Unilever shares dropped as investors worried about a potential food business split. This comes soon after the company separated its ice cream brands. Analysts suggest the new CEO needs more time before further restructuring. The food business, including Knorr and Marmite, reported profits last year. Investors have long pushed for a sale of the slow-growing food division.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader