Stocks in the Asia-Pacific region advanced on Friday tracking an overnight rally on Wall Street that pushed stocks to record highs. All eyes will be on the Bank of Japan, which is widely expected to raise interest rates today.

Japan’s Nikkei was 207 points, or 0.52%, higher at 40,165, while Australia’s S&P ASX 200 was up 26 points, or 0.31%, at 8,404, as of 6:38 a.m. Futures contracts in China and Hong Kong pointed to gains.

Bank of Japan will deliver its interest rate decisions on Friday and is widely expected to raise its benchmark rate by the most in 18 years, according to Bloomberg. A 25 basis point increase would be the largest since February 2007. 

On the commodities front, crude oil prices fell after US President Donald Trump urged OPEC to lower crude prices while pushing for interest-rate cuts. Trump said he would ask Saudi Arabia and other OPEC nations to “bring down the cost of oil.”

Stocks on Wall Street surged to new highs driven by a late-day rebound in technology companies. The S&P 500 and the Dow Jones Industrial Average rose 0.53% and 0.92%, respectively. The tech-heavy Nasdaq Composite climbed 0.22%.

The Indian benchmark indices extended their gains to day two on Thursday, led by UltraTech Cement Ltd. and information-technology stocks on positive earnings and optimism over Donald Trump’s AI policies.

The S&P BSE Sensex closed 115 points or 0.15% up at 76,520.38, while the NSE Nifty 50 was 50 points or 0.22% higher at 23,205.35. Intraday, the Nifty rose 0.5% to 23,270.80, and the S&P BSE Sensex advanced 0.44% to 76,743.54.

Shares of Coforge Ltd. and Persistent Systems Ltd. surged 11% and 12%, respectively, on positive third-quarter earnings. Tech sentiments were also buoyed by Trump’s push to make the US an AI superpower by having fewer guardrails.

Earnings To Watch

Nifty Earnings To Watch: JSW Steel and Shriram Finance.

Other Earnings To Watch: Aagam Capital, Aakash Exploration Services, Aditya Birla Money, Ador Welding, Agri-Tech (India), Alkyl Amines Chemicals, Alphalogic Techsys, Andhra Cements, Arkade Developers, Ashirwad Steels & Industries, Associated Alcohols & Breweries, Atul, AU Small Finance Bank, Avon Mercantile, Bank of India, BEML Land Assets, Beryl Securities, Bharat Gears, Binani Industries, Centrum Capital, Chembond Chemicals, Creditaccess Grameen, Cybertech Systems and Software, DAM Capital Advisors, DCB Bank, DLF, Duncan Engineering, EMS, Fedbank Financial Services, First Custodian Fund (India), Forbes Precision Tools and Machine Parts, Godrej Consumer Products, Gothi Plascon (India), Granules India, GRP, LB Infotech Enterprises, Intellect Design Arena, InterGlobe Aviation, J.A. Finance, Jindal Saw, Kratos Energy & Infrastructure, Lasa Supergenerics, Laurus Labs, LMW, Mega Nirman and Industries, Mehai Technology, Midland Polymers, NIIT, Nureca, Omax Autos, Orient Cement, Orient Green Power Co., Orosil Smiths India, PH Trading, Photoquip India, PNGS Gargi Fashion Jewellery, Pondy Oxides & Chemicals, Regency Fincorp, Resonance Specialties, RPG Life Sciences, Sagar Cements, Sampann Utpadan India, Sasken Technologies, SBC Exports, Shakti Pumps (India), Sharda Cropchem, Shree Digvijay Cement, Solara Active Pharma Sciences, Steel Exchange India, Supriya Lifescience, Surana Solar, Suven Life Sciences, Tanfac Industries, Torrent Pharmaceuticals, Transgene Biotek, Tree House Education & Accessories, Trident, TTK Healthcare, Ugro Capital, Vimta Labs, and Vishnu Chemicals.

Earnings Post Market Hours

Sona BLW Precision Forgings Q3 Earnings (Cons, YoY)

  • Revenue up 11% at Rs 868 crore versus Rs 782 crore (Est: Rs 905 crore).

  • Ebitda up 0.4% at Rs 234 crore versus Rs 233 crore (Est: Rs 249 crore).

  • Margin up 280 bps at 27% versus 29.8% (Est: 27.5%).

  • Net profit up 13% at Rs 151 crore versus Rs 134 crore (Est: Rs 155 crore).

United Spirits Q3 Earnings (Cons, QoQ)

  • Revenue up 11.1% at Rs 3,433 crore versus Rs 3,002 crore

  • Ebitda up 16.9% at Rs 568 crore versus Rs 486 crore

  • Margin at 16.5% versus 16.2%

  • Net Profit down 4.3% at Rs 335 crore versus Rs 350 crore

Cyient Q3 Earnings (Cons, QoQ)

  • Revenue up 4.2% at Rs 1,926 crore versus Rs 1,849 crore.

  • EBIT down 8.4% at Rs 211 crore versus Rs 231 crore.

  • EBIT margin at 11% versus 12.5%.

  • Net profit down 31.7% at Rs 122 crore versus Rs 179 crore.

Amber Enterprises India Q3 Earnings (Cons, YoY)

  • Revenue up 65% at Rs 2,133 crore versus Rs 1,295 crore (Est: Rs 1,691 crore).

  • Ebitda at Rs 158.7 crore versus Rs 78.5 crore (Est: Rs 115 crore).

  • Margin at 7.4% versus 6.1% (Est: 6.8%).

  • Net profit at Rs 35.9 crore versus loss of Rs 48 lakh (Est: Rs 20 crore).

Spandana Sphoorty Financial Q3 Earnings (YoY)

  • Total income down 14.9% at Rs 529 crore versus Rs 622 crore.

  • Net loss at Rs 394 crore versus profit of Rs 118 crore.

Dr Reddy’s Laboratories Q3 (Cons, YoY)

  • Revenue up 15% at Rs 8,381 crore versus Rs 7,237 crore.

  • Ebitda up 12% at Rs 2,273 crore versus Rs 2,023 crore.

  • Margin at 27.1% versus 28%.

  • Net profit up 2% at Rs 1,414 crore versus Rs 1,381 crore.

Adani Green Energy Q3 Earnings (Cons, YoY)

  • Revenue up 2% at Rs 2,365 crore versus Rs 2,311 crore.

  • Ebitda at Rs 1,601 crore versus Rs 1,666 crore.

  • Margin at 67.7% versus 72.1%.

  • Net profit up 85% at Rs 474 crore versus Rs 256 crore.

Greaves Cotton Q3 Earnings (Cons, YoY)

  • Revenue up 13% at Rs 751 crore versus Rs 665 crore.

  • Ebitda up 12% at Rs 39.7 crore versus Rs 35.3 crore.

  • Margin at 5.28% versus 5.3%.

  • Net profit down 64% at Rs 21 crore versus Rs 58 crore.

  • Exceptional gain od Rs 6.17 crore versus gain of Rs 47.16 crore.

Thyrocare Technologies Q3 Earnings (Cons, YoY)

  • Revenue up 23% at Rs 166 crore versus Rs 135 crore.

  • Ebitda up 32% at Rs 41.8 crore versus Rs 31.6 crore.

  • Margin at 25.2% versus 23.4%.

  • Net profit up 24% at Rs 19.1 crore versus Rs 15.4 crore (Cons, YoY).

Kfin Technologies Q3 Earnings (Cons, YoY)

  • Revenue up 32% at Rs 290 crore versus Rs 219 crore.

  • Ebitda up 33% at Rs 131 crore versus Rs 98 crore.

  • Margin at 45% versus 44.8%.

  • Net profit up 35% at Rs 90.1 crore versus Rs 66.8 crore.

Hindustan Petroleum Corp Q3 Earnings (QoQ)

  • Revenue up 10.1% at Rs 1.10 lakh crore versus Rs 99,926 crore.

  • Ebitda at Rs 5,970 crore versus Rs 2,724 crore.

  • Margin at 5.4% versus 2.7%.

  • Net profit at Rs 3,023 crore versus Rs 631.2 crore.

V2 Retail Q3 Earnings (Cons, YoY)

  • Revenue up 58% at Rs 591 crore versus Rs 374 crore.

  • Ebitda up 83% at Rs 111 crore versus Rs 60.9 crore.

  • Ebitda margin at 18.9% versus 16.3%.

  • Net profit up 117% at Rs 51.2 crore versus Rs 23.6 crore.

Ujjivan Small Finance Bank Q3 (YoY)

  • NII up 3% at Rs 887 crore versus Rs 860 crore.

  • Net profit down 63.8% at Rs 109 crore versus Rs 300 crore.

  • Gross NPA at 2.68% versus 2.52% (QoQ).

  • Net NPA at 0.56% versus 0.56% (QoQ).

Plans to apply for universal banking license in Q4.

Indian Energy Exchange Q3 Earnings (Cons, YoY)

  • Revenue up 14% at Rs 132 crore versus Rs 115 crore.

  • Ebitda up 14% at Rs 113 crore versus Rs 98.8 crore.

  • Margin at 85.4% versus 85.7%.

  • Net profit up 31% at Rs 107 crore versus Rs 81.8 crore.

Tejas Networks Q3 Earnings (Cons, YoY)

  • Revenue at Rs 2,642 crore versus Rs 560 crore.

  • Ebitda at Rs 371.6 crore versus Ebitda loss of Rs 7.5 crore.

  • Margin at 14.1%.

  • Net profit at Rs 166 crore versus loss of Rs 44.9 crore.

Indus Towers Q3 Earnings (Cons, YoY)

  • Revenue at Rs 7,547 crore versus Rs 7,199 crore.

  • Ebitda at Rs 6,997 crore versus Rs 3,622 crore.

  • Ebitda margin expanded from 49.8% to 92.2%.

  • Net profit at Rs 4,003 crore versus Rs 1,540 crore.

Ebitda includes Rs 2,825 crore as allowances for doubtful receivables.

Mankind Pharma Q3 Earnings (Cons, YoY)

  • Revenue up 24% at Rs 3,230 crore versus Rs 2,607 crore (Est: Rs 3,180 crore).

  • Ebitda up 36% at Rs 830 crore versus Rs 607 crore (Est: Rs 837 crore).

  • Margin at 25.7% versus 23.3% (Est: 26.3%).

  • Net profit down 16.2% at Rs 380 crore versus Rs 454 crore (Est: Rs 470 crore).

  • Decrease in net profit was led by increase in finance cost of the company. The finance cost increased 24 times due to acquisition of BSV.

Mphasis Q3 Earnings (Cons, QoQ)

  • Revenue up 0.7% at Rs 3,561 crore versus Rs 3,536 crore.

  • EBIT up 0.2% at Rs 546 crore versus Rs 544 crore.

  • EBIT margin at 15.3% versus 15.4%.

  • Net profit up 1.1% at Rs 428 crore versus Rs 423 crore.

Nippon Life AMC Q3 Earnings (Cons, QoQ)

  • Revenue down 12.87% at Rs 603 crore versus Rs 692 crore.

  • Net profit was down 18.05% at Rs 295 crore versus Rs 360 crore.

  • India AUM stood at Rs 6.56 lakh crore.

  • Retail assets contributed 31% to AUM versus industry average of 27%.

  • Highest-ever quarterly operating profit at Rs 376 crore – up 50% YoY.

Stocks To Watch 

  • Kotak Mahindra Bank: The lender completed acquisition of the personal loan book of Standard Chartered Bank for Rs 3,330 crore.

  • Adani Wilmar: The FMCG company commenced operations at an integrated food processing plant in Haryana, which is poised to generate 2,000 jobs through direct and indirect employment.

  • Patanjali Foods: The FSSAI has directed the company to recall a batch of chili powder due to non-conformance with food safety standards.

  • NHPC: The state-owned company has incorporated a joint venture with Andhra Pradesh Power Generation Corp for renewable energy projects.

  • Akums Drugs and Pharmaceuticals: No assessment order was received by the company in relation to the search conducted by the IT department at offices and plants between Jan. 15-21. 

  • Infosys: The board of directors of the company’s arm approved a merger among units in-tech Holding, F&W APAC with in-tech.

  • Mazagon Dock Shipbuilders: The defence company clarified that no negotiations were held with the Indian Navy till date with regard to the P75(1) project, on reports stating that the company is likely to qualify for a Rs 70,000 crore submarine project.

  • Lloyds Engineering Works: The company entered into a memorandum of understanding with EMCO for land acquisition in Nagpur.

  • HG Infra Engineering: The company incorporated an arm in Uttar Pradesh for a project worth Rs 763 crore.

  • Aarti Industries: The company commenced production at its Dahej SEZ expanded facility in Gujarat.

  • VST Industries: The GST Department has initiated an inspection at the company’s factory and offices in Telangana. The company is fully cooperating by providing data and clarifications during the ongoing process.

  • Bondada Engineering: The company received a Rs 450 crore order for establishing a Hydra Renewable Energy plant in Assam.

  • Greenlam Industries: The laminate manufacturer commenced commercial production of chipboard at its Andhra Pradesh facility. The facility has potential to generate revenue up to Rs 50 crore annually, at full capacity utilisation.

  • Indus Towers: The mobile towers installation company plans to foray into the electric vehicle charging infrastructure sector.

  • Trident: The company entered into a pact for acquisition of entire stake in overseas arms Trident Global Inc & Trident Europe.

IPO Offering 

Denta Water And Infra Solutions: The Rs 220-crore initial public offering will enter its final day after being subscribed 50.63 times on day two. The offering is priced at a band of Rs 279 to Rs 294 per share. The minimum lot size for an application is 50.

Bulk Deals

  • Stallion India Fluorochemicals: Investor Anuj Agarwal bought 5.1 lakh shares at Rs 120.71 each, while Investor Vinod Kumar 4 lakh shares at Rs 126.

Who’s Meeting Whom?

  • Mastek to meet Tata Asset Management, BNP Paribas unit, Abakkus Asset Manager, WhiteOak Capital and ICICI Prudential AMC on Jan. 28.

Insider Trades

  • Seshasayee Paper & Boards: Promoter High Emergy Batteries India acquired 2.8 lakh shares.

Trading Tweaks

  • Price band change to 5% from 10%: Solex Energy, Sterling and Wilson Renewable Energy.

  • Stocks moving into ASM Framework: Newgen Software Technologies.

  • Stocks trading ex-dividend: Control Print, DCM Shriram, Insolation Energy, Mastek, Oberoi Realty, Vidhi Specialty Food Ingredients, Waaree Renewable Technologies.

F&O Cues

  • Nifty January futures up by 0.29% to 23,267 at a premium of 62 points.

  • Nifty January futures open interest down by 3.18%.

  • Nifty Options Jan. 30 Expiry: Maximum call open interest at 24,000 and maximum put open interest at 22,000.

  • Securities in ban period: Aditya Birla Fashion and Retail, Bandhan Bank, Can Fin Homes, Dixon Technologies (India), L&T Finance, Manappuram Finance, Mahanagar Gas, and Punjab National Bank.

Money Market

The Indian rupee closed weaker against the US dollar on Thursday after one-day of strengthening, amid a rise in dollar index and crude oil prices.

The domestic currency weakened by 14 paise to close at 86.47, against the US dollar, according to Bloomberg. It had closed at 86.33 on Wednesday.

. Read more on Markets by NDTV Profit.The S&P BSE Sensex closed 115 points or 0.15% up at 76,520.38, while the NSE Nifty 50 was 50 points or 0.22% higher at 23,205.35 on Thursday.  Read MoreMarkets, Business, Notifications 

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