Nifty, Sensex End Lower

  • Nifty, Sensex extend declines to the eighth day after a volatile session

  • Nifty ends 0.44% lower at 22,929

  • Sensex ends 0.26% lower at 75,939

  • Sun Pharma, Bharat Electronics, Adani Ports drag Nifty the most

Tata Steel To Raise Up To Rs 3,000 Crore

The board approved raising up to Rs 3,000 crore via non-convertible debtentures.

Source: Exchange filing

Samvardhana Motherson Share Price Trend Lower; Profit Rises

Samvardhana Motherson Q3 Earnings Highlights (Consolidated, YoY)

  • Revenue up 8% at Rs 27,666 crore versus Rs 25,644 crore.

  • Ebitda up 13.3% at Rs 2,686 crore versus Rs 2,370 crore.

  • Margin at 9.7% versus 9.2%.

  • Net Profit up 62% at Rs 879 crore versus Rs 542 crore.

Stock Market Live: Telecom Shares Down

The Supreme Court junked a plea by Bharti Airtel and Vodafone Idea on miscalculation of AGR dues, reported Informist.

Fortis Healthcare New Acquisition

Fortis Healthcare subsidiary will acquire Shrimann Superspecialty Hospital For Rs 462 crore, including two land parcels for Rs 38.5 crore.

Source: Exchange Filing

Rolex Rings Profit Falls Over 40%

Rolex Rings Q3 Earnings Highlights (Consolidated, YoY)

  • Revenue down 4.9% at Rs 260 crore versus Rs 273 crore.

  • Ebitda down 2.9% at Rs 51.2 crore versus Rs 52.7 crore.

  • Margin at 19.7% versus 19.3%.

  • Net Profit down 45.4% at Rs 20.2 crore versus Rs 37 crore.

Stock Market Live: Key Reasons For Friday’s Market Fall

Foreign institutional investors’ selling in the cash market topped Rs 1.1 lakh crore in 2025, according to the data from NSE, taking the selloff to worst in any year.

US President Donald Trump ordered his administration to consider imposing reciprocal tariffs on numerous trading partners, which could take effect from April this year. Reciprocal tariffs could affect nearly every country, with India, Japan, and the European Union being hit the most.

Bank of America expects Indian companies’ earnings growth to slow down going ahead, after the earnings tracked by the brokerage were largely in line in the third quarter, led by healthcare.

Read full story here.

India Will Be Relatively Less Impacted In US-China Tariff Fight, Say Analysts

India is expected to face a relatively muted impact from the ongoing US-China tariff battle, as the country’s economy remains comparatively localised, according to analysts.

Maneesh Dangi, founder of Macro Mosaic Investing, said that both the US and China are large, independent economies, with less interdependence compared to East Asian nations. While the US is actively targeting China with tariffs to assert its hegemony, the overall impact on India will be minimal.

Read full story here.

Why Market Is Down Today?

  • Uncertainties related to US President Donald Trump’s new reciprocal tariffs

  • Foreign institutional investors’ selling in the cash market topped Rs 1.1 lakh crore in 2025

  • Bank of America expects Indian companies’ earnings growth to slow down going ahead, after the earnings tracked by the brokerage were largely in line in the third quarter, led by healthcare.

Stock Market Decline: Nifty Small Cap, Nifty Mid Cap Enters Technical Bear Market

  • Nifty Smallcap 250 Index down over 22% from life high.

  • Nifty Smallcap 250 Index enters a technical bear market.

  • Nifty Midcap 150 Index down over 19% from life high.

  • Nifty Midcap 150 Index nears technical bear market.

Stock Market Decline: Nifty Falls Over 13% From Life High

Nifty down over 13% from (intra-day) life high (26,277) made on Sept. 27, 2024.

Stock Market Live: FACT Shares Fall Over 9% On Decline In Profit

FACT shares fell over 9% on Friday after its profit saw 73% dip.

FACT Q3 Earnings Highlights (Consolidated, YoY)

  • Revenue down 13.5% at Rs 949 crore versus Rs 1,097 crore.

  • Ebitda down 26.7% at Rs 31.5 crore versus Rs 43 crore.

  • Ebitda Margin at 3.3% versus 4%.

  • Net Profit down 73% at Rs 8 crore versus Rs 30 crore.

IPO News Live: Hexaware Tech IPO Fully Subscribed

IPO Fully Subscribed On Day 3

  • Overall subscription at 1.22 times as of 1:12 p.m.

  • NII subscription at 8%

  • Retail subscription at 8%

  • QIB Subscription at 4.11 times.

Source: BSE

Stock Market Live: Nifty Drops 1% In Volatile Session, Sensex Sheds 700 Points

The Nifty 50 has dropped 1% to below 22,800. The Sensex has shed over 700 points or 0.9% to 75,500.

The Nifty Pharma, Nifty Energy and Nifty PSU Bank are the top losers.

SJVN Share Price Down: Plan To List SJVN Green Energy Later This Year

SJVN’s Q3 earnings call highlights:

  • Company plans to list SJVN Green Energy in the second half of FY26.

  • The company announced that all three of its hydropower plants have met their FY25 MoU power generation targets.

  • The first 660 MW unit at the Buxar plant is expected to be commissioned in May.

  • However, geological issues are causing delays in the commissioning of the Arun-3 plant in Nepal.

  • Increased borrowing for capital expenditure led to higher interest expenses in Q3.

  • SJVN anticipates adding approximately 3 GW of capacity in FY26.

Asian Paints Share Price Down: Company To Exit Indonesia

Asian Paints will divest from its Indonesia business and sell its operations there to Berger Paints Singapore for Rs 48 crore.

Source: Exchange Filing

Midday Market Update

  • Nifty 50 down 0.54%; intraday low 0.8%

  • Sensex down 0.43%; intraday low 0.72%

  • Nifty Bank down 0.7%; intraday low 0.9%

  • Nifty Midcap 150 down 2%; intraday low 1.4%

  • Nifty Smallcap 250 up 0.8%; intraday low 1.1%

  • Nifty Pharma, Nifty Energy lead sectoral losses

  • Top Nifty Gainers: Nestle India, Tata Consumer, JSW Steel

  • Top Nifty losers: Bharat Electronics, Adani Enterprises, Adani Ports

RateGain Travel Share Price Up After Q3 Results

RateGain Travel Technologies reported Q3 earnings with a 40% year-on-year increase in net profit, reaching Rs 56.5 crore compared to Rs 40.4 crore. Revenue grew by 10.6% to Rs 279 crore from Rs 252 crore. EBITDA saw a 19.7% rise to Rs 61.4 crore from Rs 51.3 crore, and margins improved to 22% from 20.4% year-on-year.

BPCL In Pact With Equinor

BPCL has entered into an agreement with Equinor for the purchase of propane and butane.

Source: Bloomberg

Nifty Today Live: Set For Bad Week 

  • Nifty 50 headed towards its highest weekly loss for the year.

  • The last highest weekly loss was of 4.8% in December 2024.

  • The Nifty and Sensex enroute to post longest losing streak in nearly two years.

  • Last eight consecutive session loss was in February 2023.

Nifty Today Live: HDFC Bank, RIL, Sun Pharma Drag

Delivery-based selling in HDFC Bank (76%), Reliance Industries (60%) and Sun Pharma (55%) with high turnover is dragging the Nifty 50.

The turnover of both RIL and HDFC Bank is over Rs 500 crore, while that of Sun Pharma is Rs 77 crore.

Stock Market Live: Nifty, Sensex Reverse Intraday Gains

The Nifty and Sensex fell over 0.5%, reversing intraday gains. The FMCG counter is the sole gainer while Pharma, Media and Energy stocks declined. On the Nifty, HDFC Bank, RIL, Sun Pharma were top draggers.

Stock Market Live Updates: India Inc Value Drops By $1 Trillion

The total market capitalisation of Indian stocks has declined. It went below $4 trillion. During the peak in September, the value went as high as $5.1 trillion.

Stock Market Live Update: Pharma Counter Down

Shares of nearly all pharma companies declined during early trade amid threats of US tariffs.

Manappuram Finance Share Price Down After Q3: Here’s Why

CLSA

  • Maintain an ‘Outperform’ rating for Manappuram with a target price of Rs 225.

  • The company is experiencing slower gold loan growth due to operational restructuring.

  • There has been an increase in operating expenses and the cost of funds.

  • Asirvad MFI’s credit costs stand at 17% (annualized), and the growth guidance has been revised downwards.

Jefferies

  • Maintain a ‘Hold’ rating on Manappuram and raise the target price to Rs 205 from Rs 190.

  • For third quarter, the company missed profit expectations due to higher provisions.

  • The AUM growth missed estimates, and net interest margins declined quarter-on-quarter.

  • Credit costs increased due to stress in the MFI book.

  • While Manappuram should benefit from higher gold prices, its growth has lagged behind peers.

  • Elevated stress in MFI loans is expected to drag earnings in the near term.

  • Although valuations seem reasonable, easing stress in the MFI portfolio is likely to be key for a potential re-rating.

Stock Market Live: Jefferies India Strategy

  • Despite multiple reliefs, the Indian equity market has not seen a rally yet.

  • The Reserve Bank of India’s pro-growth commentary and the postponement of the LCR implementation have been positive.

  • The new income tax bill has not introduced any negatives.

  • The results season has been broadly inline, and there has been strong mutual fund inflow.

  • However, these factors have not been sufficient to drive equity market growth.

  • Potential positive developments may come from the Modi-Trump meetings, and improvements in high-frequency indicators.

Nifty Today Live: Auto Stocks Trade Lower

Shares of most auto companies are down in early trade amid US tariff threat and Donald Trump wanting India to ease import duties on American auto exports.

The Nifty Auto fell 0.6%.

Trump Tariff Impact On India Auto Sector

Views of Nirmal Bang’s Varun Baxi

  • OEMs seen largely insulated due to heavy localisation, minimal US exports

  • Royal Enfield only Indian automaker that may see some impact due to US exports

  • Auto ancillaries like Sansera, Suprajit, BKT, Sona Comstar, Motherson Sumi seen impacted

  • Most auto component makers are working on ways to sidestep Trump tariffs

  • Some Indian auto component makers already have manufacturing plants in the US

Views of S&P Global Mobility’s Puneet Gupta

  • India is the only alternative to China for US carmakers

  • India’s auto component makers supply to all American carmakers

  • Any hike in tariffs will make American cars more expensive amid sales slump

  • India is a preferred partner of the US

Unrelated Fallout: Future Of India EV Policy

  • Trump’s Make in America stance is in direct conflict with Modi’s Make in India policy

  • Expect further relaxation of India EV policy in terms of local sourcing

  • For Tesla, this may just be the last opportunity to set up shop in India

Nifty Today Live: IT Stocks Mixed

The Nifty IT index as trading 0.05% higher. Stocks were mixed, with HCL Tech and Infosys up while Persistent Systems and Mphasis down

Stock Market Live: Companies With Large US Export Market Tank

Shares of Tega Industries, Torrent Pharma, Waaree Energies, Sona BLW, Lupin, Sun Pharma, JK Tyre, Dr Reddy’s Labs and Sansera Engineering are trading lower. These companies have a big export exposure to the US.

The decline comes after Donald Trump announced a reciprocal tariff regime for the US. This can impact Indian exports majorly.

Nifty Today Live: Hindalco, Tata Steel, JSW Steel Surge

Stock Market Live: Broader Markets Down

The Nifty Smallcap 250 lost 0.7% and the Nifty Midcap 150 declined 0.22%.

Stock Market Live: Nifty, Sensex Open Higher

Indian benchmark indices opened higher on Friday. The Nifty and Sensex went up 0.4%.

The Nifty 50 went past 23,100 while the Sensex added 300 points to trade above 76,400.

Nifty, Sensex Live: Benchmarks Rise In Pre-Open

The Nifty and Sensex are up 0.3% in the pre-open session.

Hindalco Industries Share Price: Analysts Positive After Earnings Beat

Hindalco Industries retained positive stock ratings from brokerages after it delivered better-than-expected results in the third quarter. JPMorgan, CLSA and Investec maintained their rating and target prices on the stock.

The company reported 4% higher operating profit in its India business than JPMorgan’s estimates. Its aluminum business and copper segment also beat the estimates. JPMorgan anticipates positive stock movement on Friday.

Read full story here.

Bond Market Live: Yield On Benchmark Bond Opens Flat

The yield on the 10-year bond opened flat at 6.70%. It closed at 6.71% on Thursday.

Source: Bloomberg

Rupee Vs Dollar Live: INR Opens Stronger

Rupee strengthened by 5 paise to open at 86.84 against the US Dollar. It closed at 86.89 on Thursday.

Source: Bloomberg

Q3 Results Today: RVNL, Glenmark Pharma, Samvardhana Motherson, Zen Technologies

Rail Vikas Nigam Ltd., Glenmark Pharmaceuticals Ltd., Samvardhana Motherson Ltd., Zen Technologies Ltd., Easy Trip Planners Ltd, Hinduja Global Solutions Ltd, Borosil Renewables Ltd, and Dish TV India Ltd are among the big companies scheduled to announce their third-quarter earnings on Friday.

Other companies to announce their Q3 results today are: ADF Foods Ltd, the Bengal & Assam Co., Centum Electronics Ltd, Cupid Ltd, Dilip Buildcon Ltd, Ethos Ltd, Genesys International Corp., GlaxoSmithKline Pharmaceuticals Ltd, Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Hindware Home Innovation Ltd, HMT Ltd, Ingersoll-Rand (India) Ltd, Jamna Auto Industries Ltd, JNK India Ltd, Kitex Garments Ltd, La Opala RG Ltd, Mahanagar Telephone Nigam Ltd, Northern Arc Capital Ltd, Polyplex (India) Ltd, PTC India Ltd, RateGain Travel Technologies Ltd, Rolex Rings Ltd, Sudarshan Chemical Industries Ltd, Swan Energy Ltd, Tarsons Products Ltd, Uflex Ltd and Utkarsh Small Finance Bank Ltd.

Premiere Energies Gets Rs 1,234 Crore Order

Premier Energies Photovoltaic Pvt., a subsidiary of Premier Energies Ltd., have received and accepted orders aggregating to Rs 1,234 crore from existing customers for supply of solar modules. The supply of these modules is scheduled to commences from April 2025.

Source: Exchange filing

Nomura On Trump’s Reciprocal Tariff

  • India stands out as having much higher relative tariff rates.

  • Hence is thus exposed to reciprocal tariffs.

  • US accounts for ~18% of India’s total exports and is India’s largest export destination.

  • India-US trade surplus rising in recent years to $38 billion in 2024.

  • Key exports include electrical/industrial machinery, gems & jewellery, pharmaceuticals, fuels, iron & steel.

  • Other export items include textiles, vehicles, apparels, and chemicals

  • Iron and steel and aluminium account for nearly 5.5% of the total exports.

  • India proactively considering reducing tariffs on over 30 items.

  • Items including luxury vehicles, solar cells and chemicals could have reduced tariffs.

Nifty Today Live: Support Seen At 22,780

The Nifty 50 has formed a red candle on the daily scale, which indicates selling pressure at higher levels, according to Hrishikesh Yedve, assistant vice president of technical and derivatives research at Asit C. Mehta Investment Interrmediates Ltd.

“The 21-Days Simple Moving Average is placed at 23,270, making the 23,270–23,300 zone a strong hurdle,” Yedve said.

On the downside, Yedve said that 22,780 will act as a key support level. He advised traders to adopt a buy-on-dips strategy as long as the index holds 22,780.

Read Friday’s Trade Setup here.

IPO Market News Live: Hexaware Tech IPO Day 3, Quality Power IPO Opens

  • Hexaware Technologies: The public issue was subscribed to 0.15 times on day 2. The bids were led by qualified institutional investors (0.39 times), non-institutional investors (0.03 times), retail investors (0.06 times), Employee reserved (0.17 times).

  • Quality Power Electrical Equipments: The company will offer shares for bidding on Friday. The price band is set from Rs 401 to Rs 425 per share. The Rs 858.7-crore IPO is a combination of fresh issue of Rs 225 crore and rest offer for sale. The company raised Rs 386 crore from anchor investors.

Stock Market Live: Effect Of Trump Trade Actions On Federal Reserve Policy

The US Federal Reserve will stay on hold about interest rate cutes for first six months of 2025 as it will wait for to see the effects of Trump’s trade actions, Peter Cardillo, chief market economist at Spartan Capital Securities told NDTV Profit.

The Fed will wait and see how import tariffs impact US inflation. The US will mostly see only one rate cut in the second half of 2025. The dollar will continue to remain strong,” he said.

Stock Market Live: Companies With Major Announcements

  • Mahindra Lifespace Developers: The board has approved raising up to Rs 1,500 crore through rights issue.

  • Manappuram Finance: The company has approved raising up to $2 billion under the global medium-term note programme.

  • Bank of Baroda: The lender has approved raising up to Rs 8,500 crore via qualified institutional placements.

  • UltraTech Cement: The company has added an additional 0.6 MTPA slag-based grinding capacity at Tamil Nadu unit.

  • Piramal Enterprises: The board has approved the issuance of non-convertible debentures up to Rs 450 crore.

  • United Breweries: The company will make an investment of Rs 750 crore in greenfield brewery in Uttar Pradesh.

Stock Market Live: F&O Cues Before Opening Bell

The Nifty February futures were down 0.13% to 23,107 at a premium of 76 points, with the open interest down by 1.7%.

The open interest distribution for the Nifty 50 Feb. 13 expiry series indicated most activity at 24,000 call strikes, with the 22,000 put strikes having maximum open interest.

India, US Set $500 Billion Trade Target By 2030

US President Donald Trump and Indian Prime Minister Narendra Modi, in a joint meeting on Friday, announced a series of initiatives aimed at deepening the bilateral relationship between the two countries. The event emphasised the growing partnership, spanning economic, defence, and technological collaboration.

With economic collaborations taking the centre stage, both the leaders have decided to double the bilateral trade to $500 billion by 2030, with a focus on energy, defence, and technology cooperation. Modi also highlighted initiatives like the I-MEECH economic corridor, collaboration in space through ISRO and NASA, and strengthened supply chains for critical minerals.

Stock Market Live: GIFT Nifty Trades Near 23,200

The GIFT Nifty is trading close to the 23,200 level ahead of the Indian stock market opening. The futures contract based on the benchmark Nifty 50 is trading 0.03%, or 8 points, lower at 23,193 as of 7:45 a.m., indicating a likely higher start for the benchmark index.

After erasing earlier gains, the NSE Nifty 50 and BSE Sensex ended in losses for the seventh session in a row on Thursday. Infosys Ltd. and HDFC Bank Ltd. share prices weighed on the Nifty 50 the most.

The Nifty 50 ended 13.85 points, or 0.06%, down at 23,031.40, and the Sensex closed 32.11 points, or 0.04%, lower at 76,138.97.

. Read more on Markets by NDTV Profit.The Nifty 50 has dropped 1% to below 22,800. The Sensex has shed over 700 points or 0.9% to 75,500.  Read MoreMarkets, Business, Notifications 

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