Markets were back in the red with the constant drama around the Adani Group, plus hotter-than-expected US jobs data dented sentiment. The Advance-decline ratio was split evenly. But both Nifty and Sensex fell -0.08% and -0.29%, respectively, over the week. Midcaps (+2.15%) and Smallcaps (+1.21%) held their own.
Most sectors closed in the positive. Realty (+2.02%), Media (+1.90%) & Pharma (+1.22%) were the top gainers, while Metal (-1.58%), Energy (-1.42%) and FMCG (-1.11%) were the top losers.
What happened 📝
Paytm rallied +7% after turning EBITDA positive in Q3. On Friday, it was the top loser (-8%) on the Nifty 500 after 2.1 cr shares (3.4% equity) changed hands in a block deal.
Adani Enterprises rallied +15% intraday. Adani Wilmar was locked in a 5% upper circuit. 💯
ITC dropped 3% on reports that the Govt may trim its stake. 🙈
Zomato’s (-3%) Q3 results failed to excite investors.
Tata Motors increased the Tiago EV price by Rs 20,000, according to media reports.
Vedanta dropped 3% on reports that GOI may oppose the sale of its international Zinc operations for $3 billion to Hindustan Zinc. 🚫
Divis Lab cracked another -4% after global brokerage firm Jefferies cut their target price to Rs 2,550 per share; down 8% from today’s closing price. ✂️
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