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