Zydus Surges, IT Stocks Rise, VRL Logistics Skyrockets 20%
Written by - Fisdom Research
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February 6, 2025
2 minutes
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Market Snapshot
Investors remained on edge ahead of the Reserve Bank of India’s bi-monthly policy announcement on February 7.
Bankers and economists anticipate a 25-basis-point rate cut, citing sluggish growth, government estimates, and recent liquidity measures.
Asian equities gained momentum as Wall Street stocks and bonds advanced, despite tariffs, weak tech earnings, and mixed US economic data.
The S&P 500 and Nasdaq 100 recorded their second consecutive day of gains, extending their rebound from Monday’s decline.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PHARMA
0.6
NIFTY BANK
0.1
NIFTY IT
0.3
NIFTY FINANCIAL SERVICES
0.0
NIFTY PRIVATE BANK
0.3
NIFTY OIL & GAS
-0.4
NIFTY HEALTHCARE INDEX
0.1
NIFTY PSU BANK
-0.7
Top News
Zydus Lifesciences gained over 2% in early trade on February 6 after posting a 30% YoY rise in Q3FY25 net profit to ₹1,023 crore, driven by strong sales in India and the US.
Indian IT stocks (TCS, Infosys, HCL Tech, Wipro) rose up to 1%, following Cognizant’s strong Q4 results, which boosted investor sentiment in the sector.
VRL Logistics surged 20% to ₹559 after reporting robust Q3FY25 earnings, with trading volumes soaring to 8 lakh shares, well above the one-week average of 66,000 shares.
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
CIPLA
2.5
TRENT
-8.4
ADANIPORTS
1.9
BEL
-3.1
ITCHOTELS
1.8
BHARTIARTL
-2.3
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