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[25/01 Market Update Bajaj Auto (+1%) due to Q3 earnings]

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[25/01 Market Update Bajaj Auto (+1%) due to Q3 earnings]

Tribe Daily

Tribe Wealth
Jan 25
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[25/01 Market Update Bajaj Auto (+1%) due to Q3 earnings]

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Market Summary

Nifty declined as investors wound up their positions on the last day of F&O expiry.


Companies

Adani Ports (-6%) plunged after the Hindenburg report raised concerns about high debt levels. Bajaj Auto (+1%) rose after the company's Q3 net profit zoomed 23% to Rs 1,491 cr.


Sectors

Nifty PSU Bank(-4%) and Nifty Bank (-3%) declined as the market witnessed a sell-off ahead of the Union Budget and FED meeting next week.


Market News

1. Tata Motors Q3 revenue from operations grew by 22.5% ( to Rs 88,488 cr). (Financial Express)

2.Dr. Reddy Lab Q3 consolidated net profit rose by 77% to Rs 1,247 cr. (Business Standard)

3.Indian Bank (+1%) rose due to strong Q3 earnings. (Business Standard)

4.Jyothy Labs (+1%) rose as the company's Q3 PAT climbed by 77% to Rs 67 cr.(Business Standard)

5.Cipla Q3 PAT rose by 10% ( to Rs 801 cr). (Money Control)


Market Sentiment


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[25/01 Market Update Bajaj Auto (+1%) due to Q3 earnings]

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