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IndusInd Bank reported a 39% year-on-year decline in standalone net profit for Q3FY25 to Rs 1,401 crore, surpassing Street estimates. Interest income rose 11% YoY, while deposits grew by 11%. However, net interest income fell, NIM contracted, and asset quality deteriorated with higher NPAs.

Stock to News on Budget Day Today: So, watch out for ITC, Sun Pharma, Vishal Mega Mart, Infosys, Hero MotoCorp, HUL, RVNL, IRCTC and a slew of other stocks that will be in focus on the Budget day.

The underlying trend of Nifty remains strong. Having surpassed the hurdle of 23,500 levels, bulls could advance towards another resistance of 23,800 levels in a short period of time. Immediate support is at 23,400 levels, said Nagaraj Shetti.

Share Market Open Today: National Stock Exchange (NSE) and the BSE confirmed in a circular issued earlier this week that trading will continue as per regular market hours. Pre-market trading will begin at 9:00 AM and run until 9:08 AM, after which equity market trading will take place from 9:15 AM to 3:30 PM.

The NSE Nifty gained 1.11%, or 258.90 points, to close at 23,508.40. The BSE Sensex advanced 1%, or 740.76 points, to close at 77,500.57. For the week, both indices rose 1.8% in a relief rally marked by scepticism. They are down less than a percent in January.

Sebi has defined greenwashing as making false, misleading, unsubstantiated or incomplete claims about the sustainability of a product, service or business operation.

Linkages between the two markets are more pronounced in a downturn, but that may not be the case when the market is on a strong footing. In 51 instances, when the Nifty dropped over 10%, the S&P 500 notched up gains on 13 instances.

Shares of L&T have broadly remained range bound in 2024. It made a high of ₹3,963 in December and has fallen 11.2% since then.

Indian markets extended gains for the fourth session, driven by Larsen & Toubro’s strong Q3 results and optimism around the Economic Survey. Analysts anticipate a pro-growth budget, potential tax cuts, and continued infrastructure spending to sustain the rally.

Oil and Natural Gas Corp (ONGC) has reported a 17% decline in third-quarter profit on a drop in oil prices and higher depreciation.