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SpiceJet Rises on Fleet Expansion, Apar Tanks on Weak Q3, Swiggy Hits 52-Week Low
SpiceJet Rises on Fleet Expansion, Apar Tanks on Weak Q3, Swiggy Hits 52-Week Low
Written by - Fisdom Research
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January 28, 2025
2 minutes
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Market Snapshot
The Indian equity market ended its two-day losing streak, gaining 0.5% on the back of RBI’s liquidity-boosting measures.
Auto, realty, and financial stocks led the recovery, providing strong support to the frontline indices.
Banking and auto sectors were the key drivers behind the market’s positive momentum.
Broader markets witnessed continued selling pressure, but mid and small-cap stocks managed to recover most of their losses during the day.
Despite the rebound, mid and small-cap stocks struggled to hold onto higher levels by the close.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY REALTY
2.2
NIFTY PRIVATE BANK
1.6
NIFTY FINANCIAL SERVICES
1.9
NIFTY AUTO
1.3
NIFTY PSU BANK
1.7
NIFTY FMCG
-0.4
NIFTY BANK
1.7
NIFTY METAL
-0.4
Top News
SpiceJet shares gained 3% after the airline announced the re-induction of its grounded Boeing 737 MAX aircraft as part of a fleet restoration effort with Standard Aero and CFM International.
Apar Industries shares plunged 20% following a 17.7% YoY revenue increase but a 20% drop in net profit to ₹175 crore in Q3 FY25, triggering a sharp sell-off.
Swiggy shares fell 4%, hitting a 52-week low of ₹389.05, slipping below its IPO price, after tumbling 15% over six sessions despite an initial 32% post-listing rally.
Shreeji Shipping Global files draft papers with Sebi to raise funds via IPO
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
22,750
23,000
Bank Nifty
48,000
49,300
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
BAJFINANCE
4.3
SUNPHARMA
-4.2
AXISBANK
3.7
BRITANNIA
-2.2
SHRIRAMFIN
3.6
HINDALCO
-2.1
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