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It had clocked ₹200.7-crore net profit during the October-December period of the preceding FY23, the company said in an exchange filing.

"Nifty concluded the week at 21,571.80, marking a decline of 323 points from 21,894 levels, on a weekly basis. Pharma, realty, and metal sectors faced selling pressure. Despite persstent attempts to breach crucial resistance, each of them resulted in a sell-off,” Om Mehra, Technical Analyst, at SAMCO Securities said.

As the US carried out its fifth airstrike against Houthi targets in Yemen on Thursday, the Iran-backed rebel group quickly launched two anti-ship ballistic missiles at a US-owned chemical tanker, though no injuries or damages were reported.

RVNL was the top gainer in the smallcap pack with nearly 58% return, followed by Ganesh Housing Corp (50.4), Ircon International (37%), and MSTC (35%).

While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever and State Bank of India faced erosion in their valuation, ICICI Bank, Infosys, Bharti Airtel, Life Insurance Corporation of India (LIC) and ITC were the gainers in the top-10 pack.

​​The continued linked the prosperity of the market on the agility of policies, adherence to principles of fairness, and timely adaptations to meet the evolving needs of both the market and its investors

Sunil Subramaniam believes that the banking sector may see a downgrade in terms of portfolio allocation due to the provisions announced by the RBI. However, he expects decent and healthy banking numbers, especially in corporate lending and SMEs. He also anticipates a pickup in mid and mass market segment consumption, supported by increased rural wages and government spending in an election year. He also likes PSU banks, which he believes will finance the capex cycle and be the vehicle of government dispersal.

Ajay Bagga believes that the worst is over for the IT sector, although the recovery will be slow. He emphasizes the importance of embracing technologies like generative AI and machine learning to add value and attract market rewards. The midcap rally in the market continues, driven by unexpected movements from foreign institutional investors (FIIs). The recent selloff of shares worth Rs 23,000 crore by FIIs may be related to the withdrawal of Chinese and foreign investments in China. The earnings season has been tepid so far.