Nifty IT Index: Led the losses, declining by over 2%, weighed down by weakness in major IT stocks.
Energy and Healthcare Sectors: Fell nearly 1% each, reflecting subdued sentiment across these segments.
Top Gainers:
-
- Nifty Metals Index: Emerged as the top-performing sector, gaining up to 2% before paring some of the gains.
- Nifty Auto, FMCG, and Bank Indices: Posted modest gains of 0.3%-0.7%, signaling resilience in these sectors despite broader market volatility.
Stocks to watch –
- GMR Airports:
October passenger traffic and aircraft movements increased by 9% YoY, signaling robust recovery in travel demand. - Colgate Palmolive:
Launched an AI-powered dental screening program, leveraging technology to enhance oral healthcare solutions. - Zee Entertainment:
Punit Goenka steps down as MD to focus on operational responsibilities as CEO, aligning with a strategic leadership transition. - Shilpa Medicare:
Its arm received a Certificate of Suitability from the EU regulator for Octreotide API, boosting its global market presence. - ITI Limited:
Secured a ₹95 crore contract from the Geology and Mining Department, Uttarakhand. - PG Electroplast:
Signed an agreement to become an EV manufacturing partner for Africa’s Spiro Mobility, expanding its global footprint. - AstraZeneca:
Gained import and marketing approval from DCGI for its COPD drug, Breztri Aerosphere, enhancing its respiratory care portfolio. - Gulf Oil:
ICRA upgraded its long-term cash credit limit rating to AA+ from AA, reflecting improved creditworthiness. - MedPlus Health Services:
Premji Invest and SBI Mutual Fund offload 6.6% equity via block deals. Buyers include Morgan Stanley Asia and Kotak MF. - Waaree Energies:
Posted a muted Q2 performance, with profit aided primarily by other income rather than operational growth.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
