Indian markets remain cautious as key stocks report quarterly results. Nifty holds support at 23,250–23,400 while facing resistance near 23,800–24,000. Several major companies announced fourth quarter earnings today. Lenskart reported a 9% decline in net profit to Rs 200 crore despite 46% revenue growth. Ola Electric narrowed losses significantly to Rs 500 crore from Rs 870 crore year-on-year, demonstrating improved cost management. IndusInd Bank received positive news as Moody's affirmed ratings and upgraded outlook to stable from negative, citing stabilized leadership and improved liquidity. Dr Reddy's launched an oral semaglutide biosimilar for diabetes treatment. Rotational buying in heavyweight stocks is limiting downside pressure as investors navigate mixed market signals and earnings season developments.
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