Stock Market Rally Highlights: Sensex climbs 1397 points, Nifty settles at 23,739; RIL, banks shine

Markets Today Highlights: Banking shares stole the show among sectors, with Nifty PSU Bank, and Private Bank indices ending higher by over 2 per cent each

3:47 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The Nifty has moved up following a falling wedge pattern retest, indicating the possibility of a decent rally in the short term. Additionally, the index has been sustaining above the critical 21EMA on the daily timeframe. The RSI is in a bullish crossover and rising after forming a base on the daily timeframe, indicating strong momentum. In the short term, the index may move toward 24,050 and higher, while support levels are placed at 23,500 and 23,250.

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

3:40 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Yesterday, the Indian market struggled to absorb the optimism generated by the good union budget due to heightened geopolitical risks stemming from ‘Trump tariff war’. However, India could outperform in a weak global market, and as a rebound has been triggered in the global sentiment, it has fuelled a sharp surge in domestic equities. While overall market sentiment remains positive, large-cap stocks are the preferred choice. Meanwhile, banking stocks are rallying in anticipation of a rate cut in this week's RBI policy, new governor's first meet.

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

3:39 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap and Smallcap closed over 1 per cent higher. 

 

3:38 PM

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

Stock Market LIVE Updates: Shriram Finance, L&T, BEL were among the top gainers on Nifty50 at close. 

 

3:37 PM

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

Stock Market LIVE Updates: L&T, IndusInd Bank, Adani Ports were among the top gainers on Sensex. 

 

3:35 PM

Stock Market LIVE Updates: Nifty closes 378.2 pts higher at 23,739.25

Stock Market LIVE Updates: NSE Nifty settles 378.2 points or 1.81 per cent higher at 23,739.25.

 

3:34 PM

Stock Market LIVE Updates: Sensex closes 1,397.07 pts higher at 78,583.81

Stock Market LIVE Updates: BSE Sensex closed 1,397.07 points or 1.81 per cent higher at 78,583.81.

 

3:27 PM

Stock Market LIVE Updates: Kalyan Jewellers soars 25% in 4 days post Q3 results; up 30% from Jan low

Shares of Kalyan Jewellers have moved higher by 9 per cent to Rs 549 on the BSE in Tuesday’s intra-day trade on back of heavy volumes. In four days, the stock price of the jewellery company soared 25 per cent after the company reported a 22 per cent year-on-year (YoY) jump in consolidated profit after tax (PAT) at Rs 219 crore in December 2024 quarter (Q3FY25). PAT growth would be 44 per cent adjusting for the loss due to reduction in customs duty (announced during the Union Budget in July 2024). Read more

3:17 PM

Stock Market LIVE Updates: Asian Paints Q3 results: Profit drops 23% to ₹1,110 crore, revenue down 6%

Asian Paints on Tuesday reported a 23.3 per cent drop in consolidated net profit to ₹1,110.48 crore for the third quarter (Q3) of the financial year 2024-25 (FY25), from ₹1,447.72 crore reported during the same period last year. Sequentially, however, profit rose nearly 60 per cent from ₹694.64 crore.

 

Consolidated revenue from operations also dropped marginally by 6 per cent to Rs 8,549.44 crore year-on-year from Rs 9,103.09 crore. Sequentially, revenue went up by 6.5 per cent from ₹8,027.54 crore. Read more

3:02 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty climb higher

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty50 were trading higher on Tuesday, as investors kept a keen eye on tariff-related developments in the US.

At 3 PM, the BSE Sensex was higher by 1,312.94 points, or 1.70 per cent, at 78,499.68, and the NSE Nifty50 was at 23,749.95, ahead by 388.90 points, or 1.66 per cent.

 

2:57 PM

Stock Market LIVE Updates: Preview: Will SBI Q3 profit rise or fall? Provisions hold key, say analysts

Stock Market LIVE Updates: SBI Q3 preview: The largest government-owned bank, State Bank of India (SBI), is expected to report a strong set of results for the October-December quarter (Q3) of the current financial year 2024-25 (FY25).

 

According to analysts, the public sector bank (PSB) is estimated to report a double digit net profit growth on the back of healthy loan book expansion and stable asset quality. READ MORE

 

2:53 PM

Stock Market LIVE Updates: Why Sensex surged 1,250 pts today despite a trade war brewing in the US?

Stock Market LIVE Updates: Benchmark indices in India climbed on Tuesday, February 4, a couple of days after the presentation of Budget 2025-26, and amid a brewing trade war in North America as President Donald Trump sets the ground for negotitations with major US trading partners. 

In the domestic market, the 30-stock BSE Sensex had climbed around 1,237 points, or 1.6 per cent, to hit an intra-day high of 78,424.26. Similarly, the NSE Nifty50 climbed 351.5 points, or 1.5 per cent, to an intra-day high of 23,712.60 from the previous close. 

At 13:42 PM, the BSE Sensex was was trading at 78,254.46, higher by 1067.72 points, or 1.38 per cent, while the Nifty 50 was at 23,672.15, ahead by 311 points, or 1.33 per cent.
 

According to market experts, the markets climbed on Tuesday on the back of a number of factors, primary among them were the announcements made in the budget and the postponement of the tariffs announced by President Donald Trump on Canada, and Mexico, even as China retaliated with its own tariffs on US goods imports. READ MORE

2:46 PM

Stock Market LIVE Updates: Tata Chemicals hits 52-week low on Q3 loss, weak margin; analysts cautious

Stock Market LIVE Updates: Tata Chemicals’ December quarter performance for fiscal year 2025 (Q3FY25) disappointed analysts, as the company grappled with declining realisations and pricing pressure in its key soda ash segment. 

The Q3FY25 results saw Tata Chemicals report a net loss of Rs 53 crore, from Rs 158 crore profit in Q3FY24. The sharp decline in profitability caused a ripple effect in investor sentiment, leading to a drop in the company’s stock price. Tata Chemicals shares dropped as much as 4.81 per cent to hit a fresh 52-week low of Rs 899.40. READ MORE

 

2:35 PM

Eris Lifesciences shares drop 5% after profit slides in Q3 results; details

Eris Lifesciences share price slipped 5.35 per cent at Rs 1,181.20 a piece on the BSE in Tuesday’s intraday trade after the company’s net profit dropped in the third quarter of the financial year 2024-25 (Q3FY25).  The company’s net profit came in at Rs 87 crore, down 14.3 per cent year-on-year (Y-o-Y), compared to Rs 101 crore in the same quarter last year. READ MORE

2:23 PM

RBI may use CRR as regulatory tool, repo rate cuts likely in 2025: SBI

The report predicts that the RBI could cut the repo rate by 25 basis points in its February 2025 policy meeting, with a total reduction of at least 75 basis points over the entire easing cycle. READ MORE

2:13 PM

Mobikwik shares slip 5% after company posts net loss against profit YoY

In its Q3 results, the company reported a consolidated net loss to Rs 55.28 crore as compared to a profit of Rs 5.27 crore a year ago. Mobikwik's revenue for the quarter under review rose 17.7 per cent at Rs 269.47 crore as compared to Rs 228.93 crore a year ago. READ MORE

2:07 PM

Chennai Petro, HEG, Nuvama among top MF buys in Dec quarter; tech view here

Technical charts suggest that HEG stock is likely to witness another 25 per cent fall from present levels; while Nuvama Wealth could witness a relief rally towards Rs 6,125. READ MORE

1:56 PM

Stock Market LIVE Updates: Upcoming IPO: Indogulf Cropsciences secures green light from Sebi; details

Stock Market LIVE Updates: Crop protection products, plant nutrients, and biologicals manufacturing company Indogulf Cropsciences is all set to go public as the company has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO). READ MORE

 

1:47 PM

Stock Market LIVE Updates: Nifty seen clearing first roadblock; next stop at 23,800? Key levels here

Stock Market LIVE Updates: The NSE Nifty 50 index has surged over 1 per cent in intra-day deals on Tuesday, and is now seen quoting above its super trend line on the daily scale for the first time since December 19, 2024. A close above 23,604, shall qualify as a positive breakout for the Nifty on the daily scale. At the high point of the day so far, at 23,659, the Nifty gained 3.8 per cent from its recent low of 22,787. That apart, the Nifty 50 is seen quoting above its 20-DMA (Daily Moving Average) for the fourth straight trading session. READ MORE

1:32 PM

Stock Market LIVE Updates: This recently listed rail-related IPO surges 18%; up 119% from issue price

Stock Market LIVE Updates: Shares of Quadrant Future Tek hit a new high of Rs 634, as they surged 18.2 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes. The stock of electrical cables has more-than-doubled or zoomed 119 per cent against the issue price of Rs 290 per share. The company made its stock market debut on January 14, 2025. READ MORE

1:21 PM

Stock Market LIVE Updates: Here's why L&T share gained 4% in trade on February 4; check reasons here

Stock Market LIVE Updates: Shares of construction engineering giant Larsen and Toubro (L&T) were in demand on Tuesday, February 4, 2025, rising as much as 4.38 per cent to hit an intraday high of Rs 3,431.30 per share. The rise in L&T's share price followed the company’s announcement that its Minerals & Metals (M&M) business vertical would be setting up a Pellet Plant and Direct Reduction of Iron (DRI) Plant for a client in the Middle East and North Africa (MENA) region. READ MORE

1:07 PM

Stock Market LIVE Updates: Garden Reach shares gain 5% on posting Q3 results, PAT up 11%, rev up

Stock Market LIVE Updates: Garden Reach Shipbuilders shares slumped 5.3 per cent on Tuesday, logging an intraday high at Rs 1,588.95 per share on BSE. The stock gained after the company post Q3 results. Around 12:27 PM, Garden Reach Shipbuilders share price was up 2.09 per cent at Rs 1,540 per share on BSE. In comparison, the BSE Sensex was down 0.93 per cent at 77,906.99. The market capitalisation of the company stood at Rs 17,641.01 crore. The 52-week high of the stock was at Rs 2,834.6 per share and the 52-week low was at Rs 674.25 per share. READ MORE

12:53 PM

Stock Market LIVE Updates: ITC Q3 preview: Cigarette volume may remain resilient; FMCG biz to grow 6%

Stock Market LIVE Updates: Tobacco-to-fast-moving consumer goods (FMCG) conglomerate ITC will announce its Q3FY25 numbers on Thursday, February 6, 2025. In the third quarter (Q3FY25) brokerages tracked by Business Standard expect ITC's adjusted net profit to decline 3.5 per cent in the quarter ended December 31, 2024, on average, to Rs 5,151.12 crore as compared to Rs 5,340 crore a year ago. PAT is likely to decline due to the low tax rate in the base quarter. READ MORE

 

12:48 PM

Stock Market LIVE Updates: Emami share price drops 5% as ex-dividend date kicks in; details here

Stock Market LIVE Updates: Shares of fast-moving consumer goods (FMCG) player Emami fell 4.75 per cent to today's low of Rs 585.10 apiece on the National Stock Exchange (NSE) during intraday deals on Tuesday, February 4, 2025. The decline in the company's share price aligns with the company's announcement of a second interim dividend for the financial year 2024-25. Emami shares trade ex-dividend today. READ MORE

12:33 PM

Stock Market LIVE Updates: Premier Energies stock tanks 12% from day's high on profit booking after Q3

Stock Market LIVE Updates: Shares of solar cell maker Premier Energies witnessed sharp volatility on Tuesday, February 4, 2025. The stock jumped 10.28 per cent from its previous close to touch an intraday high of Rs 1,177.6 on the BSE. However, it later erased gains, falling 12.81 per cent from the day’s high to hit an intraday low of Rs 1,026.65. The sharp movements followed the company's announcement of its financial results for the third quarter (Q3) of FY25.

During Q3FY25, Premier Energies' profit after tax stood at Rs 255.22 crore, reflecting a 490.58 per cent surge compared to Rs 43.21 crore reported in the same quarter of the previous fiscal year, the company said in a regulatory filing. READ MORE

 

 

12:20 PM

Stock Market LIVE Updates: Gland Pharma shares slip 5% on disappointing revenue growth in Q3

Stock Market LIVE Updates: Shares of Gland Pharma slipped 5 per cent to Rs 1,437.70 on the BSE in Tuesday’s intra-day trade after the company’s revenues de-grew 10 per cent year-on-year (YoY) to Rs 1,384 crore in the December quarter (Q3FY25). The company's topline was impacted by the low base business arising due to a dip in volumes in the US as well as some shipment delays to Saudi Arabia.

 

In comparison, the BSE Sensex was up 0.3 per cent at 77,417, at 10:40 AM. The stock price of Gland Pharma had hit a 52-week low of Rs 1,413.75 on January 28, 2025. It has corrected 35 per cent from its 52-week high level of Rs 2,220.95 touched on August 6, 2024. READ MORE

 

12:13 PM

Stock Market LIVE Updates: M&M rallies 9% in 3 days on healthy outlook; market cap crosses Rs 4 trn

Stock Market LIVE Updates: Shares of Mahindra & Mahindra (M&M) hit a new high of Rs 3,270, gaining 3 per cent on the BSE in Tuesday’s intra-day trade on a healthy business outlook. The stock surpassed its previous high of Rs 3,237.60 touched on January 3, 2025.

Since February 1, post Budget 2025-26, the stock of the automobile company has rallied 9 per cent. It is quoting higher for the eighth straight trading day, having surged 17 per cent during the same period. In comparison, the BSE Sensex was up 2.2 per cent during the period.
 

A sharp outperformance has seen the market capitalisation of M&M cross the Rs 4-trillion mark. At 09:42 AM, with a market capitalisation of Rs 4.0 trillion, M&M was trading 1.5 per cent higher at Rs 3,217.65 on the BSE. READ MORE

 

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty climb higher

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty50 were trading higher on Tuesday, as investors kept a keen eye on tariff-related developments in the US.

At 12 PM, the BSE Sensex was higher by 625.82 points, or 0.81 per cent, at 77,812.56, and the NSE Nifty50 was at 23,545.75, ahead by 184.70 points, or 0.79 per cent.

 

11:58 AM

Stock Market LIVE Updates: How to trade Crude oil amid Donald Trump's tariff threat? Strategy here

Stock Market LIVE Updates: Crude oil could rally on tariffs threats in short-term but fundamentals don't support higher prices in long term.

Crude prices clocked the biggest intraday rally in four months on Monday, driven on the news of 10 per cent tariffs imposed by White House on Canadian crude oil and products while Mexico was levied with 25 per cent.
 

However, by the end of Monday, Trump took a U-turn to delay the tariffs by 30 days. 

WTI contract had opened up 3.6 per cent in Asian trade but, by late trading in New York, was briefly down on the day before a modest bounce into the close to be up 0.5 per cent. READ MORE

11:50 AM

Stock Market LIVE: Sigachi to setup R&D center in Hyderabad; bring API development, research under 1 roof

Stock Market LIVE Updates: Sigachi Industries today informed that it is establishing a state-of-the-art R&D center in Hyderabad with a view to bring its critical API developments and analytical efforts under one roof. 

The company, in an exchange filing, said, "The new facility is designed to:

⦁ Optimize API production by integrating advanced systems and adhering to stringent global regulatory standards, ensuring high-quality outputs that meet international benchmarks.

⦁ Drive sustainable growth by expanding the company’s development pipeline and accelerating R&D progress with a dedicated investment of up to USD 1 Million.

⦁ Nurture talent by employing a team of 15-20 skilled R&D scientists dedicated to accelerating product development for regulated markets.

⦁ Streamlining Pharma Product Portfolio to focus on priority API’s and Intermediates

⦁ Allowing synergies for manufacturing cutting edge API’s and regulatory filings under the same roof".