https://drive.google.com/file/d/1bSPemEZrOFWSh4NC1DUkHRtrZAqHLM7e/view?usp=drivesdk
Daily Market Wrap
Here is a snapshot of todayβs market drivers:
π» The market ended a volatile week on a weak note, with Sensex and Nifty closing slightly down for the third straight session as investors booked profits.
π The Q2 earnings season acted as a powerful tailwind, with Bajaj Auto reporting a stellar 53% year-on-year jump in consolidated net profit.
π Nykaa also delivered a blockbuster quarter, with its consolidated net profit skyrocketing 243% year-on-year, highlighting strong consumer demand.
π Capital market-linked stocks like BSE surged after supportive commentary from the Finance Minister and SEBI Chairman on the F&O segment eased regulatory concerns.
π Piramal Finance made a strong debut on the bourses, listing at a 13% premium and showcasing continued investor appetite for quality new offerings.
Today the market treaded water, closing marginally lower to cap a week of losses. The session was a tug-of-war between profit-taking and overwhelmingly positive corporate earnings. While cautious global cues and a desire to book profits weighed on the indices, a barrage of stellar Q2 results from heavyweights provided a strong cushion. This robust domestic earnings story is the key reason the market managed to pare its deeper intraday losses, suggesting that while external risks persist, the fundamental health of corporate India is providing solid ground for investors.
Stay sharp.
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