Stock Market Today: Nifty, Sensex Extend Losses To Second Day As Trent, Airtel Share Prices Drag

The Nifty 50 and Sensex ended 0.29% and 0.27% down, respectively.

The NSE Nifty 50 and BSE Sensex opened higher on Thursday. The Nifty 50 opened 0.28% up at 23,761.95, and the Sensex was up 0.31% at 78,513.36. (Photo source: Pixabay)

The GIFT Nifty was trading near 23,800 early Thursday. The futures contract based on the benchmark Nifty 50 rose 0.02% at 23,804.50 as of 7:00 a.m., indicating a flat start for the Indian market ahead of RBI MPC meet outcome and weekly options expiry of Nifty 50 contracts.

KEY HIGHLIGHTS

LIVE FEED

US Futures Rise 

As 3:24 p.m., the Dow Jones Industrial Average and S&P 500 futures were trading 0.20% and 0.22% higher, respectively. The Nasdaq 100 future was trading 0.19% higher.

Rupee Ends At Record Closing Low Against US Dollar

  • Rupee closed 12 paise lower at a record closing low of 87.58 against the dollar.

  • Rupee fell as low as 87.59 during the day.

  • It closed at 87.46 on Wednesday.

Source: Bloomberg

Market At Close 

  • The NSE Nifty 50 and BSE Sensex extended losses to second day.

  • The Nifty 50 and Sensex ended 0.29% and 0.27% down, respectively.

  • The NSE Nifty Realty declined the most, while the NSE Nifty Pharma rose the most.

  • The NSE Nifty Midcap 150 ended 1.01% down.

  • The NSE Nifty Smallcap 250 ended 0.04% down.

Stock Market Live Updates: REC Share Price Pare Losses As Net Profit Rises 

REC Q3 Highlights (Standalone, YoY)

  • Total income up 18.7% at Rs 14,172.71 crore versus Rs 11,944.04 crore.

  • Net profit up 23% at Rs 4,029 crore versus Rs 3,269 crore.

Stock Market Live Update: Minda Corp Share price Erases Losses After Net Profit Rises 

Minda Corp Q3FY25 (Consolidated YoY)

  • Revenue up 7.4% at Rs 1,253 crore versus Rs 1,166 crore.

  • Net Profit up 23.5% at Rs 65 crore versus Rs 52.5 crore.

  • EBITDA up 10.5% at Rs 144 crore versus Rs 130 crore.

  • Margin at 11.5% versus 11.1%.

Stock Market Today: SBI Share Price Extends Losses 

SBI Q3 Highlights

  • Net profit up 84% to Rs 16,891.4 crore versus Rs 9,163.9 crore (YoY).

  • Net interest income up 4% to Rs 41,445.5 crore versus Rs 39,815.7 crore (YoY).

  • Gross NPA at 2.07% versus 2.13% (QoQ).

  • Net NPA at 0.52% versus 0.53% (QoQ).

Stock Market Today: Unichem Labs Share Price Pare Gains As Net Profit Falls

Unichem Labs Q3 Highlights (Consolidated, YoY):

  • Revenue up 14.5% at Rs 533 crore versus Rs 466 crore.

  • Ebitda at Rs 85.5 crore versus Rs 31.1 crore.

  • Ebitda margin at 16% versus 6.7%.

  • Net profit down 21% at Rs 57.9 crore versus Rs 73.2 crore.

Stock Market Today: MS On Trent 

  • Maintain Overweight with TP of Rs 8032

  • Third: Slight top-line miss; Ebitda beat

  • The slight top-line miss was led by slightly weak fashion top-line at 37% YoY

  • Impact to next 12-month EPS - Modest revision lower

Stock Market Today: Chambal Fertilisers Fall Sharply Post Q3 Results 

Chambal Fertilisers share price fell sharply after despite reporting strong results.

Stock Market Live Updates: NMDC Share Price Erases Gains After Reporting Rise In Net Profit 

NMDC Ltd share price erased gains briefly after reporting an increase in net profit. It reported that its consolidated net profit rose 29% on the year to Rs 1,897 crore from Rs 1,470 crore during third quarter.

Stock Market Live Update: Trent Share Price Jumped After Q3 Net Profit Increases

Trent Ltd. share price jumped after the company reported 36.6% on the year growth in its consolidated net profit.

For faster updates on third quarte results click here.

Stock Market Live Updates: MRF Share Price Plummets As Net Profit Decreases 40% 

MRF Q3 Highlights (Standalone, YoY):

  • Revenue up 13.8% to Rs 6,883 crore versus Rs 6,047 crore.

  • Ebitda down 23% to Rs 802 crore versus Rs 1,038 crore.

  • Ebitda margin at 11.7% versus 17.2%.

  • Net profit down 40% to Rs 306 crore versus Rs 508 crore.

Stock Market Live Update: Voltas Share Price Hits Day's Low As Qatar Court Rejects Compensation Claims 

Voltas Ltd. share price declined 2.55% to day's low of Rs 1,359.00 apiece as Qatar court has rejected a compensation claim worth Rs 1,755 crore file against OHL joint venture. However, the company still faces a liability of Rs 402 crore as per the court's order, as disclosed in the exchange filing.

Stock Market Live: UNO Minda Shares Fall Over 2%

The shares of UNO Minda fell on Thursday after it announced its third quarter earnings.

Sensex, Nifty Today: Stock Market Watch 12 PM

  • Indian equities were trading lower with Nifty falling over 0.35% at 23614.55 and Sensex was trading 250.46 points lower at 18,025.

  • Intraday, both Nifty and Sensex fell over 0.43%.

  • Nifty fell 0.43% to 23,594.35.

  • Sensex fell 0.44% to 77,926.58.

  • Broader indices were mixed. Nifty Midcap fell 0.82%; Nifty Smallcap was trading 0.4% lower.

  • Most sectoral indices fell, led by Nifty Realty.

  • Nifty Bank fell 0.13%, Nifty IT was up 0.20%.

  • ITC Hotels, Cipla and BPCL were top Nifty gainers.

  • ONGC, Titan, Shriram Finance and NTPC were top Nifty losers.

Stock Market Live: India's Top Two Sectors Poised For Rare Joint Gains Amid Key Macro Events

Banks and information technology stocks — India's biggest sectors by weightage — are all set for a rare joint outperformance, amid dovish comments by the central bank and the expected economic growth pick-up.

Read full story here.

Stock Market Live: Wipro, Mphasis, Tech Mahindra Shares Among Top Gainers As Cognizant Results Boost Sentiments

Wipro Ltd., Mphasis Ltd., Tech Mahindra Ltd., and Persistent Systems Ltd. were top gainers on the NSE Nifty IT index during market open on Thursday. US-based IT company Cognizant, which has operations across major Indian cities, reported better than expected fourth quarter results, and guided for higher growth in calendar year 2025.

Read full story here.

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Stock Market Live: KPI Green Energy Share Price Today

KPI Green Energy shares hit upper circuit on Thursday after its profit rose 68.3% to Rs 85.2 crore in comparison to Rs 50.6 crore.

Read full story here.

Stock Market Live: SEBI Committee Mulling On Globally Aligned ESG Disclosure Norms

The Securities and Exchange Board of India’s advisory committee on Environmental, Social, and Governance (ESG) matters is mulling on aligning the regulator’s disclosure norms with those of international standards. This is being done to have globally aligned EGS reporting norms, as per the people in the know.

Read full story here.

Stock Market Live: India Car Sales Surge Over 15% In January 2025 Due To Spillover Effect

Car sales in India surged in January 2025, due to a “spillover effect” even as inventory levels eased.

As many as 4,65,920 cars were registered last month, as against 2,93,465 units in the year-ago period—a 15.53% year-on-year rise, according to data released by the Federation of Automobile Dealers Associations on Thursday. Sequentially, car sales were up 58.77%.

Read full story hereF.

Stock Market Live: Page Industries Share Price Today

Shares of Page Industries fell nearly 5% on Thursday, after both Macquarie and Citi took a cautious stance even as the company's margin surpassed guidance in the third quarter.

Read full story here.

Stock Market Live: Info Edge Share Price Today

Info Edge Ltd., share price extends gains after posting third quarter earnings. Based on these results, two brokerages have raised its target price due to the strong margin improvement expectations.

Read full story here.

Stock Market Live: Redington Share Price Today

Redington shares rose nearly 5% on Thursday after its profit surged in the third quarter to Rs 400 crore in comparison to Rs 341 crore reported in the same period in the last fiscal. The shares were in the green on the back of solid third quarter earnings.

Stock Market Live: Azad Engineering Share Price Today

Azad Engineering shares rose over 5% on Thursday after it entered into a long-term pact with Rolls-Royce for aircraft engineer parts.

Stock Market Live: DLF Share Price Today

DLF Ltd. saw its share price rise nearly 4% on Thursday after global brokerage firm CLSA upgraded the stock to ‘High Conviction Outperform’ from ‘Outperform’. CLSA has set a target price of Rs 975, citing strong growth prospects and an unjustified discount to the company’s net asset value.

Read full story here.

Stock Market Live: Apollo Micro Systems Share Price Today

Apollo Micro Systems Ltd.'s shares rise over 5% after it entered into a pact with Redon Systems for procurement of Landing Module systems.

Stock Market Live: Sula Vineyards Share Price Today

Sula Vineyards Ltd.'s shares fell nearly 5% after it reported a 34.7% decline in net profit to Rs 28.1 crore. This was also lower than Bloomberg's estimates of Rs 40 crore. Revenue was also down 0.4% at Rs 200 crore.

Stock Market Live: VRL Logistics Share Price Today

VRL Logistics Ltd.'s share hits upper circuit on Thursday after it's net profit quadrupled to Rs 59.42 crore reported in the third quarter of this fiscal.

Read full story here.

Stock Market Live: Sagility India Share Price Today

Sagility India Ltd.'s share hits upper circuit on Thursday after it reported its third quarter results.

Read full story here.

Stock Market Live: Swiggy Share Price Today

Swiggy Ltd.'s share price fell nearly 8% in early trade on Thursday, after its third quarter loss widened amid growth worries on its quick commerce segment.

Read full story here.

Also Read: Swiggy Q3 Review: Quick Commerce Remains Pain Point As Competition Intensifies

Stock Market Live: PC Jeweller Share Price Today

PC Jeweller Ltd. shares rose nearly 6% to Rs 16.65 per share to hit over one month high. The shares have risen over last five sessions.

Read full story here.

Stock Market Live: Reliance Power Share Price Today

Reliance Power Ltd. shares opened in the green after it swung to profit of Rs 42 crore against loss of Rs 1,137 crore reported in the same period in the previous fiscal.

Stock Market Live: Cummins India Share Price Today

Cummins India Ltd saw its share price surge by as much as 5.78% on Thursday following the release of its third-quarter earnings report. The company’s financial performance for third quarter showcased year-on-year growth across key metrics.

Read full story here.

Stock Market Live: IT Stocks Gain

IT stocks rose at open on Thursday after Cognizant reported its Fourth quarter earnings.

Stock Market Live: Most Sectors In Green

On NSE, most sectors were in the green while Nifty auto and Nifty FMCG dragged.

Stock Market Live: Infosys, Bajaj Finance Lead, M&M, ITC Decline

Infosys Ltd., Bajaj Finance Ltd., Tata Consultancy Services Ltd. and Reliance Industries Ltd., added to the Nifty 50 index.

Mahindra and Mahindra Ltd., ITC Ltd., Bharti Airtel Ltd. and HDFC Bank Ltd. weighed on the Nifty 50 index.

Stock Market Live: Nifty, Sensex Open Higher After A Day Of Decline

The NSE Nifty 50 and BSE Sensex opened higher on Wednesday. The Nifty 50 opened 0.28% up at 23,761.95, and the Sensex was up 0.31% at 78,513.36.

"After a positive opening, Nifty can find support at 23,600 followed by 23,500 and 23,400. On the higher side, 23,800 can be an immediate resistance, followed by 23,900 and 24,000," said Hardik Matalia, Derivative Analyst at Choice Broking.

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

At pre-open, the NSE Nifty 50 was trading 65.65 points or 0.28% higher at 23,761.95. The BSE Sensex was 211.28 points or 0.27% higher at 78,482.56.

Stock Market Live: Yield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.65%.

  • It closed at 6.66% on Wednesday.

"RBI monetary policy is due tomorrow. A small section of the market is even talking about a 50bps cut. We expect a 25bps cut," said India Forex And Asset Management Pvt Ltd. (IFA Global).

Source: Bloomberg

Rupee Vs Dollar Today: Indian Currency Opens At Record Low Against US Dollar

Rupee opened 5 paise lower at 87.54 against the US Dollar. It closed at 87.46 on Wednesday.

Source: Bloomberg

Rupee to trade in a 87.30-87.60 range with weakening bias, according to India Forex And Asset Management Pvt Ltd. (IFA Global).

The dollar index is 0.04% higher at 107.66. Brent crude is up 0.23% to $74.78.

Stock Market Live: Conizant Revenue Guidance

  • Q1CY25 CC YoY revenue growth guidance of 6.5%-8%.

  • Financial year 2025 CC revenue growth guidance of 3.5%-6%.

  • Financial year 2025 Adj. operating margin guidance of 15.5%-17.7%.

  • This implies 20-30 bps YoY expansion.

360 One Wam, Nuvama Wealth: What Brokerages Say

Wealth managers with diversified asset base will likely perform well because of limited impact of mark to market, according to Citi Research. Higher flows and lower mark to market supports average asset under management accretion for diversified models whenever there's a slowdown in the market, the brokerage said.

Read full story here.

Stock Market News Live: Crisil Revises Outlook For Adani Green Restricted Group 1 To 'Positive' From 'Stable'

Crisil Ratings Ltd. revised its outlook for long-term bank facilities and non-convertible debentures of Adani Green Restricted Group 1 to ‘positive’ and reaffirmed the rating at ‘Crisil AA+’.

Read full story here.

ONGC, Power Grid, Gail, Marico, Nestle India Dividends: Last Day To Buy Shares To Qualify

Shares of major public sector undertakings like Oil and Natural Gas Corp., Power Grid Corp. and Gail India Ltd. will be in the spotlight on Thursday, as the day marks the last session for investors to buy shares to qualify for receiving interim dividends before the stock goes ex/record-trade. The record date will determine the eligible shareholders, who will receive the dividend payment.

Read full story here.

Nifty Today: What F&O Cues Indicate

  • Nifty February futures down by 0.12% to 23,772.60 at a premium of 76.3 points.

  • Nifty February futures open interest down by 0.5%.

  • Nifty Options Feb 6 Expiry: Maximum call open interest at 24,000 and maximum put open interest at 23,000

  • Securities in ban period: Nil.

Dollar Check

  • The US Dollar index is down 0.07% at 107.55.

  • Euro was down 0.01% at 0.9612.

  • Pound was down 0.01% at 0.7996.

  • Yen was down 0.41% at 151.96.

Stock Market News Live: Global Check

Asian stocks advanced on Thursday tracking second consecutive day of gains on Wall Street amid the looming US-China trade war and muted technology earnings.

Japan's Nikkei was up 260 points, or 0.68% at 39,097 while South Korea's Kospi rose 0.26%, or 11 points to 2,520 as of 6:30 a.m. Future contracts in China and Hong Kong hint at a positive start for the benchmarks.

Stocks in China ended Wednesday's session lower after the stock market opened for trade after a long holiday amid rising trade tensions with the US.

Stocks on Wall Street extended their gains for the second day while the 10-year yield dropped nine basis points to 4.42%. The S&P 500 and the tech-heavy Nasdaq Composite rose 0.39% and 0.19%, respectively. The Dow Jones Industrial Average advanced 0.71%.

The dollar index reversed its gains when Trump's tariff news against Canada and Mexico hit the market. The dollar index — which tracks the greenback's performance against a basket of 10 leading global currencies — was 0.09% up at 107.67.

Stock Market News Live: GIFT Nifty Trades Near 23,800 Ahead Of RBI Policy, Weekly Expiry

The GIFT Nifty was trading near 23,800 early Thursday. The futures contract based on the benchmark Nifty 50 rose 0.02% at 23,804.50 as of 7:00 a.m., indicating a flat start for the Indian market ahead of RBI MPC meet outcome and weekly options expiry of Nifty 50 contracts.

The NSE Nifty 50 and BSE Sensex settled with marginal losses on Wednesday as the indexes erased most of their morning gains, as earnings reports did little to lift investor sentiments.

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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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