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The RBI allowed the currency to move both ways, with minimal intervention. There were also flows into the Indian bond market in anticipation of a rate cut on February 7, but dollar demand from foreign banks offset the gains," said a bond dealer at a private bank.

United Spirits Ltd on Thursday reported a 4.3 per cent decline in consolidated net profit at Rs 335 crore in the December quarter, impacted by higher expenses and severance costs related to a closed unit.

Indus Towers reported a 160% on-year jump in net profits at Rs 4,003 crore in the fiscal third quarter, on the back of strong tower additions, and significant collections of overdues from Vodafone Idea, which is one of its major customers.

Associated Alcohols and Breweries (AABL) outperformed market volatility, gaining 27% in three months. The company’s focus on premium products, expanded proprietary brands, and new markets supports analysts’ forecast of 26% revenue and 40% profit growth by FY27.

Mankind Pharma on Thursday said its consolidated net profit declined 16.5 per cent to Rs 384 crore in the third quarter ended December 31, 2024. The company had reported a net profit of Rs 460 crore for the October-December period of last fiscal.

Small market corrections tend to have a lesser impact on retail investors. Their smaller investment size makes them less prone to panic selling during market fluctuations, compared to high-net-worth individuals (HNIs) who may react more strongly due to the larger sums at stake.

MakeMyTrip posted a Q3 FY25 profit of $27M, up from $24M last year, with revenues rising 26.2% to $267.4M. Strong growth in gross bookings, international outbound, and operating profit drove performance.

Indian markets closed in the green for the second consecutive session, with Sensex rising 115.39 points and Nifty gaining 50 points. Analysts predict a bearish trend below 23,400.

UltraTech Cement Q3 Results: Revenue from operations rose by a marginal 3% YoY to Rs 17,193 crore. Despite the profit decline, it exceeded the Street estimate of Rs 1,195 crore, while revenues also surpassed expectations of Rs 16,854 crore. UltraTech reported 73% capacity utilization for the quarter, with domestic sales volume up 10% YoY. Energy costs dropped 13% YoY due to lower fuel prices.

A rise in Domestic Institutional Investor (DII) shareholding often reflects increased confidence among local institutions in the market or specific companies, indicating expectations of positive performance and stable economic conditions.