US Index Futures Mixed
As of 3:40 p.m., benchmark US index futures were trading mixed. The contracts for S&P 500 and Dow Jones Industrial Average were down 0.04% each. The Nasdaq 100 futures traded 0.11% higher.
Rupee Vs Dollar: INR Close Flat
Rupee closed flat at 86.89 against the US Dollar. It closed at 86.89 on Wednesday.
Source: Bloomberg
Live: Nifty, Sensex End Lower For Seventh Day
Nifty, Sensex extend declines to the seventh day amid volatile session
Nifty ends 0.06% lower at 23,031.4
Sensex ends 0.04% lower at 76,138.91
Infosys, HDFC Bank and L&T dragged Nifty the most
Nifty Midcap 150 ended 0.16% higher for the day, led by Muthoot finance, SBI Cards and Godrej Properties.
Nifty Smallcap 250 ended 0.35% lower for the day, dragged by Natco Pharma, Godfrey Phillips and Aegis Logistics.
Nifty Pharma top sectoral gainer for the day, led by IPCA Labs, JB Chemicals and Pharma and Sun Pharma.
Grindwell Norton Share Price Down After Q3 Result
Q3 Earnings Highlights: Grindwell Norton (Cons, YoY)
Revenue up 6.5% at Rs 703 crore versus Rs 660 crore.
Ebitda down 3.4% at Rs 123 crore versus Rs 128 crore.
Margin at 17.6% versus 19.4%.
Net Profit down 5.8% at Rs 86.8 crore versus Rs 92.2 crore.
Vipul Organics Share Price Up After Q3 Results
Vipul Organics (Consolidated, YoY)
Revenues up 10.4% Rs 41 crore
Net profit up 81% at Rs 1.4 crore
West Coast Paper Share Price Down After Q3 Results
West Coast Paper (Consolidated, YoY)
Revenue: Down 2.8% to Rs 1,016 crore vs. Rs 1,045 crore.
Net Profit: Down 52.8% to Rs 64.2 crore vs. Rs 136 crore.
Margin: 8% vs. 20.8%
EBITDA: Down 62.5% to Rs 81.6 crore vs. Rs 218 crore
DCW Share Price Up After Q3 Results
DCW Q3 Results (Consolidated, YoY)
Net Profit: Rs 13.4 crore vs. a loss of Rs 12.3 crore
Revenue: Up 19% to Rs 474 crore vs. Rs 398 crore
EBITDA: Rs 57 crore vs. Rs 19.4 crore
Margin: 12% vs. 4.9%
Nifty Today Live: Infosys, HDFC Bank Drag
Stock Market Live: Nifty, Sensex Swing To Losses
The Nifty and Sensex gave up intraday gains to potentially extend their losses to the seventh day. The Nifty 50 is still keeping above the important support level of 23,000 on its weekly futures expiry day, while the Sensex is down nearly 100 points to just above 76,000.
Nirmala Sitharaman Tables New Income Tax Bill
Finance Minister Nirmala Sitharaman has tabled the New Income Tax Bill in the Lok Sabha.
Nifty Today Live: Sun Pharma, Bajaj Finance Adds Most To Benchmark
Stock Market Live: Lloyds Engineering Shares Rise Over 4%
The shares of Lloyds Engineering rises over 4% after its profit rose 24.4% to Rs 33.7 crore.
Q3 Earnings Highlights: Lloyds Engineering (Cons, YoY)
Revenue up 14% at Rs 230 crore versus Rs 201 crore.
Net Profit up 24.4% at Rs 33.7 crore versus Rs 27.1 crore.
Ebitda up 10% at Rs 39.3 crore versus Rs 35.7 crore.
Margin at 17% versus 17.7%.
Stock Market Live: Harsha Engineers Shares Flat After Q3 Results
The shares of Harsha Engineers were trading 0.46% higher after its third quarter results.
Q3 Earnings Highlights: Harsha Engineering (Cons, YoY)
Net Profit down 10% at Rs 26.7 crore versus Rs 29.7 crore.
Revenue up 4.5% at Rs 339 crore versus Rs 324 crore.
Ebitda up 7.6% at Rs 42.8 crore versus Rs 39.8 crore.
Margin at 12.6% versus 12.3%.
Get live earnings update here.
Stock Market Live: IPCA Labs Shares Rise Over 4%
The shares of IPCA Labs rose over 4% after it reported a 39% advance in net profit in the third quarter of this fiscal.
Q3 Earnings Highlights: IPCA Labs (Cons, YoY)
Revenue up 9.4% at Rs 2,245 crore versus Rs 2,053 crore.
Ebitda up 40% at Rs 463 crore versus Rs 331 crore.
Margin at 20.6% versus 16.1%.
Net Profit up 39% at Rs 248 crore versus Rs 180 crore.
Stock Market Live: Venus Pipes Share Price Today
The shares of Venus Pipes pare gains after the shares rose nearly 5% post its third quarter results.
Q3 Earnings Highlights: Venus Pipes (Cons, YoY)
Revenue up 11.7% at Rs 231 crore versus Rs 207 crore.
Ebitda down 4.6% at Rs 37.1 crore versus Rs 38.9 crore.
Ebitda Margin at 16% versus 18.8%.
Net Profit down 22.8% at Rs 17.9 crore versus Rs 23.2 crore.
Adani Green Withdraws From Sri Lanka Wind Project
Adani Green Energy said it is withdrawing its bid to develop 484 MW wind project at Mannar and Pooneryn in Sri Lanka, along with its associated transmission system.
The company had received all approvals from the government and spent about $5 million on the predevelopment activities.
Howeever, after the Sri Lankan cabinet appointed the negotiations committee and project committee to renegotiate the project proposal, Adani Green has decided to quit the project.
(Source: Exchange filing)
HPCL Share Price: Large Trade
Hindustan Petroleum Corp has over 19 lakh shares traded in a block deal.
Source: Bloomberg
Stock Market Live: Midday Market Update
Nifty 50 up 0.77%; intraday high 0.8%
Sensex up 0.75%; intraday high 0.78%
Nifty Bank up 0.6%; intraday high 0.7%
Nifty Midcap 150 up 1.34%; intraday high 1.4%
Nifty Smallcap 250 up 0.8%; intraday high 1.1%
Nifty Metal, Nifty Pharma lead sectoral gains
Nifty IT sole sectoral loser
Top Nifty Gainers: Tata Steel, Bajaj Finance, Bajaj Finserv
Top Nifty losers: Adani Enterprises, Infosys, Her MotoCorp
M&M Finance Share Price Trades Higher After Fundraise Plan
M&M Finance will raise up to Rs 3,000 crore via rights issue.
Source: Exchange Filing
Stock Market Live: RBI Governor Meeting With Select NBFCs and MFIs Today
The RBI Governor Sanjay Malhotra meeting with select NBFCs and micro finance institutions today. The meeting will focus on industry issues.
Malhotra had previously met with bank MD and CEOs as part of regular industry consultation by the regulator.
(Sources to NDTV Profit)
Tata Motors Unveils Open Collaboration 2.0
Tata Motors unveiled Open Collaboration 2.0 to turbocharge the next wave of EV adoption in India. Shailesh Chandra, managing director of Tata Motors EV, said India today has 18,000 public chargers and 1.5 lakh home EV chargers but needs four lakh EV chargers by 2027 to meet EV penetration goals.
Chief Strategy Officer Balaje Rajan said Tata Motors is incubating the entire EV ecosystem in India and leveraging group synergies to build EV ecosystem.
Tata Motors aims to set up four lakh charging points across India, including 30,000 public charging stations.
Tata Motors share price movement.
Tata Motors share price movement.
Stock Market Live: Most Adani Stocks Trade Higher
Adani Green Energy was the top gainer within the group, rising over 2%. Ambuja Cement, Sangji Industries, Adani Energy Solutions and Adani Total Gas were other prominent gainers.
The flagship Adani Enterprises was trading lower.
IPO News: Hexaware Technologies Day 2 Subscription Muted
The Hexaware Technologies IPO has been subscribed 4% as of 11:00 a.m.
Qualified institutional buyers: 4%
Non-institutional investors: 2%
Retail investors: 5%
Employee reserve: 13%
The grey market premium of the Hexaware Technologies IPO was Rs 3 as of 10:17 p.m. on Feb. 13, according to InvestorGain. This implied shares of the company will likely list at Rs 711 apiece, indicating a 0.42% premium to the upper end of the price band.
It should be noted that GMP or grey market price is not an official price quote for the stock and is based on speculation.
Nifty Today Live: Sectors Powering Thursday's Rebound After Six-Day Selloff
Stock Market Live: Nifty Pharma, Nifty Metal Lead Gains
Most sectoral indices on the NSE advanced on Thursday. The Nifty Pharma was the top gainer, followed by Nifty Metal, Nifty Realty, Nifty Finance and Nifty Energy all adding over 1%.
Stock Market Live: Quant MF CEO Cautious About Midcaps
Sandeep Tandon, founder and CEO of Quant Mutual Fund, shared his perspective on the current market, noting that "most admired stocks" are currently trading in "neglected zones." He remains cautious about the midcap space but is selectively buying within small-caps.
Tandon believes that the market has completed 60% of a risk-off environment, with 40% still remaining. He also emphasized that the shift from small and midcaps to largecaps is a gradual process.
He also said currency markets will give a better cue for equity markets than anything else. "Till the time currency stabilises, FIIs will not turn buyers so easily. Have seen some early signs of exhaustion in FII selling. Will not pre-empt when FII selling will be exhausted."
Rupee Vs Dollar Live: More Losses For Local Currency
The Indian rupee's recent significant single-day gain, its largest in nearly two years, surprised traders. However, this appreciation is likely to be temporary due to anticipated monetary easing and increased global volatility.
DBS Bank forecasts the rupee weakening to 88.8 per dollar by mid-2025, and IDFC First Bank predicts a decline to 89.50 by December. This volatility contrasts with the rupee's stability over the past two years and is testing the new central bank chief's approach to managing exchange rate fluctuations.
The Reserve Bank of India reportedly intervened to curb speculation this week, with estimates of their intervention reaching $11 billion over two days. Nevertheless, analysts believe the central bank's support will be limited as it prioritizes policy easing and boosting liquidity.
(Source: Bloomberg)
Stock Market Live: Godrej Industries, Mamaearth, Natco Pharma, Bharat Forge, PNG Shares React Post Q3 Results
Shares of Godrej Industries, Honasa Consumers, Natco Pharma and Bharat Forge are in focus on Thursday after the companies announced their third quarter results.
Mamaearth's parent company's shares rose the most, while Natco Pharma fell the most, among the companies that announced their results for quarter ended Dec. 31, 2024.
Nifty Today Live: 23,100 Level Taken Out, Sensex Gains 400 Points
The Nifty gained 0.5% to regain the 23,100 level, while the Sensex added 400 points to surge above 76,500.
SBI Cards Share Price Up 5% After Upgrade
SBI Cards and Payment Services received a target and rating hike from Macquarie Research, citing that the "tide may be turning" with falling costs and easing liquidity.
The brokerage upgraded the stock to 'outperform' from 'neutral' and hiked the target to Rs 1,000 per share from Rs 735 apiece, implying an upside of 22.5% from the previous close.
Channel checks indicate credit card slippages are plateauing and expect credit costs to start declining materially in the next two quarters, analysts at Macquarie said in a note. "While we can't predict when it will come down meaningfully, this we believe is the first comfort factor."
The stock jumped 5% to hit a 52-week high of Rs 857.8.
Read full story here.
Bharat Forge Share Price Live: Hits Over One-Year Low
Bharat Forge Ltd. share price declined to the lowest level in over one year as the company disappointed the street with weaker than expected performance during October – December. Its third-quarter consolidated net profit fell 16.14% on the year to Rs 213 crore compared to Rs 303 crore estimated by analysts in a Bloomberg's consensus estimates.
Amit Kalyani, vice chairman and joint managing director told NDTV Profit that automotive numbers lower than even their own expectations, though he expressed satisfaction with industrial segment performance.
He attributed lower automotive orders to the quarter being near the end of the financial year. The company anticipate FY25 to be flat from a market perspective, with growth driven by the industrial side of the business.
Kalyani expressed dissatisfaction with the performance of their European subsidiaries and plans to develop a concrete plan for these operations within the next six months.
Stock Market Live: Nifty Scales 23,100, Sensex Gains 200 Points
The Nifty and Sensex both rose over 0.3%, The Nifty has regained 23,100 while the Sensex has added over 200 points.
ICICI Bank Share Price Trades Higher
ICICI Bank stock rose after the lender said it will retain its majority stake in ICICI Prudential AMC. The JV partner Prudential PLC plans to list its AMC unit.
ICICI Bank rose as much as 0.66% to Rs 1,260, going above 200-day daily moving average.
Stock Market Live: NTPC Green Share Price Jumps
NTPC Green Energy share price gained over 2% after the company's joint venture with ONGC announced it will acquire Ayana Renewable Power for an enterprise value of Rs 19,500 crore.
Ayana, a leading player in the renewable energy sector, has 4.1 GW operational and under-construction assets with a development pipeline of 1 GW. A majority of Ayana’s portfolio is strategically located in resource rich states and are contracted with high credit rated off-takers such as SECI, NTPC, GUVNL, Indian Railways, among others.
Kotak Mahindra Bank Share Price Live: Stock Up 2%
Kotak Mahindra Bank share price gained over 2% to a 52-week high of Rs 1,987.7 after the RBI lifted its ban on the lender, allowing it to issue new credit cards and onboard new customers through online and mobile banking channels.
The central bank had asked the private lender to cease and desist the services in April last year. It had concerns in the bank’s IT examination for 2022 and 2023 and continued failure on part of the bank to address them in a comprehensive and timely manner.
Stock Market Live: Nifty Opens Above 23,000, Sensex Gains 180 Points
The Nifty and Sensex opened higher on Thursday. The Nifty gained 0.3% to regain the 23,000 level, while the Sensex added 0.28% to surge above 76,300.
Bond Market Live: Yield Flat
The yield on the 10-year bond opened flat at 6.71%. It closed at 6.70% on Wednesday.
Source: Bloomberg
Lemon Tree, Chalet Hotels Share Price: Macquarie Begins Coverage
Macquarie began coverage on Lemon Tree Hotels Ltd., Chalet Hotels Ltd., and Indian Hotels Co. The brokerage rated the first two hotels 'outperform', while it rated Indian Hotels 'neutral'.
Hospitality and real-estate businesses are in growth mode. Macro and structural tailwinds of increasing business and leisure travel against room-supply shortages will provide pricing power to hotel businesses in India, the brokerage said. It expects the industry to witness 13% growth rate.
Recently announced income tax cuts and the Government of India's push for tourism will further benefit hotel businesses, it said.
Read full report here.
Rupee Vs Dollar Live: Strong Open
The rupee strengthened by 9 paise to open at 86.80 against the US Dollar. It closed at 86.89 on Wednesday.
The rupee is likely to trade a 86.70-87 range with a strengthening bias, according to analysts at India Forex And Asset Management Pvt Ltd. (IFA Global).
One-year forward yield ended at 2.21%, while three-month ATMF implied volatility spiked 13 basis points to 4.08%, it noted.
Stocks To Buy Today: Ashok Leyland, BSE, Bharti Airtel, Alkem Laboratories, SRF
Analysts have advised investors to buy Ashok Leyland Ltd., BSE Ltd. and Alkem Laboratories Ltd. among other stocks on Thursday.
Ashok Leyland: Buy at Rs 218, with a target of Rs 247 and a stop loss of Rs 197.
BSE: Buy at Rs 5,339, with a target of Rs 5,540 and a stop loss of Rs 5,225.
Alkem: Buy at Rs 4,700, with a target of Rs 4,935 and a stop loss of Rs 4,547.
Bharti Airtel: Buy at Rs 1,711, with a target of Rs 1,785 and a stop loss of Rs 1,675.
Stock Recommendations Today: HAL, Kotak Mahindra Bank, Ashok Leyland, Bharat Forge
Hindustan Aeronautics Ltd., Kotak Mahindra Bank Ltd. and Ashok Leyland Ltd. were among the top companies on brokerages' radar on Thursday.
Further, BofA projected headline inflation at 4.8% for financial year 2025, slowing to 4.1% in financial year 2026.
In addition, BofA and Morgan Stanley have hiked the target price for Ashok Leyland while cutting the target price for Bharat Forge.
Here are the analyst calls to keep an eye out for on Thursday.
Nifty Today Live: Immediate Support At 22,970 Level
The NSE Nifty 50 may find immediate support at 22,970 level on the downside, according to Aakash Shah, technical research analyst at Choice Equity Broking Pvt.
A breakdown below this mark could lead to further declines towards 22,775 and 22,500, "reinforcing a cautious outlook as Nifty struggles to hold critical support levels", he said.
On other hand, the index faces key resistance at 23,180, and a decisive breakout above this level could drive further gains towards 23,350 and 23,500, the analyst added.
Hrishikesh Yedve, assistant vice president of technical and derivatives research at Asit C. Mehta Investment Intermediates Ltd., recommended a "buy-on-dips" strategy, as long as the index holds 22,780 level.
Read more here.
Crude Check: Oil Prices Down, Below $75
International benchmark Brent crude dropped below $75 per barrel after falling 2.4% on Wednesday. Oil extended losses after US President Donald Trump and his counterpart Vladimir Putin agreed to talks on ending the war in Ukraine.
Stock Market Live: F&O Cues
The Nifty February futures were down 0.09% to 23,153 at a premium of 78 points, with the open interest up by 1.92%.
The open interest distribution for the Nifty 50 Feb. 13 expiry series indicated most activity at 24,000 call strikes, with the 22,500 put strikes having maximum open interest.
Stocks Market Live: Kotak Mahindra Bank, Bharat Forge, RIL, Tata Power, Rites In Focus
Kotak Mahindra Bank: The Reserve Bank of India has communicated its decision to lift restrictions placed on the bank.
Bharat Forge: The company will partner with Liebherr to set up a manufacturing unit to address global aerospace industry demand.
NTPC Green Energy: ONGC and NTPC Green JV acquired Ayana Renewable Power for an enterprise value of Rs 19,500 crore.
Reliance Industries: The company has incorporated its arm in Singapore to set up a global capability centre to consolidate R&D operations. It will make an investment of $100,000 towards the initial subscription of shares.
Tata Power: The company's arm will partner with ONGC to explore joint opportunities in battery energy storage.
ICICI Bank: The company will retain its majority stake in ICICI Prudential AMC. The JV partner Prudential PLC plans to list its AMC unit.
Rites: The company has signed a memorandum of understanding with the Centre for Development of Advanced Computing to partner on IT solutions for consultancy works.
Stock Market Live: GIFT Nifty Trades Above 23,100
The GIFT Nifty was trading above 23,100 early on Thursday, ahead of the stock market opening. The futures contract based on the benchmark Nifty 50 rose 0.25% or 57 points to 23,135 as of 7:30 a.m., indicating a likely higher start for the NSE index.
The Indian equity benchmark indices closed lower for the sixth day in a row. The NSE Nifty 50 ended 26.55 points, or 0.12% lower at 23,045.25, and the 30-stock BSE Sensex ended 122.52 points, or 0.16% down at 76,249.54.
RECOMMENDED FOR YOU
Stock Market Today: Sensex Ends Nearly 300 Points Lower, Nifty Slips 0.4% As Bank, Financial Stocks Weigh
Jul 02, 2025
Stock Market Today: Benchmarks Settle With Best Weekly Gains In Over A Month; Nifty Bank Ends At Record High
Jun 27, 2025
Stock Market Today: Nifty, Sensex Settle In Red Despite Sharp Reversal From Intraday Lows
Jun 23, 2025
Stock Market Today: Sensex Recoups Nearly 700 Points; Nifty Ends Nearly 1% Higher As HDFC Bank Leads
Jun 16, 2025
POPULAR