Stock Market Live Updates: Nifty Hits 23,150 As Sensex Rises 300 Points

In the current trading session, notable movements have been observed in the stock market, with several companies making significant gains. Among these, Tata Steel, Sun Pharma, Bajaj Finance, Cipla, and Bajaj Finserv stand out as the top performers on the Nifty. Their stock prices have witnessed an upward trend, contributing positively to the market's overall performance. This surge in stock values highlights the robust performance of these companies in a competitive environment.

On the other side of the spectrum, some companies have not fared as well in the trading session. Adani Enterprises, Hero MotoCorp, Infosys, Nestle, and Wipro are experiencing a downturn, marking them as the session's notable losers. This contrast in performance between different companies showcases the dynamic nature of the stock market, where fortunes can shift based on various factors including market sentiment, company performance, and broader economic conditions.

The positive momentum isn't confined to individual companies; sector-wise performance also shows a promising outlook with all sectoral indices trading in the green. Notably, the Pharma and Metal sectors are leading the charge, both registering a 2 percent increase. This robust performance is indicative of investor confidence in these sectors, possibly driven by favorable market conditions or sector-specific developments.

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Feb 13, 2025, 3:49 pm IST

Result Update: Ashok Leyland | Healthy Operating Performance, Demand Revival Remains Key

“In 3QFY25, Ashok Leyland (AL) reported EBITDA margin of 12.8%, 90bps above JMFe. Beat in margin was led by higher realisations and continued cost reduction initiatives. AL expects demand momentum in domestic market to improve from 4QFY25 onwards led by increased govt. capex. Higher than avg. truck fleet-age is expected to support replacement demand. The company re-iterated its focus on profitable growth. Medium-term demand drivers (higher infra spends, scrappage policy, etc.) remain intact and AL aims for higher share in MHCVs (to c.35%) and LCV led by network expansion and addressing product gaps. Focus on higher net realisation and cost control initiatives are expected to support profitability. We estimate 6% / 12% revenue / EPS CAGR over FY24-27E. Maintain BUY with Mar’26 TP of INR 250 (19x FY27E EPS). Increase in competitive intensity - a key risk,” said Saksham Kaushal of JM Financial Institutional Securities Limited.

Feb 13, 2025, 3:03 pm IST

Outlook On Small And Midcap Sectors/Stocks By Abhishek Jaiswal, Fund Manager At Finavenue

The latest quarterly data reaffirms that small-cap stocks have not only outperformed large caps in market momentum but also on fundamental metrics. However, small caps tend to move sharply in both directions, making valuation and liquidity key considerations for investors. A well-balanced portfolio with a strategic allocation to both large and small caps ensures sustainable, less volatile returns. To navigate this dynamic space, investors must closely track government policies, company earnings calls, quarterly results, and major global economic developments. These factors shape market trends and provide crucial insights. Ultimately, the foundation of wealth creation lies in disciplined entry valuations and a well-defined investment horizon.

Feb 13, 2025, 2:30 pm IST

Bata India – Sequential Recovery Led By Premiumize Portfolio (Sell, TP: Rs1,174)

“Bata’s Q3FY25 print was below our estimates; Revenue/EBITDA/PAT grew by 1.7%/9.4%/ 19.8% YoY. Management observed rebound in volume growth led by power and Floatz. Volume growth was driven by 1) value proposition and 2) EOSS. Further, lowest inventory led by EOSS helped to reduce complexity in the store. Management has been working on Zero based Merchandising (17 stores) which would help to improve performance led by lower complexity (lower inventory & only 3 price points at Rs999/1,299/1,499) and to target top 100 stores (~50% sales contribution) by FY26. Sneaker Studio is now implemented in 756 stores. Bata is banking on Omni-channel (6% sales contribution) strategy with 1953 stores covering 1500+ towns. Gross margins increased by 13bps to 56.2% whereas EBITDA Margin settled at 21.7% (+152bps). Going forward, management wants to continue 150-160 net store opening for next couple of years. With lower Q3FY25, we cut our earnings and change rating from REDUCE to SELL with TP of Rs1,174 (45x FY27E EPS),” as per Centrum Broking.

Feb 13, 2025, 1:40 pm IST

Muthoot Finance Soars 3% After Impressive 33% Year-over-Year Profit Growth!

Shares of Muthoot Finance experienced a notable increase of over 3% to Rs 2,260 each on February 13, following the company's impressive third-quarter financial results for the fiscal year 2025. This climb is part of a broader trend observed over the last three months, wherein the stock surged by more than 20%. This performance starkly contrasts the 3% decline in the Nifty 50 benchmark, showcasing the company's strong market position. The significant uplift in Muthoot Finance's stock value is largely attributed to the company's robust quarterly performance, underscored by a 33% year-on-year growth in net profit, amounting to Rs 1,363 crore in Q3FY25. This remarkable profit increase is further accentuated by a 43% rise in net interest income (NII), which reached Rs 2,721 crore. Additionally, the firm's standalone loan assets under management (AUM) saw a 37% expansion, reaching Rs 26,305 crore, fueled by the festive-season borrowing wave.

Feb 13, 2025, 12:32 pm IST

Adani Green Soars 2% Following Withdrawal from Sri Lanka Wind Power Project

Shares of Adani Green Energy saw a 2% increase following reports that the company decided to back out of its wind power project in Sri Lanka. This move comes amid various discussions around the circumstances leading to their withdrawal from the project. The energy firm, known for its commitment to renewable energy, had initially planned to contribute significantly to Sri Lanka's wind energy sector. However, recent developments have prompted a change in their strategy, resulting in the stock market reacting positively to the news. The decision to pull out of the Sri Lankan wind power project marks a significant shift for Adani Green Energy. This project was part of the company's international expansion plans, aiming to increase its renewable energy footprint outside India. Despite the initial promise of contributing to Sri Lanka's renewable energy ambitions, factors leading to this withdrawal remain under speculation. Investors and market watchers are closely monitoring the situation, trying to understand the implications of this move on the company's future projects and overall strategy in the renewable energy space.

Feb 13, 2025, 12:01 pm IST

Trump's Tariffs Could Raise US Import Costs by 7-8%

The White House has signalled that President Trump might approve reciprocal tariffs soon. Satyam Panday, Chief US and Canada Economist at S&P Global, stated that these tariffs could raise US import duties by 7-8%. This is in contrast to the current average of 2.3%. The economist believes this approach is less damaging globally than a universal tariff of 10-20%. Trump's proposed tariffs are also considered an inflation risk. Recent data shows US consumer prices increased significantly in January, marking the highest rise in nearly 18 months. Panday noted that these tariffs could cause a one-time inflation spike in the US, assuming no retaliation from trading partners. However, he acknowledged this assumption might be overly optimistic.

Feb 13, 2025, 11:13 am IST

Sensex Surges 448 Points:

The Sensex experienced a notable rise, climbing 448.46 points to reach 76,619.54, a growth of 0.59 percent. Similarly, the Nifty saw an increase, adding 142.70 points to close at 23,187.95, marking a 0.62 percent uplift. The stock market witnessed a positive trend overall, with 2,267 shares advancing, 1,035 shares experiencing a decline, and 114 shares remaining unchanged. This movement in the indices showcases a buoyant sentiment among investors, reflecting optimism in the market's direction.

Feb 13, 2025, 10:47 am IST

Brokerage on Kotak Bank Share

HSBC has maintained a 'buy' rating on Kotak Mahindra Bank with a target price of Rs 2,210, highlighting the recent lift of the RBI ban as a significant positive move. This development is expected to enhance the bank’s customer base, further strengthening its position in the financial sector. The removal of restrictions by the RBI is seen as a catalyst that could potentially increase Kotak Mahindra Bank's earnings, improve its financial outlook, and boost its valuation in the market. This optimistic stance is backed by the belief that the bank's strategic initiatives, particularly in credit cards and digital acquisition through its ‘811’ platform, will drive future growth.

Feb 13, 2025, 9:32 am IST

Stock Market Outlook Today By Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

When the market is in oversold territory, some triggers can ignite a rally. The Indian market is in highly oversold territory and, therefore, is likely to rally on positive news expected from the Trump-Modi talks today. Some agreement is likely between the US and India on reciprocal tariffs. A positive domestic trigger is the better-than-expected decline in CPI inflation in January to 4.31% from 5.22 % in December 2024. The decline in inflation trajectory justifies the MPC’s rate cut this month and creates a favourable condition for another 25 bp rate cut in April. This augurs well for the stock market in general and rate-sensitives in particular. From the market perspective, the elephant in the room continues to be the sustained FII selling which is showing no signs of abating.

Feb 13, 2025, 9:31 am IST

Opening Bell

In the face of conflicting global cues, the Indian stock market began Thursday flat, with the Sensex trading at 76,330.45 and the Nifty beginning flat at 23,055.75 during the pre-opening session following a better-than-expected drop in CPI inflation in January to 4.31% from 5.22% in December 2024.

Feb 13, 2025, 9:12 am IST

Rupee Vs Dollar

On Thursday, the Indian rupee kicked off at 86.80 per dollar, up 8 paise from its closing price of 86.88 on Wednesday.

Feb 13, 2025, 9:07 am IST

Nifty Bank Outlook Today By Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities

Nifty Bank index remains under moderate bearish pressure, with selling interest and overhead resistance restricting any significant upside. As long as the index trades below its 10-day and 20-day EMAs, market sentiment is likely to remain subdued. Despite a sharp recovery from lower levels, Nifty Bank is still struggling below its key moving averages, indicating a continued bearish undertone. Renewed selling pressure is expected if the index fails to surpass its immediate resistance, further reinforced by aggressive call writing activity. With volatility creeping higher, the 49,000–48,850 support zone is a critical battleground for bulls, where put writers are actively reinforcing positions. Given the fragile technical structure and cautious sentiment, a ‘Sell on Rise’ strategy appears favourable. Resistance at 49,800–50,000 remains strong, and a break below 48,850 could trigger a sharp correction, accelerating selling momentum in the near term.

Feb 13, 2025, 9:03 am IST

Nifty Bank Options Market Insights By Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities

Derivative data reflects a bearish tilt, with call sellers maintaining firm control over put writers, signalling that bears continue to dictate market direction. The 51,000-strike call saw a sharp rise in open interest, with 16.27 lakh contracts, establishing it as a major resistance level. Simultaneously, put writing at the 49,000 strike remains robust, with 14.26 lakh contracts, suggesting bulls are holding ground at this support zone. Meanwhile, fresh call writing across the 49,600–50,000 range reinforces a strong resistance band, keeping the upside in check, whereas unwinding in put positions at lower strikes points to a cautious stance among put writers. The Put-Call Ratio (PCR) edged down to 0.78 from 0.79, signalling a slight increase in bearish sentiment. Despite heightened volatility, the ‘Max Pain’ level at 50,000 suggests that downside risk remains somewhat limited, though any failure to hold key support levels could intensify selling pressure.

Feb 13, 2025, 8:28 am IST

Market on Edge: Nifty’s Fragile Recovery Hinges on Key Resistance Breakout

“On the daily chart, the index formed a Dragonfly Doji candlestick pattern, indicating strong buying interest at lower levels. However, Nifty continues to trade below its 20-day EMA, reinforcing a stiff resistance zone at higher levels, suggesting that a minor pullback may be on the horizon. Furthermore, the index closed near its psychological support at 23,000, making this level a critical threshold to hold in order to prevent further downside pressure. The 23,350–23,400 range, which previously acted as a solid support zone, has now transformed into a stiff resistance level, further reinforced by aggressive call writing and key moving averages positioned in this range. A follow-through buying momentum is essential to confirm the validity of the pullback in the coming sessions,” said Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities.

Feb 13, 2025, 8:04 am IST

Nifty Options Market Insights By Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities

Derivative data exhibits a bearish tilt, with call sellers holding the upper hand over put writers, signalling shifting control in favour of the bears. The 23,500-strike call saw a sharp spike in open interest (1.24 crore contracts), cementing it as a major resistance level. Conversely, put writing at the 22,500-strike (1.16 crore contracts) signals strong downside support. Fresh call writing across the 23,100–23,500 strikes further strengthens overhead resistance, while put unwinding at lower strikes suggests a realignment toward bearish sentiment. The Put-Call Ratio (PCR) climbed to 0.63 from 0.53, indicating a bearish market sentiment. However, the ‘Max Pain’ level at 23,200 suggests limited downside potential, despite the heightened volatility.

Feb 13, 2025, 8:03 am IST

Nifty Outlook Today By Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities

Nifty index maintains a slightly bearish tone, with persistent selling pressure and strong resistance capping any meaningful upside. Trading below key moving averages, the index remains vulnerable to further downside pressure. Although Nifty recovered from its lows, its continued trading below critical levels reinforces the prevailing bearish sentiment. As long as the index remains below its immediate resistance, fresh selling is likely to emerge, supported by renewed call-writing activity. With volatility on the rise, the 23,000–22,900 support range becomes a crucial battleground for bulls as put writers are actively positioning themselves at these levels. Given the fragile market structure and subdued sentiment, a ‘Sell on Rise’ strategy remains favourable. Resistance at 23,300 remains firm, and a break below 22,900 could trigger an accelerated decline, intensifying selling momentum.