Stock Market Today: Sensex Rallies 1,397 Points As Tariff Fears Ease; Nifty Rises 1.62% To Recoup Two-Day Loss

The shares of Tata Chemicals, Power Grid and Gland Pharma will be in focus on Tuesday.

Stock exchange market concept, stock broker looking at graph working and analyzing with display. (Source: Envato)

Nifty and Sensex pared early gains after China announced retaliatory tariffs on US goods even as a deadline for imposing more tariffs on China passed without a deal. The Nifty 50 was trading 0.43% up at 23,463.80, and the Sensex was up 0.47% at 77,547.40 as of 10:50 a.m.

Stock Market At Closing: Sensex Ends 1,397 Point Lower As Tariff Fears Ease; Nifty Closes Below 23,800

  • Nifty and Sensex snaps two day fall to close higher.

  • Intraday, both Nifty had risen 1.72%, while Sensex rises 1.91%.

  • Nifty ends 1.62% or 378.20 points up at 23,739.25.

  • Sensex ends 1.81% or 1,397.07 points lower at 77,583.81.

  • Broader indices also closed lower. Nifty Midcap 100 ended 1.56% lower; Nifty Smallcap 250 closed 1.14% lower.

  • Most sectoral indices rose with Nifty Oil and Gas falling the most.

  • Shriram Finance, L&T, BEL and Adani Ports were top Nifty gainers.

  • Trent, ITC Hotels, Britannia, Hero Motors fell the most.

Stock Market Live: Budget And Capex: ‘Very Difficult’ To Allocate More In This Fiscal, Says Goldman Sachs

India's fiscal consolidation efforts make it “very difficult” to allocate more funds for capital expenditure in this fiscal, according to Goldman Sachs' India Economist Santanu Sengupta.

Read full story here.

Stock Market Live: V-Mart Retail Shares Today

V-Mart's scrip rose as much as 12.65% to Rs 3,775 apiece on the NSE. However, it pared much of the gains to trade 4.61% higher at Rs 3,510 apiece, as of 2:10 p.m. This compares to a 1.32% advance in the NSE Nifty 50 Index.

Read full story here.

Stock Market Live: Thermax Shares Pare Gains

The share prices of Thermax were trading nearly 3% higher in the final hour of trade on Tuesday. The company reported a 51% decline in net profit to Rs 116 crore.

Stock Market Live: IIFL Finance Issues Clarification

The company clarified that the Income Tax department concluded its search at the company's offices, adding that any material developments will be disclosed.

Source: Exchange Filing

Stock Market Live: Ola Electric Share Price Today

The share prices of Ola Electric rose over 3% on Tuesday after Bhavesh Aggarwal announces investment of Rs 2,000 crore into Krutrim. He further committed Rs 10,000 crore investment next year.

Stock Market Live: RattanIndia Enterprises Share Price Today

The share prices of RattanIndia Enterprises fell nearly 4.45% on Tuesday after it reported a net loss of Rs 170 crore.

Stock Market Live: Asian Paints Share Price Today

The share prices of Asian Paints rose over 5% on Tuesday despite it reported a 25.4% decline in net profit to Rs 1,110 crore.

Stock Market Live: Kajaria Ceramics Share Price Today

The share prices of Kajaria Ceramics fell nearly 2% on Tuesday after it reported a 25.4% decline in net profit to Rs 77.7 crore.

Stock Market Live: Ajmera Realty Share Price Today

The share prices of Ajmera Realty rose nearly 6% on Tuesday after it reported a 11.2% advance in net profit to Rs 33.9 crore.

Stock Market Live: J Kumar Infrastructure Share Price Today

The share prices of J Kumar Infrastructure rose near 6% on Tuesday after it reported a 20.7% advance in net profit at Rs 99.7 crore.

Stock Market Live: Bajaj Electricals Share Price Today

The share prices of Bajaj Electricals rose over 4% on Tuesday after it reported a 10.7% decline in net profit at Rs 33.4 crore.

Stock Market Live: Godrej Properties Share Price Today

The share prices of Godrej Properties rose over 5% on Tuesday after it reported nearly twofold rise in net profit at Rs 163 crore.

Stock Market Live: Mishra Dhatu Nigam Share Price Today

The share prices of Mishra Dhatu rose nearly 5% on Tuesday after it reported nearly twofold rise in net profit at Rs 25.5 crore.

Stock Market Live: Eris Lifesciences Share Price Today

The share prices of Eris Lifesciences fell nearly 6% on Tuesday after it reported a 18.6% decline in profit to Rs 83.6 crore in comparison to Rs 103 crore.

Stock Market Live: Zydus Wellness Share Price Today

The share prices of Zydus Wellness rose on Tuesday after it reported a profit of Rs 6.4 crore in comparison to Rs 30 lakh.

Sensex, Nifty Today: Stock Market Watch 12 PM

  • Indian equities were trading higher with Nifty rising over 0.87% at 23,569.15 and Sensex was trading 701.17 points lower at 77,885.

  • Intraday, both Nifty and Sensex rose over 1%.

  • Nifty rose 1.09% or 255.55 points at 23,616.60.

  • Sensex rose 1.12% or 861.92 points to 78,048.66.

  • Broader indices were also in the green. Nifty Midcap rose 1.01%; Nifty Smallcap was trading 0.49% higher.

  • Most sectoral indices rose, led by Nifty Oil & Gas.

  • Nifty Bank rose 1.33%, Nifty IT was up 0.39%.

  • L&T, Tata Motors and BEL were top Nifty gainers.

  • Trent, ITC Hotels and Titan were top Nifty losers.

Stock Market Live: Hitachi Energy India Expects To Clock High Single-Digit Growth In Order Inflow After Strong Q3

Hitachi Energy India expects its order inflow to grow at a high-single-digit rate quarter over quarter, following a strong performance in Q3, according to the company’s Managing Director and Chief Executive Officer, N. Venu.

Get full story here.

Stock Market Live: Asian Paints, Tata Power, Titan To Report Earnings 

As many as 130 companies are scheduled to declare their financial results for the quarter ended Dec. 31, 2024, on Tuesday. These include Asian Paints, Titan, Tata Power, Godrej Properties and MobiKwik. Other big names announcing their third-quarter earnings on Tuesday include Thermax and Torrent Power Ltd.

Get live updates here.

Stock Market Live: Easy Trip Planners Launches Sale

EaseMyTrip launches swipe right travel sale with unbeatable discounts on flights hotels and more.

Source: Exchange Filing

Stock Market Live: L&T Share Price Today

The shares of L&T rose as much as 3.49% to Rs 3,403.95 apiece. It, however, later pared gains to trade 3.28% higher at Rs 3,396.5095 apiece, as of 11:28 a.m.

Read full story here.

Stock Market Live: ITC Hotels To Be Excluded From BSE Today

  • ITC Hotels will be excluded from the BSE on Tuesday.

  • NSE exclusion date is still awaited

  • ITC Hotels to be excluded from the Sensex in the final 30 minutes of trading

  • According to Nuvama Alternative Research, the outflow is expected to be approximately $48 million

  • The exclusion will only be postponed if the stock hits the lower circuit before 2:00 PM today

Stock Market Live: LS Industries A Zero Revenue Company With Rs 5,500 Crore Market Valuation

Humour this: a company becomes profitable after a long list of loss-making quarters on the back of other income alone. The stock subsequently hits upper circuit two days straight in an apprehensive market. Market cap swells some Rs 260 crore to rise past Rs 5,500 crore since the results.

Read full story here.

Stock Market Live: Nifty, Sensex Pare Early Gains

Nifty and Sensex pared early gains after China announced retaliatory tariffs on US goods even as a deadline for imposing more tariffs on China passed without a deal. 

The Nifty 50 was trading 0.43% up at 23,463.80, and the Sensex was up 0.47% at 77,547.40 as of 10:50 a.m.

Stock Market Live: Crude Extends Fall

Crude extends drop as China is set to impose 10% tariff on US oil. Brent crude is down 0.79% to $75.36.

Stock Market Live: Global Market Check

Shares in the Asia-Pacific region pared gains after China announced retaliatory tariffs on US goods even as a deadline for imposing more tariffs on China passed without a deal. 

Asian stocks gave up early gains after they rebounded in the morning. A gauge of Chinese stocks listed in Hong Kong, which jumped almost 4% earlier, trimmed their advance to 1%, according to Bloomberg. South Korea’s Kospi was up 2%, while Japan’s Nikkei was up 1.14%

Meanwhile, China announced a probe on Google soon and that sent Nasdaq 100 futures lower.

Stock Market Live: China To Impose Tax On Some Products Imported From US

China in a retaliatory move will impose tax on coal, LNG, oil and agriculture machinery and other products imported from the US.

Source: Bloomberg

Stock Market Live: Garden Shipbuilders Share Price Today

The shares of Garden Shipbuilders rose as much as 3.96% to Rs 1,567.70 apiece. It pared gains to trade 1.54% higher at Rs 1,531.15 apiece, as of 09:51 a.m. This compares to a 0.88% advance in the NSE Nifty 50.

Read full story here.

Stock Market Live: ABB Share Price Today

The shares of ABB rose as much as 5.15% to Rs 5,465 apiece, the highest level since Feb. 3. It pared gains to trade 3.85% higher at Rs 5,400 apiece, as of 10:17 a.m. This compares to a 0.71% advance in the NSE Nifty 50 Index.

Stock Market Live: Vedanta Share Price Today

The shares of Vedanta rose as much as 5.05% to Rs 443 apiece, the highest level since Feb. 1. It pared gains to trade 3.66% higher at Rs 437.15 apiece, as of 10:15 a.m. This compares to a 0.64% advance in the NSE Nifty 50 Index.

Stock Market Live: L&T Share Price Today

The shares of L&T rose as much as 2.88% to Rs 3,384 apiece, the highest level since Feb. 3. It pared gains to trade 2.31% higher at Rs 3,365.95 apiece, as of 10:12 a.m. This compares to a 0.81% advance in the NSE Nifty 50 Index.

Stock Market Live: LIC Housing Finance Share Price Today

LIC Housing Finance Ltd.'s share price traded in the green on Tuesday, rising nearly 3%, after brokerages expressed their bullish sentiment on the company.

Read full story here.

Stock Market Live: Inox Wind Share Price Today

The shares of Inox Wind rose as much as 6.61% to Rs 172.50 apiece, the highest level since Feb. 1. It pared gains to trade 4.90% higher at Rs 169.60 apiece, as of 10:06 a.m. This compares to a 0.83% advance in the NSE Nifty 50 Index.

Stock Market Live: Asian Paints Share Price Today

The shares of Asian Paints fell as much as 1.24% to Rs 2,263.75 apiece, the lowest level since Jan. 31 before reporting its third quarter results. It pared losses to trade 0.50% lower at Rs 2279.55 apiece, as of 10:01 a.m. This compares to a 0.87% advance in the NSE Nifty 50 Index.

Stock Market Live: Dr Agarwal's Health Care Shares Debut At 1.2% Discount To Issue Price On BSE

Dr. Agarwal's Health Care Ltd. shares were listed on the BSE at Rs 396.9 per share, a discount of 1.2% to the issue price of Rs 402 apiece. The shares debuted flat on the National Stock Exchange at Rs 402 per share.

Read full story here.

Stock Market Live: Power Grid Shars Price Today

The shares of Power Grid fell as much as 4.12% to Rs 282.75 apiece, the lowest level since April 16 after it reported its third quarter results. It pared losses to trade 0.99% lower at Rs 283.80 apiece, as of 9:57 a.m. This compares to a 0.84% advance in the NSE Nifty 50 Index.

Read full story here.

Stock Market Live: NLC India Share Price Today

The shares of NLC India rose as much as 10.34% to Rs 233.20 apiece, the highest level since Jan. 22 after it reported its third quarter results. It pared gains to trade 9.47% higher at Rs 231.29 apiece, as of 9:51 a.m. This compares to a 0.88% advance in the NSE Nifty 50 Index.

Stock Market Live: Gateway Distriparks Share Price Today

The shares of Gateway Distriparks rose as much as 8.70% to Rs 80.80 apiece, the highest level since Jan. 21 after it reported its third quarter results. It pared gains to trade 2.78% higher at Rs 76.40 apiece, as of 9:47 a.m. This compares to a 0.87% advance in the NSE Nifty 50 Index.

Stock Market Live: Tata Chemical Share Price Today

The shares of Tata Chemicals fell as much as 4.84% to Rs 900.70 apiece, the lowest level since Dec. 26 after it reported its third quarter results. It pared gains to trade 4.73% lower at Rs 902.55 apiece, as of 9:43 a.m. This compares to a 0.88% advance in the NSE Nifty 50 Index.

Stock Market Live: Premier Energies Share Price Today

The shares of Premier Energies rose as much as 9.30% to Rs 1,170 apiece, the highest level since Jan. 22 after it reported its third quarter results. It pared gains to trade 2.25% higher at Rs 1,093.20 apiece, as of 9:40 a.m. This compares to a 0.85% advance in the NSE Nifty 50 Index.

Read full story here.

Stock Market Live: Castrol India Share Price Today

The shares of Castrol India rose as much as 9.76% to 193.69 apiece, the highest level since Jan. 10 after it reported its third quarter results. It pared gains to trade 8.45% higher at Rs 191.26 apiece, as of 9:39 a.m. This compares to a 0.83% advance in the NSE Nifty 50 Index.

Read full story here.

Stock Market Live: Most Sectors Advance During Open

On NSE, eleven sectors advanced and one declined out of 12. The Nifty FMCG was the worst performing sector during open, while the NSE Nifty Metal was the best performing sector.

Stock Market Live: Infosys, ICICI Bank Lead; Power Grid, ITC Decline

Power Grid Corporation Ltd., ITC Ltd., Hindustan Unilever Ltd. and Asian Paints Ltd., weighed on the Nifty 50 index.

Infosys Ltd., ICICI Bank Ltd., Mahindra and Mahindra Ltd. and L&T Ltd. added to the Nifty 50 index.

Stock Market Live: Nifty, Sensex Snap Two Day Decline

The NSE Nifty 50 and BSE Sensex snap two day fall on Tuesday. The Nifty 50 was opened 0.64% up at 23,509.90, and the Sensex was up 0.65% at 77,687.60.

Stock Market Live Update: Nifty, Sensex Trade Higher Pre-Open

At pre-open, the NSE Nifty 50 was trading 148.85 points or 0.64% higher at 23,509.90. The BSE Sensex was 532.26 points or 0.69% higher at 77,719.

Yield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.67%.

  • It closed at 6.67% on Monday.

Source: Bloomberg

Rupee Vs Dollar Today: Indian Currency Opens Stronger Against US Dollar

Rupee opened 16 paise higher at 87.03 against the US Dollar. It closed at 87.19 on Tuesday.

Source: Bloomberg

The dollar index is 0.25% higher at 108.69. Brent crude is down 0.51% to $75.57.

Metal Sector: What Brokerages Say

  • JPMorgan

  • Indian Metals and Mining stocks could trade choppy in the near term due to ongoing uncertainty around tariffs.

  • Budget kept basic customs duty on steel unchanged and lacked mention.

  • Industry anticipates a decision by Feb end on safeguard duties.

  • Capex growth underwhelming and lower than long term CAGR.

  • Believe 7% year-on-year steel consumption growth in financial year 2026-27 is a more realistic estimate now.

  • Could be positive implications of income tax exemptions on other steel consuming sectors like automobiles.

  • US tariffs on Canada, Mexico and China could drive near-term bearish pressure on LME base metal prices.

  • Believe the sharp appreciation of USD against INR could cushion a part of the impact.

  • JSW Steel is our preferred pick within the overall space.

ONGC: What Brokerages Say

Jefferies

  • Maintain 'Buy' with a target price of Rs 375.

  • Highlighted the strong production growth outlook over financial year 2025-28 from fields under development.

  • Its partnership with BP to revive production from its largest field.

  • SAED is unlikely to be reimposed if crude stays below $ 100.

  • Potential production recovery in Mumbai High poses upside risk to estimates.

Tata Chemical: What Brokerages Say

Morgan Stanley

  • Maintain 'Underweight' with a target price of Rs 879

  • It's still tough.

  • Unit Ebitda across regions reflected weak pricing and higher opex.

  • Basic Chemistry EBITDA/t fell 20% quarter-on-quarter.

  • Expects to further raise volumes, sees limited pricing respite.

  • Sees increased supplies from Turkey, the US and start-up of China exports.

Gland Pharma:  What Brokerages Say

Jefferies

  • Maintain 'Underperform' rating but cut target price to Rs 1,350 from Rs 1,630.

  • Delivered another disappointing quarter with weak revenue growth in the base business.

  • Further drag from acquired Cenexi business.

  • Management expects base business to recover in fourth quarter.

  • Cenexi breakeven timelines have been pushed out by a year.

  • Execution remains weak and stock lacks near term catalysts

  • Lower FY25-27 EPS by 1-4%, building a slower Cenexi recovery.

Adani Ports: What Brokerages Say

Goldman Sachs

  • Maintain 'Buy' with target price of Rs 1,560.

  • Third quarter results were better than expectations.

  • Market share gains have also continued.

  • Logistics business continues to see healthy growth.

  • Recent correction has made risk-reward much more attractive.

Nifty Today: What F&O Cues Indicate

  • Nifty February futures down by 0.49% to 23,440 at a premium of 82.95 points.

  • Nifty February futures open interest down by 0.51%.

  • Nifty Options Feb. 6 Expiry: Maximum call open interest at 23,500 and maximum put open interest at 22,000.

  • Securities in ban period: Nil.

Dollar Check

  • The US Dollar index is up 0.23% at 108.66.

  • Euro was up 0.23% at 0.9690.

  • Pound was up 0.24% at 0.8051.

  • Yen was up 0.29% at 155.20.

Stock Market News Live: Global Check

Stocks in the Asia-Pacific region advanced after Monday's global rout as US President Donald Trump shelved his tariff plans by one month, easing the global trade war tensions.

Japan's Nikkei was up 580 points, or 1.52% at 39,105, while South Korea's Kospi rose 1.8%, or 46 points to 2,498 as of 7:15 a.m. Future contracts in Hong Kong and US hinted at a negative start for the stocks.

The dollar index — which tracks the greenback's performance against a basket of 10 leading global currencies — was 0.23% down at 108.73. Crude oil prices fell on the delay of a trade war.

Stocks on Wall Street declined on a potential trade war impact if the tariff measures were implemented. The S&P 500 and the tech-heavy Nasdaq Composite fell 0.76% and 0.28%, respectively. The Dow Jones Industrial Average slipped 1.20%.

Stock Market News Live: GIFT Nifty Trades Above 23,500 After Trump Delays Tariff On Mexico And Canada

The GIFT Nifty was trading above 23,500 early Tuesday. The futures contract based on the benchmark Nifty 50 rose 0.12% at 23,547 as of 6:45 a.m. indicating a positive start for the Indian markets after US president Donald Trump delayed tariffs on Canada and Mexico.

The NSE Nifty 50 and BSE Sensex settled in losses on Monday as risk-off sentiment drove money out of the domestic markets on fears of potential trade wars in the wake of tariff impositions by the US.

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WRITTEN BY
Pratiksha Thayil
Pratiksha covers markets and business news at NDTV Profit. She has a keen i... more
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