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Force Motors Jumps on Sales Growth, AMCs Under Pressure, Abbott India Posts Solid Q3 Profits
Force Motors Jumps on Sales Growth, AMCs Under Pressure, Abbott India Posts Solid Q3 Profits
Written by - Fisdom Research
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February 5, 2025
2 minutes
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Market Snapshot
Indian markets closed in the red on February 5, weighed down by consumer stock losses amid weak earnings.
Traders remained cautious ahead of the Reserve Bank of India’s bi-monthly policy announcement on February 7.
Consumer Stocks Drag Down Markets: Asian Paints and Titan fell over 3% after reporting earnings that missed estimates. Nestlé India and Hindustan Unilever declined nearly 2%, while ITC Ltd slipped 1.5% ahead of its earnings on February 6. The BSE FMCG Index dropped 1.4%, extending its losing streak to three sessions..
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MEDIA
1.8
NIFTY HEALTHCARE INDEX
0.7
NIFTY METAL
1.5
NIFTY PHARMA
0.6
NIFTY OIL & GAS
1.5
NIFTY BANK
0.4
NIFTY PSU BANK
1.0
NIFTY PRIVATE BANK
0.3
Top News
Force Motors surged over 10% to ₹7,057 on February 5, driven by strong January sales in the commercial and utility vehicle segments.
AMC stocks corrected by 30%, underperforming broader indices like Nifty 100 and Nifty Midcap 100, amid concerns over AUM declines and earnings uncertainty.
Abbott India jumped over 6% after reporting a 16% YoY rise in net profit to ₹360.78 crore for Q3FY25, up from ₹310.98 crore in the previous year.
Eight Firms Set to Raise Over Rs 7,800 Crore.
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,400
24,000
Bank Nifty
49,500
51,000
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
HINDALCO
2.9
ASIANPAINT
-3.4
ITCHOTELS
2.9
TITAN
-3.0
ONGC
2.7
NESTLEIND
-2.2
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