Overview
- Nifty 50 inched up 0.06% to 26,146 while the Sensex slipped 32 points to 85,188, with market breadth positive for a second session.
- Autos outperformed as the Auto index rose about 1% on strong December prints, including TVS Motor sales up 50% year on year and Hero MotoCorp up 40%, as the FMCG index fell over 3%.
- Analysts said holding 26,100 could open 26,250–26,325, with supports near 26,050 and 25,950, as options data pointed to an immediate 26,000–26,300 band within a broader 25,700–26,500 range.
- Sapphire Foods will merge into Devyani International effective April 1 with a swap ratio of 177 Devyani shares for every 100 Sapphire shares, alongside a board-cleared 18.5% secondary sale by Sapphire Foods Mauritius to a Devyani promoter entity before the scheme takes effect.
- Vodafone Idea disclosed a Rs 638 crore penalty, including interest, from an Ahmedabad tax authority and said it will pursue appropriate legal action.