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Indian equity benchmarks declined at the opening trade. The BSE Sensex fell over 150 points and the NSE Nifty 50 traded below 25,750. The Indian rupee weakened for second consecutive trading session. The local currency depreciated as much as 0.1% to 90.52 against the dollarThe Nifty rose 0.23% on Wednesday, up 60.05 points, while the benchmark trailed the broader market. The Nifty Midcap 150 and Nifty Smallcap 250 both ended in the green, up more than 0.5%. Eternal and Trent led gains in the Nifty 50, rising more than 5%. The Nifty 50 advance-decline ratio stood at 38:12.
In the Nifty Midcap 150, Lloyds Metal and IDBI Bank led gains. Lloyds Metal rose 10%, while IDBI Bank gained more than 6%.
All sectors ended higher except Nifty Pharma and Nifty IT. Nifty IT led declines on Anthropic AI concerns. All Nifty IT stocks closed lower, with Infosys and TCS down more than 7% each. Nifty IT logged its biggest single-day fall in six years. Nifty Oil and Gas led sector gains, rising more than 2% for the day. Oil India and ONGC led the index, both up 3.5%. Nifty Pharma ended a two-day rising run. Nifty FMCG, Nifty Bank, Financial Services, Nifty PSU Bank, Realty, Auto, Media, Metal and Oil and Gas rose for a third straight day.
Stock Market Live: HAL Shares Extends Decline, Stock Falls 4%
Shares of Hindustan Aeronautics extended declines for the second consecutive trading session. The stock fell as much as 4.3% to Rs 4,036.
HAL share price was in focus after it said it has not received any official communication on the AMCA programme.
Stock Market Live: Sensex Falls Over 150 Points At Open
- Sensex fell 150 points to 83,663
- Nifty fell 0.1% to 25,741
- Hindalco and Airtel were top losers on the benchmark
- On the flipside, HDFC Bank and HUL were the top gainers
Market Live: Rupee Weakens For Second Day
The Indian rupee weakened for second consecutive trading session. The local currency depreciated as much as 0.1% to 90.52 against the dollar
Stock Market Live: Bharat Forge Shares In Focus
January ACT Class 8 orders stood at 30800 units, up 20% from the year-ago period.
Q3 Results Live: Welspun Enterprises Profit slumps 66%, Revenue Declines
Key Results Highlights (Q3, Consolidated, YoY)
- Revenue down 12.19% at Rs 786.95 crore versus Rs 896.12 crore.
- Ebitda down 2.09% at Rs 154.14 crore versus Rs 157.44 crore.
- Ebitda margin up 201 bps at 19.58% versus 17.56%.
- Net profit down 66.4% at Rs 24.02 crore versus Rs 71.49 crore.
Stock Market Live: Commodity Check
- Oil prices fell for the first time in three sessions, easing the near-term risk of military action against the OPEC member.
- Brent slipped towards $68 a barrel after rising 4.8% over the past two days. West Texas Intermediate traded near $64 a barrel.
Source: Bloomberg
Stock Market Live: Gold Reclaims $5,000; Silver Tops $90
- Gold rose above $5,000 an ounce in early trade after buyers stepped in following a sharp drop from its record. Spot gold gained as much as 1.2%, extending a partial recovery from the past two sessions after the sell-off.
- Gold ended Wednesday about 11% below its Jan. 29 record, but it is still up 15% so far this year. Silver also rose and moved above $90 an ounce.
Source: Bloomberg.
Q3 Results Live: Trent Shares In Focus After Q3 Profit Rises 36%, Margin Expands
- Revenue up 15.98% at Rs 5259.46 crore versus Rs 4534.71 crore.
- Ebitda up 27.31% at Rs 1073.35 crore versus Rs 843.04 crore.
- Ebitda margin up 181 bps at 20.4% versus 18.59%.
- Net profit up 36.3% at Rs 639.71 crore versus Rs 469.33 crore.
Stock Market Live: Gold Reclaims $5,000; Silver Tops $90
- Gold rose above $5,000 an ounce in early trade after buyers stepped in following a sharp drop from its record. Spot gold gained as much as 1.2%, extending a partial recovery from the past two sessions after the sell-off.
- Gold ended Wednesday about 11% below its Jan. 29 record, but it is still up 15% so far this year. Silver also rose and moved above $90 an ounce.
Source: Bloomberg.
Q3 Results Live: Cummins India Shares In Focus After Q3 Profit Rises, Margin Expands
Cummins India Q3 (Standalone, YoY)
- Revenue down 1.33% at Rs 3055 crore versus Rs 3096 crore.
- Ebitda up 4.02% at Rs 634.55 crore versus Rs 609.98 crore.
- Ebitda margin up 106 bps at 20.77% versus 19.7%.
- Net profit down 11.84% at Rs 453.1 crore versus Rs 514 crore.
Q3 Results Live: Tata Power Shares In Focus
Key Results Highlights (Q3, Consolidated, YoY)
- Revenue down 9.38% at Rs 13948.41 crore versus Rs 15391.06 crore.
- Ebitda down 8.87% at Rs 3054.91 crore versus Rs 3352.6 crore.
- Ebitda margin up 11 bps at 21.9% versus 21.78%.
- Net profit down 25.1% at Rs 771.98 crore versus Rs 1030.7 crore.
Stock Market Live: HAL shares in focus after AMCA clarification
Hindustan Aeronautics Ltd. is in focus after it said it has not received any official communication on the AMCA programme.
Stock Market Live: F&O Snapshot
- Nifty February futures rose 0.05% to 25,830.00, trading at a 54-point premium.
- In Nifty options for the Feb. 10 expiry, the highest call open interest stood at 27,000, while the highest put open interest was at 25,000.
- Securities in ban period: SAMMAANCAP
Stock Market Live: Asian Markets Snapshot
Futures edge up; Asian equities mixed in early trade
- S&P 500 futures rose 0.3% as of 10:22 a.m. Tokyo time.
- Japan’s Topix gained 0.5%, while Australia’s S&P/ASX 200 fell 0.2%.
- Hong Kong’s Hang Seng slipped 0.8%, while the Shanghai Composite rose 0.8%.
- Euro Stoxx 50 futures were little changed.
Source: Bloomberg
Stock Market Live: GIFT Nifty Hints At Muted Open
The GIFT Nifty, an early indicator of Nifty's performance, traded little changed at 25,866.50 as of 6:50 a.m.