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Markets Rally, But FMCG Stocks Lag; Godrej Properties’ Profit Soars, L&T Gains on Expansion Plans
Markets Rally, But FMCG Stocks Lag; Godrej Properties’ Profit Soars, L&T Gains on Expansion Plans
Written by - Fisdom Research
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February 4, 2025
2 minutes
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Market Snapshot
Benchmark Indices Rally: Sensex and Nifty surged 1.8%, driven by strong gains in capital goods, banking, energy, and auto stocks.
Positive Market Sentiment: Investors remained upbeat ahead of the Reserve Bank of India’s bi-monthly policy announcement scheduled for Friday.
Supportive Global Cues: Market confidence was further boosted as US President Donald Trump delayed tariffs on Mexico and Canada while signaling trade discussions with China.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY OIL & GAS
2.7
NIFTY BANK
1.9
NIFTY PSU BANK
2.4
NIFTY HEALTHCARE INDEX
1.8
NIFTY FINANCIAL SERVICES
2.1
NIFTY METAL
1.8
NIFTY PRIVATE BANK
2.1
NIFTY PHARMA
1.7
Top News
Godrej Properties reported a 163% YoY surge in net profit to ₹163 crore for Q3FY25, up from ₹62 crore in the previous year.
Larsen & Toubro shares jumped 5% after announcing plans to set up a pellet and DRI plant in the MENA region.
FMCG stocks extended losses for the second day despite a broader market rally, with United Breweries, Godrej Consumer Products, ITC Hotels, and Colgate trading in the red.
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
SHRIRAMFIN
5.7
TRENT
-6.4
LT
4.2
ITCHOTELS
-4.2
BEL
3.7
BRITANNIA
-1.3
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