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I) Nifty: opened at 23801 and touched a high of 23807, then a low of 23680, and closed at 23696 with a total of -42 points in Negative.
II) Bank Nifty: opened at 50402 and touched a high of 50522, then a low of 50215, and closed at 50343 with a total of +185 points Positive.
III) CNX Finance: opened at 23714 and touched a high of 23743, then a low of 23621, and closed at 23664, with a total of +43 points in Positive.
IV) Nifty Mid Select: open 12064 and touched a high of 12194, then a low of 1059 and closed at 12092, With a total of +81 points in Positive.
1. Eris Life:- The board of directors of Eris Lifesciences is scheduled to meet on Friday, February 07, 2025, to consider the declaration of interim dividend for the financial year 2024-25
2. Global Health:- Net Sales at Rs 727.45 crore in December 2024 up 49.59% from Rs. 486.30 crore in December 2023.
1. Syrma SGS:- Syrma SGS Technology's shares have surged 34% in six sessions after strong quarterly performance. Kotak Institutional Equities has upgraded its rating on the stock to 'Add' and raised its target price to ₹550 per share. Jefferies has retained its 'Buy' call on the stock with a TP of ₹690.
2. Thermax:- The EBITDA margin stood at 7.5% in the reporting quarter compared to 8.1% YoY. The CNBC-TV18 poll had predicted a margin of 9.4%. Shares of Thermax Limited ended at ₹3,545.70, down by ₹30.35, or 0.85%, on the BSE.
On February 5, 2025, India's benchmark indices remained largely unchanged as gains in energy stocks, led by ONGC and oil marketing companies, balanced out losses in consumer shares. The Nifty 50 rose by 0.15% to 23,774 points, while the BSE Sensex saw a slight decrease to 78,539.29.
Key Stock Movements:
Overall, the market's stability was influenced by gains in the energy sector, which offset declines in consumer stocks.
Sources
Indian markets showed stability on February 5, 2025, with the Nifty 50 rising by 0.15% to 23,774 points, while the BSE Sensex decreased slightly to 78,539.29. ONGC led gains with an upgraded production outlook, boosting its stock. BPCL and HPCL saw increases after Goldman Sachs raised their ratings. Tata Power rose 3.5% on strong profits. Meanwhile, Asian Paints dropped 4% due to missed expectations, and NTPC, Larsen & Toubro, and TCS saw minor declines. Energy stocks helped offset consumer stock losses.
Sources: Reuters, MarketWatch
