Stock Market Highlights: FPIs turn net buyers after a day’s break on Wednesday
07:45:09 PM IST, 31 January 2024
Moody’s affirms UltraTech Cement’s Baa3 ratings; outlook stable
Moody’s InvestorsService has affirmed UltraTech Cement Limited’s (UltraTech) Baa3 issuer rating as well as its Baa3 senior unsecured rating. Moody’s has also maintained its stable outlook.
07:15:30 PM IST, 31 January 2024
US Treasury yields dip on weak job growth as investors await Fed
06:58:56 PM IST, 31 January 2024
Berlin prepares sale of stake in Uniper
Germany may offer to sell a large stake in Uniper, which it bailed out during Europe’s energy crisis, at the end of this year or next, Bloomberg reported on Wednesday, citing people familiar with the matter. Under the EU’s approval of the state rescue, Berlin must reduce its stake in Uniper to a maximum of 25% plus one share by the end of 2028.
06:57:37 PM IST, 31 January 2024
FPIs turn net buyers on Wednesday
Foreign portfolio investors net bought shares worth Rs 1,660 crore on Wednesday. DIIs, too, bought shares worth Rs 2,543 crore.
04:56:33 PM IST, 31 January 2024
Tech View: Nifty forms Piercing Line ahead of expiry. What traders should do on Budget day
Having moved just above the recent lower top of 21750 levels on 29th and 30th Jan, there is a higher probability of negation of previous bearish chart pattern like lower highs and lower lows on the daily chart and that could eventually result in a bullish formation of higher highs and lows, said Nagaraj Shetti of HDFC Securities.
03:33:58 PM IST, 31 January 2024
Top gainers & losers from trade today
03:33:12 PM IST, 31 January 2024
Closing Bell: Sensex ends 612 points higher ahead of Fed outcome; Nifty above 21,700; Sun Pharma, TaMo gain 3% each
03:01:43 PM IST, 31 January 2024
PVR INOX Q3 RESULTS: Key Highlights
- Revenue of Rs 15,693 mn*, EBITDA of Rs 2,259 mn* and PAT of Rs 412 mn* for the quarter
- Patrons visiting our cinemas : 36.5 mn
- Average ticket price (ATP) of Rs 271
- F&B spend per head (SPH) of Rs 132
- 29 new screen openings across 7 properties during the quarter
- As on date PVR INOX operates 360 cinemas with 1,712 screens across 113 cit
03:02:58 PM IST, 31 January 2024
Stock Market Live Updates | Here’s how shares of Dabur, Sun Pharma, Adani Wilmar, Maruti Suzuki, Suzlon Energy and PVR Inox are trading post Q3 announcement
Maruti reported in line revenue and beat on our margin expectations, while was largely in line with consensus on margins. Discounting was relatively higher during the quarter, however, other expenses came below expectation, we would seek more clarity on the average discounting in Q3. Cost reduction efforts and favourable foreign exchange variation benefited margins.
– Himanshu Singh – Research Analyst, Prabhudas Lilladher on Maruti
02:41:32 PM IST, 31 January 2024
DABUR Q3 Results: PAT at Rs 506 crore vs ET NOW poll of Rs 511 crore; Revenue: Rs 3255cr vs ET NOW poll of Rs 3235 cr
We are pleased by our continued broad-based growth including in Global Specialty. We are keenly looking forward to EMA filing of Nidlegy in coming months. Once approved, Nidlegy will significantly expand our onco-derm franchise in Europe.
– Dilip Shanghvi, Managing Director, Sun Pharma
02:31:23 PM IST, 31 January 2024
SUN PHARMA Q3 | Highlights of Q3FY24 consolidated financials
- Gross sales at Rs. 121,569 million, growth of 9.5%
- India formulation sales at Rs. 37,785 million, up 11.4%
- US formulation sales at US$ 477 million, up 13.2%
- Global specialty sales at US$ 296 million, including US$20 million milestone received in Q3. Ex-milestones, up 24.2%
- Global specialty sales, ex-milestone, accounted for 19.2% of Q3FY24 sales
- Emerging Markets formulation sales at US$ 252 million, lower by 2.3%
- Rest of World formulation sales at US$ 214 million, up 12.9%
- R&D investments at Rs. 8,245 million compared to Rs. 6,702 million for Q3FY23
- EBITDA at Rs. 34,768 million (including other operating revenues), up 15.8%. EBITDA margin for Q3 at 28.1% vs 26.7% during Q3FY23
- Adjusted net profit (excluding the exceptional items) for Q3FY24 was Rs. 25,936 million, up 19.7%. Reported net profit for Q3FY24 was Rs. 25,238 million compared to Rs. 21,660 mn during Q3FY23
02:21:30 PM IST, 31 January 2024
SUN PHARMA Q3 RESULTS
- PAT: Rs 2524 cr vs ET NOW poll of Rs 2425 cr
- Revenue: Rs 12,381 cr vs ET NOW poll of Rs 12,309 cr
- Company to pay Rs 8.5/share dividend
- EBIT Margin: 27.1% vs ET NOW poll of 25.9%
02:15:31 PM IST, 31 January 2024
Suzlon Energy Q3 Results: PAT at Rs 203 cr vs Rs 78.4 cr YoY
- Revenue: Rs 1151 cr vs Rs 1187 cr YoY
- EBITDA: Rs 240 cr vs Rs 206 cr YoY
02:12:33 PM IST, 31 January 2024
Adani Wilmar Q3 Results: Key HIghlights
01:53:25 PM IST, 31 January 2024
Maruti Suzuki Q3 Results: Key Highlights
- The net profit for the quarter was INR 31,300 million, an increase of 33.1% over INR 23,513 million in Q3FY2022-23.
- net sales of INR 318,600 million against INR 278,492 million in the same period of the previous year
- The Company sold a total of 501,207 vehicles during the quarter. Despite the small car segment continuing to be subdued, the Company registered sales of 429,422 units in the domestic market.
- The Company exported 71,785 cars, its highest-ever in any quarter. The same period in the previous year saw total sales of 465,911 units comprising 403,929 units in the domestic market and 61,982 units in exports.
01:50:32 PM IST, 31 January 2024
Maruti Suzuki appoints Kazunari Yamaguchi as a Wholetime Director designated as Director (Production) for a period of three years.
01:46:01 PM IST, 31 January 2024
Maruti Suzuki Q3 Results: PAT at Rs 3130 crore vs poll of Rs 2833 crore
01:45:14 PM IST, 31 January 2024
Adani Wilmar Q3 Results: PAT at Rs 200 cr
01:32:57 PM IST, 31 January 2024
Stock Market LIVE Updates: Procter & Gamble Hygiene and Health Care declared an interim dividend of ₹160 per equity share for the financial year 2023-24.
01:31:43 PM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Top gainers & losers at this hour
01:07:12 PM IST, 31 January 2024
Ambuja Cements Q3 results: Net profit rises 39% YoY to Rs 514 cr
Revenue from operations increased 8% year-on-year to Rs 4,439 crore in the October-December period, compared with Rs 4,128 crore a year ago.
12:57:05 PM IST, 31 January 2024
Crypto Price Today: Bitcoin falls below $43,000 level ahead of US Federal Reserve interest rate decision
At 12.20 p.m., Bitcoin was trading 0.79% lower at $42,954, while Ethereum was up 1.3% at $2,332. Meanwhile, the global cryptocurrency market cap declined 0.61% to around $1.65 trillion in the last 24 hours.
All eyes are on the Federal Reserve’s decision on interest rates today, widely anticipated to stay the same. Maintaining this price until month-end would signify Bitcoin’s fifth consecutive monthly gain, its lengthiest positive streak. This is likely to continue until Bitcoin halving takes place, said Edul Patel, CEO of Mudrex.
12:38:56 PM IST, 31 January 2024
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12:17:47 PM IST, 31 January 2024
SENSEX SURGES 700 PTS: Top BSE500 stocks that hit 52-week high today
12:15:56 PM IST, 31 January 2024
Japan’s Nikkei shakes off chip blues to post best January since 1998
The Nikkei recovered from losses as steep as 1% in early trading to end the day up 0.61% at 36,286.71, extending its gains for the month to 7.77%, its best start to the year since an almost 9% jump in January 1998.
12:09:40 PM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: UCO Bank top gainer in the banking space
11:46:16 AM IST, 31 January 2024
Stock Market LIVE Updates | The Sri Lankan government said on Wednesday it has pre-qualified Jio Platforms, a unit of India’s Reliance Industries Ltd, and Gortune International Investment Holding to bid for stakes in Sri Lanka Telecom.
11:33:51 AM IST, 31 January 2024
Stock Market LIVE Updates | Cochin Shipyard shares surged nearly 8% to hit a 52-week high at Rs 944.6 in Wednesday’s trade on BSE after the firm reported a net profit of Rs 244.4 crore for the third quarter of FY24. In the corresponding quarter last year, the company posted a net loss of Rs 110.4 crore.
11:26:55 AM IST, 31 January 2024
Stock Market LIVE Updates | The first-ever profit posted by insurance aggregator PB Fintech catapulted the stock to its fresh 52-week high of Rs 1,039.90 on the NSE on Wednesday as the stock jumped over 14% in the opening trade.
11:16:12 AM IST, 31 January 2024
Sensex climbs 500 points: Bank heavyweights, RIL top contributors
11:09:29 AM IST, 31 January 2024
Sensex LIVE Updates: Sensex climbs 500 points
11:07:56 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: MICL Group reports Rs. 333 Crore of sales in its Uber-Luxurious project situated in Ghatkopar East – Aaradhya OnePark
10:56:06 AM IST, 31 January 2024
India bond yields dip as sentiment positive in run up to budget
India’s benchmark 10-year yield ended at 7.1570%, following its previous close at 7.1735%.
10:46:08 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Nova Agritech shares list at 37% premium over IPO price
Ahead of the debut, the company’s shares fetched a premium of Rs 23 in the unlisted market.
10:46:15 AM IST, 31 January 2024
BROKERAGE TAKE | Jefferies on ITC: Buy| Target Rs 520
ITC appears reasonable on valuation, and the stock may stay range-bound until the final budget.
ITC stock also faces an overhang from potential stake sales by BAT.
10:26:17 AM IST, 31 January 2024
Budget expectations | BK Bajaj, CEO, Informerics Ratings and Valuation
Despite the constraints of a Vote on Account, we expect that Government will continue with thrust on fiscal consolidation, easements of business and taxation laws, infrastructure, MSMEs, and financial inclusion. The Government could also focus on expanded PLI (production-linked incentive) scheme, to give a fillip to the manufacturing sector rural welfare with an accent on the farmer income transfer, housing for all.
Policy changes aimed at encouraging innovation and streamlining regulatory frameworks would provide a fillip to the BFSI sector.
We expect a clear message that the process of reforms initiated in various sectors is here to stay and gain momentum. But while influencing the process and pattern of economic growth and structural transformation, there could be a sharper focus on the needs of the people at the bottom of pyramid.
10:16:16 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Nazara Technologies’s subsidary Nodwin Gaming invests Eur 8 million in Germany based Freaks 4U Gaming
10:12:11 AM IST, 31 January 2024
Stock Market LIVE Updates | Sensex recovers from early losses, trades 250 points higher
10:06:27 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Most stocks trade higher ahead of Q3 earnings
09:39:14 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: India has reduced the import duty for components used in the manufacture of mobile phones to 10% from 15%, showed a government notification dated Tuesday.
The Fed decision tonight and the interim Budget tomorrow will weigh on markets in the near-term. Global markets will be keenly watching the Fed comment on the timeline and quantum of rate cuts. The first rate cut is likely to come in June 2024. The decline in the 10-year yield to 4.02% is positive since it will restrain FPI outflows. The domestic market will be focused on the interim Budget particularly on any proposals regarding taxation of investments relating to the capital market. The fiscal deficit and its glide path also is important since growth with stability is hugely important from the market perspective. Stock specific movements are likely in response to sectoral allocations in the Budget.
– Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
09:34:40 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Shares of India’s Larsen and Toubro fall as much as 5.4% on Wednesday, a day after it missed third-quarter profit estimates as government spending on infrastructure tapered ahead of a national election.
09:22:11 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Ashok Leyland’s 32.9 lakh shares change hands
09:20:42 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: HCLTech, NBCC among most active stocks in morning trade
09:19:24 AM IST, 31 January 2024
Opening Bell: Sensex falls over 200 pts, Nifty below 21,500; PB Fintech climbs 6%, L&T slides 5%
09:09:06 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex dips 50 points; Nifty below 21,490
09:02:43 AM IST, 31 January 2024
Stock Market LIVE Updates: What to expect from Fed rate outcome later tonight?
With inflation showing signs of slowing down and the economy remaining relatively strong, we believe the Fed will keep the fed funds rate unchanged. Since the Fed pivot signal early December, rates actually have firmed up on account of strong incoming data and hawkish comments from Fed Governors which have led to realignment of expectation on rate cuts. It would be important to see whether Fed maintains its dovish stance or surprises the market with a hawkish tone.- Vaibhav Shah, Fund Manager, Torus ORO PMS
The 50 indices witnessed a gap-up opening to mark a consecutive higher high amidst the pullback rally. However, it succumbed to selling pressure immediately, facing rejection again from the polarity zone near 21780 and traded with a negative bias after failing to sustain above its 20DMA. It pared 290 points from the day’s high following a sharp sell-off in the closing hour on above-average volume. The VIX spiked 2.7% ahead of the budget day. The index has immediate support near 21450; failing to hold this level on a closing basis will invite further selling pressure.
– Avdhut Bagkar Technical and Derivatives Analyst, StoxBox
08:24:26 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Gold prices set for monthly drop; spotlight on Fed meet
Gold prices were on track for their first monthly decline in four as investors toned down their estimate of rapid and deeper rate cuts in the U.S. on the face of a resilient economy, and awaited remarks from the Federal Reserve due later in the day.
08:23:59 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Asian stocks head for monthly loss as China drags
Asian shares fell broadly on Wednesday, while the Australian dollar slid after surprisingly soft domestic inflation data and short-dated Treasury yields stayed elevated ahead of a rate decision from the Federal Reserve.
07:58:06 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Dollar eyes monthly gain as markets look to Fed
The dollar headed for its biggest monthly gain since September and the yen for its sharpest drop in nearly a year on Wednesday, as traders waited on a U.S. rates decision to round out January.
07:57:47 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Oil ticks down in Asian trade despite rising Middle East tensions
Oil prices edged off in early Asian trading on Wednesday on continued bearish fundamentals, following gains in the previous session amid an escalating conflict in the Middle East.
07:25:07 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Tokyo shares open lower
Tokyo stocks opened lower on Wednesday following tech losses on Wall Street, with investors awaiting interest rate signals from the US Federal Reserve.
07:25:14 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Quarterly earnings today
Sun Pharma, Maruti Suzuki, Ambuja, Dabur and Shree Cement a slew of other companies will announce their third quarter results today.
07:25:21 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 10 points, or 0.05 per cent, at 21,619, signaling that Dalal Street was headed for muted start on Wednesday.
07:25:28 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Tech View: Dark clouds appear on Nifty charts
Nifty ended 215.5 points lower to form a bearish dark cloud cover candle on the daily chart ahead of the two-day Fed meeting which begins tonight and Thursday’s Interim Budget session.
07:25:36 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Rupee settles 6 paise higher at 83.10 against US dollar
The rupee appreciated 6 paise to settle at 83.10 against the US dollar on Tuesday, following a weak greenback against major currencies overseas amid a muted trend in domestic equities.
07:25:41 AM IST, 31 January 2024
Sensex Today | Stock Market LIVE Updates: Nasdaq ends lower ahead of big tech earnings, focus on Fed
The tech-heavy Nasdaq lost ground on Tuesday as the market awaited a spate of high profile corporate earnings and the Federal Reserve convened for its monetary policy meeting.