Stock Market News Today Live Updates: GIFT Nifty Points To Gap-Up Open For Nifty, Sensex; Brent Crude Rebounds Near $84 A Barrel
The GIFT Nifty, an early indicator of Nifty 50's performance traded at 24,247.50, compared to Tuesday's index close of 23,987.60.
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The GIFT Nifty, an early indicator of Nifty 50's performance traded at 24,247.50. On Tuesday, Indian equity benchmarks fluctuated between gains and losses to end little changed amid F&O expiry and weak global cues. The Nifty 50 closed at 23,987.60, down 8.35 points or 0.03%, while the Sensex ended at 76,765.92, shedding 69.86 points or 0.09%.
Asian stock markets moved higher on Wednesday as investors looked past renewed tensions in the Middle East to focus on the U.S. Federal Reserve's policy announcement, although a sharp rebound in oil prices kept risk sentiment in check.
South Korea's Kospi rose 2.11%, Japan's Nikkei 225 gained 1.08% and Australia's ASX 200 advanced 1.07%.
Geopolitical risks returned to the forefront after U.S. Central Command said American forces had intercepted an attempted missile strike launched by Iran against U.S. military personnel in the Middle East. CENTCOM said the Islamic Revolutionary Guard Corps fired multiple ballistic missiles in what it described as a surprise attack, adding that all of the projectiles were intercepted before reaching their targets.
The U.S. military later carried out retaliatory strikes against Iran, prompting traders to reassess the risk to global energy supplies. Brent crude climbed more than 4% to around $87.50 a barrel, recovering from its steepest three-day decline since April 2020 as markets reacted to the renewed confrontation.
Attention is now shifting to the Federal Reserve's policy decision, with investors seeking clues on the outlook for interest rates amid higher oil prices and persistent geopolitical uncertainty. A sustained rise in energy costs could complicate the inflation outlook and influence the central bank's policy stance.
Wall Street closed on a mixed note overnight. The Dow Jones Industrial Average rallied more than 500 points, extending gains for a third straight session as investors positioned ahead of the Fed meeting. In contrast, the Nasdaq Composite finished lower for a fifth consecutive day as semiconductor stocks remained under pressure.
U.S. equity futures were little changed during Asian trading. S&P 500 futures edged slightly higher, Nasdaq-100 futures hovered around flat, while Dow Jones Industrial Average futures slipped 38 points, or about 0.1%.
Investors are expected to remain focused on the Fed's policy guidance, developments in the Middle East and movements in crude oil prices, with all three factors likely to shape market sentiment in the near term.
Stock Market Live: PTC India Financial Profit Declines In Q1
PTC India Financial (Q1, Consolidated YoY)
- Total Income down 27.5% to Rs 103 crore versus Rs 142 crore.
- Net Profit down 70.6% to Rs 40 crore versus Rs 136 crore.
Stock Market Live: Brokerages Back L&T After Quarterly Results
CLSA, Jefferies and Citi maintained positive ratings on Larsen & Toubro following its first-quarter earnings. Brokerages highlighted the order inflow, backlog and management's revenue guidance, while noting margins remained broadly resilient.
- Jefferies: Maintain Buy, raise TP to Rs 5,000 from Rs 4,885
- Margins remained intact despite revenue miss.
- FY27 revenue guidance maintained.
- H2 expected to be stronger.
- Stock could recover further if geopolitical tensions ease.
- CLSA: Maintain Outperform, TP Rs 4,842
- Strong Q1 order inflow surprise.
- Europe opportunity and India's capex cycle expand addressable market.
- Current weakness seen as a buying opportunity.
- Calls L&T the most undervalued large-cap industrial.
- Order backlog of $78 billion remains strong.
- Citi: Maintain Buy, TP Rs 4,650
- Resilient Q1 performance.
- Order inflow outlook remains constructive.
- Supply-chain cost pressures seen as manageable.
- Full-year margin guidance maintained.
Stock Market Live: SH Kelkar Reports Higher Q1 Profit
S H Kelkar (Q1, Consolidated YoY)
- Revenue up 13.9% to Rs 662 crore versus Rs 581 crore.
- EBITDA up 17.3% to Rs 88 crore versus Rs 75 crore.
- Margin at 13.3% versus 12.9%.
- Net Profit up 77.3% to Rs 45.4 crore versus Rs 25.6 crore.
- • One-time gain of Rs 30 crore in Q1.
Stock Market Live: AGI Greenpac Names Shashvat Somany Joint MD
AGI Greenpac appointed Shashvat Somany as Joint Managing Director for a five-year term beginning Oct. 1, according to its exchange filing.
Stock Market Live: Brokerages Stay Positive On HUL Despite Target Price Cuts
Brokerages retained positive ratings on Hindustan Unilever after its quarterly results. Goldman Sachs, Citi, Jefferies and Macquarie maintained Buy recommendations, while Morgan Stanley stayed Equal-weight. Most brokerages lowered target prices but said demand trends remain stable and growth should improve.
- Jefferies: Maintain Buy, TP Rs 2,850
- Seven percent share price fall appears excessive given the limited EBITDA miss.
- Weakness in some segments was offset elsewhere.
- Growth and profitability have improved consistently over recent quarters.
- Management commentary was constructive with stable demand and margins.
- Goldman Sachs: Maintain Buy, cut TP to Rs 2,450 from Rs 2,725
- Expects revenue growth to accelerate further in FY27.
- Home Care growth likely to improve as pricing kicks in.
- Encouraged by Beauty & Wellbeing recovery.
- Foods steady while Personal Care remains weak.
- EBITDA margins expected to remain resilient despite input cost inflation.
- Citi: Maintain Buy, cut TP to Rs 2,650 from Rs 2,750
- Growth momentum remains intact.
- FY27 outlook remains constructive.
- Stable demand outlook.
- Improving execution, premiumisation and channel transformation.
- Morgan Stanley: Maintain Equal-weight, TP Rs 2,480
- Management commentary remains optimistic.
- Demand conditions expected to stay stable.
- Inflation has not yet impacted consumption.
- Rural and urban demand remain resilient.
- Monsoon and geopolitical risks remain key monitorables.
- Macquarie: Maintain Outperform, TP Rs 2,860
- Q1 broadly in line; volume growth moderated sequentially.
- Continued weakness in soaps due to inflation remains a concern.
- Positive on stable FMCG demand outlook.
- Premium portfolio continues to outperform.
- Greater clarity on volume recovery is the key near-term trigger.
Stock Market Live: AGI Greenpac Reports Higher Q1 Profit
AGI Greenpac (Q1, Consolidated YoY)
- Revenue up 14.2% to Rs 785 crore versus Rs 688 crore.
- EBITDA up 23.1% to Rs 175 crore versus Rs 142 crore.
- Margin at 22.3% versus 20.7.
- Net Profit up 11.8% to Rs 99.4 crore versus Rs 88.9 crore.
Stock Market Live: VST Industries Reports Decline In Quarterly Earnings
VST Industries (Q1, YoY)
- Net Revenue down 13.5% to Rs 256 crore versus Rs 296 crore.
- EBITDA down 35.5% to Rs 49.7 crore versus Rs 77 crore.
- Margin at 19.4% versus 25.8%.
- Net Profit down 24.4% to Rs 42.4 crore versus Rs 56.1 crore.
Stock Market Live: Birlasoft Reports Lower Sequential Profit
Birlasoft (Q1, Consolidated QoQ)
- Revenue up 2.3% to Rs 1,379 crore versus Rs 1,349 crore.
- EBIT down 11.5% to Rs 204 crore versus Rs 230 crore.
- EBIT Margin at 14.8% versus 17%.
- Net profit down 8.5% to Rs 161 crore versus Rs 176 crore.
Stock Market Live: DCM Shriram Reports Sharp Rise In Quarterly Profit
DCM Shriram (Q1, Consolidated YoY)
- Revenue up 9.3% to Rs 3,565 crore versus Rs 3,262 crore.
- EBITDA up 10.9% to Rs 336 crore versus Rs 303 crore.
- Margin at 9.4% versus 9.3%.
- Net profit at Rs 693 crore versus Rs 113 crore.
Stock Market Live: Phoenix Mills Reports Growth In Q1 Profit
Phoenix Mills (Q1, Consolidated YoY)
- Revenue up 12.8% to Rs 1,075 crore versus Rs 953 crore.
- EBITDA up 13.5% to Rs 641 crore versus Rs 565 crore.
- Margin at 59.6% versus 59.2%.
- Net profit up 23.2% to Rs 297 crore versus Rs 241 crore.
Stock Market Live: Tata Capital Reports Higher First-Quarter Profit
Tata Capital (Q1, Consolidated YoY)
- Total Income up 15% to Rs 8,825 crore versus Rs 7,692 crore.
- Net profit up 56.3% to Rs 1,547 crore versus Rs 990 crore.
Stock Market Live: Paradeep Phosphates Reports Higher Quarterly Profit
Paradeep Phosphates (Q1, Consolidated YoY)
- Revenue up 36% to Rs 6,124 crore versus Rs 4,504 crore.
- EBITDA up 24% to Rs 721 crore versus Rs 581 crore.
- Margin at 11.8% versus 12.9%.
- Net profit up 23.8% to Rs 393 crore versus Rs 317 crore.
• Board approved setting up a 15,000 MTPA Aluminium Fluoride manufacturing plant at Paradeep with an estimated investment of Rs 250 crore.
Stock Market Live: L&T Approves Merger Of Power Development Arm
Larsen & Toubro's board approved the merger of wholly owned subsidiary L&T Power Development Ltd. with the company. The proposal is subject to regulatory and statutory approvals.
Stock Market Live: L&T Reports Higher Quarterly Profit
Larsen & Toubro (Q1, Consolidated YoY)
- Revenue up 6.7% to Rs 67,942 crore versus Rs 63,679 crore.
- EBITDA down 3.2% to Rs 6,117 crore versus Rs 6,318 crore.
- Margin at 9% versus 9.9%.
- Net profit up 14% to Rs 4,123 crore versus Rs 3,617 crore.
• Order book as on June 30 at Rs 7.79 lakh crore.
• Order inflow up 14% to Rs 1.08 lakh crore YoY.
Stock Market Live: Investors Await US Fed Policy Guidance
- Investors will track the US Federal Reserve’s policy decision for signals on interest rates amid higher crude oil prices and geopolitical uncertainty.
- A sustained rise in energy costs could affect the inflation outlook and the central bank’s policy stance. Middle East developments and crude oil prices will also remain in focus.
Stock Market Live: US Equity Futures Trade Flat
S&P 500 futures edged higher, while Nasdaq-100 futures traded little changed during Asian hours. Dow futures fell 38 points, or about 0.1%.
Stock Market Live: Dow Rises Over 500 Points, Nasdaq Falls For Fifth Day
- The Dow Jones Industrial Average gained more than 500 points and advanced for a third straight session ahead of the US Federal Reserve’s policy decision.
- The Nasdaq Composite fell for a fifth consecutive session as semiconductor stocks remained under pressure.
Stock Market Live: Brent Crude Rises Over 4% To $87.50
Brent crude rose more than 4% to around $87.50 per barrel as markets reacted to renewed tensions in the Middle East. Oil recovered after its steepest three-day decline since April 2020.
Stock Market Live: US Strikes Iran After Missile Attack Is Intercepted
- US Central Command said American forces intercepted multiple ballistic missiles launched by Iran at US military personnel in the Middle East. The US military later carried out retaliatory strikes against Iran.
- The developments led traders to reassess risks to global energy supplies.
Stock Market Live: Asian Markets Rise Ahead Of US Fed Decision
- South Korea’s Kospi rose 2.11%, while Japan’s Nikkei 225 gained 1.08%. Australia’s ASX 200 advanced 1.07%.
- Investors focused on the US Federal Reserve’s policy announcement, while renewed Middle East tensions and a rebound in oil prices remained in focus.
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