Latest Stock Market News

Hindustan Zinc shares: Domestic brokerages are bullish on Hindustan Zinc after strong Q3 FY25 results, citing operational efficiency, cost reductions, and expansion plans. Price targets range from ₹451 to ₹585, indicating up to 35% upside driven by silver production growth and lower costs.

Tech view: The bearish chart pattern of lower tops and bottoms remains intact on Nifty. However, a breakout above 23,350-23,400 could negate this trend and unlock further upside. Immediate support is at 23,000, said Nagaraj Shetti of HDFC Securities, highlighting key resistance and support levels that traders should watch for market direction.

The Federal Reserve is expected to hold interest rates steady, assessing inflation trends and President Trump’s economic policies. Policymakers remain cautious, signaling flexibility in future rate adjustments based on evolving economic conditions and upcoming data releases.

IFCI on Wednesday said its board has approved Rs 500 crore capital infusion in the company through the preferential issue of shares to the Government of India during the quarter.

Markets regulator Sebi on Wednesday proposed reviewing the investor charter for stock brokers in a bid to boost financial consumer protection alongside enhanced financial inclusion and financial literacy.

Specialty chemicals and life science ingredient maker Jubilant Ingrevia on Tuesday reported an 80% jump in net profit at Rs 69 crore for the third quarter ended December 2024 led by improved performance of specialty chemicals and nutrition businesses.

MCX will hold a special trading session from 9 AM to 5 PM on February 1, 2025, for the Union Budget presentation. NSE and BSE will also remain open.

Bajaj Finance Q3 Results: Bajaj Finance on Wednesday reported a 17% year-on-year growth in its December quarter consolidated net profit at Rs 4,247 crore versus Rs 3,639 crore posted in the year ago period. It is higher than ET Now poll of Rs 4,227 crore.

Indian markets closed higher for the second straight session on Wednesday. Sensex gained over 600 points, while Nifty50 ended above 23,100. Metals, power, healthcare, IT, and realty sectors led the rally.

Tata Consumer Q3 Results: Tata Consumer Products is expected to post 15-17% revenue growth in Q3FY25, driven by strong domestic performance. However, rising tea prices may impact profitability, with brokerages predicting a YoY PAT decline. EBITDA margins are also expected to shrink.