DSIJ Mindshare

On Monday, the equity indices continued their losing streak into the second trading day, finishing with minor losses. After touching the day's low of 16,917.25 in the early trade, Nifty managed to settle above the 17,050 mark. The market was supported by metal, private bank & media stocks while auto, IT, and consumer durables witnessed selling pressure. The domestic sentiment was harmed as a result of poor global signals.

In the mid-morning trade, the benchmark indices traded in a narrow range with losses. Except for Nifty Realty index, all of NSE's sectoral indices were in the red. Other companies set to announce their results today include Adani Wilmar, Jindal Stainless, INOX Leisure, IDBI Bank, Castrol India, Mahindra Holidays & Resorts, Mahindra & Mahindra Financial Services, Dwarikesh Sugar, CG Power, Alembic Pharmaceuticals, and Saregama India.

On Friday, the key indices gave up early gains and closed the choppy trading session with losses. After hitting the day's high of 17,377.65 in the morning trade, Nifty finished just above the 17,100 mark. On NSE, all sectoral indices closed in the negative territory, with media and oil & gas stocks losing the most. The stock of Shriram Transport Finance Business climbed 4.9 per cent to Rs 1,199.65 after the company reported a 43.87 per cent increase in standalone net profit. On Friday, the European markets rose across the board as good corporate profits boosted global stocks.  

Varroc Engineering Ltd (VEL) hits a 20 per cent upper circuit limit of Rs 494.60 after announcing that it will sell its four-wheeler lighting system operations in the Americas and Europe to Compagnie Plastic Omnium SE of France for 600 million euros. Jindal Poly Films (JPFL) rose 3.23 per cent to Rs 1,155 after the business said that Jindal Polypack, a wholly-owned subsidiary, has entered into a deal to acquire 100 per cent of SMI Coated Products' shares.

On Thursday, the equity indices completed a turbulent trading session with significant gains. Hindustan Unilever rose 4.33 per cent to Rs 2,237 after reporting an 8.59 per cent increase in revenue. Coromandel International climbed 6.86 per cent after reporting an 85.94 per cent increase in the consolidated net profit. The stock of Chennai Petroleum Corporation Ltd (CCPL) jumped 6.43 per cent after the refining firm reported a 329 per cent increase in its net profit. Indian Hotels Company surged 4.83 per cent to Rs 247.25 after registering a consolidated net profit of Rs 57.93 crore for the fourth quarter. Persistent Systems soared 5.1 per cent after reporting a 13.9 per cent increase in its consolidated net profit.