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Welspun Hits 16-Week Low, BHEL Falls on Arbitration, Gillette India Soars After Strong Q3 Results
Welspun Hits 16-Week Low, BHEL Falls on Arbitration, Gillette India Soars After Strong Q3 Results
Written by - Fisdom Research
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February 18, 2025
2 minutes
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Market Snapshot
Benchmark indices closed marginally lower after a choppy session.
BSE Midcap index fell 0.2%, recovering from early losses, while the Smallcap index declined 1.7%.
Mixed Asian cues kept Indian markets range-bound, with investors cautious ahead of the FOMC minutes.
Pharma, FMCG, Media, PSU Bank, and Consumer Durables down; IT, Power, and Oil & Gas up.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY IT
1.0
NIFTY REALTY
0.1
NIFTY OIL & GAS
0.5
NIFTY FINANCIAL SERVICES
0.0
NIFTY MIDSMALL IT & TELECOM
0.2
NIFTY FINANCIAL SERVICES EX-BANK
0.0
NIFTY METAL
0.1
NIFTY HEALTHCARE INDEX
-0.2
Top News
Welspun Enterprises shares dropped 7%, hitting a 16-week low, extending a seven-session decline. This followed mixed Q3 earnings, with a 22.66% rise in net sales but a slight 0.08% dip in net profit, despite a 22% increase in total income.
BHEL shares fell 5% after Ducon Tech initiated arbitration for a Rs 30 crore claim and related interests. The state-owned firm has appointed an arbitrator to defend its position.
Gillette India shares surged 16% after strong Q3 results, with a 21% YoY rise in net profit to Rs 125.97 crore and a 7.2% increase in revenue to Rs 685.55 crore, driven by an 11% growth in grooming sales despite a decline in oral care.
Eight Firms Set to Raise Over Rs 7,800 Crore.
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
22,800
23,150
Bank Nifty
48,500
50,000
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
NTPC
3.2
INDUSINDBK
-2.5
TECHM
2.2
TRENT
-2.2
WIPRO
2.0
BEL
-1.9
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