Stock Market Kerala
January 24, 2025 at 11:20 AM
POST MARKET REPORT The markets delivered negative returns for the third consecutive week, a trend last seen three months ago. The midcap index gave up Thursday’s gains today, dropping 836 points to 53,263, and the Nifty Bank index ended 221 points lower at 48,368. HDFC Bank, Reliance & M&M contribute most to Nifty’s fall FMCG stocks see buying, HUL, Britannia & Tata Cons end as top Nifty gainers Dr Reddy’s is top Nifty loser, slips 5% after Q3 results miss estimates Shriram Finance ends off highs but with minor cuts tracking Q3 results Trent continues to move lower, slips another 4% Mphasis sees sharp intra-day recovery, ends 3% higher on positive management commentary Laurus Labs beats estimates in Q3, margin back above 20% after 7 quarters, stock up 3% Healthy Q3 helps Amber Enterprises rise 3% while Syngene falls 6% on guidance cut Cyient slides 24% on guidance cut & CEO’s resignation IEX closes in the green but off highs after reporting a healthy Q3 Granules, Thyrocare, Mankind, Spandana, Tejas, and Jindal Saw react negatively to Q3 results Ujjivan SFB reports 7-quarter high GNPA ratio & multi-quarter high slippages, stock tanks 4% Sona BLW and Suryoday SFB fall up to 6% on weak outlook Market breadth favours declines, advance-decline ratio at 1:4.
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