KEY HIGHLIGHTS
US Futures Decline Before Data Releases
As of 3:27 p.m., the Dow Jones Industrial Average and S&P futures were trading 0.33% and 0.65% down, respectively. The Nasdaq 100 future was trading 1.03% down.
Economic Data Releases And Events For Feb 5
US: Federal Reserve Bank of Richmond President Thomas Barkin will speak to Bloomberg TV — 6:00 p.m.
US: ADP Non-farm payroll data — 6:45 p.m.
US: Trade Balance — 7:00 p.m.
US: FOMC Member Barkin will speak at an event hosted by The Conference Board, in New York — 7:30 p.m.
US: Final Services PMI — 8:15 p.m.
US: ISM Services PMI — 8:30 p.m.
US: Energy Information Administration Crude Oil Inventories data — 9:00 p.m.
Rupee Ends At Record Closing Low Against US Dollar
Rupee ends 38 paise lower at a record closing low of 87.46 against the US Dollar. It closed at 87.08 on Tuesday, according to data on Bloomberg.
Market At Close
The NSE Nifty 50 resumed its losses after one-day rise.
The NSE Nifty 50 and BSE Sensex ended 0.18% and 0.40% down, respectively.
ITC Hotels Ltd., Hindalco Industries Ltd. were top gainer.
Asian Paints Ltd., and Titan Co Ltd. were top loser.
The NSE Nifty Midcap 150 ended 0.74% higher at 19,995.70
The NSE Nifty Smallcap 250 ended 1.57% higher at 16,104.40
Stock Market Live Updates: Patanjali Foods Partners With IBSFINtech
Patanjali Foods has partnered with IBSFINtech to implement treasury management solutions, as disclosed in the company's exchange filing.
Stock Market Today: Nilkamal Share Price Slumps After Q3 Net Profit Falls
Nilkamal Ltd. share price extended losses after its consolidated net profit slumped 26.6% on the year to Rs 21.5 crore from Rs 29.3 crore.
Stock Market Live Update: Info Edge Approves Merger With Its Units
Info Edge's board of directors has approved a scheme of amalgamation amongst its arms, including Axilly Labs, Diphda Internet Services, and Zwayam Digital, as disclosed in the company's exchange filing. The amalgamation aims to consolidate and streamline the company's operations.
European Market Update: Most Share Indices Fall As Traders Await Earnings Reports
Most share indices declined in the eurozone as market participants await earning reports from Handelsbanken, Total Energies, Akzo Nobel, Credit Agricole, Novo Nordisk.
The Euro Stoxx 50 and CAC 40 were trading 0.17% and 0.14% down, respectively. Bucking the trend, IBEX 35 was trading 1.10% higher.
Stock Market Live: Nifty, Sensex Erase Gains
The benchmark indices Nifty and Sensex gave up intraday gains by 1:40 a.m. The Nifty was flat at 23,730 level, while the Sensex was down 0.24% near 78,400.
Asian Paints, Titan, Nestle India and ITC were the top losers on the Nifty.
Abbott India Share Price Live: Stock Up After Q3 Result
Abbott India share price rose nearly 4% to Rs 27,165 apiece soon after third quarter results.
Stock Market Live: Abbott India Net Profit Rises 16%
Abbott India Q3 Highlights (YoY)
Revenue up 12.3% at Rs 1,614 crore versus Rs 1,437 crore.
Ebitda up 12.5% at Rs 436 crore versus Rs 388 crore.
Margin flat at 27%.
Net profit up 16% at Rs 361 crore versus Rs 311 crore.
Stock Market Live: Bosch Gets Tax Demand
Bosch received a tax demand of Rs 19 crore from Haryana Tax Authority excess for credit availed for the period 2017-18.
Source: Exchange Filing
Stock Market Live: Mrs Bectors Food Reports Flat Net Profit
Mrs Bectors Food Q3 Highlights (YoY, Consolidated)
Revenue up 14.8% to Rs 492 crore versus Rs 429 crore.
Ebitda flat at Rs 61.4 crore.
Ebitda margin at 12.5% versus 14.2%.
Net profit flat at Rs 34.6 crore.
Nifty Live: Arvind Fashions Share Price Jumps
Shares of Arvind Fashions jumped 2.6% to Rs 495.5 apiece after its third quarter results.
Stock Market Live: Arvind Fashions Profit Slumps 47%
Arvind Fashions Q3 Highlights (Consolidated, YoY)
Net profit down 47.8% at Rs 26.7 crore versus Rs 51.1 crore.
Revenue up 6.9% at Rs 1,203 crore versus Rs 1,125 crore.
Ebitda up 15.7% at Rs 166 crore versus Rs 143 crore.
Margin at 13.8% versus 12.7%.
Stock Market Live Updates: Symphony Share Price Slumps As Company Incur Losses
Symphony Ltd. share price declined after it reported Rs 10 crore loss compared to Rs 56 crore profit in the corresponding period of previous financial year.
For faster update on earnings click here.
Angel One Rally Explained: A Silver Lining Amid Declining Metrics Sends Shares Higher
Shares of Angel One opened 5% higher and was trading 7% in the green on Wednesday, at the time of publishing, after the stockbroking firm released its monthly business updates for January, 2025, despite highlighting declining trends in some of its key operational metrics.
Stock Market Live: Zydus Life Share Price Rises As Q3 Net Profit Increases Nearly 30%
Zydus Lifesciences Ltd. share price rose after it reported a 29.6% on the year increase in its consolidated net profit during October – December.
Stock Market Live: Aurobindo Pharma Gets GST Demand Worth Rs 155 Crore
Aurobindo Pharma has received a GST demand notice worth ₹155 crore, including interest and penalty, from the Hyderabad GST Authority, as disclosed in the company's exchange filing.
Stock Market Today: Swiggy Treads With Caution As Profit Pressures Likely To Persist On Rivalry
Shares of India's food delivery platform Swiggy Ltd. tumbled on Wednesday ahead of its third-quarter results as losses are likely to persist amid fierce competition.
Read the full article.
Stock Market Live: HDFC Life Insurance To Raise Rs 1,000 Crore Through NCDs
HDFC Life Insurance Co.'s board of directors has approved raising up to Rs 1,000 crore through the issuance of non-convertible debentures as disclosed in the company's exchange filing.
Stock Market Today: Yes Bank's Unit Allots 2.5 Crore Shares
Yes Securities, a subsidiary of Yes Bank, has allotted 2.5 crore shares worth ₹149 crore to the bank through a rights issue, as disclosed in the exchange filing.
Stock Market Live Updates: Info Edge To Do Stock Split In 1:5 Ratio
Info Edge's board of directors has approved a stock split in the ratio of 1:5, as disclosed in the company's exchange filing.
Stock Market Live Updates: JSW Energy To Set Up 1,600-Megawatt Thermal Power Plant
JSW Energy Ltd. has received a Letter of Award from the West Bengal government for setting up a 1,600 MW thermal power plant, as disclosed in the company's exchange filing.
Stock Market Live Update: Seamec In Agreement With Safeen AI Behar
Seamec Ltd. has entered into an agreement with Safeen Al Behar for the charter hire of its vessel 'SEAMEC SWORDFISH' for 730 days at a total value of $57.4 million.
Stock Market Live Updates: L&T Finance Gets GST Penalty Demand Order Worth Rs 112 Crore
L&T Finance has received a penalty demand order worth Rs 112 crore from the Palghar GST Authority, according to its exchange filing, according to an exchange filing.
Stock Market Live: Godrej Properties Shares React As Jefferies Lowers Target Price
Godrej Properties Ltd. share price was up over 5%, with Jefferies maintaining its 'buy' call on the stock, but cutting its target price for the company, citing mixed performance in the third quarter of FY25. Despite strong overall performance, certain metrics fell short of expectations, prompting the brokerage to adjust its outlook.
Stock Market Live Updates: Apollo Micro System Share Price Jumps Over 7%
Apollo Micro Systems Ltd. share price jumped over 7% on Wednesday as the company reported a surge in its net profit during October – December period. Its consolidated net profit rose 83.5% on the year to Rs 18.3 crore from Rs 10 crore.
Stock Market Live Update: Titan Share Price Off Highs
Titan Co. share price was trading off highs. The company's third-quarter earnings have led analysts to retain their bullish ratings on the stock.
Stock Market Live Updates Today: Nifty, Sensex Open Higher As HDFC Bank & ICICI Bank Contribute Most
The NSE Nifty 50 and BSE Sensex opened higher on Wednesday as HDFC Bank Ltd. and ICICI Bank Ltd. contributed the most. As of 9:18 a.m., the Nifty 50 was 35.15 points or 0.15% higher at 23,774.40, and the Sensex was trading flat at 78,587.30.
"The Nifty 50 has broken on the higher side with strong up move near to 23,800 levels and now the round number of 24,000 will act as strong resistance from current levels. The hourly average would move higher to 23,480 which should be a good retracement levels after a sharp up move followed by the 20-day average at 23250 levels. f RSI has crossed the average line with sharp momentum and other key technical indicators are in line with the index up move. Highest call OI has moved higher to 24,000 strikes while the downside the highest put is at 23,500 for the weekly expiry," said Vikas Jain, head, research at Reliance Securities.
HDFC Bank Ltd., Infosys Ltd., Oil and Natural Gas Corp Ltd., Tata Consultancy Services Ltd., and Bharat Petroleum Corp Ltd. added to the Nifty 50 index.
Asian Paints Ltd., Reliance Industries Ltd., Larsen & Toubro Ltd., Titan Co. Ltd., and Nestle India Ltd. weighed on the Nifty 50 index.
On NSE, nine sectors advanced, three declined out of 12. The NSE Nifty FMC declined the most, and the NSE Nifty Oil & Gas rose the most.
The BSE Midcap and Smallcap indices were trading 0.59% and 0.80% higher, respectively.
On BSE, 17 sectors advanced and four declined out of 21. The BSE Oil & Gas rose the most, while the BSE FMCG declined the most.
Market breadth was skewed in favour of buyers. Around 2,146 stocks advanced, 693 stocks declined, and 122 stocks remained unchanged on BSE.
Stock Market Live Updates Today: Nifty, Sensex Trade Higher At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.27% higher at 23,801.75, and the BSE Sensex was 0.15% higher at 78,704.60.
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.66%. It closed at 6.67% on Tuesday, according to data on Bloomberg.
Rupee Opens Weaker Against US Dollar
Rupee weakened by 4 paise to open at 87.12 against the US Dollar. It closed at 87.08 on Tuesday, according to data on Bloomberg.
Stock Market Live Updates: Titan Concall Highlights
Gold is growing at the same rate as studded is growing
Gold coins growth has gone up
Dilution in margins could take place in studded due to unprecedented rise in gold prices
Jewellery EBIT margins to be in the guided range of 11-11.5%
Stock Market Today: Bombay High Court Orders CBI Investigation Into Complaints Against Jai Corp
The Bombay High Court has ordered a CBI investigation into complaints filed against Jai Corp, its arm, and chairman, as disclosed in the company's exchange filing
Stock Market Live Update: Gold Hits Record High Of Rs 83,800
Gold price in India stood at Rs 83,890 per 10 grams as of 7:45 a.m. on Feb. 4, according to the India Bullion Association. The prices saw more than Rs 500 increase compared to Tuesday, marking a new record high.
Stock Market Today: Poonawalla Fincorp Partners With ServiceNow
Poonawalla Fincorp Ltd. has partnered with ServiceNow to leverage Generative AI-powered solutions for enhancing its audit and governance capabilities, according to an exchange filing.
Stock Market Live Updates: JTL Industries Secures Orders Worth Rs 24 Crore
JTL Industries has secured an order worth Rs 24 crore from the Jammu and Kashmir government to supply 3,000 metric tons of pipes, according to an exchange filing.
Stock Market Live: Angel One January Business Update (YoY)
Number of orders down 24.3% At 126 Million Vs 166 Million
Gross client acquisition down 36% At 6.6 lakh Vs 10.3 lakh
January client base rose 47.5% At 30.1 million Vs 20.4 million
January average client funding book rose 86.7% At Rs 4,199 crore Vs Rs 2,249 crore
Source: Exchange Filing
Oil Update: Crude Oil Prices Continues To Decline On Bleak Demand Outlook
Crude oil prices extended decline to a second day as demand outlook remained bleak. Traders fear that global growth will be hurt because of an imminent war between the world's largest economies.
Further, data from the American Petroleum Institute reported that US crude oil inventories rose, weighing on the prices.
The March future contract of brent crude was trading 0.39% down at $75.90 a barrel as of 8:16 a.m., according to data on Bloomberg terminal.
Asia Market Update: Markets In China Log Losses After Re-Open On Trade War Concerns
Markets in China were trading in losses after it opened following a one-week holiday. Market participants assess the potential impact of tariff on the country. The CSI 300 was trading 0.17% down. The Hang Seng was 0.18% down.
The Nikkei 225 was 0.18% down. However, markets in Australia, South Korea were trading in green.
Markets in China was closed for lunar holidays.
US Market Update: Stock-Gauges End Higher As Tariff Pause Provided Temporary Relief
Share indices in the US ended Tuesday with gains as due to a one-month pause in the tariff imposition in Canada, and Mexico provided a temporary relief to market participants.
On Tuesday, the Dow Jones Industrial Average and S&P 500 ended 0.30% and 0.72% higher, respectively. The Nasdaq Composite ended 1.35% higher.
Stock Market Live News: GIFT Nifty Trades Below 23,900
Asian stocks opened higher tracking overnight Wall Street gains as traders await the implications of the renewed US-China trade war. The tariffs on Canada and Mexico were however put on hold.
All eyes will be on the opening of China's stock market after a long break as the country imposed retaliatory tariffs almost immediately after US tariffs came into force. China will also investigate Google for alleged antitrust violations.
The GIFT Nifty, an early indicator of the Nifty 50’s performance in India, was down 17.5 or 0.07% at 23,846 as of 7:10 a.m.
Japan's Nikkei was up 126 points, or 0.32% at 38,916 while South Korea's Kospi rose 1.17%, or 20 points to 2,510 as of 6:38 a.m. Future contracts in China hinted at a negative start for the stocks while Hong Kong looks poised for gains.
The dollar index — which tracks the greenback's performance against a basket of 10 leading global currencies — was 0.01% down at 107.94. China Caixin services PMI data will be in focus on Wednesday while India gears up for its interest rate decision later this week.
Meanwhile, buying on dips in the US stocks sent Wall Street higher with the heavyweight leading the gains. The S&P 500 and the tech-heavy Nasdaq Composite rose 0.72% and 1.35%, respectively. The Dow Jones Industrial Average advanced 0.30%.
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