Stock Market Today News Live: Nifty, Sensex At Day's Low As Losses In RIL, HDFC Bank Offset Gains In Infosys, TCS

• Tata Sons Chairman N. Chandrasekaran said artificial intelligence is the biggest opportunity for the IT industry, and that firms can apply it across operations from core processes to customer-facing work.
• He said the Tata Group is building large data-centre capacity in India to support rising compute needs for AI and cloud.
• He said TCS and Tata Communications are working on an AI operating system for industrial use cases to help enterprises deploy AI at scale.

• The NSE Nifty 500 index traded lower.
• The declines were led by GE Vernova, Jindal Saw and Paytm.

• The Sensex fell as much as 163 points, or 0.2%, to 83,570, while the Nifty 50 slipped 0.16% to 25,778.
• Thirteen of 15 NSE sectoral indices traded lower, led by Nifty Realty, down 0.6%.
• Nifty IT bucked the trend and was the top sectoral gainer, up 1.04%.

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• Newgen Software rose as much as 11.4% to Rs 592.25; volume was over 14x its 20-day average.
• Tata Investment Corp rose as much as 11.7% to Rs 719; volume was over 19x its 20-day average.
• Netweb Technologies rose as much as 8.6% to Rs 3,665.95; volume was more than 4x its 20-day average.
• Transformers & Rectifiers rose as much as 5.4% to Rs 316; volume was nearly 5x its 20-day average.
• MRPL rose as much as 4.5% to Rs 198.50; volume was 26% below its 20-day average.

Source: Bloomberg

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• MCX shares rose as much as 3.8% to Rs 243 after the exchange said it will withdraw an additional 3% margin on gold futures and 7% on silver futures from Thursday.
• The withdrawal applies to all contracts and variants linked to gold and silver derivatives.
• MCX gold April futures rose 0.86% to Rs 1,52,715 per 10 grams on Wednesday, while New York gold futures were up 0.89% at $4,921 per ounce.

• Indian benchmarks erased opening gains as losses in Reliance Industries and HDFC Bank offset gains in Infosys and Tata Consultancy Services.
• The Sensex and Nifty were little changed at 83,670 and 25,790, respectively.

 

• Market breadth stayed in favour of buyers on the BSE.
• About 1,583 stocks advanced, while 1,033 shares declined.

• Eight of 15 NSE sectoral indices traded higher, led by the Nifty IT index, up 1.2%.
• The Nifty Realty index was the top sectoral laggard, down 0.3%.

• Indian equity benchmarks opened higher, extending gains to a fourth consecutive session.
• The Sensex rose as much as 245 points to 83,979, while the Nifty 50 gained up to 0.3% to 25,885.30.
• The Nifty 500 rose as much as 0.2%, led by Godfrey Phillips and Netweb Technologies.

 

• The Sensex rose more than 150 points in pre-market trade.
• The Nifty fell below the 25,800 mark during pre-market trade.

• A statement said Mr Gates will not deliver his keynote address at the AI Summit.
• The Gates Foundation will be represented by Ankur Vora, President of Africa and India Offices, who will speak later today at the Summit.

• TCS said Tata Group and OpenAI have entered a partnership to advance AI work, according to an exchange filing.
• The filing said Tata employees will get access to OpenAI’s enterprise offering.
• TCS said the partners plan to build AI infrastructure in India with 100 MW capacity, with an option to scale it up to 1 GW.

• Gold was quoted at Rs 1,56,050 per 10 grams on Thursday, while silver was at Rs 2,43,630 per kg, according to the Bullions website.
• In international markets, spot silver rose $2.06, or 3%, to $75.60 per ounce, and gold rose nearly 1% to $4,918.64 per ounce.
• Analysts cited a firm US dollar and uncertainty around the US Federal Reserve’s policy outlook, while noting safe-haven demand and central bank buying supported prices on dips.

India’s rupee and bond markets are closed today on account of Chatrapati Shivaji Maharaj Jayanti.

• Bandhan Small Cap Fund outperformed 93% of its peer group last year, according to the update.
• The fund has added stocks such as Paytm (One 97 Communications), Info Edge and IndiaMart InterMesh in recent months, its equity CIO said.
• It is overweight financial services and real estate, and has been adding textiles, internet and renewables while trimming metals, the CIO said.

Read the full report here.

• The US Federal Reserve minutes said several officials saw room for more rate cuts if inflation falls as expected, but several warned further cuts could lock in inflation.
• Most participants said progress on disinflation could be slower than anticipated, while a vast majority said the labour market showed signs of stabilising.
• Several officials flagged vulnerabilities in private credit, and most noted downside risks to labour remained.

• West Texas Intermediate hovered near $65 a barrel after rising 4.6% in the previous session, its biggest daily gain since October.
• Brent closed above $70 a barrel for the first time in more than two weeks, as traders priced in higher geopolitical risk.
• The move followed reports that the US could move closer to military involvement in Iran, raising concerns about supply disruptions from the Middle East.

• Hindustan Unilever said its board has approved an investment of about Rs 2,000 crore over the next two years.
• The company said the spending will go towards Beauty & Wellbeing and Home Care.
• HUL said it aims to expand manufacturing capacity in premium categories within these segments.

• Multi Commodity Exchange said it will withdraw an additional 3% margin on gold futures and 7% on silver futures, effective Thursday.
• The change applies to all contracts and variants linked to the two metals.
• MCX gold April futures rose 0.86% to Rs 1,52,715 per 10 grams on Wednesday, while New York gold futures were up 0.89% at $4,921 per ounce.

1. Indian equity benchmarks extended gains for a third consecutive session on Wednesday, led by Reliance Industries and ITC.
2. The BSE Sensex rose nearly 300 points to 83,734.25, while the NSE Nifty 50 ended up 0.4% above 25,800.
3. Broader shares outperformed, with the NSE Nifty 500 Index ahead of the benchmarks and Godfrey Phillips rising 20%.

GIFT Nifty, an early indicator for the Nifty 50, traded at 25,839.

• South Korea’s Kospi touched a fresh record high on Thursday as markets in the region followed gains on Wall Street.
• Australia’s S&P/ASX 200 rose 1.1% in early trade, while Japan’s Nikkei 225 and Topix were higher.
• Hong Kong and mainland China markets remained closed for the Lunar New Year break.