Stock Market Highlights: Rate cut fails to cheer D-St; Sensex ends 198 pts lower, Nifty at 23,560

Markets Today Highlight: FMCG and PSU Bank shares bore the brunt of the selling on Friday after RBI, as expected, announced a 25 bps rate cut. Mid- and Small-cap indices finished on a mixed note.

3:52 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: A rate cut aimed at reviving the slowing economy is a positive indicator. However, yields edged higher as investors were disappointed by the absence of anticipated liquidity measures, leading to profit booking in the indices. Additionally, a downward revision in the near-term growth forecast, influenced by global trade policies and inflation concerns, suggests that the central bank will adopt a cautious and gradual approach to future rate adjustments. While the broader market underperformed, the metals sector gained traction amid expectations of increase in demand.

View by Vinod Nair, head of research, Geojit Financial Services

3:45 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The Nifty remained volatile as the RBI Governor announced the monetary policy. However, the volatility did not push the index below the 21 EMA on the daily timeframe, signifying a positive short-term trend. The trend is likely to remain positive as long as the index stays above 23,450. On the higher end, resistance is placed at 23,700. A decisive move above 23,700 could lead to a rally toward 24,050.

View by Rupak De, senior technical analyst, LKP Securities.

3:43 PM

Stock Market LIVE Updates: Here's a look at Nifty gainers and loser at close

Stock Market LIVE Updates: ITC, SBI, Britannia were among the top losers on Nifty.

 

3:41 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close

Stock Market LIVE Updates: ITC, SBI Adani Ports were among thetop losers on Sensex. 

 

3:40 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap closed in green, while Smallcap finished in red. 

 

3:38 PM

Stock Market LIVE Updates: Nifty settles 43.4 pts lower at 23,559.95

Stock Market LIVE Updates: NSE Nifty settled 43.4 points or 0.18 per cent lower at 23,559.95.

3:35 PM

Stock Market LIVE Updates: Sensex closes 197.97 pts lower at 77,860.19

Stock Market LIVE Updates: BSE Sensex closed 197.97 points or 0.25 per cent lower at 77,860.19.

 

3:29 PM

Stock Market LIVE Updates: MRF, Hero MotoCorp, ITC, 37 others to trade ex-date next week

Stock Market LIVE Updates: Shares of ITC, MRF, Gulf Oil Lubricants, Cochin Shipyard, REC, UNO Minda, Hero MotorCorp, and 37 other companies are set to gain investors' attention during the next week from Monday, February 10, 2025, to Friday, February 14, 2025, on account of dividend announcements for their shareholders.

BSE data suggests that these companies' shares are set to trade ex-dividend during next week. Notably, the ex-date marks the day a stock begins trading without dividend entitlement, meaning investors must own the stock before this date to receive the payout. The company, however, determines the list of eligible shareholders based on their records on the record date. Read more 

3:24 PM

Stock Market LIVE Updates: Mazagon Dock Shipbuilders Q3 net profit rises 30% to Rs 768 crore

Stock Market LIVE Updates: Mazagon Dock Shipbuilders on Friday reported a 30 per cent rise in its consolidated net profit at Rs 768.22 crore for the third quarter (Q3) of the financial year 2024-25 (FY25), up from Rs 591.54 crore reported during the same period last year.

 

Consolidated revenue from operations grew by 33 per cent year-on-year (Y-o-Y) at Rs 3,143.62 crore from Rs 2,362.47 crore. Read more 

 

3:14 PM

Stock Market LIVE Updates: Market slightly disappointed by RBI not giving surplus liquidity: Julius Baer

Stock Market LIVE Updates: The RBI has cut policy rates by 25 bps while maintaining a neutral stance, with no CRR cut. A more flexible approach to rate targeting suggests the central bank may not wait for CPI to hit 4 per cent before acting—marking a shift from its earlier tightrope strategy.

 

Liquidity management remains a priority, with the RBI committed to ensuring sufficient but not surplus liquidity, which could leave markets slightly disappointed. A back-to-back 25 bps rate cut in April is possible but contingent on the evolving liquidity scenario in the coming months.

View by Unmesh Kulkarni, managing director senior advisor, Julius Baer India

3:10 PM

Stock Market LIVE Updates: Aadhar Housing shares gain 5% on posting healthy Q3 results

Stock Market LIVE Updates: Aadhar Housing Finance shares gained 5.1 per cent on Friday, logging an intraday high at Rs 413 per share on BSE. The stock advanced after the company posted Q3 results. 

 

Around 2:50 PM, Aadhar Housing shares were up 2.89 per cent at Rs 404.15 per share on BSE. In comparison, the BSE Sensex was down 0.63 per cent at 77,566.37. The market capitalisation of the company stood at Rs 17,405.91 crore. The 52-week high of the stock was at Rs 516.65 per share and the 52-week low was at Rs 293.35 per share. Read more 

2:54 PM

Stock Market LIVE Updates: ITC Hotels trades higher for 3rd straight day; up 3% in subdued market

Stock Market LIVE Updates: ITC Hotels share price moved higher by 3 per cent to Rs 177.50 on the BSE in Friday's intraday trade, extending its past two days' gain, in an otherwise subdued market. In comparison, the BSE Sensex was down 0.67 per cent at 77,532 at 2:33 PM. READ MORE

 

2:47 PM

Stock Market LIVE Updates: RBI rate cut: Real estate firms expect mid-housing segments to thrive

Stock Market LIVE Updates: Real estate industry leaders expect the repo rate cut of 25 basis points to 6.25 per cent by the Reserve Bank of India (RBI) to boost housing demand, particularly in the mid-housing segment. Realtors are banking on the rate cut, along with the revised income tax slabs and the "SWAMIH 2" fund of Rs 15,000 crore announced by Union finance minister Nirmala Sitharaman in the Union Budget on February 1. READ MORE

 

2:41 PM

Hyundai Motor India hits over 2-month high; surges 5% on heavy volumes

Thus far in February 2025, the stock surged 15% after the company registered a 10.5% YoY growth in exports in January 2025 on the back of stable demand for its products in the overseas markets. READ MORE

2:30 PM

Britannia down 2% on posting Q3 results; Should you buy, sell or hold?

In the third quarter ended December 31, 2024, Britannia reported a 5 per cent increase in consolidated net profit to Rs 582 crore for the three months ended December 31 as compared to Rs 556.39 crore a year ago. The company reported a revenue of Rs 4,592.62 crore for Q3 as against Rs 4,256.33 crore a year ago which implies a rise of 7.9 per cent. READ MORE

2:17 PM

Ola Electric Q3 loss wides to Rs 564 crore; stock falls 4%

India's top electric two-wheeler maker Ola Electric reported a wider quarterly loss on Friday, hurt by heavy discounts it offered to fend off rising competition.  The SoftBank-backed firm reported a loss of Rs 564 crore ($64.51 million) in the October-to-December quarter, compared to a loss of Rs 376 crore a year earlier. READ MORE

2:09 PM

Bharti Airtel, NCC, Sonata Software: Trading strategies for stocks in news

Technical chart shows that NCC and Sonata Software shares were seen testing multi-year supports; break of the same can trigger a deeper fall at these counters. Check key levels for these 5 stocks here. READ MORE

1:57 PM

Sensex at day's low, down over 450 points

 

1:49 PM

M&M Q3 net profit rose nearly 22%; stock gains 2% post results

Mahindra & Mahindra today reported 21.7 per cent growth in Q3FY25 net profit at Rs 3,624.48 crore when compared with Rs 2,977.04 crore in the corresponding quarter a year ago. Total income increased by 17 per cent YoY to Rs 41,881.38 crore.

1:43 PM

Akums Drugs slips 3% after posting 66% decline in Q3 profits, rev down 7%

Akums Drugs reported a decline of 66 per cent year-on-year (Y-o-Y) to Rs 65.18 crore as compared to Rs 193.7 crore. Its revenue for the quarter under review stood at Rs 1,010.4 crore as compared to Rs 1,082.83 crore a year ago, a fall of 6.7 per cent. READ MORE

1:32 PM

Stock Market RBI MPC LIVE Updates: Expect optimistic GDP growth ahead: Indian Bank

Stock Market RBI MPC LIVE Updates: The RBI's decision to deliver the anticipated 25 basis point rate cut is a welcome move, aligning with market expectations. Maintaining a neutral stance is also in line with the expectations. The MPC's focus on liquidity is a good and heartening thing, reflecting the government and RBI's concern in this area. Given the government's initiatives during the budget and the anticipated increase in household expenditure, we foresee optimistic GDP growth.

View by Binod Kumar, MD & CEO of Indian Bank

1:20 PM

Stock Market RBI MPC LIVE Updates: RBI retaining 'Neutral' stance disappoints: HSBC Mutual Fund

Stock Market RBI MPC LIVE Updates: The RBI MPC delivered on market expectations of a 25 bps repo rate cut, however, it disappointed by retaining stance at neutral (unanimously) and not announcing any specific new measures on liquidity injection.  The new RBI governor Mr Sanjay Malhotra played out a balancing act, by easing rates,  while clearly being mindful of the global market volatility and its potential impact on our currency, and hence maintaining a cautious tone. We expect the RBI MPC to deliver another 25bps cut at the April policy, while continuing to announce liquidity related measures as and when required on a “proactive” basis. While the initial reaction of bond markets has been one of disappointment, with yields inching up a few basis points, we believe interest rates will continue to soften over the next few months and retain our positive duration bias and outlook.

View by Shriram Ramanathan, CIO, Fixed Income, HSBC Mutual Fund.

1:09 PM

Stock Market RBI MPC LIVE Updates: Rate cut will start the consumption cycle: Ventura Securities

Stock Market RBI MPC LIVE Updates: While the rate cut is fully discounted by the market, together with the recently liquidity boosting measures it will usher in fresh investments and kick start the consumption cycle given the expectation of lower inflation from the strong Rabi and Kharif crop. Banking, auto, FMCG, consumer durables. Manufacturing, NBFCs all are expected to do well.

View by Vinit Bolinjkar- Head of Research, Ventura Securities.

 

 

1:06 PM

Stock Market RBI MPC LIVE Updates: RBI will ensure adequate durable liquidity as necessary: Union AMC

Stock Market RBI MPC LIVE Updates: The Monetary Policy Committee (MPC) has, as anticipated, lowered the policy rate by 25 basis points. We foresee a shift towards a more accommodative policy stance in the future, with an additional reduction of 25 basis points likely by June 2025. The Reserve Bank of India (RBI) did not introduce any new liquidity measures; however, we anticipate that the RBI will ensure adequate durable liquidity as necessary. Additionally, the refinement of the inflation targeting model seems to be a welcome measure. The cost-benefit analysis of regulations could be positive for the markets.

View by Parijat Agrawal, Head of Fixed Income at Union Asset Management Company.

12:56 PM

Stock Market RBI MPC LIVE Updates: 'It is an excellent budget, both from growth and inflation perspective'

12:50 PM

Stock Market RBI MPC LIVE Updates: 'We see another 75bp of rate cuts in the pipeline this year'

Stock Market RBI MPC LIVE Updates: “New Governor, new regime, new cut. We have been arguing for a while now that growth faces strong headwinds, underlying inflation is low and high policy rates have outlived their utility. So the RBI’s policy pivot was long due and in line with our expectations. While Governor Malhotra suggested data dependence in his policy speech, we expect that this is the start to a deep rate cut cycle – we see another 75bp of rate cuts in the pipeline this year.”

Views by: Aurodeep Nandi, India Economist, Executive Director at Nomura

 

12:49 PM

Stock Market RBI presser LIVE Updates: 'Explicit objective is to have price stability and growth'

12:41 PM

Stock Market RBI presser LIVE Updates: 'India can certainly achieve 7% plus growth'

12:38 PM

Stock Market RBI presser LIVE Updates: 'We would not like to use measures on banks often'

12:38 PM

Stock Market RBI presser LIVE Updates: 'ECL is still a discussion paper, draft is not out yet'