KEY HIGHLIGHTS
US Futures
As of 3:34 p.m., the Dow Jones Industrial Average and S&P 500 future were 0.37% and 0.40% higher, respectively. The Nasdaq Future is up 0.56%.
Stock Market Live: Nifty, Sensex Extend Gains To Third Day As BEL & Power Grid Rise
The Indian equity benchmark indices closed higher three days in a row, as BEL and Power Grid stocks led gains.
The NSE Nifty 50 ended 86.40 points, or 0.37% up at 23,249.50, and the 30-stock BSE Sensex ended 226.85 points, or 0.30% higher at 76,759.81.
The NSE Nifty Bank also closed higher at 49311.95. The index ended 0.30% up at 146.
"The word expiry is always accompanied by volatility; seen in the Index that showed a steady start before trending upwards and oscillating within a defined range for most of the session. However, a sharp decline in the afternoon erased all of its earlier gains. In the final hour of trade, a strong recovery helped the Index close higher at 23,249.50 marking a gain of 86.40 points," according to Aditya Gaggar Director of Progressive Shares.
Among the sectors, Realty and Energy were the top performers, while IT and Media lagged. The Index has broken out of its Falling Wedge formation, suggesting a shift in momentum towards the positive, but the candlestick pattern is not that encouraging. We will wait for further confirmation. For now, the zone of 23,350-23,400 will serve as resistance while support is at 23,065, he added.
Shares of RIL, Bharti, HDFC Bank, ICICI Bank and Bharat Electronics along with others. contributed positively to changes in the Nifty 50.
While those of Tata Motors, Infosys, L&T, Kotak Mahindra Bank and Bajaj Finserve along with others weighed the index.
Seven out of 12 sectors ended in green, with Nifty Realty, Oil & Gas, Energy and Pharma gaining the most.
Nifty Media, IT, Auto, PSU Bank and Metal declined the most.
Broader markets ended on a mixed note. The BSE Midcap ended 0.04% down, and Smallcap ended 0.02% higher.
On BSE, 14 advanced, and seven declined out of 21. The BSE Consumer Durable declined the most, and the BSE Oil & Gas rose the most.
Market breadth was skewed in favour of buyers. Around 2,149 stocks advanced, 1,800 stocks declined, and 125 stocks remained unchanged on BSE.
Rupee Closes Weaker Against US Dollar
Rupee weakened by 7 paise to open at 86.63 against the US Dollar.
It closed at 86.56 on Wednesday.
Source: Bloomberg
Economic Data Releases And Events For Jan 30
Europe: ECB Monetary Policy Outcome — 6:45 p.m.
US: Advance GDP Estimate — 7:00 p.m.
US: Unemployment Claims — 7:00 p.m.
US: Advance GDP Price Index — 7:00 p.m.
Europe: ECB Press Conference — 7:15 p.m.
US: Pending Home Sales — 8:30 p.m.
US: Energy Information Administration Weekly Natural Gas Storage Report — 9:00 p.m.
Market At Close
The NSE Nifty 50 and BSE Sensex rose for third day in a row.
The Nifty 50 and Sensex ended 0.37% and 0.30% higher, respectively.
The NSE Nifty Realty rose the most, while the NSE Nifty Media declined the most.
The NSE Nifty Midcap 150 ended 0.17% higher.
The NSE Nifty Smallcap 250 ended 0.18% down.
Stock Market Live Update: Coromandel International Share price Rises As Net Profit Increases
Coromandel International Ltd. share price rose after its net profit increased two folds during third quarter. It recorded a 121.65% year on year growth in its net profit.
Star Cement Q3 Highlights (Cons, YoY)
Revenue up 10.4% to Rs 719 crore versus Rs 651 crore.
Net Profit falls 88% to Rs 9.1 crore versus Rs 73.5 crore.
Ebitda down 30% to Rs 104 crore versus Rs 149 crore.
Margin at 14.5% versus 22.9%.
Stock Market Live Updates: Subros Share Price Extends Gains Post Q3 Results
Subros Q3 Highlights (Cons, YoY)
Revenue up 12.1% to Rs 821 crore versus Rs 732 crore.
Net Profit rises 22.6% to Rs 32.9 crore versus Rs 26.9 crore.
Ebitda up 27.6% to Rs 75.8 crore versus Rs 59.4 crore.
Margin at 9.2% versus 8.1%.
Stock Market Today: Max Healthcare Share Price Shoots Up As Top Line Rises
Max Healthcare Q3 Highlights (Cons, YoY)
Revenue up 40% to Rs 1,868 crore versus Rs 1,335 crore.
Net Profit falls 17.5% to Rs 239 crore versus Rs 289 crore.
Ebitda up 29.3% to Rs 499 crore versus Rs 386 crore.
Margin at 26.7% versus 28.9%.
Stock Market Today: GAIL Share Price Jumps As Net Profit Rises
GAIL Q3 Highlights (QoQ)
Revenue up 6.2% to Rs 34,937.05 crore versus Rs 32,911.73 crore.
Net Profit up 45% to Rs 3,867.38 crore versus Rs 2,671.93 crore.
Ebitda down 24% to Rs 2,837.78 crore versus Rs 3,744.95 crore.
Margin at 8.1% versus 11.4%
Stock Market Live Updates: Aditya Vision Share Price Plummets Despite Strong Earnings
Aditya Vision Q3 Highlights (YoY)
Net profit up 9.2% to Rs 24.2 crore versus Rs 22.2 crore.
Revenue up 23% to Rs 508 crore versus Rs 413 crore.
Ebitda up 7.1% to Rs 46.6 crore versus Rs 43.5 crore.
Margin at 9.2% versus 10.5%.
For faster earnings update click here.
Stock Market Live Updates: Dr Lal Path Labs Share Price Rises Following A Rise In Net Profit
Dr. Lal Path Labs Q3 Highlights (Cons, YoY)
Revenue up 18.9% to Rs 96.7 crore versus Rs 81.3 crore.
Net Profit rises 10.7% to Rs 597 crore versus Rs 539 crore.
Ebitda up 9.5% to Rs 154 crore versus Rs 141 crore.
Margin at 25.8% versus 26.1%.
Stock Market Live Updates: Bharti Airtel Share Price Extends Gains As Africa Unit's Profitability Rises
Airtel Africa Q3 Highlights (QoQ)
Revenue up 4.4% to $1268 million versus $1214 million.
EBITDA up 5.2% to $589 million versus $560 million.
EBITDA Margin at 46.5% versus 46.1%
Net profit down 37% to $75 million versus $110 million.
Blended ARPU was up 1% at $2.2.
Stock Market Live Updates: Raymond Lifestyle Share Price Plummets As Net Profit Falls
Raymond Lifestyle Q3 Highlights (Cons, YoY)
Revenue up 36.6% to Rs 1,754 crore versus Rs 1,726 crore.
Net Profit falls 60.5% to Rs 64.2 crore versus Rs 162 crore.
Ebitda falls 36.6% to Rs 180 crore versus Rs 283 crore.
Margin at 10.2% versus 16.4%.
Six Stocks in the News at Noon: Tata Motors, Bajaj Finance, Hitachi Energy, And More
Several stocks are making headlines in trade on Thursday amid the ongoing earnings season. From Tata Motors' disappointing results to a stellar performance by Hitachi Energy, here are six notable stocks that are in the news at noon. To access the article click here.
Bajaj Finserv Q3 Highlight (Cons, YoY)
Total income rose 10% to Rs 32,042 crore versus Rs 29,038 crore.
Net profit rose 3.4% to Rs 2,231 crore versus Rs 2,158 crore.
S Sreenivasan to step down as CFO but continue as President of Insurance & Special Projects.
Board approves appointment of Ramandeep Singh Sahni as CFO effective Feb. 1.
Gross written premium was up 5% at Rs 12,987 crore versus Rs 12,415.
Stock Market Today: Mahindra Holidays Expands In Uttarakhand
Mahindra Holidays has expanded its footprint in Uttarakhand with the launch of Club Mahindra Patkote, Jim Corbett, as per an exchange filing.
Stock Market Today: LTIMindtree Partners With FLS Mining
LTIMindtree has partnered with FLS Mining for the strategic transformation of application maintenance services, aiming to enable seamless support for enhanced application maintenance and development services at FLS, according to an exchange filing.
Stock Market Live: Dodla Dairy Share Price Rise After Net Profit Rises
Dodla Dairy Q3 Highlights (Cons, YoY)
Revenue up 20.7% to Rs 901 crore versus Rs 747 crore.
Net Profit rose 53.8% to Rs 63.5 crore versus Rs 41.3 crore.
Ebitda up 15.8% to Rs 95.8 crore versus Rs 82.7 crore.
Margin at 10.6% versus 11.1%.
Dodla Dairy's board has approved a capital expenditure of Rs 280 crore for setting up a new plant in Maharashtra, according to an exchange filing.
Maruti Suzuki Q3 Results: Small-Car Revival Props Up Profit, Revenue
Maruti Suzuki India Ltd. clocked growth in the fiscal third quarter that met analyst estimates, as a revival in small car sales and exports propped up the numbers.
Read the full article here.
Stock Market Live Updates: Jain Irrigation System Q3 Earnings Key Highlights (Consolidated, YoY)
Net Profit down 90% at Rs 95 lakh compared to Rs 9.8 crore
Revenue rose 0.2% to Rs 1,361 crore versus Rs 1,358 crore
Ebitda rose 2.6% to Rs 176 crore versus Rs 171 crore
Margin at 12.9% versus 12.6%
For faster earnings update click here.
Stock Market Live Updates: Info Edge To Consider Stock Split
Info Edge (India) Ltd.'s board will consider a stock split on February 5, according to an exchange filing.
Stock Market Live Update: Bajaj Healthcare In Focus
Receives DCGI approval to manufacture Pimavanserin in India
Company will also manufacture Pimavanserin for other Indian Pharma Cos
Pimavanserin is an atypical antipsychotic drug
Pimavanserin is used for the treatment of hallucinations and delusions associated with Parkinson's disease psychosis
Pimavanserin, marketed globally as Nuplazid
Alert
Acadia Pharmaceuticals
Nuplazid, along with its other brand Daybue , is projected to generate more than $1 billion in net sales in 2025
Stock Market Live Update: L&T Gets Order Worth In Range Of Rs 1,000–2,000
Larsen & Toubro Ltd. has secured an order in the range of ₹1,000-2,000 crore for the development of freight handling facilities in the Middle East, as per an exchange filing.
Stock Market Live Updates: JBM Auto Shares Gain 8% As Net Profit Rises
JBM Auto share price rose in Thursday's session as it posted an increase in its net profit during third quarter.
Tata Motors To See Longest Losing Streak In A Decade
Stock Market Update: Natco Pharma Gets Approval For A Drug Used In Treating Tuberous Sclerosis
Natco Pharma has received approval for the ANDA of Everolimus tablets for oral suspension, a medication used to treat Tuberous Sclerosis Complex, according to an exchange filing.
Whirlpool Shares Locked In Lower Circuit Near 10-Month On Parent's Stake Sale Plans
Whirlpool of India Ltd. saw its share price fall to a nearly 10-month low on Thursday after parent Whirlpool Corp. revealed stake sale plans. The appliance maker's share price was locked in 20% lower circuit in early trade on Thursday.
KPI Green Stock Hits 5% Upper Circuit
KPI Green Energy Ltd. share price hit the 5% upper circuit during early trade on Thursday after the company secured a deal worth Rs 1,311.4 crore from Coal India Ltd. The stock traded at Rs 349.85.
Stock Market Live Update: Citi Research On Star Health And Allied Insurance
Upgrade to Buy from Sell
Target price hiked from Rs 490 to Rs 525, which implied a 20% upside.
Sell premised around increased backbook and elevated medical inflation along with weakening new business
Post that ramped up agency, diversifying distribution engine and hiking prices on multiple products
Better visibility on incremental claims trends
Profitability improvement trajectory will be gradual
Sweet entry point will reward the patient investor
Rollover to Dec‘26E. and hike TP
Stock Market Live: KPI Green Energy Signs Contract Worth Rs 1,311 Crore With Coal India
KPI Green Energy Ltd. has signed a contract worth Rs 1,311 crore with Coal India for the development of a 300 megawatt Solar PV plant in Gujarat, as per an exchange filing
Nifty, Sensex Open Flat; Bajaj Finance, Airtel Contribute Most: Opening Bell
The NSE Nifty 50 and BSE Sensex opened flat on Thursday. Bajaj Finance Ltd., and Bharti Airtel Ltd. contributed the most to the benchmark Nifty 50.
As of 9:17 a.m., the Nifty 50 was 3.40 points or 0.02% down at 23,159.70, and the Sensex was trading flat at 76,529.60.
"Nifty 50 is expected to trade between 21,800-23,700, with resistance at 24,000. Suzlon Energy posted strong Q3 results with a 91% profit surge, while KPIT Technologies raised its EBIT margin guidance for FY2025. Stocks to watch include Indian Hotels, DLF, Bajaj Healthcare, and Bajaj Auto for bullish opportunities," said Prashanth Tapse, senior vice president, research.
Bajaj Finance Ltd., Bharti Airtel Ltd., Bajaj Finserve Ltd., Maruti Suzuki India Ltd., and Hindustan Unilever Ltd. added to Nifty 50 index.
Tata Motors Ltd., Infosys Ltd., ICICI Bank Ltd., HDFC Bank Ltd., and Kotak Mahindra Bank Ltd. weighed on the Nifty 50.
On NSE, nine sectors advanced and three declined out of 12. The NSE Nifty Realty rose the most, and the NSE Nifty Auto declined the most.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices were trading 0.13% and 0.17% higher, respectively.
On BSE, 14 sectors advanced, and seven declined out of 21. The BSE Realty rose the most, and the BSE Consumer Durables declined the most.
Market breadth was skewed in favour of buyers. Around 1,939 stocks advanced, 840 stocks declined, and 130 stocks remained unchanged on BSE.
Stock Market Live Update: Bajaj Healthcare Gets DGCI Approval To Make Drug To Treat Hallucinations
Bajaj Healthcare Ltd. has received DCGI approval for the manufacturing of Pimavanserin in India, a drug used to treat hallucinations and delusions associated with Parkinson's Disease Psychosis, according to an exchange filing.
Stock Market Live: Nifty, Sensex Flat At Pre-Open
At pre-open, the NSE Nifty 50 was trading 6.40 points or 0.03% higher at 23,169.50, and the BSE Sensex was trading 0.08% higher at 76,592.19.
Stock Market Live: Rupee Opens Weaker Against US Dollar
Rupee weakened by 3 paise to open at 86.58 against the US Dollar.
It closed at 86.55 on Wednesday.
Source: Bloomberg
Stock Market Today: JPMorgan On India Strategy
Government’s spending power is likely to be limited by lower deficit targets, lower indirect-tax income
With equity markets correcting, capital gains taxes contribution can be expected to slow in the coming year
Fiscal policy expected to tighten, the onus will be more on monetary policy to stem the slowdown
Believe the upcoming budget will continue to prioritize infrastructure and public investment, with some support for consumption
Emphasis will be on key sectors like Railways, Housing (PMAY), Urban Infrastructure, Defence, besides retaining the concessional loans extended to states
Budget speech will be important if it touches upon any pressing economic reforms or policies
Recommend hedging with Nifty collars and buying straddles to prepare for potential near-term volatility into India’s budget
Reiterate Overweight on Financials, Consumer Staples, Healthcare, Real Estate and Industrials
Stock Market Live Update: Emkay Global On US FOMC Meet Outcome's Impact On India
Expect QT to continue through until at least 3Q of this year
Baseline is for the US Federal Reserve to remain on hold for upcoming meetings, before normalizing policy mildly later in the year
Do not rule out no Fed cuts either
Reckon there is somewhat a political angle to this
With Fed’s action largely priced in, there has been easing elsewhere across developed markets
Seeing some key EMs easing or on their way to easing rates
Policy trilemma could tilt more toward letting the INR find its equilibrium to some extent
May provide some policy flexibility to RBI on rate settings in general
Opens up space for a Feb-25 repo cut
Stock Market Live Update: Nuvama On Tata Motors
Retain Reduce with a target price Rs 720 versus Rs 750 earlier
Company lagged estimate due to realisation/margin miss in JLR and the India CV division
JLR revenue guidance cut reduces our FY25E EBITDA by 4%.
Building in a muted revenue and EBITDA CAGR of 2% each over FY25–27E.
Expect muted performance at 1% CAGR in India CV division
Asia Market Update: Japan's Markets Rebound In Holiday Thin Trade
Markets in Japan recovered on Thursday in holiday thin trade. Most markets in the region remained closed for Lunar holiday. Market participants in the region assessed outcome of the US Federal Open Market Committee's policy meet outcome.
The Nikkei 225 was trading 0.19% higher as of 7:45 a.m.
US Market Update: Share Indices Decline Post FOMC Outcome
Share indices on Wall Street ended lower Wednesday. The Federal Open Market Committee kept the benchmark federal fund rate unchanged at 4.25%–4.50%. Most investors assessed the US rate-setting panel's tone as less hawkish.
Losses in technology stocks weighed on the investors sentiment.
On Wednesday, the Dow Jones Industrial Average and S&P 500 ended 0.31% and 0.47% down, respectively. The Nasdaq Composite ended 0.51% down.
GIFT Nifty Near 23,100; Brigade Enterprise, Chalet Hotels, Tata Motors In Focus
The GIFT Nifty was trading near 23,100 in early trade Thursday. Brigade Enterprises Ltd., Chalet Hotels Ltd., and Tata Motors Ltd. share prices may react due to their latest quarter results.
The GIFT Nifty was trading 0.12%, or 27 points, higher at 23,140.50 as of 6:57 a.m.
The Indian equity benchmark indices closed higher for the second day in a row on Wednesday as Shriram Finance Ltd., Bharat Electronics Ltd. and Tata Motors Ltd. led the gains.
The NSE Nifty 50 ended 205.85 points, or 0.90%, up at 23,163.10, and the BSE Sensex ended 631.55 points, or 0.83%, higher at 76,532.96.
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