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

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".