Feb 06, 2025, 3:22 pm IST
Top 5 Gainers And Losers Today
Stock Market Live Updates
Feb 06, 2025, 1:45 pm IST
Prepare for SBI's Q3 Earnings: Shares Take a Tumble
SBI's shares saw a decline as investors awaited the bank's Q3 earnings report. The anticipation surrounding the financial results has led to cautious trading among market participants. Analysts are keenly observing the performance metrics, which could influence future stock movements.
Market experts have noted that SBI's quarterly results are crucial for assessing its financial health. The bank's performance in this period will provide insights into its profitability and growth trajectory. Investors are particularly interested in the bank's net interest margin and asset quality.
Investor Sentiment and Market Trends
The broader market sentiment has been mixed, with global economic factors playing a role in investor decisions. SBI's stock performance is also being watched in the context of these wider trends. Any significant deviation from expectations could lead to volatility in the stock price.
Analysts have highlighted that SBI's earnings report will be a key indicator of its operational efficiency. The bank's ability to manage costs and generate revenue will be under scrutiny. This assessment is vital for stakeholders looking to gauge the bank's long-term prospects.
Feb 06, 2025, 1:04 pm IST
Trent's Q3 Financials Shine with 34% Profit Increase to Rs 496.5 Crore
Trent Ltd., a Tata Group company, has reported a 34% increase in net profit for the third quarter. The profit rose to Rs 496.5 crore compared to Rs 371 crore in the same period last year. This growth is attributed to strong sales and effective cost management strategies.
Revenue Growth and Performance
The company's revenue also saw a significant rise, reaching Rs 2,303 crore, up from Rs 1,878 crore in the previous year. This increase reflects Trent's successful expansion efforts and its ability to attract more customers through its retail outlets across India.
Trent's operating profit margin improved as well, climbing to 15.3% from 14.7% last year. This improvement is due to better inventory management and optimised supply chain operations. The company has been focusing on enhancing its operational efficiency to drive profitability.
Feb 06, 2025, 12:27 pm IST
Auto Retail Sales Surge 7% in January
Automobile retail sales in India witnessed a 7% increase in January, reaching 22,91,621 units, fuelled by strong demand across different vehicle segments. This growth marks a notable improvement from the 21,49,117 units sold in January last year. The Federation of Automobile Dealers Associations (FADA) highlighted that this surge reflects ongoing consumer confidence and a steady market recovery. According to FADA President C S Vigneshwar, the uptick was observed across all vehicle categories, including two-wheelers, three-wheelers, passenger vehicles, tractors, and commercial vehicles.
Feb 06, 2025, 12:09 pm IST
Saraswati Saree Depot May Declare Interim Dividend
Saraswati Saree Depot has announced a meeting on February 13 to discuss and potentially approve the distribution of an interim dividend for its equity shareholders for the fiscal year 2025-26. This decision underscores the company's consideration of shareholder returns as part of its financial strategies for the upcoming period.
Feb 06, 2025, 11:42 am IST
Rupee falls to a record low
The rupee's sharp decline to a record low of 87.54 against the dollar on Thursday has caught the attention of market observers. This plunge is primarily attributed to a surge in the demand for USD, spurred by the expiry of non-deliverable forward (NDF) contracts, capital flight, and a general aversion to risk among investors. Adding to the pressure, the specter of US tariff policy uncertainty looms large, further dampening the rupee's value. Simultaneously, the burden of escalating oil prices is inflating India's import expenses, heightening its external financial risks.
Feb 06, 2025, 11:30 am IST
Sagility India Reports Massive 207.2% YoY Profit Surge
Sagility India Limited saw its shares rise by more than 5 percent early on Thursday, February 6, showcasing a robust performance for the quarter that ended in December 2025. The company's impressive growth was highlighted by a 207.2 percent year-on-year increase in net profit, which soared to Rs 216.9 crore. This financial strength was underpinned by a revenue surge to Rs 1453 crore, up by 15.3 percent from the previous year, and an EBITDA that reached Rs 391.8 crore, marking a 50.7 percent increase year-over-year.
Feb 06, 2025, 10:55 am IST
APL Apollo Tubes Faces Rs 28 Crore GST Demand
APL Apollo Tubes Ltd., a leading steel tube manufacturer, has received a Goods and Services Tax (GST) demand and penalty order amounting to Rs 28 crore for the financial year 2017-18. This development comes as part of ongoing tax assessments by authorities.
The company has been actively engaging with tax officials to address this issue. APL Apollo is committed to resolving the matter in accordance with legal procedures. The firm maintains that it has adhered to all applicable tax regulations during the specified period.
Feb 06, 2025, 10:13 am IST
RPower rise post Q3 Results
Reliance Power's share price experienced a notable surge of over 6% during Thursday morning trades, following the announcement of its Q3 results after market hours on Wednesday. The stock opened at ₹41.38 on the BSE, marking an increase of more than 3% from the previous close of ₹39.89. It continued to rise, reaching intraday highs of ₹43.69, translating to gains exceeding 9% in the early trading session.
In the third quarter ending December 2024, Reliance Power reported a profit of ₹41.95 crore, a significant turnaround from the loss of ₹1,136.75 crore in the same period last year. Total revenue for this quarter rose to ₹2,159.44 crore from ₹1,998.79 crore previously. Expenses also saw a reduction, dropping to ₹2,109.56 crore compared to ₹3,167.49 crore in the prior year's third quarter.
Feb 06, 2025, 10:03 am IST
Nifty Outlook By Anand James, Chief Market Strategist, Geojit Financial Services
While the pause on test of the 50day SMA unfolded yesterday on expected lines, the dips thereof appeared modest, cautioning us to expect another day of consolidation. We will continue eying 23550 towards this end and the extended targets of 24020-24226 may have to wait. Within this construct, it might still be possible to see brief spikes to 23860-909, but they are less likely to sustain, today.
Feb 06, 2025, 9:26 am IST
Stock Market Outlook Today By Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
The market is moving into a consolidation phase on expectations of a pick up in growth in the coming quarters. In the near-term the market is likely to get a mild boost from a possible 25 bp rate cut by the MPC tomorrow. Even though steadily depreciating INR doesn’t provide a favourable macro backdrop for a rate cut, the MPC is likely to go for a 25 bp cut tomorrow to keep the optimistic momentum provided by the Budget going.
The macro trend in the US is turning favourable for EMs like India. The dollar index slipping to 107.56 and the 10-year yield declining to 4.4% are positives. FIIs are unlikely to press selling the way they did in January. Financials will be in focus today on rate cut expectations.
Feb 06, 2025, 9:02 am IST
Bank Nifty Outlook Today By Om Mehra, Technical Analyst, SAMCO Securities
The index formed a runaway bearish candle, indicating caution and a potential short-term pullback. Despite this, its position above the 9 DMA and 20 DMA reflects underlying resilience in the medium term. The support is placed around 49,700–49,800, while any pullback towards 50,000 could present a buying opportunity. The resistance remains near 51,820, aligning with the 50% Fibonacci retracement level.
Feb 06, 2025, 8:58 am IST
Nifty Outlook Today By Om Mehra, Technical Analyst, SAMCO Securities
Nifty remains above the 9 DMA and 20 DMA, signaling underlying strength in the broader trend. The India VIX stands at 14.18, indicating reduced volatility and raising the prospects of a potential rebound in the coming sessions. The hourly chart retains a bullish structure, suggesting a pullback toward the 23,600–23,620 zone could present an attractive short-term buying opportunity. Support is positioned at 23,550, providing a firm base in the short term. The overall outlook for Nifty remains positive, with the possibility of some consolidation.
Feb 06, 2025, 8:56 am IST
Nifty Bank Prediction Today
“The Nifty Bank index remains firmly in bullish territory, continuing to trade above the neckline of its breakout and previous swing highs, supported by consistent buying at lower levels. With the index closing above both the 50-day and 200-day EMAs, the bullish momentum remains intact. Additionally, RSI maintaining above 50 and price action staying well above the 20-day EMA suggests the potential for continued upward movement. However, the 50,500–50,700 resistance zone, marked by fresh call writing and the transition of previous support into resistance, poses a critical challenge. On the downside, the 50,000–49,800 zone provides crucial support, further solidified by aggressive put writers defending their positions. As long as Nifty Bank sustains above 49,800, the “buy-on-dips” strategy remains in play, with a breakout above 50,500 setting the stage for a surge toward 51,200,” commented Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities.
Feb 06, 2025, 8:55 am IST
Nifty Bank Options Market Insights By Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities
The options market presents a neutral stance, with both call and put writers maintaining balanced positions, suggesting a shift in market focus toward higher strike levels. The 51,000 call strike saw a notable increase in open interest (9.92 lakh contracts), establishing it as a formidable resistance level. At the same time, significant put writing at 50,000 (9.89 lakh contracts) confirms robust downside support. Additional put additions between 49,500 and 50,000 bolster the support base, while call unwinding at higher strikes points to a potential shift in sentiment toward the bulls. The Put-Call Ratio (PCR) rose to 0.93 from 0.83, indicating an improvement in bullish sentiment. Moreover, with the max pain level situated at 50,300, the downside risk appears capped, despite ongoing volatility.
Feb 06, 2025, 8:32 am IST
Nifty Bank Holds Firm Above 50,000; Bulls Eye 50,500 Breakout
“On the daily chart, a Doji candle formed at the resistance level, while the index held firmly above both the 50-day and 200-day EMAs, reinforcing a bullish outlook. However, the index faces resistance near its previous support level, requiring a definitive breakout to extend the rally. The 50,200–50,000 range, aligned with the 200-day EMA, serves as a robust support zone, while the 50,500–50,700 region, coinciding with the prior swing high, remains a strong resistance area. The continued emergence of buyers during dips highlights underlying market strength, and as long as Nifty Bank sustains above 50,000, the uptrend should persist. Additionally, the index's position above key moving averages and RSI maintaining above 50 strengthens the market's positive outlook, minimizing downside risk,” said Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities.
Feb 06, 2025, 8:11 am IST
Nifty Outlook Today By Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities
The Nifty index maintains its bullish trajectory, staying above the neckline of the breakout and its previous swing high, while consistent buying at lower levels reinforces a positive outlook. The index has retested its 50-EMA and is trading above the 200-day EMAs, further cementing bullish momentum. Additionally, the RSI hovering above 50 and price action holding firm above the 20-day EMA enhance the case for continued upside potential. However, the 23,800–23,850 resistance zone, marked by fresh call writing and a descending trendline, remains a critical hurdle. On the downside, the 23,500–23,600 zone holds pivotal support, backed by aggressi`ve put writers defending their positions. As long as Nifty sustains above 23,400, the "buy-on-dips" strategy is expected to remain dominant, with a breakout above 23,850 setting the stage for an accelerated move toward 24,000.
Feb 06, 2025, 8:11 am IST
Nifty Options Market Insights By Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities
Derivative data indicates a moderately bearish sentiment, as call writers maintain a subtle advantage over put writers, suggesting a shift in seller positions. The 24,000-call strike experienced a sharp increase in open interest (1.66 crore contracts), reinforcing it as a strong resistance zone. Meanwhile, substantial put writing at the 23,000 strike (1.31 crore contracts) signals solid downside support. Noteworthy put additions between 23,300 to 23,500 further solidify the support base, while call unwinding at higher strikes hints at potential bullish repositioning. The Put-Call Ratio (PCR) decreased to 0.85 from 0.94, suggesting growing bearish sentiment, while the "max pain" level at 23,650 implies limited downside risk despite market fluctuations.
Feb 06, 2025, 8:10 am IST
Nifty’s Uptrend Intact as Long as 23,400 Holds Firm
“On the daily chart, the index has been retesting its 50-day exponential moving average (50-EMA), exhibiting signs of support that reaffirm bullish dominance. Nevertheless, the index is now encountering resistance near its descending trendline, necessitating a robust breakout to prolong the rally. The support zone is firmly aligned with the 200-day EMA at 23,600–23,500, while the 23,800–23,850 region, corresponding with the prior swing high, continues to serve as a formidable supply zone. The consistent emergence of buyers during declines reflects underlying strength, and as long as Nifty remains above 23,400, the prevailing uptrend is anticipated to persist. Additionally, trading above both the 50 and 200-day EMAs, coupled with the Relative Strength Index (RSI) sustaining above 50, reinforces a constructive market outlook while minimizing downside risk,” said Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities.
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