Stock Market Live Update: Solaria Active Pharma Incorporates New Subsidiary

Solaria Active Pharma Science Ltd.’s board has approved the incorporation of a new wholly-owned subsidiary.

Stock Market Live: Nifty Bank Slumps After RBI MPC Cut Rate By 25 Basis Points

The NSE Nifty Bank slumped after the Reserve Bank of India cut the benchmark repo rate by 25 basis points to 6.25%. It fell 0.47% to 50,143.35.

Track live updates on RBI MPC meeting with NDTV Profit.

Rupee Rises Against US Dollar

  • Rupee rose 25 paise to 87.33 against US Dollar

  • It opened at 11 paise higher at 87.48 a dollar.

  • It closed at 87.58 a dollar on Thursday.

Source: Bloomberg

Yield On The 10-Year Bond Rises After MPC Cut Rate

  • The yield on the 10-year bond rose 2 basis points lower to 6.68%

  • It opened at 6.64%

  • It closed at 6.66% on Thursday

Source: Bloomberg

Stock Market Live Update: Bharti Airtel Share Price Jumps Most In Three Months 

Bharti Airtel Ltd. share price jumped the most since October as it reported a four-fold rise in its net profit. Its net profit rose to Rs 14,781.2 crore versus Rs 3,593.2 crore.

Stock Market Live: Cummins India To Sell Stakes In Its Subsidiary

Cummins India has approved the sale of its entire 100% stake in its wholly-owned subsidiary, Cummins Sales and Service Private Limited (CSSPL), to PAL SVAM Power Solutions for Rs 56.5 crore.

Stock Market Live Update: Cochin Shipyard Share Price Falls Over 5% 

Cochin Shipyard Ltd. share price fell over 5% during open. It pared some losses to trade 3.08% down at Rs 1,368 apiece as of 9:34 a.m., as compared to 0.03% decline in the NSE Nifty 50 index.

Stock Market Live Update: NCC Share Price Locked In Lower Circuit 

NCC Ltd. share price hit 10% lower circuit and fell to Rs 213.80 apiece. As of 9:29 a.m., NCC remained locked in lower circuit.

Stock Market Today: Nifty, Sensex Open Higher Before MPC Rate Decision; Airtel Top Gainer

The NSE Nifty 50 and BSE Sensex opened higher before Reserve Bank of India’s Monetary Policy Committee announces its decision on India’s benchmark repo rate. Bharti Airtel Ltd., HDFC Bank Ltd. share prices contributed the most to the gain.

As of 9:19 a.m., the Nifty 50 was trading 15.50 points or 0.07% down at 23,587.85, and the Sensex was trading 70.59 points or 0.1% down at 77,987.57.

“The market remains largely optimistic from the start, as indicated by the GIFT Nifty as well, underscoring a positive start for the benchmarks. We believe the market has already priced in the effect of a 25 bps rate cut in the past positive sessions during the week, thus any other deviation from expectations and commentary of the governor would serve as key parameters to gauge the market momentum,” said Ameya Ranadive, senior technical analysts, StoxBox.

Bharti Airtel Ltd., HDFC Bank Ltd., Mahindra & Mahindra Ltd., Britannia Industries Ltd., and UltraTech Cement Ltd. added to the Nifty 50 index.

Reliance Industries Ltd., ITC Ltd., Power Grid Corp, Infosys Ltd., and Tata Consultancy Services Ltd. weighed on the Nifty 50 index.

Market breadth was evenly split between buyers and sellers. Around 1,254 stocks declined, 1,207 stocks advanced, and 110 stocks remained unchanged on BSE.

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

At pre-open, the NSE Nifty 50 was trading 46.15 points or 0.20% higher at 23,649.50, and the BSE Sensex was trading 0.08% higher at 78,119.60.

Yield On The 10-Year Bond Opens Lower

  • The yield on the 10-year bond opened 2 basis points lower at 6.64%

  • It closed at 6.66% on Thursday

Source: Bloomberg

Rupee Opens Stronger Against US Dollar Before MPC Decision

  • Rupee opened 11 paise higher at 87.47 against US Dollar

  • It closed at 87.58 a dollar on Thursday.

Source: Bloomberg

Stock Market Live Update: HSBC On Bharti Airtel 

  • Reiterate Buy with unchanged Target of Rs 1,940, upside 16.8%

  • Well positioned for ROIC improvement

  • Driven by margin expansion and improving invested capital turnover

  • Forecast mobile ARPU to reach Rs 301 by FY27

  • Expect deleveraging to improve on expectation of capex intensity to decline

Stock Market Live: JSW Energy In PPA With Amazon

JSW Energy’s arm, JSW Neo Energy, has signed a power purchase agreement with Amazon to supply 180 MW of wind power, the company said in an exchange filing

Stock Market Live: Solar Industries Gets Contract Worth Rs 6,084 Crore From Ministry Of Defence

Solar Industries (India) Ltd. arm, Economic Explosives, has signed a contract worth Rs 6,084 crore with the Ministry of Defence to supply defence products, and has also been nominated by the Defence Research and Development Organisation as the production agency for all variations of the Pinaka Rocket System.

RBI Monetary Policy Preview: Falling Rupee, GDP Growth Concerns Could Mean Rate Cut

The Reserve Bank of India’s Monetary Policy Committee will meet from Feb. 5-7 for policy review, soon on the steps of the union budget last Saturday. This is the first MPC meeting after the appointment of Governor Sanjay Malhotra and the re-designation of Rajeshwar Rao in the monetary policy department, and the second MPC meeting for the three external members — Ram Singh, Saugata Bhattacharya, and Nagesh Kumar.

Read the full article here.

Track updates on RBI’s Monetary Policy Committee’s meeting live here.

Oil Prices Snap Two-Day Declining Streak 

Oil prices snapped a two-day declining streak on Friday. The oil prices have been declining on demand concern after the US announced that it will levy tariff on Mexico, Canada, and China. Market participants now await US January employment report.

Brent crude was trading 0.44% higher at $74.63 a barrel as of 8:16 a.m.

Asia Market Update: Most Stock-Gauges Fall; India’s Rate Decision In Focus 

Most Asia-Pacific share indices declined on Friday. Market participants in the region parse Japan’s spending data, while waiting for India’s rate decision, due later today.

The Nikkei 225 and S&P ASX 200 were trading 0.46% and 0.02% down. The CSI 300 was trading 0.70% higher.

US Market Update: Most Share Indices End Higher As Tariff Concerns Wane

Most share indices in the US ended higher as tariff concerns continued to wane. The Dow Jones Industrial Average ended 0.28% down, and S&P 500 ended 0.36% higher. The Nasdaq Composite ended 0.51% higher.

Stock Market Live: Gift Nifty Trades Above 23,700

The GIFT Nifty was trading above 23,700 early Friday, ahead of the RBI Monetary Policy Committee meeting.

The futures contract based on the benchmark Nifty 50 rose 0.23% or 55 points at 23,722.50 as of 7:30 a.m., indicating a likely higher start at market open.

The Nifty 50 and BSE Sensex extended losses to the second day on Thursday, ending 0.29% and 0.27% lower, respectively.

. Read more on Markets by NDTV Profit.The futures contract based on the benchmark Nifty 50 rose 0.23% or 55 points at 23,722.50 as of 7:30 a.m., indicating a likely higher start at market open.  Read MoreMarkets, Business, Notifications 

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