Stock Market Today: Nifty, Sensex Extend Rally For Second Day; Shriram Finance, BEL Top Gainers

The Nifty 50 and Sensex ended 0.90% and 0.83% higher, respectively. Get live updates on stock markets here on Jan. 29.

The GIFT Nifty was trading near 23,000 in early trade on Wednesday. Colgate Palmolive India Ltd., Bajaj Auto Ltd., and JSW Infrastructure Ltd. share prices may react due to their third quarter numbers.(Photo source: Envato)

The GIFT Nifty was trading near 23,000 in early trade on Wednesday. Colgate Palmolive India Ltd., Bajaj Auto Ltd., and JSW Infrastructure Ltd. share prices may react due to their third quarter numbers.
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Most US Futures Rise

As of 3:29 p.m., the Dow Jones Industrial Average future was 0.10% down. The S&P 500 and Nasdaq 100 future was 0.08% and 0.39% higher, respectively.

Stock Market Today: Nifty, Sensex Extend Rally For Second Day; Shriram Finance, BEL Top Gainers

The Indian equity benchmark indices closed higher for the second day in a row, as Shriram Finance, BEL and Tata Motors among others led gains.

The NSE Nifty 50 ended 205.85 points, or 0.90% up at 23,163.10, and the 30-stock BSE Sensex ended 653.95 points, or 0.86% higher at 76,555.36.

The NSE Nifty Bank also closed higher at 49165.95. The index ended 0.61% up at 299.10.

"After a long duration, Bulls have shown their power right from the word Go; the Index seen compounding its gains which was well supported by the strong performance of Mid and Smallcap stocks. Nifty50 settled the trade at 23,163.10 with gains of 205.85 points," said Aditya Gaggar Director of Progressive Shares.

Except for FMCG, all the other sectors ended in the green territory where Realty and IT emerged as top performers. The positive divergence in the RSI worked well and at present, the Index stands on the brink of a Falling Wedge formation breakout which could drive the Index further up to 23,550 if the breakout occurs between 23,200-23,250, according to Gaggar.

The immediate resistance and support are positioned at 23,270 and 23,000 respectively, he added.

Shares of Infosys, TCS, Tata Motors, Mahindra & Mahindra, Kotak and Mahindra Bank contributed positively to changes in the Nifty 50.

While those of Bharati, ITC, Maruti, Axis Bank and Asian Paints weighed the index.

Eleven out of 12 sectors ended in green, with Nifty Realty, IT, Media, Energy, Metal, Pharma, Auto and Finance gaining the most.

Nifty FMCG was the only sector that saw a decline.

Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices ended 2.54% and 3.28% higher, respectively.

On BSE, 20 sectors advanced and one declined out of 21. The BSE Industrial rose the most, while the BSE FMCG emerged as the worst performing sectoral index.

Market breadth was skewed in favour of buyers. Around 2,981 stocks advanced, 1,005 stocks declined, and 96 stocks remained unchanged on BSE.

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Economic Data Releases And Events For Jan 29

  • US: Goods Trade Balance — 7:00 p.m.

  • US: Prelimianry Wholesale Inventories — 7:00 p.m.

  • US: BOE Governor Andrew Bailey to testify on the Financial Stability Report before the Treasury Select Committee, in London — 7:45 p.m.

  • US: Energy Information Administration Crude Oil Inventories — 9:00 p.m.

Rupee Ends Weaker Against US Dollar

  • Rupee weakened by 2 paise to close at 86.55 against the US Dollar.

  • It closed at 86.53 on Tuesday.

Source: Bloomberg

Market At Close

  • The NSE Nifty 50 and BSE Sensex rose for second day in a row.

  • The Nifty 50 and Sensex ended 0.90% and 0.83% higher, respectively.

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

  • The NSE Nifty Midcap 150 ended 2.43% higher at 19,481.75

  • The NSE Nifty Smallcap 250 ended 3.16% higher at 15,613.35

Stock Market Live Updates Today: Westlife Food Share Price Rises As Topline Rises 

Westlife Food Q3 Highlights (Cons, YoY)

  • Revenue up 8.9% to Rs 654 crore versus Rs 600 crore.

  • Net Profit down 59.4% to Rs 7 crore versus Rs 17.2 crore.

  • Ebitda down 4.2% to Rs 88.1 crore versus Rs 92 crore.

  • Margin at 13.5% versus 15.3%.

Stock Market Live Update: Vardhman Special Steel Share Price Jumps As Profitability Increases

Vardhman Special Q3 Highlights (Cons, YoY)

  • Net Profit down 1.6% at Rs 21.5 crore versus Rs 21.8 crore.

  • Revenue up 7.4% at Rs 427 crore versus Rs 397 crore.

  • Ebitda up 5.6% at Rs 35.1 crore versus Rs 33.2 crore.

  • Margin at 8.2% versus 8.4%.

Stock Market Live Update: JBM Auto Share Price Rises Following Q3 Net Profit Increase 

JBM Auto Q3 Highlights (Cons, YoY)

  • Net Profit up 8.2% at Rs 52.6 crore versus Rs 48.7 crore

  • Revenue up 3.7% at Rs 1,396 crore versus Rs 1,346 crore

  • Ebitda up 11.8% at Rs 175 crore versus Rs 157 crore

  • Margin at 12.5% versus 11.6%

Stock Market Today: Datamatics Share Price Swings As Net Profit Rises 

Datamatics Q3 Highlight (Cons, QoQ)

  • Revenue up 4.6% at Rs 425 crore versus Rs 407 crore.

  • Net Profit up 75% to Rs 74.3 crore versus Rs 42.4 crore.

  • Ebit up 9% to Rs 43 crore versus Rs 39 crore.

  • Ebit margin at 10.1% versus 9.7%

Stock Market Live: Orient Electric Share Price Rises As Q3 Net Profit Increases

Orient Electric Q3 Highlight (YoY)

  • Revenue up 8.6% to Rs 27 crore versus Rs 24 crore.

  • Net Profit up 11.7% to Rs 817 crore versus Rs 752 crore.

  • Ebitda up 25% to Rs 61.2 crore versus Rs 49 crore.

  • Margin at 7.5% versus 6.5%.

Click here to track live earnings updates.

Stock Market Live Updates: Mas Financial Services Share Price Jumps Following A Rise In Net Profit 

Mas Financial Services share price jumped as the company reported that its net profit rose 25% on the year to Rs 78 crore in the third quarter.

MAS Financial Q3 Highlight (YoY)

  • Net profit up 25% to Rs 78 crore versus Rs 62.4 crore.

  • Total Income up 21% to Rs 390 crore versus Rs 322 crore.

Stock Market Live Updates: Maruti Suzuki Shares Fall After Q3 Results

Shares of Maruti Suzuki Ltd. gave up gains and fell on Wednesday after the automaker reported a 13% growth in its net profit for the third quarter.

  • Revenue up 15.6% at Rs 38,492.1 crore (Estimate: Rs 38,435.5 crore).

  • Ebitda up 14% at Rs 4,470.3 crore (Estimate: Rs 4,504.6 crore).

  • Margin at 11.6% versus 11.7% (Estimate: 11.70%).

  • Net profit up 13% at Rs 3,525 crore (Estimate: Rs 3,603.7 crore).

One basis point is one-hundredth of a percentage point.

Stock Market Live Updates: Indian Bank Shares Rally After Q3 Results 

Shares of Indian Bank Ltd. surged over 5% on Wednesday after the lender reported a 35% growth in its net profit in the December quarter.

Indian Bank Q3 Highlight (Cons, YoY)

  • Net profit rises 35% to Rs 2,852 crore versus Rs 2,119 crore

  • Gros NPA at 3.26% versus 3.48 (QoQ)

  • Net NPA at 0.21% versus 0.27% (QoQ)

  • NII rises 10% to Rs 6,415 crore versus Rs 5,814 crore

Click here to track live earnings updates.

Stock Market Live Updates: Ambuja Cement Share Price Declines Profitability Decreases

Ambuja Cement Q3 Highlight (Cons, YoY)

  • Revenue up 4.5% to Rs 8,415.31 crore versus Rs 8,052.42 crore.

  • Net Profit up 157% to Rs 2,115.33 crore versus Rs 824.25 crore.

  • Ebitda down 52% to Rs 798.60 crore versus Rs 1,655.72 crore.

  • Margin at 9.5% versus 20.6%.

For faster earning updates click here.

Stock Market Live Updates: IT Searches IIFL Finance's Office

IIFL Finance has stated that the Income Tax Department conducted a search at the company's offices, and the management is cooperating with officials. The company also mentioned that it cannot ascertain the financial impact at this moment, according to an exchange filing.

Stock Market Live Updates: Maruti Suzuki's Board Nods Merger With Suzuki Motor 

Maruti Suzuki's board has given in-principle approval to merge its arm, Suzuki Motor Gujarat, with the company, according to an exchange filing.

Stock Market Live Updates: KPIT Technologies Share Price Recovers From Initial Reaction To Q3 Results

KPIT Technologies Q3 Highlight (Cons, QoQ)

  • Net profit falls 8.2% Rs 187 crore versus Rs 204 crore.

  • Revenue rises 0.4% to Rs 1,478 crore versus Rs 1,471 crore.

  • EBIT up 3.3% to Rs 254 crore versus Rs 246 crore.

  • Margin at 17.2% versus 16.7%.

For faster earning updates click here.

ITC Hotels' Rs 1,500-Crore Demerger Windfall To Strengthen 'Own Space' Portfolio

The newly listed ITC Hotels Ltd.—the demerged hotels business of ITC Ltd.— eyes expanding its 'own space' portfolio with its Rs 1,500 crore liquidity boost from the demerger with its parent, according to its top executives.

Also Read: ITC Hotels' Rs 1,500-Crore Demerger Windfall To Strengthen 'Own Space' Portfolio

NDTV Profit Exclusive: India Reviews Custom Duty on High-end US Imported Items

  • India Reviews Custom Duty on High-end US Imported Items

  • India May Cut Custom Duty on 7-8 High-End Imported Items

  • Items Such As Specialised Steel, High-end Motorbike, Electronics Items Could See Rate Reduction

  • Announcement Could Be Made in Budget on Feb 1

  • Move if implemented May Not Have Major Impact on domestic industry

Alert: About a 20 Items Attract A Tarrif of Over 100%

Alert: US President Trump Calls India, Brazil & China High-Tarrif countries

Cartrade Share Price Rises As Company Moves Into Profit

Cartrade Q3 Highlight (Cons, YoY)

  • Net profit at Rs 42.7 crore versus loss of Rs 24.2 crore.

  • Revenue rises 27.2% to Rs 176 crore versus Rs 139 crore.

  • Ebitda up 98.1% to Rs 50.1 crore versus Rs 25.3 crore.

  • Margin at 28.4% versus 18.2%.

  • The third quarter of financial year 2024 included one-time loss of Rs 45.6 crore.

Tito's IPO: Goa's Iconic Nightclub Eyes Market Debut With Rs 1,000 Crore Valuation

Tito’s Resorts & Hospitalities, the flagship company of the Goa-based hospitality and nightlife brand, is preparing for an SME IPO debut. The nightclub owner is looking at a valuation of up to Rs 1,000 crore, according to people familiar with the matter.

Also Read: Tito's IPO: Goa's Iconic Nightclub Eyes Market Debut With Rs 1,000 Crore Valuation

Stock Market Live Updates: Lloyds Metals Outperforms Mid-Cap Peers Even As 100% Rally Cools Off

Lloyds Metals and Energy Ltd. has become the top-performer among mid-cap stocks even as its peers are reeling under bearish pressure since the beginning of the market correction in September last year.

Also Read: Stock Of The Day: Lloyds Metals Outperforms Mid-Cap Peers Even As 100% Rally Cools Off

Stock Market Live: Persistent Systems, LTIMindtree Lead Gains As Nifty IT Outperforms Post DeepSeek Selloff

In a strong rebound on Wednesday, the Nifty IT showed signs of recovery after a turbulent session, which saw a dip in technology stocks following the selloff caused by the Chinese AI app DeepSeek. The index rose over 2% and outperformed the Nifty 50, marking a recovery after it had ended 0.57% lower the previous day.

Also Read: Persistent Systems, LTIMindtree Lead Gains As Nifty IT Outperforms Post DeepSeek Selloff

Stock Market Live: Sugar Stocks Advance On News Govt May Hike Ethanol Price 

Sugar producing companies stocks soared in Wednesday's session after Informist reported that the Government of India may hike sugar-based ethanol price by Rs 1–2 per litre.

Stock Market Live: Nomura On Apar Industries

  • Maintains Buy, Revised TP Rs 10,300 vs Rs 11,700 (+43.6%)

  • Pressure on conductor margins impacted 3Q

  • Export demand recovery expected in FY26 for conductor

  • Cut EBITDA estimates by 8% to factor in delayed recovery in exports

  • Expect 25% EPS CAGR over FY25-FY27F on healthy traction in cable segment

TVS Holdings Share Price Gains As Q3 Net Profit Soars

TVS Holdings Ltd. share price rose in Wednesday's session following a rise in net profit. Its consolidated net profit rose 72% on the year to Rs 386 crore compared to Rs 224 crore.

Stock Market Live: JSW Energy Share Price Hits Lowest Since March

JSW Energy share price fell to hit a 10-month-low on Wednesday following weak performance in the quarter ended December. The company reported a net profit decline of 27.4% compared to the same quarter last year.

ITC Hotels Listing: Shares Debut At 30% Discount To Implied Price

Shares of ITC Hotels Ltd. — the demerged hotels business of ITC Ltd. — were listed at a discount of 30.4% on Wednesday at Rs 188 per share on the BSE, against the implied price of Rs 270 per share. On the National Stock Exchange, the shares debuted at a 30.7% discount at Rs 180 per share.

Also Read: ITC Hotels Listing: Shares Debut At 30% Discount To Implied Price

Stock Market Live: L&T Technology Secures Deal Worth $80 Million

L&T Technology Services Ltd. has secured a deal worth $80 million from a US-based manufacturer of industrial products, according to an exchange filing.

Stock Market Today: BHEL Shares Rise After Profit Doubles

Bharat Heavy Electricals Ltd.'s shares rose after the profit surges in the third quarter earnings. The consolidated net profit more than doubled, beating analysts' estimates.

Suzlon Shares Hit Upper Circuit After Strong Q3 Results And Bullish Outlook

Suzlon Energy Ltd. saw a significant rise of nearly 5% in its share price following strong third-quarter earnings and a positive rating upgrade from Nuvama. The brokerage firm upgraded Suzlon’s stock from 'hold' to 'buy', citing robust earnings, a robust order book, and valuation comfort following recent price corrections.

Also Read: Suzlon Energy Gets Nuvama Upgrade After Q3 Earnings, Valuation Comfort — Stock Target Sees 19% Upside

Nifty, Sensex Open Higher As Infosys, ICICI Bank Share Price Rise: Opening Bell

The NSE Nifty 50 and BSE Sensex opened higher for a second day in a row tracking a rise in ICICI Bank Ltd. and Infosys Ltd. share prices. As of 9:17 a.m., the Nifty 50 was 68.50 points or 0.30% higher at 23,025.75, and the Sensex was 281.25 points or 0.37% higher at 76,182.66.

On Tuesday, the benchmark indices had the best session since Jan 2.

"Technically, after a promising start, the market bounced back sharply; however, profit booking was again witnessed at higher levels. On the daily chart, a long-legged doji candlestick structure is formed, indicating indecision between the bulls and the bears. We believe 23,150/76,300 would act as the trend decider level for the bulls. Above 23,150/76600, the market may retest the levels of 23,250/76900 to 23,350/77,200. Conversely, below 22,900/75700, selling pressure is likely to increase, and the market may slip towards 22,750/75,200 levels," said Shrikant Chouhan, head, equity research, Kotak Securities.

Infosys Ltd., ICICI Bank Ltd., HDFC Bank Ltd., Bajaj Auto Ltd., and Tata Consultancy Services Ltd. added to the Nifty 50 index.

Bharat Petroleum Corp, NTPC Ltd., Hindustan Unilever Ltd., HDFC Life Insurance Co., and JSW Steel Ltd. limited gains in the index.

On NSE, 10 sectoral indices rose, and two declined out of 12. The NSE Media rose the most, and the NSE FMCG declined the most.

Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap were up 0.89% and 1.04% higher, respectively.

On BSE, 19 sectors advanced and two declined out of 21. The BSE IT rose the most, and BSE FMCG declined the most.

Market breadth was skewed in favour of buyers. Around 2,162 stocks advanced, 699 stocks declined, and 114 stocks remained unchanged on BSE.

Yield On The 10-Year Bond Opens Flat

The yield on the 10-year bond opened flat at 6.69%. It closed at 6.69% on Tuesday, according to data on Bloomberg.

Stock Market Live: Nifty, Sensex Higher At Pre-Open

At pre-open, the NSE Nifty 50 was 0.30% or 69.30 points higher at 23,026.75, and the BSE Sensex was 0.315 higher at 76,138.24.

Rupee Opens Weaker Against US Dollar

Rupee weakened by 5 paise to open at 86.58 against the US Dollar. It closed at 86.53 on Tuesday, according to data on Bloomberg.

Stock Market Live: Va Tech Wabag Secures Contract In Bahrain

VA TECH WABAG has secured a 7-year contract worth approximately Rs 121 crore for wastewater treatment in Bahrain, according to an exchange filing.

Stock Market Live: Nuvama Upgrades Suzlon Energy To Buy

  • Nuvama Upgrades Suzlon Energy To Buy vs Hold before, revised target at Rs 60 (19% upside)

  • Rating upgraded on valuation comfort and price correction

  • Third saw robust execution of 447 megawatt vs estimate of 360 MW

  • Suzlon Energy's 5.5 GW order book executable over 24 months

  • Remains long-term positive on company, tweak FY25–27 estimates to factor in improved execution

Oil Update: Crude Prices Decline 

Crude oil prices declined in the Asia session. It ended higher on Tuesday as risk-off sentiment rose among investors after White House re-affirmed that US President Donald Trump will impose tariff on Canada and Mexico.

As of 7:51 a.m., brent crude was trading 0.08% down at $77.43 a barrel.

Asia Market Update: Share Indices Rise

Markets in Japan and Australia rose on Wednesday, tracking overnight recovery on Wall Street. Several markets in the region remained closed for Lunar Holiday.

As of 7:26 a.m., the Nikkei 225 was 0.45% up, and the S&P ASX 200 was 0.91% higher.

Also Read: US Stocks Fall On Fed Day As Tech Mixed In Late Hours: Markets Wrap

US Market Update: Markets Rebound From Tech Stock Rout

Markets in the US rebounded from technology stocks rout on Tuesday. Investors now focused on policy outcomes from major central banks, due later this week.

On Tuesday, the Dow Jones Industrial Average and S&P 500 ended 0.31% and 0.92% higher, respectively. The Nasdaq Composite ended 2.03% higher.

Also Read: Stock Buyers Step In To Boost Tech After AI Jolt: Markets Wrap

GIFT Nifty Near 23,000; Colgate-Palmolive, Bajaj Auto, JSW Infra Share Prices In Focus

The GIFT Nifty was trading near 23,000 in early trade on Wednesday. Colgate Palmolive India Ltd., Bajaj Auto Ltd., and JSW Infrastructure Ltd. share prices may react as the companies released their third quarter numbers after market hours the previous day.

As of 6:42 a.m., the GIFT Nifty was trading 0.08%, or 18.50 points, lower at 23,034.00.

The Indian equity benchmark indices closed higher, ending a two-day decline, as bank stocks led gains.

The NSE Nifty 50 ended 146.90 points, or 0.64%, up at 22,976.05, and the 30-stock BSE Sensex ended 535.23 points, or 0.71%, higher at 75,901.41.

Also Read: Stock Market Highlights: Nifty, Sensex Rally To Snap Two-Day Fall; Bajaj Finance, Axis Bank Top Performers

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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