Indices at previous closing
Nifty50: 17,266 ▲53 (+0.3%)
Sensex: 57,808 ▲187 (+0.3%)
Nifty Bank: 38,028 ▲33 (+0.0%)
For more updates on F&O, click here.
Airtel misses street estimates
The telecom major's net profit for the December quarter declined 2.8% YoY to ₹803 crore. This was lower than the street estimate of ₹1,220 crore. However, the company's revenue rose 12.6% YoY to ₹29,867 crore.
This strong growth in the top line was driven by tariff hikes, along with 4G customer addition. The company said that the full impact of revised mobile tariffs will be visible in the fourth quarter. Its average revenue per user (ARPU) rose 11.6% to ₹163. The stock closed flat, but the results were announced after market hours.
IRCTC delivers triple-digit profit
The catering and tourism arm of the Indian Railways reported a 166% YoY growth in net profit to ₹208 crore. Its revenue also soared to ₹540 crore, up 141% YoY.
This sharp rise in the bottom line was aided by a strong growth in revenues from all its segments. The company’s e-ticketing revenue rose 118%. Its catering services revenue grew 113% YoY, while the tourism segment's revenue surged 353% YoY. Shares of IRCTC were up 0.3%, but the results were announced after market hours.
Adani Wilmar beats volatility
Shares of Adani Wilmar listed at a discount of 1% against their issue price of ₹230. However, after making its debut, the stock closed 16% higher.
Meanwhile, the public issue of Manyavar owner Vedant Fashions was subscribed 2.57 times on the final day, led by institutional investors.
Sectoral indices (February 8)
| Top gainers | Top losers |
| Nifty PSU Bank ▲ 0.8% | Nifty Media ▼ 1.0% |
| Nifty Metal ▲ 0.8% | Nifty Realty ▼ 0.8% |
Global markets (at 8:00 am today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.4% |
| Nikkei 225 (Japan) | ▲ 0.9% |
| Hang Seng (Hong Kong) | ▲ 1.6% |
| SSE Composite (China) | ▼ 0.0% |
| Dow Jones (US) (February 8) | ▲ 1.0% |
| NYSE (US) (February 8) | ▲ 0.7% |
| Nasdaq (US) (February 8) | ▲ 1.2% |
| S&P 500 (US) (February 8) | ▲ 0.8% |
Fact of the day
More than 2,250 startups were added in the year 2021, over 600 more than the previous year.
Source: TOI
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