Stock Market Live Update: Titan Share Price Off Highs 

Titan Co. share price was trading off highs. The company’s third-quarter earnings have led analysts to retain their bullish ratings on the stock.

Stock Market Live Updates Today: Nifty, Sensex Open Higher As HDFC Bank & ICICI Bank Contribute Most

The NSE Nifty 50 and BSE Sensex opened higher on Wednesday as HDFC Bank Ltd. and ICICI Bank Ltd. contributed the most. As of 9:18 a.m., the Nifty 50 was 35.15 points or 0.15% higher at 23,774.40, and the Sensex was trading flat at 78,587.30.

“The Nifty 50 has broken on the higher side with strong up move near to 23,800 levels and now the round number of 24,000 will act as strong resistance from current levels. The hourly average would move higher to 23,480 which should be a good retracement levels after a sharp up move followed by the 20-day average at 23250 levels. f RSI has crossed the average line with sharp momentum and other key technical indicators are in line with the index up move. Highest call OI has moved higher to 24,000 strikes while the downside the highest put is at 23,500 for the weekly expiry,” said Vikas Jain, head, research at Reliance Securities.

HDFC Bank Ltd., Infosys Ltd., Oil and Natural Gas Corp Ltd., Tata Consultancy Services Ltd., and Bharat Petroleum Corp Ltd. added to the Nifty 50 index.

Asian Paints Ltd., Reliance Industries Ltd., Larsen & Toubro Ltd., Titan Co. Ltd., and Nestle India Ltd. weighed on the Nifty 50 index.

On NSE, nine sectors advanced, three declined out of 12. The NSE Nifty FMC declined the most, and the NSE Nifty Oil & Gas rose the most.

The BSE Midcap and Smallcap indices were trading 0.59% and 0.80% higher, respectively.

On BSE, 17 sectors advanced and four declined out of 21. The BSE Oil & Gas rose the most, while the BSE FMCG declined the most.

Market breadth was skewed in favour of buyers. Around 2,146 stocks advanced, 693 stocks declined, and 122 stocks remained unchanged on BSE.

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

At pre-open, the NSE Nifty 50 was trading 0.27% higher at 23,801.75, and the BSE Sensex was 0.15% higher at 78,704.60.

Yield On The 10-Year Bond Opens Flat

The yield on the 10-year bond opened flat at 6.66%. It closed at 6.67% on Tuesday, according to data on Bloomberg.

Rupee Opens Weaker Against US Dollar

Rupee weakened by 4 paise to open at 87.12 against the US Dollar. It closed at 87.08 on Tuesday, according to data on Bloomberg.

Stock Market Live Updates: Titan Concall Highlights 

  • Gold is growing at the same rate as studded is growing

  • Gold coins growth has gone up

  • Dilution in margins could take place in studded due to unprecedented rise in gold prices

  • Jewellery EBIT margins to be in the guided range of 11-11.5%

Stock Market Today: Bombay High Court Orders CBI Investigation Into Complaints Against Jai Corp 

The Bombay High Court has ordered a CBI investigation into complaints filed against Jai Corp, its arm, and chairman, as disclosed in the company’s exchange filing

Stock Market Live Update: Gold Hits Record High Of Rs 83,800

Gold price in India stood at Rs 83,890 per 10 grams as of 7:45 a.m. on Feb. 4, according to the India Bullion Association. The prices saw more than Rs 500 increase compared to Tuesday, marking a new record high.

Stock Market Today: Poonawalla Fincorp Partners With ServiceNow 

Poonawalla Fincorp Ltd. has partnered with ServiceNow to leverage Generative AI-powered solutions for enhancing its audit and governance capabilities, according to an exchange filing.

Stock Market Live Updates: JTL Industries Secures Orders Worth Rs 24 Crore

JTL Industries has secured an order worth Rs 24 crore from the Jammu and Kashmir government to supply 3,000 metric tons of pipes, according to an exchange filing.

Stock Market Live: Angel One January Business Update (YoY)

  • Number of orders down 24.3% At 126 Million Vs 166 Million

  • Gross client acquisition down 36% At 6.6 lakh Vs 10.3 lakh

  • January client base rose 47.5% At 30.1 million Vs 20.4 million

  • January average client funding book rose 86.7% At Rs 4,199 crore Vs Rs 2,249 crore

Source: Exchange Filing

Oil Update: Crude Oil Prices Continues To Decline On Bleak Demand Outlook 

Crude oil prices extended decline to a second day as demand outlook remained bleak. Traders fear that global growth will be hurt because of an imminent war between the world’s largest economies.

Further, data from the American Petroleum Institute reported that US crude oil inventories rose, weighing on the prices.

The March future contract of brent crude was trading 0.39% down at $75.90 a barrel as of 8:16 a.m., according to data on Bloomberg terminal.

Asia Market Update: Markets In China Log Losses After Re-Open On Trade War Concerns

Markets in China were trading in losses after it opened following a one-week holiday. Market participants assess the potential impact of tariff on the country. The CSI 300 was trading 0.17% down. The Hang Seng was 0.18% down.

The Nikkei 225 was 0.18% down. However, markets in Australia, South Korea were trading in green.

Markets in China was closed for lunar holidays.

US Market Update: Stock-Gauges End Higher As Tariff Pause Provided Temporary Relief 

Share indices in the US ended Tuesday with gains as due to a one-month pause in the tariff imposition in Canada, and Mexico provided a temporary relief to market participants.

On Tuesday, the Dow Jones Industrial Average and S&P 500 ended 0.30% and 0.72% higher, respectively. The Nasdaq Composite ended 1.35% higher.

Stock Market Live News: GIFT Nifty Trades Below 23,900

Asian stocks opened higher tracking overnight Wall Street gains as traders await the implications of the renewed US-China trade war. The tariffs on Canada and Mexico were however put on hold.

All eyes will be on the opening of China’s stock market after a long break as the country imposed retaliatory tariffs almost immediately after US tariffs came into force. China will also investigate Google for alleged antitrust violations.

The GIFT Nifty, an early indicator of the Nifty 50’s performance in India, was down 17.5 or 0.07% at 23,846 as of 7:10 a.m.

Japan’s Nikkei was up 126 points, or 0.32% at 38,916 while South Korea’s Kospi rose 1.17%, or 20 points to 2,510 as of 6:38 a.m. Future contracts in China hinted at a negative start for the stocks while Hong Kong looks poised for gains.

The dollar index — which tracks the greenback’s performance against a basket of 10 leading global currencies — was 0.01% down at 107.94. China Caixin services PMI data will be in focus on Wednesday while India gears up for its interest rate decision later this week.

Meanwhile, buying on dips in the US stocks sent Wall Street higher with the heavyweight leading the gains. The S&P 500 and the tech-heavy Nasdaq Composite rose 0.72% and 1.35%, respectively. The Dow Jones Industrial Average advanced 0.30%.

. Read more on Markets by NDTV Profit.The GIFT Nifty, an early indicator of the Nifty 50’s performance in India, was down 17.5 or 0.07% at 23,846 as of 7:10 a.m.  Read MoreMarkets, Business, Notifications 

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