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Business News/ Markets / Live Blog/  Market highlights: Sensex up 612 points, Nifty at 21,700 ahead of budget; Sun Pharma rallies 3.5%
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Market highlights: Sensex up 612 points, Nifty at 21,700 ahead of budget; Sun Pharma rallies 3.5%

Sensex Today | Share Market Live Updates: At close, the Sensex was up 612.21 points or 0.86% at 71,752.11, and the Nifty was up 203.60 points or 0.95% at 21,725.70.

Sensex Today | Share Market Live Updates: China's manufacturing activity contracted for the fourth straight month in January, an official factory survey showed on Wednesday. Photo: AFPPremium
Sensex Today | Share Market Live Updates: China's manufacturing activity contracted for the fourth straight month in January, an official factory survey showed on Wednesday. Photo: AFP

Sensex Today | Share Market Live Updates: Indian benchmark indices ended in the green after a volatile session ahead of the Fed's rates decision later today and the Union Budget tomorrow. 

At close, the Sensex was up 612.21 points or 0.86% at 71,752.11, and the Nifty was up 203.60 points or 0.95% at 21,725.70.

Gainers on the Nifty included Dr Reddy's Laboratories, Eicher Motors, Sun Pharma, Divis Labs, Tata Motors, while losers included L&T, Titan Company, Tata Consumer, BPCL and Kotak Mahindra Bank. The BSE midcap index rose 1.5% and the smallcap index nearly 2%.

Asian shares fell broadly on Wednesday, while the Australian dollar slid after surprisingly soft inflation data and Japanese government bond yields ticked higher on growing bets of an imminent policy shift from the Bank of Japan.

China's manufacturing activity contracted for the fourth straight month in January, an official factory survey showed, suggesting the sprawling sector and the broader economy were struggling to regain momentum at the start of 2024.

In the US, the tech-heavy Nasdaq fell on Tuesday, while the S&P 500 slipped slightly after notching a record on Monday. Alphabet shares fell roughly 5% after hours as fourth-quarter ad revenue missed expectations.

 

31 Jan 2024, 03:41:55 PM IST

Sensex Today Live: Rupee gains against the dollar

The rupee ended higher at 83.04 per US dollar from Tuesday's close of 83.11.

31 Jan 2024, 03:37:50 PM IST

Sensex Today Live: Indices close in the green

Indian benchmark indices ended in the green after a volatile session ahead of the Fed's rates decision later today and the Union Budget tomorrow.

At close, the Sensex was up 612.21 points or 0.86% at 71,752.11, and the Nifty was up 203.60 points or 0.95% at 21,725.70.

31 Jan 2024, 03:22:24 PM IST

Sensex Today Live: Sun Pharma net profit rises 17% in Q3

Sun Pharma consolidated net profit rose 16.5% cent to 2,523.75 crore for the December quarter from 2,166.01 crore a year ago. Total income increased 10.7% to 12,630.90 crore.

31 Jan 2024, 03:20:26 PM IST

Sensex Today Live: Dabur India Q3 results

Net profit up 8% at 514.2 crore against 476.7 crore and revenue up 7% at 3,255.1 crore versus 3,043.2 crore.

31 Jan 2024, 03:19:32 PM IST

Sensex Today Live: Bank of Baroda Q3 results

Bank of Baroda reported a 19% rise in its net profit for Q3 at 4,579 crore, up from 3,852.70 crore in the base period. Net interest income also grew nearly 3% year to 11,101 crore. Asset quality also improved as gross NPAs contracted to 3.08% from 3.32% in the previous quarter. Net NPAs also fell to 0.7% from 0.76% a quarter ago.

31 Jan 2024, 02:33:32 PM IST

Sensex Today Live: Oil falls on weak China data but set for first monthly gain since Sept

Oil prices fell on Wednesday as lacklustre economic activity in China, the world's biggest crude importer, weighed on sentiment, but prices were set for their first monthly gain since September as broadening Middle East conflicts raised supply concerns.

Brent crude futures for March, which expire today, fell 31 cents or 0.4% to $82.56 a barrel by 0700 GMT. The more actively-traded April contract fell 29 cents to $82.21.

US West Texas Intermediate crude futures declined 25 cents or 0.3% to $77.57 a barrel.

31 Jan 2024, 02:18:17 PM IST

Sensex Today Live: Adani Wilmar net profit down 18.4% at ₹201 crore in Q3

  • Revenue down 17% at 12,828.4 crore from 15,438 crore 
  • Ebitda down 16.7% at 503.8 crore from 605 crore
  • Margin flat at 4% 

31 Jan 2024, 02:03:01 PM IST

Sensex Today Live: 2 pm market update

At 2 pm the Sensex was up 496.08 points or 0.70% at 71,635.98, and the Nifty was up 165.10 points or 0.77% at 21,687.20.

31 Jan 2024, 01:57:11 PM IST

Sensex Today Live: Maruti Suzuki net profit up 33% at ₹3,130 crore in Q3; revenue up 15%

  • Net profit up 33% at 3,130 crore from 2,351 crore 
  • Revenue up 15% At 33,309.7 crore from 29,044 crore
  • Ebitda up 38% at 3,909 crore from 2,833 crore
  • Margin increased to 11.7% from 9.8% 

31 Jan 2024, 01:34:56 PM IST

Jio, Gortune pre-qualify for Sri Lanka Telecom stake bid: Reuters

The Sri Lankan government said on Wednesday it has pre-qualified Jio Platforms, a unit of India's Reliance Industries Ltd, and Gortune International Investment Holding to bid for stakes in Sri Lanka Telecom, Reuters reported.

This is a part of Sri Lanka's efforts to reduce government stake in state-owned firms under the $2.9 billion International Monetary Fund (IMF) programme.

31 Jan 2024, 01:20:08 PM IST

Sensex Today Live: Ambuja Cements net profit rises 39% yoy to ₹514 crore in Q3

Ambuja Cements has reported 39% growth in standalone net profit at 514 crore for the December quarter, from 369 crore a year ago. Revenue from operations rose 8% year-on-year to 4,439 crore from 4,128 crore a year ago.

31 Jan 2024, 01:07:01 PM IST

Sensex Today Live: Asia stocks head for monthly loss as China drags; FOMC looms

Asian shares fell broadly on Wednesday, while the Australian dollar slid after surprisingly soft inflation data and Japanese government bond yields ticked higher on growing bets of an imminent policy shift from the Bank of Japan.

Chinese markets wobbled after an official factory survey showed China's manufacturing activity in January contracted for a fourth month as the world's second-largest economy struggles to regain momentum.

MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.4% and was heading for a monthly loss of roughly 5%, snapping a two-month winning streak.

Hong Kong's Hang Seng Index shed more than 1%, weighed down by property and tech names, and was on track for its worst January performance since 2016 with a 9% loss.

31 Jan 2024, 01:03:46 PM IST

Sensex Today Live: 1 pm market update 

At 1 pm the Sensex was up 487.25 points or 0.68% at 71,627.15, and the Nifty was up 150.20 points or 0.7% at 21,672.30.

31 Jan 2024, 12:45:58 PM IST

Sensex Today Live: Apeejay Surrandra Park Hotels sets price band for ₹920-crore IPO

Apeejay Surrendra Park Hotels has set the price band for its initial public offering (IPO) at 147 to 155 per equity share, the company said on Wednesday. The IPO will be open for subscription from 5 to 7 February.

31 Jan 2024, 12:33:32 PM IST

Sensex Today Live: Nikkei shakes off chip blues to post best January since 1998

Japan's Nikkei average notched its best January in 26 years after shaking off early chip-led declines on Wednesday. The index recovered from losses as steep as 1% in early trading to end the day up 0.61% at 36,286.71, extending its gains for the month to 7.77%, its best start to the year since an almost 9% jump in January 1998.

31 Jan 2024, 12:14:06 PM IST

Sensex Today Live: AI companies lose $190 billion in market cap after tech giants' earnings fail to impress

AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft, Alphabet and AMD delivered quarterly results that failed to impress investors who had sent their stocks soaring, Reuters reported.

The selloff following the tech giants' reports after the bell underscored investors' elevated expectations following an AI-fueled stock market rally in recent months that propelled their shares to record highs with the promise of incorporating the technology across the corporate landscape.

31 Jan 2024, 12:07:12 PM IST

Sensex Today Live: 12 pm market update

At 12 pm the Sensex was up around 0.9% at 71,781.93, and the Nifty was up 0.9% at 21,716.85.

31 Jan 2024, 11:56:46 AM IST

Sensex Today Live: Gold set for monthly dip on rate caution; Fed in focus

Gold prices Wednesday are headed for their first monthly dip in four months as investors tempered their bets of swift and deep rate cuts in the US in the light of a resilient economy, and also awaited remarks from the Federal Reserve due later in the day. Spot gold fell 0.1% to $2,033.88 an ounce after touching a two-week high of $2048.12 in the previous session. Prices have dropped 1.4% so far this month. US gold futures rose 0.1% to $2,033.30.

31 Jan 2024, 11:39:07 AM IST

Sensex Today Live: Cochin Shipyard stock up 4%

Shares of Cochin Shipyard are up 4% after the firm reported a net profit of 244.4 crore for the third quarter, against a net loss of 110.4 crore a year ago.

31 Jan 2024, 11:24:37 AM IST

Sensex Today Live: TCS stock in focus

Tata Consultancy Services announced a 15-year expansion of its partnership with Aviva, the British insurance, wealth and retirement provider, to transform its business and enhance customer experience. The stock is currently up 0.3%.

31 Jan 2024, 11:10:53 AM IST

Sensex Today Live: China's factory activity shrinks again, weak demand hobbles economy

China's manufacturing activity contracted for the fourth straight month in January, an official factory survey showed on Wednesday, suggesting the sprawling sector and the broader economy were struggling to regain momentum at the start of 2024, Reuters reported.

The official purchasing managers' index (PMI) rose to 49.2 in January from 49.0 in December, driven by a rise in output but still below the 50-mark separating growth from contraction. It was in line with a median forecast of 49.2 in a Reuters poll.

31 Jan 2024, 11:05:56 AM IST

Sensex Today Live: India bond yields dip as sentiment positive in run up to budget

Indian government bond yields ended lower on Tuesday, tracking their US peers, while broader market sentiment stayed positive in the run up to the union budget on Thursday. India's benchmark 10-year yield ended at 7.1570%, down from its previous close at 7.1735%.

31 Jan 2024, 11:02:41 AM IST

Sensex Today Live: 11 am market update

At 11 am the Sensex was up 435.75 points or 0.61% at 71,575.65, and the Nifty was up 127.10 points or 0.59% at 21,649.20.

31 Jan 2024, 10:52:02 AM IST

Sensex Today Live: Nova Agritech shares list at 37% premium over IPO price

Shares of Nova Agritech listed on the BSE at 56, a premium of 36.6% over the issue price of 41.

31 Jan 2024, 10:45:22 AM IST

Sensex Today Live: PB Fintech stock zooms 13% on first quarterly profit

Shares of PB Fintech, the parent company of Policybazaar, are currently up 12.65% at 1,024.30. On Tuesday the company posted a net profit of 37 crore for the December quarter, against a net loss of 87 crore a year ago. Revenue from operations jumped 43% you to 871 crore.

31 Jan 2024, 10:25:51 AM IST

Sensex Today Live: Voltas stock jumps more than 3%

The company posted a net loss of 27.6 crore for the December quarter, narrowing from a loss of 110.5 crore a year ago despite a healthy topline, thanks to increased input costs. Consolidated revenue from operations increased 31% yoy to 2,625.7 crore.

The stock is currently up 3.25% at 1,050.

31 Jan 2024, 10:13:29 AM IST

Sensex Today Live: Dr V K Vijayakumar, chief investment strategist, Geojit Financial Services

"The Fed decision tonight and the interim budget tomorrow will weigh on markets in the near-term. Global markets will be keenly watching the Fed comment on the timeline and quantum of rate cuts. The first rate cut is likely to come in June 2024. The decline in the 10-year yield to 4.02% is positive since it will restrain FPI outflows. 

“The domestic market will be focused on the interim budget particularly on any proposals regarding taxation of investments relating to the capital market. The fiscal deficit and its glide path also is important since growth with stability is hugely important from the market perspective. Stock specific movements are likely in response to sectoral allocations in the budget."

31 Jan 2024, 10:05:04 AM IST

Sensex Today Live: 10 am market update

At 10 am the Sensex was up 11.29 points or 0.02% at 71,151.19, and the Nifty was up 12.30 points or 0.06% at 21,534.40.

31 Jan 2024, 10:00:33 AM IST

Sensex Today Live: SRF stock jumps 2% despite weak earnings 

Quarterly numbers were weaker than estimated, owing to the chemicals business. Ebitda margin was 18.5% from 24% last year. Ebitda was down 32.1% and net profit down 50%.

31 Jan 2024, 09:41:20 AM IST

Sensex Today Live: Dr Reddy’s Laboratories stock in focus

The company registered 10.6% yoy growth in consolidated net profit at 1,378.9 crore for the December quarter, despite higher tax cost. Revenue from operations rose 6.6% to 7,215 crore from a year ago.

The stock is currently up 1.44% at 5,925.

31 Jan 2024, 09:29:13 AM IST

Sensex Today Live: PB Fintech stock crosses IPO price 

Shares of Policybazaar's parent firm PB Fintech crossed their IPO price of 980 after the company declared its Q3 results. The company posted a net profit of 37 crore for the December quarter, against a net loss of 87 crore a year ago. Revenue from operations jumped 43% you to 871 crore.

31 Jan 2024, 09:24:25 AM IST

Sensex Today Live: L&T stock slips more than 5% 

L&T's stock is currently down 5.24% at 3,443.05 after the company recorded 15% yoy growth in consolidated net profit at 2,947 crore for the December quarter. Consolidated revenue from operations grew 19% yoy to 55,128 crore.

31 Jan 2024, 09:17:22 AM IST

Sensex Today Live: Market opens in the red

Indian indices opened lower, with the Nifty below 21,500.

31 Jan 2024, 08:43:10 AM IST

Sensex Today Live: Oil ticks down in Asian trade despite rising Middle East tensions

Oil prices edged off in early Asian trading on continued bearish fundamentals, following gains in the previous session amid an escalating conflict in the Middle East.

31 Jan 2024, 08:13:25 AM IST

Sensex Today Live: L&T stock in focus

Recorded 15% yoy growth in consolidated net profit at 2,947 crore for the December quarter. Consolidated revenue from operations grew 19% yoy to 55,128 crore.

31 Jan 2024, 07:46:17 AM IST

Sensex Today Live: US job openings rise unexpectedly, but resignations drop

US job openings increased unexpectedly in December and data for the prior month was revised higher, suggesting that the labour market likely remains too strong for the Fed to start cutting interest rates in the first quarter. However, the report from the Labor Department also showed more Americans were staying put at their current jobs, which could help to slow wage growth.

31 Jan 2024, 07:38:15 AM IST

Sensex Today Live: Q3 results expected today

Companies that will announce their December-quarter earnings today:

Maruti Suzuki India, Sun Pharmaceutical Industries, Shree Cement, Ambuja Cements, Bank of Baroda, Dabur India, Amara Raja Energy & Mobility, Adani Wilmar, Balaji Amines, Dixon Technologies, Fino Payments Bank, GMR Airports Infrastructure, Godrej Consumer Products, IRB Infrastructure Developers, Jindal Steel & Power, Jubilant FoodWorks, Jyothy Labs, Kalyan Jewellers India, Mankind Pharma, PVR Inox, and Suzlon Energy.

31 Jan 2024, 07:36:18 AM IST

Sensex Today Live: Tokyo stocks open lower

Tokyo stocks opened lower on Wednesday following tech losses on Wall Street, with investors awaiting interest rate signals from the US Federal Reserve.

31 Jan 2024, 07:36:18 AM IST

Sensex Today Live: GIFT Nifty signals a muted start

The GIFT Nifty is trading 10 points or 0.05% lower at 21,619, signaling a muted start for India's stock market.

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