Stock markets extend gains for 3rd day; Airtel, Reliance major movers
The Hindu
Benchmark indices Sensex and Nifty close higher on third consecutive day, led by heavyweight stocks; market outlook remains volatile.
Extending the winning run to the third day, benchmark indices Sensex and Nifty closed higher on Thursday (January 30, 2025) on buying in heavyweight stocks Reliance Industries, Bharti Airtel and HDFC Bank.
The 30-share Sensex advanced 226.85 points or 0.30% to settle at 76,759.81 in a volatile trade amid the monthly expiration day. During the day, it surged 429.92 points or 0.56% to 76,962.88.
The NSE Nifty went up by 86.40 points or 0.37% to 23,249.50.
From the 30-share blue-chip pack, Bharti Airtel, Power Grid, Bajaj Finance, Nestle, Mahindra & Mahindra, Reliance Industries, Asian Paints, IndusInd Bank, Hindustan Unilever and HDFC Bank were the biggest gainers.
Bajaj Finance climbed nearly 2% after the company reported an 18% increase in its consolidated net profit to ₹4,308 crore for the December quarter.
Tata Motors tanked over 7% after the firm reported a 22% fall in consolidated net profit to ₹5,578 crore for the third quarter ended December 2024, impacted by a decline in revenue from its passenger and commercial vehicles divisions.
ITC Hotels, Bajaj Finserv, Adani Ports, Tech Mahindra, Zomato and Kotak Mahindra Bank were the other laggards.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Nissan cuts U.S. production, offers buyouts to workers in global restructuring plan to boost profitability.
Finance Minister Nirmala Sitharaman to present record eighth consecutive Union Budget, focusing on economic growth and middle-class relief.
Deputy Commissioner of Police in Manesar imposes prohibitory orders ahead demonstration by temporary Maruti workers, sparking criticism from labour rights activists.
SoftBank is in talks to invest as much as $25 billion into OpenAI, the Financial Times reported.
Benchmark indices Sensex and Nifty rebounded, led by Bajaj Finance and Bajaj Finserv, despite early losses and FII selling.
Rupee weakens against US dollar due to FED's hawkish outlook, foreign fund outflows, and domestic market trends.
According to the company, the technology, protected by multiple international patents, facilitates the creation of a plastic-to-plastic circular economy, where commonly used plastics such as polyolefin packaging no longer need to be down-cycled, incinerated or landfilled at the end of their life. Instead, they can be continuously recycled in a closed-loop, without any loss of quality.
Meta beat Wall Street expectations for fourth-quarter revenue on Wednesday but predicted sales in the current first quarter may not meet forecasts.
Union Budget 2025: Analysis of Indian economy's growth patterns, fiscal spending, and impact on consumption trends, highlighting need for policy changes.
OpenAI warns of Chinese companies reverse engineering AI models, sparking tensions over intellectual property protection.
NCLT orders inquiry against Byju's resolution professional, restores Aditya Birla Finance as financial creditor, nullifies CoC reconstitution.
U.K. Chancellor Rachel Reeves signals that Britain was not destined to decline, announces a slew of projects and regulatory changes.
The Centre on January 29 urged airlines to maintain ‘reasonable fares’ for devotees making their way to Prayagraj for the ongoing Maha Kumbh. IndiGo said it has slashed down ticket prices by 30% to 50% on flights to and from the pilgrim city.
The Centre on January 29 urged airlines to maintain ‘reasonable fares’ for devotees making their way to Prayagraj for the ongoing Maha Kumbh. IndiGo said it has slashed down ticket prices by 30% to 50% on flights to and from the pilgrim city.
Union Budget 2024 slashes agriculture subsidies, farmers demand MSP implementation, loan waivers, and comprehensive crop insurance in 2025 Budget.
Budget updates: India's Union Budget 1955-56 under Finance Minister C.D. Deshmukh laid the foundation for industrialization and economic growth.
Stock market indices Sensex and Nifty surged nearly 1% on Wednesday, driven by IT, capital goods, and industrial stocks.
Union Cabinet approves higher ex-mill price for ethanol from C heavy molasses, advancing 20% ethanol blending target to 2025-26.