Stocks in news: ITC, Marico, SBI, Yatra Online, NSE, Container Corp and Sun Pharma
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian equity benchmarks extended gains on Monday, with the Nifty closing near the 23,500 resistance zone.
- ✓Stocks like ITC, Marico, and SBI will remain in focus on Tuesday, November 3.
- ✓While Marico saw a rise in net profit, ITC and Container Corporation of India reported a fall in profits.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 7 Minute(s)
- Market Focus
- India Economy
Synopsis
Indian equity benchmarks experienced gains, with Nifty nearing the 23,500 resistance level and strong corporate earnings reported. ITC faced a decline in consolidated net profit, impacted by the cigarette business, despite revenue growth. Marico saw a significant rise in net profit and expanding EBITDA margins during the quarter. Container Corporation of India reported a subdued performance with a slight decline in net profit compared to last year.
Indian equity benchmarks extended their opening gains on Monday, with the Nifty closing near the 23,500 resistance zone. The index is likely to move towards its 100-day moving average (100-DMA), placed around 23,700, according to Vatsal Bhuva, Technical Analyst at LKP Securities. The immediate support for the index, he said, is placed at 23,150–23,100, while resistance is seen at 23,500 and 23,700.
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The Economic Times
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