Stock Market Close Highlights: Sensex sheds 213pts, Nifty at 23,603 ahead of RBI Policy; MidCaps dip

Markets Today Highlight: Broader markets also mirrored benchmarks, with Nifty Midcap100, and Nifty Smallcap100 ending down by 1.26 per cent and 0.30 per cent, respectively

3:54 PM

Stock Market LIVE Updates: Expert view

Stock Market LIVE Updates: Despite logging sharp gains in the first few minutes of opening trades, markets slipped into the red and moved in a narrow range with a negative bias for most part of the trading session. Investors booked profits in rate-sensitives like realty, banking, and auto shares ahead of tomorrow's monetary policy announcement. If there is any surprise rate cut, we may see short-term optimism.

View by Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

3:48 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The benchmark indices experienced a moderate decline as investors awaited the RBI's decision on a potential rate cut amidst the ongoing trade war. The broader market remained cautious, in a consolidation phase, despite the government's focus on boosting consumption to cushion lower growth. Meanwhile, the IT and Pharma sectors advanced supported by lower treasury yields after moderating US PMI data, encouraging the Fed to reduce interest rates.

View by Vinod Nair, Head of Research, Geojit Financial Services.

 

3:41 PM

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

Stock Market LIVE Updates: Trent, BEL, Airtel were among the top losers on Nifty50.

 

3:38 PM

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

Stock Market LIVE Updates: Airtel, NTPC, Titan among top losers on Sensex.

 

3:36 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap and Smallcap closed in red. 

 

3:35 PM

Stock Market LIVE Updates: Sensex settles 213.12 pts lower at 78,058.16

Stock Market LIVE Updates: BSE Sensex settled 213.12 points or 0.27 per cent lower at 78,058.16.

 

3:34 PM

Stock Market LIVE Updates: Nifty closes 92.95 pts lower at 23,603.35

Stock Market LIVE Updates: NSE Nifty closes 92.95 points or 0.39 per cent lower at 23,603.35.

3:28 PM

Stock Market LIVE Updates: IndiGo to damp lease Boeing 787-9 from Norse Atlantic Airways for expansion

Stock Market LIVE Updates: Budget-carrier IndiGo will damp lease a Boeing 787-9 Dreamliner from Norse Atlantic Airways, with operations set to begin in March 2025, the Norwegian airlines said in a press release on Thursday. The move is part of IndiGo’s strategy to expand into long-haul routes ahead of its Airbus A350 deliveries from 2027.

 

“This contract represents an important milestone for Norse as we partner with one of the largest and most reputable airlines in the world. We look forward to support IndiGo’s long haul services, and to deliver an exceptional travel experience to their customers” said Bjorn Tore Larsen, CEO and founder of Norse Atlantic Airways. Read more

 

3:22 PM

Stock Market LIVE Updates: Auto retail sales up 7% in Jan as passenger vehicle segment rises 16%

Stock Market LIVE Updates: Automobile retail sales in the country grew 6.6 per cent year-on-year (Y-o-Y) in January, marking a “moderately positive” note after business dipped the month before.

 

Passenger vehicles grew almost 16 per cent in January, according to data provided by the Federation of Automobile Dealers Associations (FADA). As many as 2.29 million automobiles were sold last month and 2.15 million in January 2024. Read more 

 

3:11 PM

Stock Market LIVE Updates: Tata Power, Bank of Baroda ink pact for financing rooftop solar projects

Stock Market LIVE Updates: Tata Power Renewable Energy Ltd (TPREL) on Thursday said it has partnered with Bank of Baroda to facilitate financing of residential rooftop solar projects under the PM - Surya Ghar Muft Bijli Yojana.

 

Both the entities have signed a Memorandum of Understanding (MoU), under which applicants can avail loan amounts up to Rs 6 lakh at an interest rate starting at 7 per cent per annum with both fixed and floating rate options, TPREL said in a statement. Read more 

3:01 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty50 were trading lower on Thursday, February 6, amid mixed global cues.

At 3 PM, the BSE Sensex was lower by 297.39 points, or 0.38 per cent, at 77,973.98, and the Nifty50 was at 23,577.85, behind by 118.45 points, or 0.5 per cent.

 

3:00 PM

Stock Market LIVE Updates: How to trade Bank Nifty, Fin Nifty ahead of RBI Policy? Key levels to track

Stock Market LIVE Updates: The 3-day Reserve Bank of India (RBI) appointed Monetary Policy Committee's (MPC) final meeting for the financial year 2024-25 is underway, with the new RBI governor Sanjay Malhotra scheduled to announce the Policy decision tomorrow, Friday, February 07, 2025.

This is Sanjay Malhotra first monetary policy committee (MPC) meeting, after he took charge in mid-December from his predecessor Shaktikanta Das. Most economists expect the RBI cut to cut interest rates by 25 basis points - a first in nearly 5 years.
 

On Thursday, thus far, equity markets were seen trading with losses. The Bank Nifty and Fin Nifty were down 03 per cent each, while the Nifty PSU Bank index slipped 0.8 per cent. In comparison, the NSE benchmark Nifty 50 index was down 0.5 per cent at 23,590 levels.

 

As such, here's a trading guide with key levels to track on the key banking (Bank Nifty and PSU Bank) and the Nifty Financial Services (Fin Nifty) indices. READ MORE

 

2:56 PM

Stock Market LIVE Updates: Invesco's new fund offers business cycle-based investing; key details

Stock Market LIVE Updates: Invesco Mutual Fund launched a new fund, Invesco India Business Cycle Fund, for investors on February 6, 2025. This is an open-ended equity scheme that follows a business cycle-based investing theme. The New Fund Offer (NFO) will close on February 20, 2025.

 

The Invesco India Business Cycle Fund aims to generate long-term capital appreciation by investing predominantly in equity and equity-related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy, according to the Scheme Information Document (SID). READ MORE

 

2:52 PM

Stock Market LIVE Updates: M&M Q3 Preview: Profit may zoom up to 32% YoY to Rs 3,249 cr; revenue 22%

Stock Market LIVE Updates: Automobile giant Mahindra & Mahindra (M&M) will announce its December quarter of financial year 2025 (Q3FY25) results on Friday, February 7, 2025. 

M&M is expected to report strong performance for Q3FY25, driven by solid growth across its automotive and tractor segments. 

Analysts predict a revenue increase of approximately 21 per cent Y-o-Y, with a healthy rise in tractor revenues (up 26 per cent Y-o-Y) and automotive sales (up 19 per cent Y-o-Y). 
 

Earnings before interest, tax, depreciation and amortisation (Ebitda) is expected to grow around 39 per cent, benefiting from a better product mix and improved operating efficiencies. Positive responses to new model launches and higher tractor volumes are likely to contribute to margin expansion. READ MORE

 

2:49 PM

Stock Market LIVE Updates: KFC India operator Sapphire beats profit view as cheaper menu drives demand

Stock Market LIVE Updates: Sapphire Foods India, which operates Pizza Hut and KFC restaurants in the country, reported a better-than-expected quarterly profit on Thursday, as its cheaper food items helped boost demand from budget-conscious consumers.

 

The restaurant operator posted a profit of Rs 11.98 crore ($1.37 million) for the quarter ended December 31, up from a profit of Rs 10.14 crore a year earlier.

Analysts, on average, had expected a profit of Rs 11.68 crore, according to data compiled by LSEG. READ MORE

 

2:38 PM

Stock Market LIVE Updates: Maithan Alloys to buy real estate co Eloise Builders for Rs 73 crore

Stock Market LIVE Updates: Maithan Alloys informed today that it will acquire 100 per cent shareholding in Eloise Builders & Construction, that is engaged in the real estate sector and holds pieces of land in or around NCR Delhi, for a total consideration of Rs 73 crore.

The company, in an exchange filing, said, "The acquisition of the shares inter alia provides a pathway to enter into new segment of Real Estate and Constructions Business and growth opportunities in Real Estate and construction sector".

It added that Eloise Builders & Constructions Private Limited has a loan liability of Rs 41.55 crore which the company will be required to repay upon conclusion of transaction.

 

2:29 PM

Stock Market LIVE Updates: SBI Q3 results: Net profit rises 84% YoY to Rs 16,891 crore, NII up 4%

Stock Market LIVE Updates: State Bank of India (SBI), on Thursday, reported a standalone net profit of Rs 16,891.44 crore for the quarter ended December 31, 2024 (Q3FY25), clocking a jump of 84.3 per cent year-on-year (Y-o-Y). 

SBI had reported a net profit of Rs 9,160 crore in the corresponding quarter of the previous fiscal (Q3FY24).
 

On a quarter-on-quarter (Q-o-Q) basis, the public sector bank's Q3 profit fell 7.8 per cent as against a profit of Rs 18,330 crore reported in Q2FY25. READ MORE

 

 

2:24 PM

Stock Market LIVE Updates: Solar Industries shares crack 6.5% on BSE on weak FY25 revenue guidance

Stock Market LIVE Updates: Solar Industries share price declined in trade on Thursday, pressured by high volumes on the BSE. The stock hit an intraday low of Rs 9,020 per share on the stock exchange, falling 6.5 per cent in the intraday trade.

The decline in Solar Industries shares came after the company shared a weak revenue outlook and guidance for the current financial year 2024-25 (FY25).
 

At 1:40 PM, Solar Industries share price was down 4.48 per cent at Rs 9,216 per share as against a 0.4 per cent fall in the benchmark BSE Sensex index. READ MORE

 

2:15 PM

Stock Market LIVE Updates: Rupee hits record low of 87.68

2:13 PM

Stock Market LIVE Updates: SBI reports net profit at Rs 16,891.4 cr vs Rs 9,164 cr YoY

Stock Market LIVE Updates: GNPA at 2.07% vs 2.13% QoQ

Net NPA flat at 0.53% YoY

Provisions at Rs 911.1 crore vs Rs 687.9 crore YoY; and 4,505.7 crore QoQ

2:08 PM

Stock Market LIVE Updates: Sula Vineyards slips 5% on weak Q3 show; PAT down 35%, rev dips marginally

Stock Market LIVE Updates: Sula Vineyards shares slipped 4.8 per cent on Thursday, logging an intraday low at Rs 348 per share on BSE. The downward movement in the stock came after the company reported a 35 per cent fall in third-quarter profit.

 

Around 12:18 PM, Sula Vineyards share price was down 4.23 per cent at Rs 350.1 per share on BSE. In comparison, the BSE Sensex was down 0.30 per cent at 78,038.54. The market capitalisation of the company stood at Rs 2,954.76 crore. The 52-week high of the stock was at Rs 654.8 per share and the 52-week low was at Rs 338.1 per share. READ MORE

 

 

2:01 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty50 were trading lower on Thursday, February 6, amid mixed global cues.

At 2 PM, the BSE Sensex was lower by 378.98 points, or 0.48 per cent, at 77,892.30, and the Nifty50 was at 23,579.65, behind by 116.65 points, or 0.49 per cent.

 

1:50 PM

Stock Market LIVE Updates: Thermax, Timken crack 44% from high; trade at multi-yr supports

Stock Market LIVE Updates: Shares of Thermax and Timken India have cracked around 44 per cent from their respective highs. Thermax has tumbled 44.6 per cent from its high of Rs 5,850 hit in July 2024; while Timken India stock has shed 43.8 per cent from its high of Rs 4,780 registered in June 2024.

 

Currently, both the stocks are seen testing support at their respective super trend line on the monthly scale. The key support for Thermax stands at Rs 3,265, and the stock has not violated this trend line support since January 2021 on a monthly closing basis. Whereas, Timken India is seen testing the trend line support after September 2019, which now stands at Rs 2,698. Read more

1:40 PM

Stock Market LIVE Updates: Solarium Green IPO off to decent start; subscription rises 24%, GMP up 8%

Stock Market LIVE Updates: The initial public offering (IPO) of Solarium Green Energy, which opened for public subscription today, has received a decent response from investors so far. The Rs 105.04 crore offering, available at a price band of Rs 181-191 per share with a lot size of 600 shares, has been subscribed 24 per cent as of 12:54 PM on Thursday, February 6, 2025.

Meanwhile, unlisted shares of Solarium Green Energy were commanding a decent premium in the grey market. Sources tracking grey market activity revealed that the company's shares were trading at approximately Rs 206 apiece, reflecting a GMP (grey market premium) of Rs 15 or 7.85 per cent over the upper price band. Read more 

1:30 PM

Stock Market LIVE Updates: Abbott India gains 10% in 2 days after posting healthy Q3 show

Stock Market LIVE Updates: Abbott India shares jumped 5.9 per cent on Thursday, logging an intraday low at Rs 29,436.85 per share on BSE. The stock gained over 10 per cent in two days after the company reported healthy Q3 results.

 

Around 12:18 PM, Abbott India share price was up 4.2 per cent at Rs 28,930 per share on BSE. In comparison, the BSE Sensex was down 0.43 per cent at 77,936.37. The market capitalisation of the company stood at Rs 61,474.23 crore. The 52-week high of the stock was at Rs 30,683.40 per share and the 52-week low was at Rs 25,200.05 per share. Read more 

1:25 PM

Stock Market LIVE Updates: VRL Logistics shares soar 20% as Q3 profit jumps 335% YoY, margins expand

Stock Market LIVE Updates: VRL Logistics shares defied the overall weak sentiment in the stock markets today, February 6, as they surged 20 per cent on the BSE in Thursday's intraday trade. The sharp upmove in VRL Logistics share price came after the company released its Q3 results after market hours on February 5, 2025.

 

At 11:55 AM, VRL Logistics share price was quoting 15.4 per cent higher at Rs 538 per share on the BSE as against a 0.36-per cent dip in the benchmark BSE Sensex index. It was also the top gainer on the BSE SmallCap index. It hit an intraday high of Rs 559.5 per share. READ MORE

 

1:21 PM

Stock Market LIVE Updates: Kansai Nerolac share pops 6% as Q3 profit skyrockets 341% YoY; details here

Stock Market LIVE Updates: Kansai Nerolac share price soared as much as 5.54 per cent to hit an intraday high of Rs 258.75 per share on Thursday, February 6, 2025.

However, at 12:42 PM, Kansai Nerolac share price were off day’s high and were trading 3.37 per cent higher at Rs 253.40 per share. In comparison, BSE Sensex was trading 0.29 per cent lower at 78,047.34 levels.
 

The rise in the share price came after the company’s consolidated profit zoomed 341.4 per cent year-on-year (Y-o-Y) to Rs 680.9 crore in Q3FY25, from Rs 154.3 crore in Q3FY24. READ MORE

 

 

1:16 PM

Stock Market LIVE Updates: Chamunda Electricals IPO closes today; Subscription soars 56x, GMP at 30%

Stock Market LIVE Updates:  The initial public offering (IPO) of Chamunda Electricals, which opened for public subscription on Tuesday, February 4, 2025, is set to close today, Thursday, February 6, 2025. Available at a price band of Rs 47-50 per share, with a minimum lot size of 3,000 shares, the Rs 14.60 crore SME offering has witnessed strong investor demand.

 

According to data from the National Stock Exchange (NSE), the IPO was oversubscribed 56.10 times as of 10:26 AM on Thursday. READ MORE

 

1:15 PM

Stock Market LIVE Updates: Sagility India gains 5%; investors laud Q3 results, BroadPath acquisition

Stock Market LIVE Updates: Sagility India share price was locked in the 5-per cent upper circuit band, at Rs 52.63 per share, on the BSE on Thursday, a day after the company reported its Q3 results.

At 10:31 AM, Sagility India shares were at the upper circuit band as against 0.23-per cent decline in the benchmark BSE Sensex.
 

Sagility India, which listed on the stock exchanges on November 12, 2024, reported an adjusted net profit of Rs 262.6 crore in the December quarter of the current financial year (Q3FY25). This was a growth of 67.6 per cent over the previous year profit of Rs 156.7 crore. READ MORE

 

1:12 PM

Stock Market LIVE Updates: Cummins India jumps 5% on healthy Q3, analysts positive on long-term growth

Stock Market LIVE Updates: Diesel and natural gas engines manufacturer Cummins India’s stock surged 5.36 per cent on Thursday, February 6, 2025, to an intraday high of Rs 3,075.95, following a strong third-quarter performance that surpassed market expectations. 

The healthy performance was largely attributed to resilient sales, particularly in the high horsepower (HHP) power generation segment, which benefitted from strong demand from the data centre market. 
 

Additionally, the company saw growth in its distribution business, along with a recovery in industrial and export segments. However, analysts noted that despite strong performance, gross margins were lower than expected due to a challenging product mix and heightened competition in the market. READ MORE