Market Summary

Nifty ended on a lower note due to feeble global cues.

Companies

Adani Ports (+9%) rose ahead of Q3 results. IndusInd Bank (+2%) rose as Hinduja Group is planning to raise its stake in the bank from 15% to 26% with an investment of Rs 10,000 cr. Divis Labs (-4%) declined due to weak Q3 results.

Sectors

Nifty FMCG (+1%) rose due to stellar Q3 results of Marico, Britannia, and ITC.

Market News

1. India's retail vehicle sales rose by 14% to 1.8 million units in January: FADA.(Business Standard)

2.LIC Housing Finance (-3%) declined as Q3 net profit dipped by 40%. (ET Realty)

3.Adani Transmission Q3 net profit rose by 73% to Rs 478 cr. (Business Today)

4.Easy Trip Planners (+2%) rose as Q3 net profit rose by 4% to Rs 41.7 cr. (Zee Business)

5.Varun Beverages (+6%) rose due to strong Q3 results.(Economic Times)

Market Sentiment

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