Stock Market Live Updates: Jain Irrigation System Q3 Earnings Key Highlights (Consolidated, YoY)

  • Net Profit down 90% at Rs 95 lakh compared to Rs 9.8 crore

  • Revenue rose 0.2% to Rs 1,361 crore versus Rs 1,358 crore

  • Ebitda rose 2.6% to Rs 176 crore versus Rs 171 crore

  • Margin at 12.9% versus 12.6%

Stock Market Live Updates: Info Edge To Consider Stock Split

Info Edge (India) Ltd.’s board will consider a stock split on February 5, according to an exchange filing.

Stock Market Live Update: Bajaj Healthcare In Focus

  • Receives DCGI approval to manufacture Pimavanserin in India

  • Company will also manufacture Pimavanserin for other Indian Pharma Cos

  • Pimavanserin is an atypical antipsychotic drug

  • Pimavanserin is used for the treatment of hallucinations and delusions associated with Parkinson’s disease psychosis

  • Pimavanserin, marketed globally as Nuplazid

Alert

Acadia Pharmaceuticals

Nuplazid, along with its other brand Daybue , is projected to generate more than $1 billion in net sales in 2025

Stock Market Live Update: L&T Gets Order Worth In Range Of Rs 1,000–2,000

Larsen & Toubro Ltd. has secured an order in the range of ₹1,000-2,000 crore for the development of freight handling facilities in the Middle East, as per an exchange filing.

Stock Market Live Updates: JBM Auto Shares Gain 8% As Net Profit Rises 

JBM Auto share price rose in Thursday’s session as it posted an increase in its net profit during third quarter.

Tata Motors To See Longest Losing Streak In A Decade

Stock Market Update: Natco Pharma Gets Approval For A Drug Used In Treating Tuberous Sclerosis

Natco Pharma has received approval for the ANDA of Everolimus tablets for oral suspension, a medication used to treat Tuberous Sclerosis Complex, according to an exchange filing.

Whirlpool Shares Locked In Lower Circuit Near 10-Month On Parent’s Stake Sale Plans

Whirlpool of India Ltd. saw its share price fall to a nearly 10-month low on Thursday after parent Whirlpool Corp. revealed stake sale plans. The appliance maker’s share price was locked in 20% lower circuit in early trade on Thursday.

KPI Green Stock Hits 5% Upper Circuit

KPI Green Energy Ltd. share price hit the 5% upper circuit during early trade on Thursday after the company secured a deal worth Rs 1,311.4 crore from Coal India Ltd. The stock traded at Rs 349.85.

Stock Market Live Update: Citi Research On Star Health And Allied Insurance

  • Upgrade to Buy from Sell

  • Target price hiked from Rs 490 to Rs 525, which implied a 20% upside.

  • Sell premised around increased backbook and elevated medical inflation along with weakening new business

  • Post that ramped up agency, diversifying distribution engine and hiking prices on multiple products

  • Better visibility on incremental claims trends

  • Profitability improvement trajectory will be gradual

  • Sweet entry point will reward the patient investor

  • Rollover to Dec‘26E. and hike TP

Stock Market Live: KPI Green Energy Signs Contract Worth Rs 1,311 Crore With Coal India 

KPI Green Energy Ltd. has signed a contract worth Rs 1,311 crore with Coal India for the development of a 300 megawatt Solar PV plant in Gujarat, as per an exchange filing

Nifty, Sensex Open Flat; Bajaj Finance, Airtel Contribute Most: Opening Bell 

The NSE Nifty 50 and BSE Sensex opened flat on Thursday. Bajaj Finance Ltd., and Bharti Airtel Ltd. contributed the most to the benchmark Nifty 50.

As of 9:17 a.m., the Nifty 50 was 3.40 points or 0.02% down at 23,159.70, and the Sensex was trading flat at 76,529.60.

“Nifty 50 is expected to trade between 21,800-23,700, with resistance at 24,000. Suzlon Energy posted strong Q3 results with a 91% profit surge, while KPIT Technologies raised its EBIT margin guidance for FY2025. Stocks to watch include Indian Hotels, DLF, Bajaj Healthcare, and Bajaj Auto for bullish opportunities,” said Prashanth Tapse, senior vice president, research.

Bajaj Finance Ltd., Bharti Airtel Ltd., Bajaj Finserve Ltd., Maruti Suzuki India Ltd., and Hindustan Unilever Ltd. added to Nifty 50 index.

Tata Motors Ltd., Infosys Ltd., ICICI Bank Ltd., HDFC Bank Ltd., and Kotak Mahindra Bank Ltd. weighed on the Nifty 50.

On NSE, nine sectors advanced and three declined out of 12. The NSE Nifty Realty rose the most, and the NSE Nifty Auto declined the most.

Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices were trading 0.13% and 0.17% higher, respectively.

On BSE, 14 sectors advanced, and seven declined out of 21. The BSE Realty rose the most, and the BSE Consumer Durables declined the most.

Market breadth was skewed in favour of buyers. Around 1,939 stocks advanced, 840 stocks declined, and 130 stocks remained unchanged on BSE.

Stock Market Live Update: Bajaj Healthcare Gets DGCI Approval To Make Drug To Treat Hallucinations 

Bajaj Healthcare Ltd. has received DCGI approval for the manufacturing of Pimavanserin in India, a drug used to treat hallucinations and delusions associated with Parkinson’s Disease Psychosis, according to an exchange filing.

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

At pre-open, the NSE Nifty 50 was trading 6.40 points or 0.03% higher at 23,169.50, and the BSE Sensex was trading 0.08% higher at 76,592.19.

Stock Market Live: Rupee Opens Weaker Against US Dollar

  • Rupee weakened by 3 paise to open at 86.58 against the US Dollar.

  • It closed at 86.55 on Wednesday.

Source: Bloomberg

Stock Market Today: JPMorgan On India Strategy

  • Government’s spending power is likely to be limited by lower deficit targets, lower indirect-tax income

  • With equity markets correcting, capital gains taxes contribution can be expected to slow in the coming year

  • Fiscal policy expected to tighten, the onus will be more on monetary policy to stem the slowdown

  • Believe the upcoming budget will continue to prioritize infrastructure and public investment, with some support for consumption

  • Emphasis will be on key sectors like Railways, Housing (PMAY), Urban Infrastructure, Defence, besides retaining the concessional loans extended to states

  • Budget speech will be important if it touches upon any pressing economic reforms or policies

  • Recommend hedging with Nifty collars and buying straddles to prepare for potential near-term volatility into India’s budget

  • Reiterate Overweight on Financials, Consumer Staples, Healthcare, Real Estate and Industrials

Stock Market Live Update: Emkay Global On US FOMC Meet Outcome’s Impact On India 

  • Expect QT to continue through until at least 3Q of this year

  • Baseline is for the US Federal Reserve to remain on hold for upcoming meetings, before normalizing policy mildly later in the year

  • Do not rule out no Fed cuts either

  • Reckon there is somewhat a political angle to this

  • With Fed’s action largely priced in, there has been easing elsewhere across developed markets

  • Seeing some key EMs easing or on their way to easing rates

  • Policy trilemma could tilt more toward letting the INR find its equilibrium to some extent

  • May provide some policy flexibility to RBI on rate settings in general

  • Opens up space for a Feb-25 repo cut

Stock Market Live Update: Nuvama On Tata Motors

  • Retain Reduce with a target price Rs 720 versus Rs 750 earlier

  • Company lagged estimate due to realisation/margin miss in JLR and the India CV division

  • JLR revenue guidance cut reduces our FY25E EBITDA by 4%.

  • Building in a muted revenue and EBITDA CAGR of 2% each over FY25–27E.

  • Expect muted performance at 1% CAGR in India CV division

Asia Market Update: Japan’s Markets Rebound In Holiday Thin Trade

Markets in Japan recovered on Thursday in holiday thin trade. Most markets in the region remained closed for Lunar holiday. Market participants in the region assessed outcome of the US Federal Open Market Committee’s policy meet outcome.

The Nikkei 225 was trading 0.19% higher as of 7:45 a.m.

US Market Update: Share Indices Decline Post FOMC Outcome 

Share indices on Wall Street ended lower Wednesday. The Federal Open Market Committee kept the benchmark federal fund rate unchanged at 4.25%–4.50%. Most investors assessed the US rate-setting panel’s tone as less hawkish.

Losses in technology stocks weighed on the investors sentiment.

On Wednesday, the Dow Jones Industrial Average and S&P 500 ended 0.31% and 0.47% down, respectively. The Nasdaq Composite ended 0.51% down.

GIFT Nifty Near 23,100; Brigade Enterprise, Chalet Hotels, Tata Motors In Focus

The GIFT Nifty was trading near 23,100 in early trade Thursday. Brigade Enterprises Ltd., Chalet Hotels Ltd., and Tata Motors Ltd. share prices may react due to their latest quarter results.

The GIFT Nifty was trading 0.12%, or 27 points, higher at 23,140.50 as of 6:57 a.m.

The Indian equity benchmark indices closed higher for the second day in a row on Wednesday as Shriram Finance Ltd., Bharat Electronics Ltd. and Tata Motors Ltd. led the gains.

The NSE Nifty 50 ended 205.85 points, or 0.90%, up at 23,163.10, and the BSE Sensex ended 631.55 points, or 0.83%, higher at 76,532.96.

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