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Ambuja’s Profit Soars But Stock Sinks, Fertiliser Rally Ahead of Budget, Info Edge Eyes Stock Split
Ambuja’s Profit Soars But Stock Sinks, Fertiliser Rally Ahead of Budget, Info Edge Eyes Stock Split
Written by - Fisdom Research
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January 30, 2025
2 minutes
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Market Snapshot
Equity markets closed higher for the third consecutive session, extending their rebound as investors capitalized on recent dips.
Corporate earnings remained mixed, but overall sentiment stayed positive ahead of the Union Budget on Saturday and the RBI’s bi-monthly policy meeting next week.
Experts see an increased probability of a rate cut, driven by: Weaker-than-expected economic growth, Moderating inflation and New members in the Monetary Policy Committee (MPC).
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY REALTY
1.8
NIFTY FMCG
0.7
NIFTY OIL & GAS
1.6
NIFTY FINANCIAL SERVICES
0.4
NIFTY HEALTHCARE INDEX
1.3
NIFTY BANK
0.3
NIFTY PHARMA
1.2
NIFTY PRIVATE BANK
0.2
Top News
Ambuja Cements plunged in trade on January 30 despite posting a three-fold jump in net profit to ₹1,758 crore for Q3FY24, up 242% YoY.
Fertiliser stocks surged 2-3% ahead of the Union Budget 2025, with market experts anticipating a ₹1.7 lakh crore fertiliser subsidy allocation and increased focus on organic alternatives.
Info Edge (India) rose 3% as the company announced its board would consider a stock split in an upcoming meeting, pending shareholder and regulatory approval.
Shreeji Shipping Global files draft papers with Sebi to raise funds via IPO
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,100
23,350
Bank Nifty
48,700
49,500
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
BEL
4.9
TATAMOTORS
-7.0
POWERGRID
2.8
ITCHOTELS
-5.0
HEROMOTOCO
2.8
ADANIENT
-3.1
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