Closing Bell: Sensex tanks 802 pts, Nifty below 21,550; Titan, RIL drop 3% each – The

05:15:10 PM IST, 30 January 2024

PB Fintech Q3 results: Co posts Rs 38 crore consol PAT vs loss year ago

PB Fintech Ltd reported strong numbers for the quarter ended December, with the company posting a consolidated net profit of Rs 38 crore, against a loss of Rs 87.3 crore a year ago, and a loss of around Rs 20 crore a quarter ago.

Revenue from operations increased 43% year-on-year (YoY) to Rs 871 crore.

04:02:47 PM IST, 30 January 2024

Dr. Reddy’s Laboratories Q3 Results: PAT at Rs 1381 crore vs ETNowpoll of Rs 1337 crore

03:45:55 PM IST, 30 January 2024

Coromandel International Q3 Results: Net profit falls 56% YoY to Rs 231 crore

Indian agricultural chemicals maker Coromandel International reported a 56.2% fall in its third-quarter profit on Tuesday, hurt by subdued demand in its mainstay fertilizers and nutrient chemicals business. Consolidated net profit after tax fell to Rs 231 crore (nearly $28 million) for the quarter ended December 31 from Rs 527 crore a year earlier, according to an exchange filing. The company’s earnings have taken a hit for the third straight quarter.

03:42:21 PM IST, 30 January 2024

Rupee settles 5 paise higher at 83.11 (provisional) against US dollar

03:41:59 PM IST, 30 January 2024

Rupee settles 5 paise higher at 83.11 (provisional) against US dollar.

03:40:12 PM IST, 30 January 2024

The BankNifty index has encountered persistent resistance around the 45500 level over the last two days. To initiate a sustained upward movement towards 46000, the index needs to convincingly break through this resistance, which coincides with the highest open interest on the call side. The immediate support on the downside is situated at 45000, and a breach below this level could intensify selling pressure, leading to a decline towards 44700-44500 levels.

– Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities

03:35:00 PM IST, 30 January 2024

Top gainers & losers in closing trade

03:34:09 PM IST, 30 January 2024

Closing Bell: Sensex tanks 802 pts, Nifty below 21,550; Titan, RIL drop 3% each

03:05:04 PM IST, 30 January 2024

Gillette India’s Q2 profit rises on better demand

Gillette India, known for its shaving razors and Oral B toothbrushes, posted a 39.6% rise in its second-quarter profit on Tuesday, helped by increased demand and launch of more premium products.

Gillette India, in which consumer goods giant Procter & Gamble Co holds a majority stake, reported a profit of 1.04 billion rupees ($12.5 million) for the three months ended Dec. 31, compared with 744.5 million rupees a year earlier

03:03:03 PM IST, 30 January 2024

Stock Market Crash LIVE Updates: Sensex in freefall, down 800 points

03:02:46 PM IST, 30 January 2024

Sensex tumbles 700 pts: Check out the top losers

03:00:50 PM IST, 30 January 2024

Sensex Today | Stock Market Crash LIVE Updates: Sensex cracks 700 pts, Nifty below 21,550

02:56:18 PM IST, 30 January 2024

Renault shares rise after carmaker calls off Ampere IPO

Renault’s shares rose as much as 4.5% at Tuesday’s open after the French automaker ditched plans to list its electric vehicle business Ampere, citing sluggish stock market conditions.

Renault said on Tuesday it had enough cash to do without the stock market listing and would continue to fund the development of Ampere until it reaches break-even in 2025.

02:41:27 PM IST, 30 January 2024

Adani Total Gas Q2 Results: Cons PAT at Rs 177 crvs Rs 173 cr, up 2% QoQ

Revenue: Rs 1244 cr vs Rs 1,179 cr, up 6% QoQ

02:37:18 PM IST, 30 January 2024

Sensex Today | Stock Market Crash LIVE Updates: Sensex sees sharp selloff in late afternoon session

02:36:09 PM IST, 30 January 2024

Bajaj Finance, RIL top drag Sensex 600 pts lower

02:34:10 PM IST, 30 January 2024

Sensex Today | Stock Market Crash LIVE Updates: Sensex crashes 600 points

18 of 30 index stocks trade in the red

02:23:41 PM IST, 30 January 2024

Sensex Today | Stock Market LIVE Updates: These PSU bank stocks defy market mood, rally up to 4%

02:21:12 PM IST, 30 January 2024

Sensex Today | Stock Market LIVE Updates: Sensex drops 400 points, hits day’s low

02:19:54 PM IST, 30 January 2024

Keystone Realtors Q3 Results: PAT at Rs 29.88 cr vs Rs.5.82 cr YoY

02:18:52 PM IST, 30 January 2024

Norway wealth fund posts record $213 billion profit, driven by tech stocks

Norway’s $1.6 trillion sovereign wealth fund, the world’s largest, reported a record profit of 2.22 trillion Norwegian crowns ($213 billion) in 2023, driven by strong returns on its investments in technology stocks. The result compared with a record loss in 2022 of 1.64 trillion crowns, Norges Bank Investment Management (NBIM) said on Tuesday.

02:14:14 PM IST, 30 January 2024

Sensex Today | Stock Market LIVE Updates: Servotech Power Systems, BPCL to set up 1,800 EV charging stations pan India

02:09:51 PM IST, 30 January 2024

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01:36:37 PM IST, 30 January 2024

We foresee no Immediate reaction with the budget announcement. The announcement comes soon after the Fed announcement on the 31st, hence the market reaction for the next few weeks will be from a combination of the budget and the Fed announcement.

– Ashwini Shami, smallcase Manager, EVP & Portfolio Manager OmniScience Capital

01:24:44 PM IST, 30 January 2024

Strides Pharma Science Q3 Results: Consol net profit at Rs 49.67 crore

Consol net profit at Rs 49.67 vs versus loss of Rs 80.03 cr
Consol revenue from continuing operations at Rs 1038 cr versus Rs 865 cr

01:18:22 PM IST, 30 January 2024

Sensex Today | Stock Market LIVE Updates: Symphony says dividend at Rs 2 per share

01:16:00 PM IST, 30 January 2024

How to trade on Budget day? Puneet Sharma, CEO of Whitespace Alpha answers

In our view, volatility and speculative trading prior to budget announcement should not impact long term investment decisions for investors. With national elections expected to take place in the month of May, the market may look at factoring a return of the current BJP led government, given recent state election results. As such, we expect the current market rally to continue post budget as well.

However, if you are trading intra-day or taking positions in the derivatives market, you should consider stop losses at reasonable distances such that they provide sufficient protection, while at the same time not so close that they are triggered by the exaggerated intra-day movements.

For option traders, option premiums will be high considering higher anticipated volatility. Traders can consider direction agnostic strategies such as butterflies, long strangles/straddles or iron condors in order to have a higher chance of profiting from the volatility.

For example, one can consider taking a PE butterfly position centred at 200 or 250 points below NIFTY 50 with 100 point gaps for the wings and a CE butterfly position at a similar distance above the market price. The price of this butterfly with 4 days to go for expiry is just 7 rupees. Taking a position both ways on this would cost 14 rupees with a potential upside of making 100 rupees on expiry day if one position hits or even an extreme figure of close to 200 if both hit. This is a nominal risk reward pay off of 1:7 going upto 1:14.

01:14:17 PM IST, 30 January 2024

Bajaj Finserv Q3 Results: Cons PAT rises 21% YoY to Rs 2,158 crore, income grows 34%

Bajaj Finserv on Tuesday reported a healthy 21% year-on-year (YoY) growth in consolidated net profit for the quarter ended December to Rs 2,158 crore. Total revenue from operations rose 33.5% YoY to Rs 29,038.43 crore.

The strong earnings growth was backed by a robust show by the arm Bajaj Finance Ltd.

01:04:01 PM IST, 30 January 2024