Market Highlights: Sectoral Shifts, Telecom Growth, and Financial Results

30 Jan 2024 , 01:45 PM

Metal, realty, and oil & gas sectors observe a 1 % increase, while power and FMCG sectors witness selling pressure. BSE Midcap and Smallcap indices show losses.

The Sensex declines by 264.25 points or 0.37 % to 71,677.32, and the Nifty falls by 39.50 points or 0.18 % to 21,698.10. Advancing shares number 1912, declining shares 1284, and unchanged shares 59.

Bharti Airtel added 17.47 lakh subscribers in November 2023, bringing the total to 255.07 million subscribers.

Restaurant Brands Asia reports a consolidated net loss of  ₹36.2 crore for the quarter ended December FY24, showing improvement from the loss of ₹50.4 crore in the same period last fiscal. Revenue from operations increases by 14.8% YoY to ₹604.2 crore.

Reliance Jio, a subsidiary of Reliance Industries, adds 34.47 lakh users in November 2023, with a total of 455.82 million subscribers in the wireless broadband service.

Mahindra Logistics records a consolidated net loss of ₹16.4 crore for the quarter ended December FY24, compared to a profit of ₹1.67 crore in the same period last fiscal. Revenue from operations grows by 5% YoY to ₹1,397.2 crore. The company approves an investment of up to ₹50 crore in subsidiary MLL Express Services.

Nippon Life India Asset Management achieves a net profit of  264.7 crore for the quarter ended December FY24, up by 33.3% YoY. Revenue from operations rises by 18.7% YoY to ₹392.3 crore.

Aditya Birla Sun Life AMC reports a 26% YoY growth in consolidated net profit to ₹209.3 crore for the October-December period of FY24. Revenue from operations increases by 8.7% YoY to ₹341.5 crore for the quarter.
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