Stock Market Live Updates: Nifty Ended Near 23K Mark, Sensex Drops Over 1,000 Pts; All Sectors In Red

In a steep decline, the stock market witnessed a significant downturn, with the Nifty plunging below the 23,100 mark and the Sensex dropping by 950 points. This downturn affected all sectors, painting the entire market red. This sudden drop has raised concerns among investors and signals a cautious atmosphere prevailing in the market.

The broad-based sell-off, affecting every sector, highlights the underlying vulnerabilities in the market, shaking investor confidence. Such a uniform decline across various sectors underscores the impact of external factors on market sentiment, suggesting a need for investors to reassess their portfolios and investment strategies.

"This downturn affected all sectors, painting the entire market red." This quote captures the essence of the market's condition, indicating a widespread impact rather than being confined to specific sectors. It reflects the gravity of the situation and the immediate need for investors to recalibrate their approach in response to the market's movements.

The fall in both the Nifty and the Sensex by such a considerable margin in a single trading session is a clear indicator of the market's current volatility. It serves as a reminder for investors to adopt a more cautious approach, especially in times of such unpredictability. With every sector experiencing a downturn, the market's breadth indicates a pervasive sense of caution that could influence future investment decisions.

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Feb 11, 2025, 3:00 pm IST

Result Update: FSN E-commerce Ventures | Best-ever customer acquisition with steady margin expansion

“Nykaa continues to prove the doubters wrong, particularly in BPC segment, delivering 32% GMV growth YoY along with 27% revenue growth. This was supplemented by 56bps YoY EBITDA margin jump. While Fashion GMV growth was only 8%, company continues to plug leakages and hence delivered 14%/21% NSV/Revenue growth. The company also is seeing rising advertisement income across segments with core BPC benefitting from lower discounting, Fashion seeing rising content marketing under LBB while eB2B seeing higher willingness to advertise due to rising retailer base. Company acquired record 0.9mn net AUTC in BPC segment by ramping marketing spends - a strategy we completely align with considering Nykaa being a category leader and the low BPC spends per capita in the country. Overall, the company reported 26.7% YoY growth in revenue to reach INR 22.7bn with EBITDA margin reaching 6.2%. We forecast core BPC to sustain margin improvement driven by operating leverage despite contribution margin remaining largely flat at 9MFY25 levels. Nykaa’s ability to deliver robust growth in a tepid demand environment demonstrates its differentiated market positioning. Retain ‘BUY’ with Mar’26 TP of INR 240,” said Sachin Dixit of JM Financial Institutional Securities Limited.

Feb 11, 2025, 2:23 pm IST

Result Update: Varun Beverages | 4QCY24: Mixed bag: India performance inline, International disappoints

“Varun Beverages’ 4QCY24 earnings print was below expectations – primarily on account of weaker than expected performance in International business. India business sales growth was ahead of our forecasts - volume growth (5%) was inline; however, realisations/case surprised positively. International business delivery disappointed as realisations & margins were below expectations resulting in overall miss on consolidated sales and EBITDA for the quarter. Management indicated that they have not seen signs of urban slowdown and remains confident of double-digit volume growth in India business. Further, it believes competition is at lower price points, where Pepsico products are not participating and it currently does not see need to introduce sub-brand/SKU in this segment. Factoring Q3 miss, some moderation in India margin (increasing competition), and lower realisations (in International market) and incorporating Tanzania acquisition, we have cut our CY25/26E by c.4-7%. Stock has corrected c.20%+ from peak, trades at 45x CY26E. Superior execution, large opportunity size & net debt free status provides confidence on the earnings growth (CAGR of 26% over CY24-26E). We maintain BUY rating with revised TP of INR 675 (55x CY26E EPS). Competitive activity in India & execution in Africa will be key monitorables,” said Mehul Desai of JM Financial Institutional Securities Limited.

Feb 11, 2025, 1:55 pm IST

Apollo Hospitals Faces 7% Stock Drop in Active Trading Session

Despite delivering a robust performance in its Q3 earnings, Apollo Hospitals Enterprises saw a significant drop in its share price, plunging over 7 percent on February 11 amidst substantial trading. The sharp decline occurred even though the healthcare giant reported a net profit surge of 52 percent to Rs 372.3 crore, surpassing the anticipated Rs 347 crore. Revenue growth also saw a healthy increase of 14 percent year-on-year to Rs 5,527 crore. This growth was propelled by a 15 percent increase in revenue from Apollo Health & Lifestyle Ltd (AHLL) and Apollo Healthco, along with a 13 percent uptick in its primary healthcare services segment. However, despite these positive financial outcomes, Apollo Hospitals shares experienced one of the steepest falls on the Nifty 50 that day. The trading volume dramatically exceeded the average, with eight lakh shares changing hands, doubling the monthly daily average of three lakh shares. This intense selling pressure was further compounded by a notable surge in open interest on the derivatives front, indicating a significant build-up of short positions. By 11:27 am, the stock had fallen to Rs 6,329.50 on the NSE, marking a 13 percent decrease since the beginning of the year.

Feb 11, 2025, 1:55 pm IST

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Sensex and Nifty Updates

Feb 11, 2025, 1:21 pm IST

Info Edge Faces Rs 17,000 Crore Loss as Zomato and PB Fintech Decline

The recent downturn in the stock market has notably impacted Info Edge India, with its investments in Zomato and PB Fintech witnessing significant depreciation. The stakes held by Info Edge in these companies have seen a combined reduction in value of Rs 17,000 crore, following a roughly 30 percent decline in their stock prices from their highest points. This decline reflects the broader challenges facing the market, underscored by volatile global economic conditions that have led investors to reassess their positions. Info Edge, a major stakeholder with a 19 percent share in PB Fintech and a 13 percent share in Zomato, has felt the repercussions of this market shift firsthand. The correction in these stocks has not only diminished the monetary value of Info Edge's investments but also affected its stock performance on the trading floor. On February 11, the company's shares dipped by 3 percent, trading at Rs 7,552.05 on the National Stock Exchange (NSE), highlighting the immediate financial impact of the downturn on its portfolio.

Feb 11, 2025, 12:40 pm IST

M&M's Strong Q3 Not Enough to Change UBS's 'Neutral' Rating: Shares Decline

Mahindra and Mahindra (M&M) shares experienced a 1.4 percent decline to Rs 3,093 early on February 11, marking a continuation of their downward trajectory for the second consecutive day. This dip comes in the wake of UBS maintaining a 'neutral' stance on the stock, despite M&M's third-quarter earnings surpassing expectations. UBS has set a price target for M&M at Rs 3,460, indicating a 10.2 percent potential upside from its last closing price on the National Stock Exchange (NSE). This adjustment followed a brief peak in M&M shares, reaching an all-time high before closing with over a 2 percent loss, primarily due to the prevailing weak market sentiment.

Feb 11, 2025, 11:56 am IST

Market Live Updates: National Fertilizers Reports Dramatic 69.7% Drop in Q3 Profit

National Fertilizers Ltd has seen a significant downturn, with net profits plummeting by 69.7 percent to Rs 45.8 crore from the previous year's Rs 150.9 crore. This stark decline reflects the challenges the company has faced over the past financial period. Additionally, the company's revenue has also taken a hit, dropping by 22.8 percent to stand at Rs 5,855.9 crore compared to Rs 7,584.3 crore reported in the year-ago period. These figures highlight a substantial decrease in the company's financial health and market performance. The decrease in revenue to Rs 5,855.9 crore from the earlier Rs 7,584.3 crore indicates a challenging phase for the company, underlining the need for strategic reassessments and potential shifts in operational tactics. This revenue decline is a significant marker of the economic pressures and possibly evolving market demands that may have contributed to the company's current financial state. Moreover, the drop in net profit to Rs 45.8 crore from Rs 150.9 crore further underscores the financial hurdles the company is facing. Such a sharp decline in profitability could prompt a thorough evaluation of the company's cost structures, revenue streams, and market strategies to mitigate further financial erosion and stabilize the business's economic foundation.

Feb 11, 2025, 11:45 am IST

Stock Market Live Updates: Apollo Hospitals Experiences Major Stock Decline Amid Heavy Trading

Apollo Hospitals Enterprises experienced a significant 6.5 percent drop in its share value on February 11, amidst heavy trading activity. The volume of shares traded marked a notable increase, with eight lakh shares being exchanged, which is more than double the average of three lakh shares typically traded over the past month. By mid-morning, the price of Apollo Hospitals Enterprises' shares had fallen to Rs 6,329.50 on the National Stock Exchange. This downturn reflects a 13 percent decrease in the stock's value since the beginning of the year, underscoring a challenging period for the healthcare provider despite its strong performance in the recent quarter. The substantial trading volume and the stock's downward trend highlight investors' reactions and market dynamics, even in the face of positive financial news from the company. This development is a reminder of the complex factors that influence stock prices, including market sentiment, investor expectations, and broader economic conditions.

Feb 11, 2025, 11:35 am IST

Stock Market Live: Telangana Government Increases Beer Prices by 15%

United Spirits Ltd's stock price fell 1 percent today. Similarly, United Breweries Ltd's stock also dropped 1 percent. The government of Telangana has announced a 15% increase in the prices of beer, affecting both the stocks currently housed at depots and those in transit. This adjustment in pricing is set to take immediate effect, with the new rates being applied to all existing and future supplies. The decision to hike the prices comes as a significant move, impacting both the distribution and retail sectors within the state.

Feb 11, 2025, 11:08 am IST

Stocks Live Update: Patanjali Foods Reports Impressive 71% Surge in Q3 Profit

Patanjali Foods Ltd has announced a significant financial update. The company has reported a staggering 71.3% increase in its net profit, reaching Rs 370.9 crore, up from Rs 216.5 crore in the previous year. This remarkable growth underlines the company's robust performance and strategic business maneuvers that have propelled its profitability upwards. Alongside the surge in net profit, the company also witnessed a substantial 15.1% rise in its revenue, which escalated to Rs 9,103 crore from Rs 7,910.7 crore year-on-year. This revenue hike not only showcases the firm's capacity to generate increased income but also reflects its expanding market presence and the effectiveness of its operational strategies. The dual achievement of significant gains in both net profit and revenue highlights the company's exceptional financial health and its strong position in the competitive market landscape. With these impressive financial results, the company is well-positioned for continued growth and investment in future ventures.

Feb 11, 2025, 10:49 am IST

Stock Market Live: Eicher Motors Welcomes Siddhartha Lal as Executive Chairman!

Eicher Motors Ltd's stock price fell 5 percent. Eicher Motors has recently revealed significant changes to its leadership structure, with Siddhartha Lal taking on the role of Executive Chairman. This strategic move follows the retirement of the previous Chairman, S. Sandilya. In addition to this key appointment, the board announced that Vinod Aggarwal will serve as the Vice Chairman (Non-Executive), and B. Govindarajan has been named the new Managing Director of the company. These appointments mark a pivotal moment for Eicher Motors, setting the stage for future growth and development within the company. The elevation of Siddhartha Lal to Executive Chairman is expected to inject a fresh perspective and renewed energy into Eicher Motors' operations. Lal's vision and leadership skills are anticipated to guide the company through upcoming challenges and opportunities, reinforcing its position in the market. Meanwhile, Vinod Aggarwal's appointment as Vice Chairman (Non-Executive) aims to leverage his extensive experience, ensuring strategic oversight and valuable guidance for the company's future endeavors.

Feb 11, 2025, 10:37 am IST

Stock Market Live Updates: SBFC Finance Secures ₹4,000 Mn Investment from British International

SBFC Finance's stock dropped 2 percent today. In a significant move to bolster the growth of Micro, Small, and Medium Enterprises (MSMEs) in India, SBFC Finance has secured a substantial investment of Rs 4,000 million from British International Investment (BII). This financial infusion aims to empower MSMEs, especially those owned and operated by women, by providing them with the necessary capital to expand their operations. The initiative reflects a concerted effort to bridge the financial gap faced by low-income business owners in accessing essential funding for their ventures. The collaboration between SBFC Finance and BII, the UK's development finance institution renowned for its impact investments, marks a pivotal step towards fostering sustainable economic development. By channeling funds into the MSME sector, which is a critical component of India's economy, this partnership seeks to stimulate business growth and generate employment opportunities. Particularly, the focus on women borrowers highlights a commitment to inclusive financial practices that aim to elevate the role of women entrepreneurs in the business landscape.

Feb 11, 2025, 10:26 am IST

Stock Market Live Updates: CWD Set to Issue 5.39 Lakh Shares via Preferential Offering!

CWD Company's stock price fell by 4 percent today. In a strategic financial move, the firm has greenlighted the preferential allotment of 539,925 equity shares, each with a nominal value of Rs 10. This decision marks a noteworthy step in leveraging equity to bolster the company's capital structure and fuel its growth ambitions. By opting for this route, the organization aims to enhance its financial stability and secure additional funds to support its operational and strategic initiatives.

Feb 11, 2025, 10:08 am IST

Stock Market Live Updates: Lupin Secures USFDA Approval for Ipratropium Bromide Nasal Solution

Lupin Ltd, a leading pharmaceutical company, witnessed 3 percent decline in its stock. Lupin has been granted authorization by the US Food and Drug Administration (USFDA) to produce and sell a generic version of Ipratropium Bromide Nasal Solution (Nasal Spray) through its abbreviated new drug application. This nasal spray, intended for medical use, will be produced at Lupin's manufacturing site located in Pithampur, India. This approval marks a significant step for Lupin, allowing it to expand its product offering in the healthcare market.

Feb 11, 2025, 9:57 am IST

Yatra Online Reports Growth in Revenues, EBITDA, and Net Profit

Yatra Online Limited, India’s largest corporate travel services provider and one of the largest online travel companies in India among key OTA players announces its results for the third quarter of financial year 2024-25. Revenue from operations grew by 113% YoY to INR 2,353 million, with continued momentum across key segments, including for a large part the Hotels and Packages business (up 66% YoY) and contribution from the MICE segment. The results for the quarter also include contribution from Globe All India Services Limited (GAISL), which was acquired back on September 11, 2024. • Revenue less Service Costs (RLSC) (Gross Margin) grew 25% YoY to INR 1041 million demonstrating the strength of our diversified business model. • Adjusted EBITDA surged 75% YoY to INR 175 million, reflecting our disciplined focus on profitable growth and cost optimization. As a result of the foregoing factors, our profit was up 845% YoY to INR 100 million.

Feb 11, 2025, 9:36 am IST

HLE GLasscoat ReportsStrong Order Book Growth Drives HLE Glascoat’s Stable Performance

HLE Glascoat Limited, engaged in the specialized business of manufacturing chemical process equipment, filtration, drying, heat transfer and glass lined equipment, announced its unaudited financial results for the quarter and nine months ended 31st December, 2024. The consolidated Revenue for the 9MFY25 stood at ₹ 69,388.0 lakhs, achieving a growth of 5.0% on Y-o-Y basis. • EBITDA for 9MFY25 stood at ₹ 8,668.9 lakhs, reflecting a year-on-year growth of approximately 5.2%, with an EBITDA margin of 12.5%. • PAT for the 9MFY25 reached ₹ 3,012.3 lakhs, marking growth of 15.5% on a year-on-year basis, with a PAT margin of 4.3%. • PAT for the Q3FY25 reached ₹ 1,028.2 lakhs, marking a significant growth of 72.1% on a year-on-year basis, with a PAT margin of 4.5%. • The Company managed to reduce its long-term and short-term debt obligations by ₹ 4,316.7 lakhs.

Feb 11, 2025, 9:21 am IST

Market Opens Flat: Nifty Near 23,400, Sensex Near 77,400

The Indian stock market opened flat on Tuesday, with the Nifty starting near 23,400 and the Sensex around 77,400. Despite mixed global cues, the indices opened with slight losses on February 11.

Feb 11, 2025, 9:20 am IST

Market Opens Flat: Nifty Near 23,400, Sensex Near 77,400

The Indian stock market opened flat on Tuesday, with the Nifty starting near 23,400 and the Sensex around 77,400. Despite mixed global cues, the indices opened with slight losses on February 11.

Feb 11, 2025, 8:50 am IST

Asian Markets Trade Mixed

Asian markets are trading on a mixed note as investors assess global cues and economic data. The Shanghai Composite declined 0.42% to 3,308.14, while the Shenzhen Component slipped 0.89% to 10,536.61, due to weakness in Chinese equities. Hong Kong's Hang Seng Index (HSI) also dropped 0.7% to 21,371.5, weighed down by losses in tech and property stocks. On the other hand, Japan’s Nikkei 225 edged up 0.04% to 38,801.17, and South Korea’s KOSPI gained 0.53% to 2,534.59, supported by strength in chipmakers. Australia’s ASX 200 traded marginally higher, rising 0.06% to 8,488.2. Overall, sentiment remains cautious as investors monitor global economic trends.

Feb 11, 2025, 8:50 am IST

US market Update

Wall Street's major indices closed higher on Monday, driven by gains in technology and AI-related stocks. The Dow Jones Industrial Average (DJIA) rose 167.01 points (0.38%) to settle at 44,470.41, while the Nasdaq Composite surged 190.87 points (0.98%) to close at 19,714.27, led by strong performances in tech-heavy stocks. The S&P 500 also advanced 40.45 points (0.67%), ending the session at 6,066.44.

Feb 11, 2025, 8:45 am IST

Market Recap: Sensex and Nifty End in Red On Monday

In the previous trading session, Indian benchmark indices faced selling pressure, leading to a weak close. The Sensex declined 0.7% (548 points) to settle at 77,311.80, while the Nifty 50 slipped 0.76% (178.35 points) to close at 23,381.60.

Feb 11, 2025, 8:44 am IST

Sensex & Nifty in Focus: Tracking Market Trends Live

Good morning! Welcome to our Stock Market Live Blog, your go-to source for real-time updates from Dalal Street. As the Sensex and Nifty set the tone for today's trading session, we’ll bring you the latest market trends, key movements, and expert insights to help you stay ahead. Stay with us for live updates, stock recommendations, sectoral analysis.