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LT Foods Slumps on Weak Q3, DAM Capital Soars on Profit Surge, ICICI Bank Shines with Stable Asset Quality
LT Foods Slumps on Weak Q3, DAM Capital Soars on Profit Surge, ICICI Bank Shines with Stable Asset Quality
Written by - Fisdom Research
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January 27, 2025
2 minutes
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Market Snapshot
The Indian stock market began Budget week on a weak note, closing lower for the second consecutive session on January 27 amid broad-based selling.
All sectoral indices ended in the red, reflecting negative sentiment across the market.
The Media index plunged 4.7%, making it the worst-performing sector of the day.
The IT index declined 3.4%, while oil & gas, metal, consumer durables, pharma, and energy sectors fell 2% each.
The widespread sell-off highlights investor caution ahead of the Union Budget 2025 and global market trends.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PRIVATE BANK
-0.5
NIFTY AUTO
-0.9
NIFTY FINANCIAL SERVICES
-0.6
NIFTY PSU BANK
-1.0
NIFTY BANK
-0.6
NIFTY REALTY
-1.1
NIFTY FMCG
-0.7
NIFTY CONSUMER DURABLES
-2.1
Top News
LT Foods tanked 9% on January 27 after posting weak Q3 earnings, with net profit falling 6% YoY to ₹143 crore, impacted by rising raw material and operational costs.
DAM Capital Advisors surged 12% intraday, defying the broader market downturn, after reporting a 144% jump in net profit to ₹51.5 crore for Q3FY25.
ICICI Bank impressed analysts with stable asset quality and strong growth, as its gross NPA improved to 1.96% and net NPA held steady at 0.42%, reflecting its resilience.
Shreeji Shipping Global files draft papers with Sebi to raise funds via IPO
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
22,700
23,000
Bank Nifty
47,500
48,500
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
BRITANNIA
1.5
HCLTECH
-4.6
ICICIBANK
1.3
TECHM
-4.2
M&M
1.0
WIPRO
-3.8
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