Stock Market Highlights: Nifty forms Piercing Line ahead of expiry. What traders should

04:56:33 PM IST, 31 January 2024

Tech View: Nifty forms Piercing Line ahead of expiry. What traders should do on Budget day

Nifty today ended 204 points higher above the 21,700-mark to form a Piercing Line pattern on the daily chart ahead of tonight’s US Fed meeting outcome and tomorrow’s Interim Budget. On the monthly chart, Nifty ended flat but formed a Doji candle after a two-month rise, indicating indecision at higher levels.

Having moved just above the recent lower top of 21750 levels on 29th and 30th Jan, there is a higher probability of negation of previous bearish chart pattern like lower highs and lower lows on the daily chart and that could eventually result in a bullish formation of higher highs and lows, said Nagaraj Shetti of HDFC Securities.

03:33:58 PM IST, 31 January 2024

Top gainers & losers from trade today

03:33:12 PM IST, 31 January 2024

Closing Bell: Sensex ends 612 points higher ahead of Fed outcome; Nifty above 21,700; Sun Pharma, TaMo gain 3% each

03:01:43 PM IST, 31 January 2024

PVR INOX Q3 RESULTS: Key Highlights

Revenue of Rs 15,693 mn*, EBITDA of Rs 2,259 mn* and PAT of Rs 412 mn* for the quarter
Patrons visiting our cinemas : 36.5 mn
Average ticket price (ATP) of Rs 271
F&B spend per head (SPH) of Rs 132
29 new screen openings across 7 properties during the quarter
As on date PVR INOX operates 360 cinemas with 1,712 screens across 113 cit

03:02:58 PM IST, 31 January 2024

Stock Market Live Updates | Here’s how shares of Dabur, Sun Pharma, Adani Wilmar, Maruti Suzuki, Suzlon Energy and PVR Inox are trading post Q3 announcement

02:45:51 PM IST, 31 January 2024

Maruti reported in line revenue and beat on our margin expectations, while was largely in line with consensus on margins. Discounting was relatively higher during the quarter, however, other expenses came below expectation, we would seek more clarity on the average discounting in Q3. Cost reduction efforts and favourable foreign exchange variation benefited margins.

– Himanshu Singh – Research Analyst, Prabhudas Lilladher on Maruti

02:41:32 PM IST, 31 January 2024

DABUR Q3 Results: PAT at Rs 506 crore vs ET NOW poll of Rs 511 crore; Revenue: Rs 3255cr vs ET NOW poll of Rs 3235 cr

02:34:37 PM IST, 31 January 2024

We are pleased by our continued broad-based growth including in Global Specialty. We are keenly looking forward to EMA filing of Nidlegy in coming months. Once approved, Nidlegy will significantly expand our onco-derm franchise in Europe.

– Dilip Shanghvi, Managing Director, Sun Pharma

02:31:23 PM IST, 31 January 2024

SUN PHARMA Q3 | Highlights of Q3FY24 consolidated financials

Gross sales at Rs. 121,569 million, growth of 9.5%
India formulation sales at Rs. 37,785 million, up 11.4%
US formulation sales at US$ 477 million, up 13.2%
Global specialty sales at US$ 296 million, including US$20 million milestone received in Q3. Ex-milestones, up 24.2%
Global specialty sales, ex-milestone, accounted for 19.2% of Q3FY24 sales
Emerging Markets formulation sales at US$ 252 million, lower by 2.3%
Rest of World formulation sales at US$ 214 million, up 12.9%
R&D investments at Rs. 8,245 million compared to Rs. 6,702 million for Q3FY23
EBITDA at Rs. 34,768 million (including other operating revenues), up 15.8%. EBITDA margin for Q3 at 28.1% vs 26.7% during Q3FY23
Adjusted net profit (excluding the exceptional items) for Q3FY24 was Rs. 25,936 million, up 19.7%. Reported net profit for Q3FY24 was Rs. 25,238 million compared to Rs. 21,660 mn during Q3FY23

02:21:30 PM IST, 31 January 2024

SUN PHARMA Q3 RESULTS

PAT: Rs 2524 cr vs ET NOW poll of Rs 2425 cr
Revenue: Rs 12,381 cr vs ET NOW poll of Rs 12,309 cr
Company to pay Rs 8.5/share dividend
EBIT Margin: 27.1% vs ET NOW poll of 25.9%

02:15:31 PM IST, 31 January 2024

Suzlon Energy Q3 Results: PAT at Rs 203 cr vs Rs 78.4 cr YoY

Revenue: Rs 1151 cr vs Rs 1187 cr YoY
EBITDA: Rs 240 cr vs Rs 206 cr YoY

02:12:33 PM IST, 31 January 2024

Adani Wilmar Q3 Results: Key HIghlights

01:53:25 PM IST, 31 January 2024

Maruti Suzuki Q3 Results: Key Highlights

The net profit for the quarter was INR 31,300 million, an increase of 33.1% over INR 23,513 million in Q3FY2022-23.
net sales of INR 318,600 million against INR 278,492 million in the same period of the previous year
The Company sold a total of 501,207 vehicles during the quarter. Despite the small car segment continuing to be subdued, the Company registered sales of 429,422 units in the domestic market.
The Company exported 71,785 cars, its highest-ever in any quarter. The same period in the previous year saw total sales of 465,911 units comprising 403,929 units in the domestic market and 61,982 units in exports.

01:50:32 PM IST, 31 January 2024

Maruti Suzuki appoints Kazunari Yamaguchi as a Wholetime Director designated as Director (Production) for a period of three years.

01:46:01 PM IST, 31 January 2024

Maruti Suzuki Q3 Results: PAT at Rs 3130 crore vs poll of Rs 2833 crore

01:45:14 PM IST, 31 January 2024

Adani Wilmar Q3 Results: PAT at Rs 200 cr

01:32:57 PM IST, 31 January 2024

Stock Market LIVE Updates: Procter & Gamble Hygiene and Health Care declared an interim dividend of ₹160 per equity share for the financial year 2023-24.

01:31:43 PM IST, 31 January 2024

Sensex Today | Stock Market LIVE Updates: Top gainers & losers at this hour

01:07:12 PM IST, 31 January 2024

Ambuja Cements Q3 results: Net profit rises 39% YoY to Rs 514 cr

Ambuja Cements on Wednesday reported 39% growth in its standalone net profit at Rs 514 crore for the quarter ended December. It was Rs 369 crore in the year-ago quarter.

Revenue from operations increased 8% year-on-year to Rs 4,439 crore in the October-December period, compared with Rs 4,128 crore a year ago.

12:57:05 PM IST, 31 January 2024

Crypto Price Today: Bitcoin falls below $43,000 level ahead of US Federal Reserve interest rate decision

Ahead of the US Federal Reserve policy decision later in the day, major crypto tokens were trading mixed with a negative bias on Wednesday

At 12.20 p.m., Bitcoin was trading 0.79% lower at $42,954, while Ethereum was up 1.3% at $2,332. Meanwhile, the global cryptocurrency market cap declined 0.61% to around $1.65 trillion in the last 24 hours.

All eyes are on the Federal Reserve’s decision on interest rates today, widely anticipated to stay the same. Maintaining this price until month-end would signify Bitcoin’s fifth consecutive monthly gain, its lengthiest positive streak. This is likely to continue until Bitcoin halving takes place, said Edul Patel, CEO of Mudrex.

12:38:56 PM IST, 31 January 2024

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12:17:47 PM IST, 31 January 2024

SENSEX SURGES 700 PTS: Top BSE500 stocks that hit 52-week high today

12:15:56 PM IST, 31 January 2024

Japan’s Nikkei shakes off chip blues to post best January since 1998

Japan’s Nikkei share average notched its best January in 26 years after shaking off early chip-led declines on Wednesday.

The Nikkei recovered from losses as steep as 1% in early trading to end the day up 0.61% at 36,286.71, extending its gains for the month to 7.77%, its best start to the year since an almost 9% jump in January 1998.

12:09:40 PM IST, 31 January 2024