Indian shares experienced a slight dip as trading commenced on Monday, reflecting subdued sentiments from global markets. In the initial hours, the S&P BSE Sensex dropped by 132 points, or 0.2%, reaching 79,096, while the NSE Nifty index saw a decrease of 76 points, or 0.3%, settling at 23,928.
Notable laggards included Hindalco, Coal India, BPCL, Tata Steel, and Kotak Mahindra Bank, each declining by approximately 2%.
In contrast, Bajaj Finance saw an uptick of 1.3%. The company reported in its quarterly business update that its assets under management had increased by 28% in the third quarter ending December 31, 2024.
FSN E-Commerce Ventures surged almost 4% following their announcement of anticipated Q3 consolidated net revenue growth surpassing mid-twenties figures.
Bank of India fell by 1.7%, driven by news of its plans to offload stressed loans tied to Simbhaoli Sugars and Visa Steel.
Hindustan Unilever declined 1.5% amidst reports of being in advanced negotiations to acquire the direct-to-consumer (D2C) skincare brand Minimalist, valued at Rs 3,000 crore.
Dabur India dropped sharply by 4.4% after forecasting low single-digit revenue growth for the December quarter.
Meanwhile, Easy Trip Planners soared by 6%, following assurance from a co-promoter that no further stake sales would be pursued by any of the promoters in the future.
The material has been provided by InstaForex Company -
www.instaforex.com
