Stock Market News: Rupee Closes Stronger Against Dollar
Rupee strengthened by 26 paise to close at 86.21 against the US dollar.
It closed at 86.47 on Thursday.
Source: Bloomberg
Closing Bell: Nifty, Sensex Snap Two-Day Gains
Indian benchmark indices extended their losses to the third consecutive week as earnings woes continue to hurt investor sentiments. The key gauges trod with caution on Friday to snap their two-day gains weighed by a fall in heavyweights HDFC Bank Ltd. and Reliance Industries Ltd.
The S&P BSE Sensex closed 330 points or 0.43% down at 76,190, while the NSE Nifty 50 was 113 points or 0.49% lower at 23,092. Intraday, the Nifty fell 0.67% to 23,050, and the S&P BSE Sensex declined 0.56% to 76,091.7.
The Indian rupee strengthened by 26 paise to close at 86.21 against the greenback.
Most Asian stocks advanced on Friday on US President Donald Trump's push for interest-rate cuts and a potentially softer approach toward tariffs on China.
The yen strengthened while Japanese stocks rose after the central bank raised interest rates to the highest level in 17 years. Trump said in an interview with Fox News that he would rather not have to use tariffs against Beijing.
ICICI Bank Ltd., Hindustan Unilever Ltd., Infosys Ltd., Bharti Airtel Ltd. and Grasim Ltd. contributed to the gains in Nifty 50.
HDFC Bank Ltd., Reliance Industries Ltd., Mahindra & Mahindra Ltd., Trent Ltd. and Larsen & Toubro Ltd. contributed negatively to the benchmark index.
Ten out of the 12 sectors on the NSE declined, with Nifty Media and Nifty Realty falling the most on Friday. The Nifty FMCG and IT rose the most in trade. The Oil & Gas index fell for the fourth day in a row.
The broader indices underperformed. BSE Midcap closed 1.6% lower and BSE Smallcap closed 2.2% lower.
Only two sectoral indices of the 21 on the BSE ended higher and remaining fell. BSE Realty fell the most.
Market breadth was skewed in the favour of sellers. As many as 2,888 stocks fell, 1,052 rose, and 119 remained unchanged on the BSE.
On a weekly basis, the Nifty fell by 0.48% while the 30-stock Sensex slipped by 0.56%, led by a fall in Reliance Industries Ltd. and Trent Ltd. The information technology stocks outperformed all sectors during the week.
Nifty Realty fell for the 4th week in a row to end the five sessions lower by 9.12%. This was followed by losses in Energy and Oil and Gas stocks. Nifty realty recorded worst week in 10 months while Nifty Bank declined for the fourth week in a row. Nifty Pharma and Nifty Auto fell for the third week in a row
Stock Market Live News: Shriram Finance Tumbles As One-Time Gain Lifts Profit
Shares of Shriram Finance Ltd. fell on Friday after the non-baking lender's 73% growth in net profit was inflated by an one-time gain.
Shriram Finance Q3 Highlights (Consolidated, YoY)
Net profit up 73.4% to Rs 3,249 crore versus Rs 1,874 crore.
Total income up 20% to Rs 10,705 crore versus Rs 8,927 crore.
NII up 13.8% to Rs 5,590 crore versus Rs 4,911 crore.
Includes a one-time gain of Rs 1,554 crore due to the sale of Shriram Housing Finance.
Stock Market Live News: Top Gainers And Losers So Far
Hindustan Unilever Ltd., ICICI Bank Ltd., Infosys Ltd., Bharti Airtel Ltd. and Eicher Motor Ltd. contributed to the gains in Nifty 50.
HDFC Bank Ltd., Reliance Industries Ltd., Mahindra & Mahindra Ltd., Larsen & Toubro Ltd., and Trent Ltd. contributed negatively to the benchmark index.
Stock Market Live: Nuvama on Mphasis
Retains a Buy rating on the stock and revises the target price to Rs 3,650 from Rs 3,800.
Reports in-line third-quarter fiscal year 2025 results.
Expects the fourth quarter to be the best since the fourth quarter of fiscal year 2022.
Management indicates an improving demand environment, benefiting from tailwinds in the Banking, Financial Services, and Insurance sector, though the travel vertical remains a drag.
Anticipates the travel segment to bottom out in the coming quarters.
Total contract value has been solid, with stable margins expected to sustain.
Stronger deal conversion is expected to drive improved growth.
Notes that artificial intelligence investments are likely to yield results over the medium to long term.
Stock Market Live: 21 Scrips Hit 52-Week Low Today
Apollo Tyres, Axis Bank and Tata Technologies are among the 21 stocks that hit 52-week low during the session today.
Stock Market Live: Benchmarks Tread With Caution
Indian benchmark indices gave up their early gains to trade lower during the session end weighed by a fall in heavyweights HDFC Bank Ltd. and Reliance Industries.
As of 2:35 p.m., the S&P BSE Sensex was down 209 points or 0.27% at 76,299, while the NSE Nifty 50 was 85 points or 0.38%, lower at 23,119.
Stock Market Live: Vishnu Chemicals Shares Spike As Profit Jumps 65.7%
Shares of Vishnu Chemicals Ltd. surged over 1.5% from day's low after it reported a 65% jump in its net profit for the third quarter.
Vishnu Chemicals Q3 Highlights (Consolidated, YoY)
Revenue up 22.3% to Rs 371 crore versus Rs 304 crore.
Ebitda up 55.1% to Rs 63.5 crore versus Rs 41 crore.
Ebitda margin at 17.1% versus 13.5%.
Net profit up 65.7% to Rs 34.4 crore versus Rs 21 crore.
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Stock Market Live: Rupee Sees Strong Gains
Rupee Strengthens Sharply Against US Dollar
Rupee strengthened by 28 paise to trade at 86.18 against the US Dollar.
It closed at 86.46 on Thursday.
Source: Bloomberg
Stock Market Live: Macro Check As Of 2:00 P.M.
The Dollar Spot Index at $107.57
Rupee strengthened by 28 paise to trade at 86.18.
India 10-Year Bond Yield at 6.76%
U.S. 10-Year Bond Yield at 4.62%
Spot gold rose 0.58% to $2,770.84 an ounce
Bitcoin rose 2.25% to $105,451.44
Stock Market Live: Denta Water IPO Subscription Details
Denta Water and Infra Solutions Ltd.'s Rs 220.5-crore initial public offering has been subscribed 120.24 times so far on its third and final day of bidding on Friday, led by solid demand from non-institutional investors.
The IPO saw bids at 50.63 times the offer on its second day, and 17.07 times on Day 1.
Read the full story here.
Stock Market Live: Tata Electronics Acquires 60% stake In Pegatron India
Tata Electronics acquired a 60% stake in Pegatron India, a firm that provides electronics manufacturing services to Apple and other global technology majors. Pegatron will undergo a rebranding, according to the official statement.
Earlier this month, Tata Electronics received the greenlight from competition watchdog CCI to acquire the stake.
Q3 Results: Granules Shares Drop As Q3 Profit Falls
Q3 Highlights (Consolidated, YoY)
Net Profit down 6.3% at Rs 118 crore vs Rs 126 crore
Revenue down 1.6% at Rs 1,138 crore vs Rs 1,156 crore
EBITDA down 8.1% at Rs 230 crore vs Rs 250 crore
Margin at 20.23% vs 21.67%
Global Financial Markets Are Stable On The Whole, Says BoJ Governor
Key Takeaways from BoJ meeting:
Japan’s economy and prices moving in line with BoJ’s view.
The likelihood for realising the outlook is rising.
Virtuous cycle to strengthen gradually.
Price trend is rising toward 2% inflation target
Global financial markets are stable on the whole
Real rate is very low, Will keep supporting economy
Forex is more likely to affect prices than in past
To keep raising rates if outlook is realized
Japan’s economy moving in line with outlook
Expect solid results from spring wage talks
Global markets calm after Trump’s initial days
Real rates Will remain negative even with today’s hike
Pace of rate hikes to depend on economy, inflation
Have no preconception on pace of rate hikes
Stock Market Live: RBI Asks Banks To Share Impact Of Liquidity Coverage Norms
Reserve Bank of India has reached out to banks this week to understand the impact of its new liquidity coverage norms, which come into effect from April 1, three people told NDTV Profit.
On Tuesday, the regulator said it is conducting this separate exercise, where it is asking asset liability management teams of banks to share details of the impact, according to a bank treasury official, who spoke on condition of anonymity.
Read more here.
Stock Market Live: MCX February Gold Futures Hit Fresh Record High
The gold futures prices for MCX have risen to an all time high. Up about 0.43% when compared to Thursday's rates, the futures for Feb. 5, 2025 are at Rs 79,970 as of 10:33 a.m. The precious commodity has seen a climb in prices this week as the spot prices hit record highs as well.
Gold price in India stood at Rs 79,980 per 10 grams as of 6:50 a.m. on Friday, according to the India Bullion Association. The yellow metal's spot prices cooled off after it rose to a record high of Rs 82,700 per 10 grams in Delhi on Wednesday.
Stock Market Live: Exicom Tele-Systems Surge After Rs 1,412 Crore Order Win
The shares of Exicom Tele-Systems Ltd. rallied to the upper circuit on Friday after it won a Rs 1,412 crore order from Rail Vikas Nigam Ltd. for the supply of telecom equipment.
The RVNL order includes the supply of power systems and racks for three years, the company said in an exchange filing. The order also includes maintenance of the telecom equipment's for a period of 10 years.
The scrip rose as much as 5% to 243.99 apiece compared to a 0.47% advance in the NSE Nifty 50 Index.
Stock Market Live: Suzlon Energy, Torrent Power Win 486 MW-Order In Gujarat
Suzlon Energy Ltd. and Torrent Power Ltd. on Friday said they secured a 486 megawatt wind power contract in Gujarat. The deal value was not disclosed.
Under the agreement, Suzlon will supply 162 state‐of‐the‐art S144 wind turbine generators with hybrid lattice towers, each rated at 3 MW capacity in the Bhogat region in Gujarat.
Suzlon Energy share price was trading 2.7% lower at Rs 52.8 apiece at 11:35 a.m., while Torrent Power stock was up 3.5% at Rs 1,474, after the announcement. The benchmark Nifty 50 was up 0.45%.
Read more here.
Stock Market Live: Paytm Shares Pare Losses After Clarification
Shares of Paytm parent — One 97 Communications Ltd. — pared off losses after it clarifies that it did not receive any notice from the Enforcement Directorate regarding reports of crypto probe.
Media reports claimed that Paytm, along with several other payment gateways, is being investigated for its alleged involvement in facilitating a cryptocurrency scam by the Enforcement Directorate.
Paytm said that ED's probe is on third-party merchants. "They (merchants under probe) are independent entities and are not part of our group."
Shares recovered after plunging nearly 9% during the day.
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Stock Market Live: India Services Activiy Contracts In January
Indian private sector companies started 2025 with a slowdown in growth, data from the HSBC Flash India PMI suggested.
With the rise in new business intakes receding, aggregate output increased at the weakest pace since November 2023. A stronger expansion in the manufacturing industry was more-than-offset by a loss of growth momentum in the service economy.
HSBC India January flash composite PMI at 57.9 versus 59.2 in December.
HSBC India January flash services PMI at 56.8 versus 59.3 in December.
HSBC India January flash manufacturing PMI at 58.0 versus 56.4 in December.
Stock Market Live: Asian Stocks Rise On Trump's Soft Tariff Stance
Most Asian stocks advanced on Friday on US President Donald Trump's push for interest-rate cuts and a potentially softer approach toward tariffs on China.
The yen strengthened while Japanese stocks rose after the central bank raised interest rates to the highest level in 17 years. The Nikkei was 53 points, or 0.13%, higher at 40,010, as of 11:42 a.m. Bank of Japan said that it sees a faster pace of inflation in the coming years.
Australia's S&P ASX 200 was up 30 points, or 0.36%, at 8,408, while China's CSI 300 rose 0.71% to 3,830 after Trump said in an interview with Fox News that he would rather not have to use tariffs against Beijing.
Crude oil prices fell after US President Donald Trump urged OPEC to lower crude prices. Trump said he would ask Saudi Arabia and other OPEC nations to “bring down the cost of oil."
The Brent crude was trading 0.03% lower at $78.27 a barrel as of 11:47 a.m. IST, and the West Texas Intermediate was down 0.03% at $74.60.
The largest cryptocurrency traded above the $104,000 mark. The dollar index — which tracks the greenback's performance against a basket of 10 leading global currencies — was down 0.29% at 107.72.
Stock Market Live: Adani Energy Shares May Rise 67%, Says Investec
Adani Energy Solutions Ltd.'s stock has received a bullish call from brokerage Investec after its strong third-quarter earnings. Maintaining a 'buy' rating, Investec has placed a target price of Rs 1,352 on the stock, implying a 67% potential upside over the previous close.
The Adani Group company's consolidated net profit surged in the third quarter of fiscal 2025, driven by strong Ebitda growth and a reversal of net deferred tax liability of Rs 185 crore primarily due to the divestment of the Dahanu plant in Adani Electricity Mumbai Ltd.
Read more here.
Stock Market Live: Markets Less Forgiving Of Earnings Misses, Says Kotak
The Indian stock markets have evolved and are no longer as forgiving as they once were when it comes to the financial performance of companies that fail to meet expectations, according to Kotak Institutional Equities’ Managing Director and Co-Head Sanjeev Prasad.
Speaking to NDTV Profit about the stock market corrections over the past few weeks, Prasad highlighted a new trend seen since the Q2 earnings season.
Read more here.
Stock Market Live: Paytm Plunges 9% On Reports Of Crypto Scam Probe
Shares of One 97 Communication Ltd. — the parent of Paytm— tumbled nearly 9% after Bombay Stock Exchange sought clarification on media report of the crypto scam probe.
Media reports claim that Paytm, along with several other payment gateways, is being investigated for its alleged involvement in facilitating a cryptocurrency scam by the Enforcement Directorate.
The ED is reported to have frozen Rs 500 crore across the virtual accounts of Paytm, Razorpay, PayU, Easebuzz, and four other payment gateways in connection with a scam involving Chinese nationals, as reported by Times of India.
The scrip fell as much as 8.96% to Rs 773.05 apiece. It pared losses to trade 2.77% lower at Rs 825.55 apiece, as of 10:58 a.m. This compares to a flat NSE Nifty 50 Index.
Stock Market Live: Macro Check As Of 11:00 A.M.
The Dollar Spot Index at $107.76
Rupee weakened by 16 paise to trade at 86.30.
India 10-Year Bond Yield at 6.76%
U.S. 10-Year Bond Yield at 4.63%
Spot gold rose 0.72% to $2,774.71 an ounce
Bitcoin rose 1.79% to $104,976.81
Stock Of The Day: Ujjivan SFB Shares See No Respite Despite 2024 Rout
Shares of Ujjivan Small Finance Bank Ltd. extended their losses this year after tumbling nearly 45% in 2024. The lender's plan to apply for a universal banking license failed to cheer investors.
The stock of Ujjivan in 2025 has fallen by 3% after it tumbled on Friday after its third-quarter profit fell 64%. The stock has been on a downtrend since hitting a life-high of Rs 63 per share in December 2023.
Ujjivan's stock trades below the long-term trend gauge — 200-daily moving average. The scrip currently is also below the 14-day simple moving average and the 21-day exponential moving average.
The counter currently faces support at Rs 32.6, which is also 2 standard deviations below the 14-day moving average. A breakout of that could send the stock towards Rs 32 level. On the upside, the stock faces resistance at Rs 35.5 and a break out could send the stock to further upsides.
The stock fell as much as 6.9% to Rs 32.1 per share, compared to the 0.4 decline in the NSE Nifty 50. The relative strength index was at 38, trading near the oversold zone.
Thirteen of the 16 analysts tracking the company have a 'buy' rating on the stock, two suggest a 'hold' and one has a 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 35%.
Stock Market Live: Indus Towers Shares Rally On Positive Q3 Results
Indus Towers Ltd.'s share price surged following the company’s robust third-quarter results for the financial year 2025, with Citi analysts expressing optimism about its performance.
The mobile tower company reported a significant increase in its net profit, reflecting solid operational performance and positive developments in its business.
The scrip rose as much as 2.07% to Rs 374.20 apiece. It pared gains to trade 0.57% higher at Rs 368.70 apiece, as of 10:12 a.m. This compares to a 0.21% decline in the NSE Nifty 50 Index.
Stock Market Live: Religare Flags Concerns About Burmans' Open Offer
The independent directors of Religare Enterprises Ltd. have flagged concerns over the open offer for the company's stake by the Burman family.
The ongoing open offer of Rs 235 per share, by M.B Finmart Pvt., Puran Associates Ltd. and VIC Enterprises Ltd. — entities owned by Burman family — is less than the closing market price of Rs 271 on Sept. 22, 2023, a day before the announcement of the offer.
Read more here.
Stock Market Live: BSE Seeks Clarification From Paytm
The Bombay Stock Exchange seeked clarification from One 97 Communication Ltd. — the parent of Paytm — on media report of the crypto scam probe.
Market Live: Stock That Hit 52-Week Lows Today
Cyient
Steel Strip Wheels
Sanghi Movers
Zf Commercial
Prism Johnson
Chennai Petroleum
Sula Vineyards
Mahindra Resorts
Aarti Drugs
Tanla Platforms.
Stock Market Live: Strides Pharma Arm OneSource Debuts At 6.9% Premium
OneSource Ltd. listed on the BSE on Friday at Rs 1,800 apiece, a premium of 6.9% over its pre-open discovery price of Rs 1,610.7 apiece derived on the exchange. Even on the National Stock Exchange, the stock debuted at Rs 1,800 per share.
OneSource is a Contract Development & Manufacturing Organization and soft gelatin business and a subsidiary of Strides Pharma Science Ltd. The company received the final listing and trading approval for its equity shares from the NSE and the BSE on Jan. 22.
Stock Market Live: Tejas Networks Slids 8% After Q3 Results
Shares of Tejas Networks Ltd. plunged over 8% on Friday despite reporting a net profit in the third quarter against a loss in the same period last year.
Tejas Networks Q3 Highlights (Consolidated, YoY)
Net profit at Rs 166 crore versus a loss of Rs 44.9 crore.
Revenue at Rs 2,642 crore versus Rs 560 crore.
Ebitda at Rs 371.6 crore versus an Ebitda loss of Rs 7.5 crore.
Margin at 14.1%.
Stock Market Live: United Spirits Shares Fall After Profit Slips In Third Quarter
United Spirits Ltd.'s share price fell after its profit fell in the third quarter, even as revenue rose. The company posted a revenue growth of 11.1% to Rs 3,433 crore against Rs 3,002 crore in the previous year. The Ebitda was also up 17% to Rs 568 crore when compared to Rs 486 crore last year.
United Spirits Ltd. stock fell as much as 2.62% during the day to Rs 1,461.3 apiece on the NSE. It was trading 1.04% lower at Rs 1,483.4 apiece, compared to a 0.30% decline in the benchmark Nifty 50 as of 10:04 a.m.
Stock Market Live: Zee Files $8 Million Suit In ICC TV Rights Dispute With Star India
Zee Entertainment Enterprises Ltd. has counter claimed $8.06 million plus interest from Star India Pvt. Ltd. in a broadcasting rights dispute for International Cricket Council’s men’s tournaments over four years.
As per Zee’s regulatory filing from Thursday, the two entities had entered into an alliance agreement in August 2022 regarding the ICC rights.
However, on Sept. 16, 2024, Star had claimed damages of $940 million, along with costs, expenses and applicable interest until full payment from Zee in the statement of case filed before the London Court of International Arbitration.
Read more here.
Stock Market Live: Arvind Smartspaces In Pact For Project In MMR
Arvind Smartspaces Ltd. signed a pact for project in Mumbai Metropolitan Region with an estimated area of 92 acre and a revenue potential of Rs 1,500 crore, according to an exchange filing.
Stock Market Live: Cyient Share Price Locked In Lower Circuit
Cyient Ltd.’s share price tumbled 15% and was locked in lower circuit on Friday after the company reported a sharp decline in its net profit for the third quarter of fiscal 2025. The engineering and IT services company's quarterly results, announced on Thursday, showed a drop of 31.7% in net profit.
Share price of Cyient dropped as much as 15% to Rs 1,491.95 apiece. They pared losses to trade at the same level as of 9:43 a.m. This compares to a flat NSE Nifty 50.
Stock Market Live: IndiGo, JSW Steel Among Big Earnings Today
Godrej Consumer Products Ltd., InterGlobe Aviation Ltd. and JSW Steel Ltd. are among the top names that will announce their earnings for the third quarter on Friday.
Read this story to know all the companies that will announce their third-quarter earnings today.
Stock Market Live: Gold Price Steady At Rs 79,980 — Check Rates Here
Gold price in India stood at Rs 79,980 per 10 grams as of 6:50 a.m. on Friday, according to the India Bullion Association. The price saw a marginal rise of Rs 40, compared to Thursday's price.
Gold price cooled off after it rose by Rs 630 to a record high of Rs 82,700 per 10 grams in Delhi on Wednesday. This marks the sixth straight session of gains for the yellow metal.
Stock Market Live News: BoJ Raises Interest Rate To Highest Level Since 2008
The Bank of Japan raised its key policy rate Friday to the highest level in 17 years, as Governor Kazuo Ueda continues his mission to return to central bank orthodoxy.
Ueda and his fellow board members lifted the overnight call rate by a quarter-percentage point to 0.5% at the end of a two-day meeting, according to a statement from the central bank. The decision to hike was in line with market expectations. The BOJ said it will continue to raise rates if its economic outlook is realized.
(With inputs from Bloomberg)
Stock Market Live News: Syngene Shares Down On Lower FY25 Guidance
Syngene International Ltd.'s share price tanked 4% during early trade on Friday, after the company lowered its full-year revenue guidance due to unexpected delays in demand recovery.
Initially anticipated in the second half of the year, the recovery was postponed by eight to 12 weeks, prompting the company to project single-digit revenue growth, with flat profit for the year.
Syngene International's share price declined 3.9% to Rs 847.95 apiece soon after market open. The benchmark NSE Nifty 50 was up 0.25%. The stock has risen 22% in the last 12 months. The relative strength index was at 39.
Read more here.
Stock Market Live News: Mankind Pharma Shares Fall As Q3 Profit Falls
Mankind Pharma Ltd.'s share price declined more than 5% during early trade on Friday after the company's third-quarter results showed the consolidated net profit fell, missing analysts' estimates.
The company posted a net profit of Rs 380.2 crore in the third quarter as compared to Rs 453.8 crore in the year-ago period, a fall of 16%. Analysts tracked by Bloomberg had estimated a net profit of Rs 470 crore.
Mankind Pharma's share price declined 5.2% to Rs 2,564 apiece soon after market opened. The benchmark NSE Nifty 50 was up 0.25%.
Read more here.
Stock Market Live News: Sectors And Broader Market Performance
Seven out of the 12 sectors on the NSE advanced, with Nifty Metal and Nifty Oil and Gas gaining the most on Friday. Nifty Pharma and Media fell the most in trade.
The broader markets underperformed its larger peers, with the BSE MidCap slipping by 0.12% and the SmallCap falling by 0.20%.
Six out of the 20 sectors compiled by BSE declined, with BSE Healthcare declining the most.
The market breadth was skewed in favour of the sellers as 1,452 stocks declined, 1,436 advanced and 120 remained unchanged on the BSE.
Stock Market Live News: Top Gainers And Losers
ICICI Bank Ltd., Reliance Industries Ltd., Bharti Airtel Ltd., Infosys Ltd. and PowerGrid Ltd. contributed to the advance on the Nifty 50.
Dr. Reddy's Laboratories Ltd., Sun Pharmaceutical Industries Ltd., Apollo Hospitals Enterprise Ltd., Maruti Suzuki Ltd., and Kotak Mahindra Bank Ltd. weighed on the benchmark index.
Opening Bell: Nifty, Sensex Open Higher
Indian benchmark indices opened higher on Friday, extending gains to day three led by gains heavyweights Reliance Industries Ltd. and ICICI Bank. The domestic gauges tracked Asian gains as the US President said he would push for lower interest rates.
In early trade, Nifty rose 0.31% to 23,277, while the 30-stock Sensex advanced 0.31% to 76,765.
However, the pre-open trade hinted at lower open. At pre-open, the S&P BSE Sensex Index was up 9.5 points, or 0.01%, at 76,414 while the NSE Nifty 50 was 27 points or 0.12% lower at 23,128.
After a positive opening, Nifty can find support at 23,100 followed by 23,000 and 22,800, according to Hardik Matalia, Derivative Analyst at Choice Broking. On the higher side, 23,300 can be an immediate resistance, followed by 23,400 and 23,500, Matalia said.
Stock Market Live News: Nifty, Sensex Fall In Pre-Market Trade
The Indian benchmark indices are poised to snap their two-day gains on Friday as the pre-market trade fell. At pre-open, the S&P BSE Sensex Index was down 65 points, or 0.08%, at 76,455 while the NSE Nifty 50 was 21 points or 0.09% lower at 23,183.
Stock Market Live News: Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.72%.
It closed at 6.73% on Thursday.
Source: Bloomberg
Stock Market Live News: Rupee Strengthens Sharply
Rupee strengthened by 18 paise to open at 86.28 against the US Dollar.
It closed at 86.46 on Thursday.
Source: Bloomberg
Stock Market Live News: Goldman Sachs On UltraTech
Retains a Buy rating on the stock and raises the target price to Rs 12,580 apiece from Rs 12,460.
Volume growth recovery and lower costs drive a margin beat.
Continues to favour UltraTech for its strong balance sheet, cost savings roadmap, timely capacity expansions, and better market price steering compared to competitors.
Highlights that these factors position the company well in a market likely to consolidate further.
Notes that execution on turning around India Cement and Kesoram will be key to watch.
Stock Market Live News: Citi on Zee Entertainment
Retains a Sell rating on the stock and lowers the target price to Rs 115 apiece from Rs 118.
Weak industry trends are expected to pressure both growth and margin expansion.
Continues to express concerns about the potential impact of cost-saving measures on revenues and competitive positioning.
Stock Market Live News: Investec On Adani Green Energy
Retains a Buy rating on the stock with a target price of Rs 2,515 apiece, implying a potential upside of 144%.
Continued capacity addition and consistent operational performance support growth momentum.
Profit After Tax was further boosted by lower interest costs and reduced tax expenses.
Signed a Power Purchase Agreement with the Maharashtra State Electricity Distribution Company Limited to supply 5 GW of solar power over a 25-year period.
Stock Market Live News: Jefferies on HPCL
Retains an Underperform rating on the stock and lowers the target price to Rs 295 apiece from earlier Rs 320.
Ebitda was 9% below estimates, primarily due to weakness in refining.
Marketing performance was in line, but losses in LPG widened.
LPG subsidy relief could provide upside to earnings.
Refining outlook is expected to improve in 2025, as refinery closures are likely to exceed demand growth.
Stock Market Live News: Dr. Agarwal’s Health Sets IPO Price Band
Eyecare services provider Dr. Agarwal's Health Care Ltd. has set the price band for its initial public offering, due to launch next week. Investors can bid for the IPO in the range of Rs 382-402 per share, the company said in a public advertisement.
On the upper price band, Dr. Agarwal's Health Care's valuation comes at nearly Rs 12,700 crore.
The IPO will open for bidding on Jan. 29 and close on Jan. 31. The company will offer shares worth Rs 3,027.26 crore in the public issue.
Read more here.
Stock Market Live News: Trade Setup For Today
The Nifty 50 is expected to trade in a range on Friday, with key resistance at 23,400, according to analysts. Support for the index is seen at 22,980.
"The domestic benchmark index, Nifty, opened flat to negative, witnessed buying interest, and ultimately settled the day in positive territory at 23,205," said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Intermediates Ltd.
"Technically, Nifty has respected the hammer's support of 22,980 levels and formed a green candle, indicating strength. As long as the index holds above 22,980, the ongoing relief rally is likely to continue, with the index potentially attempting to test 23,400-23,550. Therefore, traders are advised to follow a 'buy on dips' strategy in the short term."
Aditya Gaggar, director of Progressive Shares, said, "As noted yesterday, the positive divergence in the RSI worked well, but for a trend reversal to be confirmed, the index needs to break through the strong resistance level at 23,400. Meanwhile, 23,000 will continue to act as support."
Stock Market Live News: Market Recap
The Indian benchmark indices extended their gains to day two on Thursday, led by UltraTech Cement Ltd. and information-technology stocks on positive earnings and optimism over Donald Trump's AI policies.
The S&P BSE Sensex closed 115 points or 0.15% up at 76,520.38, while the NSE Nifty 50 was 50 points or 0.22% higher at 23,205.35. Intraday, the Nifty rose 0.5% to 23,270.80, and the S&P BSE Sensex advanced 0.44% to 76,743.54.
Shares of Coforge Ltd. and Persistent Systems Ltd. surged 11% and 12%, respectively, on positive third-quarter earnings. Tech sentiments were also buoyed by Trump's push to make the US an AI superpower by having fewer guardrails.
UltraTech Cement Ltd., Mahindra & Mahindra Ltd., Sun Pharmaceutical Industries Ltd., Infosys Ltd. and ITC Ltd., led the advance in the Nifty 50.
Reliance Industries Ltd., Kotak Mahindra Bank Ltd., State Bank of India, HCL Technologies Ltd. and Hindustan Unilever Ltd. weighed on the benchmark index.
Eight out of the 12 sectors on the NSE advanced, with Nifty IT and Nifty Media rising the most on Wednesday. The Nifty Oil & Gas fell the most in trade. The Oil & Gas index fell for the third day in a row.
Stock Market Live News: Earnings Post Market Hours
Sona BLW Precision Forgings Q3 Earnings (Cons, YoY)
Revenue up 11% at Rs 868 crore versus Rs 782 crore (Est: Rs 905 crore).
Ebitda up 0.4% at Rs 234 crore versus Rs 233 crore (Est: Rs 249 crore).
Margin up 280 bps at 27% versus 29.8% (Est: 27.5%).
Net profit up 13% at Rs 151 crore versus Rs 134 crore (Est: Rs 155 crore).
United Spirits Q3 Earnings (Cons, QoQ)
Revenue up 11.1% at Rs 3,433 crore versus Rs 3,002 crore
Ebitda up 16.9% at Rs 568 crore versus Rs 486 crore
Margin at 16.5% versus 16.2%
Net Profit down 4.3% at Rs 335 crore versus Rs 350 crore
Cyient Q3 Earnings (Cons, QoQ)
Revenue up 4.2% at Rs 1,926 crore versus Rs 1,849 crore.
EBIT down 8.4% at Rs 211 crore versus Rs 231 crore.
EBIT margin at 11% versus 12.5%.
Net profit down 31.7% at Rs 122 crore versus Rs 179 crore.
Amber Enterprises India Q3 Earnings (Cons, YoY)
Revenue up 65% at Rs 2,133 crore versus Rs 1,295 crore (Est: Rs 1,691 crore).
Ebitda at Rs 158.7 crore versus Rs 78.5 crore (Est: Rs 115 crore).
Margin at 7.4% versus 6.1% (Est: 6.8%).
Net profit at Rs 35.9 crore versus loss of Rs 48 lakh (Est: Rs 20 crore).
Spandana Sphoorty Financial Q3 Earnings (YoY)
Total income down 14.9% at Rs 529 crore versus Rs 622 crore.
Net loss at Rs 394 crore versus profit of Rs 118 crore.
Dr Reddy's Laboratories Q3 (Cons, YoY)
Revenue up 15% at Rs 8,381 crore versus Rs 7,237 crore.
Ebitda up 12% at Rs 2,273 crore versus Rs 2,023 crore.
Margin at 27.1% versus 28%.
Net profit up 2% at Rs 1,414 crore versus Rs 1,381 crore.
Adani Green Energy Q3 Earnings (Cons, YoY)
Revenue up 2% at Rs 2,365 crore versus Rs 2,311 crore.
Ebitda at Rs 1,601 crore versus Rs 1,666 crore.
Margin at 67.7% versus 72.1%.
Net profit up 85% at Rs 474 crore versus Rs 256 crore.
Greaves Cotton Q3 Earnings (Cons, YoY)
Revenue up 13% at Rs 751 crore versus Rs 665 crore.
Ebitda up 12% at Rs 39.7 crore versus Rs 35.3 crore.
Margin at 5.28% versus 5.3%.
Net profit down 64% at Rs 21 crore versus Rs 58 crore.
Exceptional gain od Rs 6.17 crore versus gain of Rs 47.16 crore.
Thyrocare Technologies Q3 Earnings (Cons, YoY)
Revenue up 23% at Rs 166 crore versus Rs 135 crore.
Ebitda up 32% at Rs 41.8 crore versus Rs 31.6 crore.
Margin at 25.2% versus 23.4%.
Net profit up 24% at Rs 19.1 crore versus Rs 15.4 crore (Cons, YoY).
Kfin Technologies Q3 Earnings (Cons, YoY)
Revenue up 32% at Rs 290 crore versus Rs 219 crore.
Ebitda up 33% at Rs 131 crore versus Rs 98 crore.
Margin at 45% versus 44.8%.
Net profit up 35% at Rs 90.1 crore versus Rs 66.8 crore.
Hindustan Petroleum Corp Q3 Earnings (QoQ)
Revenue up 10.1% at Rs 1.10 lakh crore versus Rs 99,926 crore.
Ebitda at Rs 5,970 crore versus Rs 2,724 crore.
Margin at 5.4% versus 2.7%.
Net profit at Rs 3,023 crore versus Rs 631.2 crore.
V2 Retail Q3 Earnings (Cons, YoY)
Revenue up 58% at Rs 591 crore versus Rs 374 crore.
Ebitda up 83% at Rs 111 crore versus Rs 60.9 crore.
Ebitda margin at 18.9% versus 16.3%.
Net profit up 117% at Rs 51.2 crore versus Rs 23.6 crore.
Ujjivan Small Finance Bank Q3 (YoY)
NII up 3% at Rs 887 crore versus Rs 860 crore.
Net profit down 63.8% at Rs 109 crore versus Rs 300 crore.
Gross NPA at 2.68% versus 2.52% (QoQ).
Net NPA at 0.56% versus 0.56% (QoQ).
Plans to apply for universal banking license in Q4.
Indian Energy Exchange Q3 Earnings (Cons, YoY)
Revenue up 14% at Rs 132 crore versus Rs 115 crore.
Ebitda up 14% at Rs 113 crore versus Rs 98.8 crore.
Margin at 85.4% versus 85.7%.
Net profit up 31% at Rs 107 crore versus Rs 81.8 crore.
Tejas Networks Q3 Earnings (Cons, YoY)
Revenue at Rs 2,642 crore versus Rs 560 crore.
Ebitda at Rs 371.6 crore versus Ebitda loss of Rs 7.5 crore.
Margin at 14.1%.
Net profit at Rs 166 crore versus loss of Rs 44.9 crore.
Indus Towers Q3 Earnings (Cons, YoY)
Revenue at Rs 7,547 crore versus Rs 7,199 crore.
Ebitda at Rs 6,997 crore versus Rs 3,622 crore.
Ebitda margin expanded from 49.8% to 92.2%.
Net profit at Rs 4,003 crore versus Rs 1,540 crore.
Ebitda includes Rs 2,825 crore as allowances for doubtful receivables.
Mankind Pharma Q3 Earnings (Cons, YoY)
Revenue up 24% at Rs 3,230 crore versus Rs 2,607 crore (Est: Rs 3,180 crore).
Ebitda up 36% at Rs 830 crore versus Rs 607 crore (Est: Rs 837 crore).
Margin at 25.7% versus 23.3% (Est: 26.3%).
Net profit down 16.2% at Rs 380 crore versus Rs 454 crore (Est: Rs 470 crore).
Decrease in net profit was led by increase in finance cost of the company. The finance cost increased 24 times due to acquisition of BSV.
Mphasis Q3 Earnings (Cons, QoQ)
Revenue up 0.7% at Rs 3,561 crore versus Rs 3,536 crore.
EBIT up 0.2% at Rs 546 crore versus Rs 544 crore.
EBIT margin at 15.3% versus 15.4%.
Net profit up 1.1% at Rs 428 crore versus Rs 423 crore.
Nippon Life AMC Q3 Earnings (Cons, QoQ)
Revenue down 12.87% at Rs 603 crore versus Rs 692 crore.
Net profit was down 18.05% at Rs 295 crore versus Rs 360 crore.
India AUM stood at Rs 6.56 lakh crore.
Retail assets contributed 31% to AUM versus industry average of 27%.
Stock Market Live News: Ventura On Adani Power
Maintain Buy with a target price of Rs 806, implying a potential upside of 55%.
Enhanced coal availability and business expansion are fueling growth.
Committed to future growth through continued investments in thermal power capacity.
Strategically positioned with robust capacity expansion plans to address critical demand.
Manageable net debt of Rs 30,985 crore supports balance sheet strength.
Stock Market Live News: F&O Cues
Nifty January futures up by 0.29% to 23,267 at a premium of 62 points.
Nifty January futures open interest down by 3.18%.
Nifty Options Jan. 30 Expiry: Maximum call open interest at 24,000 and maximum put open interest at 22,000.
Securities in ban period: Aditya Birla Fashion and Retail, Bandhan Bank, Can Fin Homes, Dixon Technologies (India), L&T Finance, Manappuram Finance, Mahanagar Gas, and Punjab National Bank.
Stock Market Live News: IPO Offering Today
Denta Water And Infra Solutions: The Rs 220-crore initial public offering will enter its final day after being subscribed 50.63 times on day two. The offering is priced at a band of Rs 279 to Rs 294 per share. The minimum lot size for an application is 50.
Market Live News: Stocks To Watch
Kotak Mahindra Bank: The lender completed acquisition of the personal loan book of Standard Chartered Bank for Rs 3,330 crore.
Adani Wilmar: The FMCG company commenced operations at an integrated food processing plant in Haryana, which is poised to generate 2,000 jobs through direct and indirect employment.
Patanjali Foods: The FSSAI has directed the company to recall a batch of chili powder due to non-conformance with food safety standards.
NHPC: The state-owned company has incorporated a joint venture with Andhra Pradesh Power Generation Corp for renewable energy projects.
Akums Drugs and Pharmaceuticals: No assessment order was received by the company in relation to the search conducted by the IT department at offices and plants between Jan. 15-21.
Infosys: The board of directors of the company's arm approved a merger among units in-tech Holding, F&W APAC with in-tech.
Mazagon Dock Shipbuilders: The defence company clarified that no negotiations were held with the Indian Navy till date with regard to the P75(1) project, on reports stating that the company is likely to qualify for a Rs 70,000 crore submarine project.
Lloyds Engineering Works: The company entered into a memorandum of understanding with EMCO for land acquisition in Nagpur.
HG Infra Engineering: The company incorporated an arm in Uttar Pradesh for a project worth Rs 763 crore.
Aarti Industries: The company commenced production at its Dahej SEZ expanded facility in Gujarat.
VST Industries: The GST Department has initiated an inspection at the company's factory and offices in Telangana. The company is fully cooperating by providing data and clarifications during the ongoing process.
Bondada Engineering: The company received a Rs 450 crore order for establishing a Hydra Renewable Energy plant in Assam.
Greenlam Industries: The laminate manufacturer commenced commercial production of chipboard at its Andhra Pradesh facility. The facility has potential to generate revenue up to Rs 50 crore annually, at full capacity utilisation.
Indus Towers: The mobile towers installation company plans to foray into the electric vehicle charging infrastructure sector.
Trident: The company entered into a pact for acquisition of entire stake in overseas arms Trident Global Inc & Trident Europe.
Stock Market Live News: GIFT Nifty Trades Above 23,300
Stocks in the Asia-Pacific region advanced on Friday tracking an overnight rally on Wall Street that pushed stocks to record highs. All eyes will be on the Bank of Japan, which is widely expected to raise interest rates today.
The GIFT Nifty, an early indicator of the Nifty 50’s performance in India, was up 16 or 0.07% at 23,309.5 as of 7:50 a.m.
Japan's Nikkei was 207 points, or 0.52%, higher at 40,165, while Australia's S&P ASX 200 was up 26 points, or 0.31%, at 8,404, as of 6:38 a.m. Futures contracts in China and Hong Kong pointed to gains.
Bank of Japan will deliver its interest rate decisions on Friday and is widely expected to raise its benchmark rate by the most in 18 years, according to Bloomberg. A 25 basis point increase would be the largest since February 2007.
Meanwhile, stocks in China will continue to be in focus after authorities rolled out a slew of measures to stabilise the stock market on Wednesday. The benchmark CSI 300 closed with gains of 0.18% in the previous session.
On the commodities front, crude oil prices fell after US President Donald Trump urged OPEC to lower crude prices while pushing for interest-rate cuts. Trump said he would ask Saudi Arabia and other OPEC nations to “bring down the cost of oil".
The Brent crude was trading 0.63% lower at $77.80 a barrel as of 6:50 a.m. IST, and the West Texas Intermediate was down 0.56% at $74.20.
Stocks on Wall Street surged to new highs driven by a late-day rebound in technology companies. The S&P 500 and the Dow Jones Industrial Average rose 0.53% and 0.92%, respectively. The tech-heavy Nasdaq Composite climbed 0.22%.
The largest cryptocurrency traded above the $103,000 mark. The dollar index — which tracks the greenback's performance against a basket of 10 leading global currencies — was down 0.11% at 108.04.
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