Stock Market Live Updates: GIFT Nifty Suggests Negative Open Ahead Of MPC Decision; Airtel, Mazagon Dock, Nykaa Shares In Focus

Hero MotoCorp Q3 (Cons, YoY)

• Revenue up 21.7% at Rs 12,487 crore versus Rs 10,260 crore
• EBITDA up 22.5% at Rs 1,846 crore versus Rs 1,508 crore
• EBITDA Margin up 10 bps at 14.8% versus 14.7%
• Net Profit up 14.4% at Rs 1,268 crore versus Rs 1,108 crore

• Nifty Feb futures is down 0.50% to 25,720.00 at a premium of 77 points.
• Nifty Options 10th Feb Expiry: Maximum Call open interest at 27,000 and Maximum Put open interest at 25,000.   

• Sri Lotus Developers: 6 months share lock in, 79 mn lock in shares,16% of total outstanding shares
• Shanti Gold Int: 6 months share lock in, 0.02 mn lock in shares, 0.02% of total outstanding shares
• M & B Engineering: 6 months share lock in, 2 mn lock in shares, 3% of total outstanding shares   
• Laxmi India Finance: 6 months share lock in, 25 mn lock in shares, 48% of total outstanding shares
• Dr. Agarwal's Healthcare:1 yr share lock in, 36 mn lock in shares, 12% of total outstanding shares

Minda Corp said on Thursday that it appointed Ajay Agarwal as the CFO.

India's benchmark indices, Nifty and Sensex, ended lower on Thursday, ending three days of advances. The Nifty 50 ended 133 points or 0.5% lower at 25.642 and the BSE Sensex tanked 506 points or 0.6% at 83,311. The broader market showed mixed performance with the Nifty Midcap 150 down 0.3% and Nifty Smallcap 250 down 1%.

Tata Motors PV Q3 (Cons, YoY)

• Revenue down 25.8% at Rs 70,108 crore versus Rs 94,472 crore
• EBITDA down 91.0% at Rs 941 crore versus Rs 10,417 crore
• EBITDA Margin down 970 bps at 1.3% versus 11.0%
• Net Loss at Rs 3,486 crore versus Profit of Rs 5,406 crore
   

Nykaa Q3 Results (Consolidated, YoY)

• Revenue up 26.7% at Rs 2,873 crore versus Rs 2,267 crore
• EBITDA up 63.2% at Rs 230 crore versus Rs 141 crore
• EBITDA Margin up 180 bps at 8.0% versus 6.2%
• Net Profit up 142.5% at Rs 63.3 crore versus Rs 26.1 crore

• Asian markets moved lower after Wall Street gauges declined,
• US futures down in early Tokyo trade. S&P 500 futures fell 0.5% as of 10:02 a.m. Tokyo time.
• Euro Stoxx 50 futures slipped 0.4%.
• Hang Seng futures dropped 1.4% and Nikkei 225 futures (OSE) fell 0.7%.
• Japan’s Topix was little changed, and Australia’s S&P/ASX 200 fell 1.7%.

Wall Street benchmarks fell, and the Nasdaq 100 logged its steepest three-day drop since the sell-off in April.

Oil prices fell again as investors looked to planned Iran-US talks due later on Friday, which eased near-term worries about conflict and supply disruption.

Brent traded near $67 a barrel after sliding 2.8% on Thursday. West Texas Intermediate held below $63.

Futures dropped after US President Donald Trump said Iran was in talks. Prices later recovered some ground after Saudi Arabia cut prices for Asian buyers by less than expected, which traders took as a sign of steady demand.

Source: Bloomberg
 

• Consensus view: Most economists expect the RBI to hold the repo rate at 5.25% in today’s policy decision, according to a Bloomberg survey.
• Poll numbers: 34 of 39 economists see no change in rates, while five expect a 25-basis-point cut.
• Policy backdrop: Today’s decision comes days after the Union Budget and after India signed a trade deal with the United States on Monday, lowering US tariffs on Indian goods to 18% from 25%, with zero tariffs on select products.
• Inflation context: Headline CPI has averaged around 1.7% so far this financial year, remaining well within the RBI’s 2%–6% tolerance band.
• Inflation outlook: The RBI projected inflation at 2.0% in Q3 FY26, 2.9% in Q4 FY26, and 3.9% in Q1 FY27 in its December policy, indicating a gradual rise from recent lows.
• Forecast change: The December inflation path was steeper than the October projection, as the central bank factored in fading base effects.
• Growth signal: In December, the RBI projected FY26 GDP growth at 7.3%, trimming its second-half outlook slightly from October due to global trade uncertainty.
• Demand support: Policymakers continue to flag domestic demand as the key growth driver, even as high-frequency indicators remain mixed.
• Transmission constraint: Economists say monetary transmission remains weak despite 125 basis points of rate cuts since February 2025.
• Liquidity actions so far: The RBI has injected liquidity via a Rs 2.5 lakh crore CRR cut, Rs 6.95 lakh crore in OMOs, and a $25 billion FX swap.
• Market signal: Elevated money-market rates and wider corporate bond spreads indicate financial conditions remain tighter than the policy stance.

Read the full preview here

The GIFT Nifty traded fell 0.24% lower at 25,586.50 as of 7 am, indicating a negative open to Indian equities.