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