MobiKwik Narrows Losses, L&T Bags Large Orders, Zydus Gains on US Deal
Written by - Fisdom Research
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January 7, 2025
2 minutes
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Market Snapshot
Indian equity indices recovered partially from the previous session’s losses and ended the day on a positive note despite a volatile trading session.
Broad-based buying was seen across sectors, except IT, which remained under pressure.
Most sectoral indices closed in the green, with notable gains in: Oil & Gas, Realty, Energy, Banking, Metals, and Pharma – up by 0.5% to 1%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY OIL & GAS
1.6
NIFTY REALTY
0.8
NIFTY MEDIA
1.4
NIFTY PHARMA
0.7
NIFTY METAL
1.2
NIFTY BANK
0.6
NIFTY HEALTHCARE INDEX
0.9
NIFTY PSU BANK
0.5
Top News
MobiKwik’s share price surged by nearly 14% after the company reported a reduced net loss of Rs 3.6 crore in Q2FY25, down from Rs 6.6 crore in the previous quarter, attributed to continued investments for future growth.
Larsen & Toubro’s Power Transmission & Distribution business secured large domestic and international orders worth Rs 2,500-5,000 crore to build grid infrastructure.
Zydus Lifesciences’ stock gained over 5% after the company announced a deal with CVS Caremark to include its diabetes drugs, Zituvio and its combinations, in the US formulary, with products approved earlier by the USFDA.
BPCL board OK’s Rs. 1000 crore Maharashtra Natural Gas IPO
Quadrant Future Tek IPO sees 9x subscription within 4 hours on Day 1
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
ONGC
3.6
HCLTECH
-1.9
SBILIFE
3.0
TRENT
-1.8
HDFCLIFE
2.3
TCS
-1.6
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