the corresponding quarter of the previous fiscal.

The company maintained its industry-leading growth, in line with expectations. The average revenue per user (ARPU) per month, an important metric used by telecom companies to measure revenue generation, increased 9.28% year on year (YoY) to Rs 200.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter were at Rs 197.5 bn, up 18.9% YoY. EBITDA margin came in at 52.7%, registering an expansion of 2.1% YoY.

EBIT was at Rs 100.8 bn, up 29% YoY, with EBIT margin at 26.9%, expanding 3.1% YoY.
 

Paytm monthly users soars

Fintech company Paytm on Thursday said its average monthly users rose by 19% on-year to 93 m.

Merchant subscriptions stood at 8.2 m, with 4.1 m new subscriptions over the year.

Sequentially, the company saw merchant subscriptions increase by about 4 lahks in July 2023.

Payment volumes for merchants or Gross Merchandise Values (GMV) rose 39% on-year at Rs 1.5 trillion (tn).

The fintech platform said it doled out 4.3 m loans in July, making the total value of loans distributed in the month to Rs 51.9 bn, at a whopping yearly growth of 148%.

The company will discontinue monthly disclosures of operating metrics starting September 2023 since its business model has achieved scale.

Paytm reported a narrowing of loss to Rs 3.6 bn in its June quarter, having posted a loss of Rs 6.5 bn in the same period a year ago.

In the past year, Paytm's share price has gained 43%.

Paytm's shares soar to yearly high on robust operational performance and growth prospects. 
 

Eicher Motors Q1 results

Eicher Motors' consolidated net profit zoomed 50% to Rs 9.2 bn on the back of softening commodity prices, incentivization benefits of its product lines as well as positive volume growth in the bike-making arm Royal Enfield (RE) in the first quarter of the financial year 2023-2024.

EML's Profit after Tax (PAT) during the first quarter of the financial year 2022-23 was Rs 6.1 bn.

The company claimed that this is its best-ever Q1 performance and is also the fourth consecutive quarter of highest-ever revenue from operations and PAT.

The company's consolidated revenue rose 17.3% YoY to Rs 39.9 bn in the quarter under review as against Rs 33.9 bn in the year-ago period. EBITDA was Rs 10.2 bn, up 22.8% compared to Rs 8.3 bn in the same quarter of the previous financial year.

Furthermore, Royal Enfield recorded its best-ever performance in Q1 FY2024.

The company's volumes during the June 2023 quarter stood at Royal Enfield sold 225,368 units of (consolidated) motorcycles in the quarter, an increase of 21.1% from 186,032 units (consolidated) of motorcycles sold over the same period in FY 2022-23.

Going forward, the company aims to expand its EV portfolio and strengthen its presence in the electric mobility segment. Note that the electric vehicle (EV) megatrend is a once-in-a-century revolution happening right in front of us.

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