Stock Market Live: Nomura On Apar Industries

  • Maintains Buy, Revised TP Rs 10,300 vs Rs 11,700 (+43.6%)

  • Pressure on conductor margins impacted 3Q

  • Export demand recovery expected in FY26 for conductor

  • Cut EBITDA estimates by 8% to factor in delayed recovery in exports

  • Expect 25% EPS CAGR over FY25-FY27F on healthy traction in cable segment

TVS Holdings Share Price Gains As Q3 Net Profit Soars

TVS Holdings Ltd. share price rose in Wednesday’s session following a rise in net profit. Its consolidated net profit rose 72% on the year to Rs 386 crore compared to Rs 224 crore.

Stock Market Live: JSW Energy Share Price Hits Lowest Since March

JSW Energy share price fell to hit a 10-month-low on Wednesday following weak performance in the quarter ended December. The company reported a net profit decline of 27.4% compared to the same quarter last year.

ITC Hotels Listing: Shares Debut At 30% Discount To Implied Price

Shares of ITC Hotels Ltd. — the demerged hotels business of ITC Ltd. — were listed at a discount of 30.4% on Wednesday at Rs 188 per share on the BSE, against the implied price of Rs 270 per share. On the National Stock Exchange, the shares debuted at a 30.7% discount at Rs 180 per share.

Stock Market Live: L&T Technology Secures Deal Worth $80 Million

L&T Technology Services Ltd. has secured a deal worth $80 million from a US-based manufacturer of industrial products, according to an exchange filing.

Stock Market Today: BHEL Shares Rise After Profit Doubles

Bharat Heavy Electricals Ltd.’s shares rose after the profit surges in the third quarter earnings. The consolidated net profit more than doubled, beating analysts’ estimates.

Suzlon Shares Hit Upper Circuit After Strong Q3 Results And Bullish Outlook

Suzlon Energy Ltd. saw a significant rise of nearly 5% in its share price following strong third-quarter earnings and a positive rating upgrade from Nuvama. The brokerage firm upgraded Suzlon’s stock from ‘hold’ to ‘buy’, citing robust earnings, a robust order book, and valuation comfort following recent price corrections.

Nifty, Sensex Open Higher As Infosys, ICICI Bank Share Price Rise: Opening Bell

The NSE Nifty 50 and BSE Sensex opened higher for a second day in a row tracking a rise in ICICI Bank Ltd. and Infosys Ltd. share prices. As of 9:17 a.m., the Nifty 50 was 68.50 points or 0.30% higher at 23,025.75, and the Sensex was 281.25 points or 0.37% higher at 76,182.66.

On Tuesday, the benchmark indices had the best session since Jan 2.

“Technically, after a promising start, the market bounced back sharply; however, profit booking was again witnessed at higher levels. On the daily chart, a long-legged doji candlestick structure is formed, indicating indecision between the bulls and the bears. We believe 23,150/76,300 would act as the trend decider level for the bulls. Above 23,150/76600, the market may retest the levels of 23,250/76900 to 23,350/77,200. Conversely, below 22,900/75700, selling pressure is likely to increase, and the market may slip towards 22,750/75,200 levels,” said Shrikant Chouhan, head, equity research, Kotak Securities.

Infosys Ltd., ICICI Bank Ltd., HDFC Bank Ltd., Bajaj Auto Ltd., and Tata Consultancy Services Ltd. added to the Nifty 50 index.

Bharat Petroleum Corp, NTPC Ltd., Hindustan Unilever Ltd., HDFC Life Insurance Co., and JSW Steel Ltd. limited gains in the index.

On NSE, 10 sectoral indices rose, and two declined out of 12. The NSE Media rose the most, and the NSE FMCG declined the most.

Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap were up 0.89% and 1.04% higher, respectively.

On BSE, 19 sectors advanced and two declined out of 21. The BSE IT rose the most, and BSE FMCG declined the most.

Market breadth was skewed in favour of buyers. Around 2,162 stocks advanced, 699 stocks declined, and 114 stocks remained unchanged on BSE.

Yield On The 10-Year Bond Opens Flat

The yield on the 10-year bond opened flat at 6.69%. It closed at 6.69% on Tuesday, according to data on Bloomberg.

Stock Market Live: Nifty, Sensex Higher At Pre-Open

At pre-open, the NSE Nifty 50 was 0.30% or 69.30 points higher at 23,026.75, and the BSE Sensex was 0.315 higher at 76,138.24.

Rupee Opens Weaker Against US Dollar

Rupee weakened by 5 paise to open at 86.58 against the US Dollar. It closed at 86.53 on Tuesday, according to data on Bloomberg.

Stock Market Live: Va Tech Wabag Secures Contract In Bahrain

VA TECH WABAG has secured a 7-year contract worth approximately Rs 121 crore for wastewater treatment in Bahrain, according to an exchange filing.

Stock Market Live: Nuvama Upgrades Suzlon Energy To Buy

  • Nuvama Upgrades Suzlon Energy To Buy vs Hold before, revised target at Rs 60 (19% upside)

  • Rating upgraded on valuation comfort and price correction

  • Third saw robust execution of 447 megawatt vs estimate of 360 MW

  • Suzlon Energy’s 5.5 GW order book executable over 24 months

  • Remains long-term positive on company, tweak FY25–27 estimates to factor in improved execution

Oil Update: Crude Prices Decline 

Crude oil prices declined in the Asia session. It ended higher on Tuesday as risk-off sentiment rose among investors after White House re-affirmed that US President Donald Trump will impose tariff on Canada and Mexico.

As of 7:51 a.m., brent crude was trading 0.08% down at $77.43 a barrel.

Asia Market Update: Share Indices Rise

Markets in Japan and Australia rose on Wednesday, tracking overnight recovery on Wall Street. Several markets in the region remained closed for Lunar Holiday.

As of 7:26 a.m., the Nikkei 225 was 0.45% up, and the S&P ASX 200 was 0.91% higher.

US Market Update: Markets Rebound From Tech Stock Rout

Markets in the US rebounded from technology stocks rout on Tuesday. Investors now focused on policy outcomes from major central banks, due later this week.

On Tuesday, the Dow Jones Industrial Average and S&P 500 ended 0.31% and 0.92% higher, respectively. The Nasdaq Composite ended 2.03% higher.

GIFT Nifty Near 23,000; Colgate-Palmolive, Bajaj Auto, JSW Infra Share Prices In Focus

The GIFT Nifty was trading near 23,000 in early trade on Wednesday. Colgate Palmolive India Ltd., Bajaj Auto Ltd., and JSW Infrastructure Ltd. share prices may react as the companies released their third quarter numbers after market hours the previous day.

As of 6:42 a.m., the GIFT Nifty was trading 0.08%, or 18.50 points, lower at 23,034.00.

The Indian equity benchmark indices closed higher, ending a two-day decline, as bank stocks led gains.

The NSE Nifty 50 ended 146.90 points, or 0.64%, up at 22,976.05, and the 30-stock BSE Sensex ended 535.23 points, or 0.71%, higher at 75,901.41.

. Read more on Markets by NDTV Profit.IT and financial services stocks added to gains in benchmark indices. Get live updates on stock markets here on Jan. 29.  Read MoreMarkets, Business, Notifications 

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