Trader Pulse By Vishal
February 5, 2025 at 10:31 AM
Indian markets experienced a mixed performance. The benchmark indices remained relatively flat. Investors are now focusing on the upcoming *Reserve Bank of India* policy meeting, with expectations of a potential interest rate cut aimed at stimulating economic growth.
*Major Indices Performance:*
• *NIFTY 50:* 📉 Decreased by 0.18%, closing at 23,696.30.
• *SENSEX:*📉 Declined by 0.40%, ending at 78,271.28.
• *BANK NIFTY:* 📈 Rose 0.37%, closing at 50,343.05.
• *NIFTY MIDCAP 150:* 📈 Jumped 0.74%, closing at 19,995.70.
• *NIFTY SMALLCAP 250:*📈 Surged 1.57%, closing at 16,104.40.
*Sectoral Performance:*
• *NIFTY Capital Market:* 📈 Up +4.78%, closing at 3640.10.
• *NIFTY Media:* 📈 Rose +1.79%, closing at 1651.
• *Nifty FMCG:* 📉 Down -1.56%, closing at 56,834.
*Major news headlines of the day:*
• *Info Edge* (India) has approved a 1:5 stock split, dividing each ₹10 share into five ₹2 shares to enhance accessibility and liquidity. Following the announcement, the company's shares rose by 3%.
• *HDFC Life Insurance* plans to raise ₹1,000 crore through 10-year non-convertible debentures at an 8.05% annual coupon rate to fund business growth.
• *Zydus Lifesciences* Q3 net profit rose 27% year-over-year to ₹790 crore, with revenue increasing by 6% to ₹4,505 crore. The company announced a ₹600 crore share buyback at ₹1,005 per share.
• *Lemon Tree Hotels* shares increased by 5% after the company reported a significant rise in quarterly net profit and revenue. The company plans expansion and renovations, aiming for sustained growth.
• *Angel One's* shares rose over 6% after reporting significant growth in options trading and client base in January 2025.