Force Motors Hits Upper Circuit on Strong Q2 Earnings; Maruti and Voltas Diverge on Mixed Results

Market Snapshot

• Indian benchmark indices opened on a negative note, influenced by mixed global cues, and traded within a tight range with a mild negative bias through most of the session.
• Sector-wise, FMCG, capital goods, and media gained 0.5-2%, providing some support to the market.
• Meanwhile, banking, pharma, and IT sectors each declined by around 1%, weighing on broader market sentiment.

Sectoral Trends

Technical Outlook: Key Indices

Top News

• Force Motors 20 percent upper circuit after the company posted strong second quarter earnings. During the quarter, Force’s consolidated net profit jumped 43 percent to Rs 134 crore.
• Maruti Suzuki India’s largest four-wheeler OEM rose 2 percent even as brokerages issued negative calls on the counter following its weak second quarter earnings.
• Voltas fell 4 percent after declaring its Q2 earnings. While the company showed significant annual improvement, sequential results indicated a sharp decline in earnings. Sequentially, net profit dropped by 60 percent and revenue by 47 percent.
• Virtual Galalxy Infotech files for IPO to boost expansion
• Swiggy sets price band between Rs. 371-390

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