Stock Market Live Updates: Sensex, Nifty Extend Declines After RBI MPC Keeps Rep Rate Unchanged; IT Stocks Continue To Drag

The Indian rupee strengthened by 0.85% to 90.27 against the US dollar

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Sensex fell over 300 points and the Nifty traded below 25,550 after the RBI Monetary Policy Committee kept the benchmark repo rates unchanged at 5.25%.

RBI Monetary Policy Committee kept the benchmark repo rates unchanged at 5.25%.

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RBI Governor Sanjay Malhotra begins MPC speech.

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Berger Paints Q3 (Cons, YoY)

• Stock fell 2.2% to Rs 461.75 
• Revenue up 0.3% at Rs 2,984 crore versus Rs 2,975 crore
• EBITDA down 0.2% at Rs 471 crore versus Rs 472 crore
• EBITDA Margin down 10 bps at 15.8% versus 15.9%
• Net Profit down 8.3% at Rs 271 crore versus Rs 296 crore

Nykaa Q3 (Cons, YoY)

• Stock rose 4% to Rs 268
• 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

Nilkamal Q3 (Cons, YoY)

• Stock rose 2% to Rs 1,504
• Revenue up 12.6% at Rs 962 crore versus Rs 854 crore
• EBITDA up 41.3% at Rs 89.6 crore versus Rs 63.4 crore
• EBITDA Margin up 190 bps at 9.3% versus 7.4%
• Net Profit up 17.6% at Rs 25.3 crore versus Rs 21.5 crore

Tata Motors PV Q3 (Cons, YoY)

• Stock rose 1.3% to Rs 379
• 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

Astral Q3 (Cons, YoY)

• Stock traded little changed at Rs 1,504.40
• Revenue up 10.3% at Rs 1,542 crore versus Rs 1,397 crore
• EBITDA up 8.2% at Rs 238 crore versus Rs 220 crore
• EBITDA Margin down 30 bps at 15.4% versus 15.7%
• Net Profit down 5.6% at Rs 108 crore versus Rs 114 crore

Bharti Airtel Q3 (Cons, QoQ)

• Stock rose 1% to Rs 2,012.20
• Revenue up 3.5% at Rs 53,982 crore versus Rs 52,145 crore
• EBITDA up 4.1% at Rs 30,783 crore versus Rs 29,561 crore
• EBITDA Margin up 30 bps at 57.0% versus 56.7%
• Net Profit down 2.4% at Rs 6,631 crore versus Rs 6,792 crore

LIC Q3 (Cons, YoY)

• Stock rose 6.5% to Rs 893.90
• Net Premium Income up 17.4% at Rs 1.26 Lakh crore
• Net Profit up 17.5% at Rs 12,930 crore versus Rs 11,009 crore
• AUM up 8.0% at Rs 59.17 Lakh crore
• Solvency Ratio up 17 bps at 2.19% versus 2.02%

Bharti Hexacom Q3 (Standalone, QoQ)

• Stock rose 4.3% to Rs 1,698.10
• Revenue up 1.8% at Rs 2,360 crore versus Rs 2,317 crore
• EBITDA up 3.8% at Rs 1,254 crore versus Rs 1,208 crore
• EBITDA Margin up 110 bps at 53.2% versus 52.1%
• Net Profit up 12.5% at Rs 474 crore versus Rs 421 crore

Data Patterns Q3 (Standalone, YoY)

• Stock rose 3.7% to Rs 2,618.40
• Revenue up 47.9% at Rs 173 crore versus Rs 117 crore
• EBITDA up 49.2% at Rs 80.6 crore versus Rs 54 crore
• EBITDA Margin up 30 bps at 46.5% versus 46.2%
• Net Profit up 30.5% at Rs 58.3 crore versus Rs 44.7 crore

KNR Constructions Q3 (Cons, YoY)

• Stock fell 0.7% to Rs 147.83
• Revenue down 12.4% at Rs 743 crore versus Rs 848 crore
• EBITDA down 34.8% at Rs 167 crore versus Rs 256 crore
• EBITDA Margin down 770 bps at 22.4% versus 30.1%
• Net Profit down 58.6% at Rs 103 crore versus Rs 249 crore

Kaynes Tech Q3 (Cons, YoY)

• Revenue up 21.6% to Rs 804 crore versus Rs 661 crore
• EBITDA up 26.9% to Rs 119 crore versus Rs 94 crore
• EBITDA Margin up 60 basis points at 14.8% versus 14.2%
• Net Profit up 15.4% to Rs 76.6 crore versus Rs 66.4 crore

Should you Buy, sell or hold Kaynes Tech? Click here to read experts' view on the stock. 

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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.

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