India Movers: Adani Wilmar, Bajaj Finance, FSN E-Commerce, Hindustan Unilever, Reliance Industries

Arun Goswami
06 Jan, 2025
Mumbai

Stock market indexes looked down in cautious trading as investors awaited the release of GDP data and surveys on manufacturing and services sectors activities. 

The Sensex index decreased by 0.1% to 77,9106.03, and the Nifty index fell by 0.3% to 23,945.73. 

On the Mumbai stock exchange, 106 stocks traded at their 52-week highs, and 29 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched lower to 6.82%, and the Indian rupee eased to a new record low of 85.77 against the U.S. dollar.

Bajaj Finance Ltd. increased 1.9% to ₹7,544.80 after the company released its deposit and loan book data for the fiscal third quarter. 

The company said its assets under management increased 28% from a year ago to ₹3.98 lakh crore at the end of 2024, compared to ₹3.11 lakh crore a year ago. 

Total deposits increased 19% to ₹68,800 crore from ₹58,008 crore a year ago. 

FSN E-Commerce Ventures Ltd. advanced 2.8% to ₹172.75 amid expectations that the parent company of beauty and cosmetic products online retailer is likely to sustain revenue growth of more than 20% in the current fiscal year.

Adani Wilmar Ltd. decreased 0.2% to ₹328.20 after the company reported fiscal third quarter revenue increased 33%, driven by a 6% rise in volume growth. 

Reliance Industries Ltd. decreased 0.1% to ₹1,251.46 after local reports confirmed that the company raised $3 billion from a consortium of 11 banks, the largest borrowing by the company in two years. 

Hindustan Unilever Ltd. dropped 1.3% to ₹2,374.25, and the company is said to be in advanced talks to acquire skincare brand Minimalist for as much as ₹3,000 crore.