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Trent, Maruti Suzuki, and Britannia Lead Gains on Positive Earnings Outlook
Trent, Maruti Suzuki, and Britannia Lead Gains on Positive Earnings Outlook
Written by - Fisdom Research
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February 1, 2025
2 minutes
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Market Snapshot
Sensex and Nifty closed a volatile session on February 1 with little change, as the Union Budget lacked major catalysts for retail investors and the broader market.
The indices had been rallying for four consecutive sessions leading up to the Budget announcement.
The government’s decision to exempt annual income up to ₹12 lakh from tax and revise tax slabs provided some support, boosting consumption-driven sectors. However, market sentiment remained muted due to a lower-than-expected rise in capital expenditure allocation for FY26.
Investors are now closely monitoring Nifty’s 23,280 level for near-term market direction.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY REALTY
3.4
NIFTY AUTO
1.9
NIFTY FMCG
3.0
NIFTY MIDSMALL HEALTHCARE
0.5
NIFTY CONSUMER DURABLES
3.0
NIFTY PRIVATE BANK
0.2
NIFTY MEDIA
2.2
NIFTY MIDSMALL IT & TELECOM
0.1
Top News
Maruti Suzuki gained 4.79 percent to Rs 12,899.8, while Britannia advanced 4.22 percent to Rs 5,346. Positive earnings expectations drove these gains.
Trent leads Among the top Nifty gainers, Trent surged 5.63 percent to Rs 6,077.25, benefiting from strong buying interest.
Hindustan Unilever and ITC were among the top gainers, rising 4.05 percent and 3.77 percent, respectively, as investors shifted focus to defensive sectors.
Shreeji Shipping Global files draft papers with Sebi to raise funds via IPO
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,300
23,700
Bank Nifty
49,000
50,300
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
TRENT
7.0
BEL
-4.1
ITCHOTELS
5.0
POWERGRID
-3.8
MARUTI
4.9
LT
-3.1
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