Latest Stock Market News

Eicher Motors posted an 18% YoY rise in consolidated net profit to Rs 1,171 crore for Q3, with revenue up 19% at Rs 4,973 crore. Royal Enfield achieved record quarterly sales of 269,039 motorcycles. VE Commercial Vehicles also showed growth with its highest-ever sales volumes.

Gold prices surpassed ₹85,000 per 10 gm in the physical market for the first time due to increased demand triggered by fears of a global trade war following new tariff plans announced by US President Donald Trump. This price surge has negatively impacted consumer sentiment, leading to a 25-30% drop in demand ahead of the March wedding season.

Health insurers are seeking clarity from IRDAI on how the 10% annual premium hike cap for senior citizens affects long-term policies. The cap aims to protect financially vulnerable older adults from steep premium increases. Insurers must also standardize pricing and obtain regulatory approval before discontinuing or modifying products.

Torrent Group is in the final stages of acquiring around 66% of the IPL team Gujarat Titans, valuing the franchise at about Rs 7,500 crore. The deal requires BCCI approval and would be the first majority stake sale since IPL s inception in 2008.

NSE s Metal index fell 2.64% on Monday, while the Nifty declined 0.8% - extending losses to the fourth straight trading session. National Aluminium was the top loser on the index, down 4.9%, whereas Steel Authority of India (SAIL), Vedanta, and NMDC declined over 4% each.

As per Vedanta s revised December 2024 composite scheme of the arrangement, the demerger will result in the creation of five sector-focused entities - Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power and Vedanta Iron & Steel, while Vedanta Limited will hold both upcoming and some existing businesses not covered by the above four verticalised revenue streams.

Market participants are expecting additional liquidity support via variable rate repo (VRR) auctions and open market operations (OMO) purchases, both planned and unplanned, along with foreign exchange swaps, as the RBI s forward book is heavy with large near-term maturity, economists said.

Shares of Vodafone Idea, SAIL, IRCTC, Tata Investment and Ircon will be in focus as the companies will announce their third quarter results today.

US equity futures dropped, and the dollar and gold gained as President Trump imposed 25% tariffs on steel and aluminum imports. This move affects global markets, with investors seeking safer assets amidst uncertainties. Focus remains on inflation data and Fed Chair Jerome Powell’s Congressional testimony this week.

In FY25 so far, Sensex has gained 5.71%, while the auto index rose 7.18%, with several auto-ancillary stocks showing strong growth, according to ETMarkets analysis.