[06/02 Market Update] Varun Beverages (+6%) rose due to Q3 results.
[06/02 Market Update] Varun Beverages (+6%) rose due to Q3 results.
Tribe Daily
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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