Thursday, February 8, 2024

 #A3RT ``Trust & Trade``


Markets Update After Closing By @arbindtiwariT

#market closed at day’s low with financials remain a drag

#RBI’s status quo policy & healthy growth estimates fail to boost mkt sentiment

#NiftyBank slides 2% against 1% fall for Sensex & Nifty

#Sensex falls 724 points to 71,428

#Nifty 213 points to 21,718

#FOUR of 5 top 5 Nifty contributors to the downside are pvt banks

#Midcap Index closes lower but relatively outperforms

#Midcap Index slips 24 points to 49,328 & Nifty Bank 807 points to 45,012

#ITC was amongst top Nifty losers on reports of BAT Mulling share sale

#reliance along with #SBIN & #TCS lend support to Nifty

#Except #PSUBank all constituents of Nifty Bank end in the red

#FMCG stocks under pressure following mixed Q3, Nifty FMCG down 2%

#Cummins & #Trent are top Midcap losers after a strong showing in Q3

#MaxFin builds on to Wednesday’s gain, rises another 4% today

#DeltaCorp reverses some of Wednesday’s gains, ends 5% lower

#ManappuramFinance falls despite a beat in Q3, closes 5% off highs

#Zomato closes off highs despite a strong set of earnings

#RBI mentions ‘persistent non-compliance by #Paytm stock at lower circuit

#Metropolis #Aarti #muthootfinance #CanFin are top Midcap losers

#market breadth favours declines, advance-decline ratio at 2:3

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