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The Reserve Bank of India likely intervened to support the rupee before the local spot market opened ahead of a key monetary policy decision. The rupee, initially at 87.56-87.58, strengthened to 87.45 by 09:00 a.m. IST. State-run banks were observed selling dollars, suggesting RBI support. The RBI is expected to cut rates by 25 basis points.

ICICI Securities has issued an add recommendation on Zydus Wellness with a target price of Rs 2,000, up from the current Rs 1,779. Zydus, a mid-cap FMCG firm, reported a Q4 income of Rs 465.70 crore. The brokerage revised earnings estimates due to tax impacts and maintains an ADD rating with key risks being product development delays.

The Nifty Pharma index was trading 0.44 per cent down at 21911.45.

Sunil Koul sees a shift from capex to consumption stocks in India due to steady GDP-aligned capex growth. With the government s tax relief, consumer spending is set to rise, benefiting consumer sectors over capex-heavy ones like infrastructure. Consumption, especially in discretionary categories, is expected to outperform given current economic conditions.

BSE s net profit surged 104% YoY to Rs 220 crore in Q3, while revenue from operations jumped 108% to Rs 773 crore. Operating EBITDA more than doubled to Rs 236 crore, with margins at 31%. Shares of BSE surged 125% over the last year.

Mayuresh Joshi highlights potential growth in the chemical and agrochemical sectors in 2025 due to favorable conditions and policies. However, he advises caution towards stocks with negative cash flows like Zomato and Swiggy for now. Attractive opportunities include niche chemical players like Ami Organics and Neogen Chemicals and consumer discretionary stocks in the coming financial year.

SBI share price: SBI s net interest income (NII) for Q3FY25 rose by 4.09% YoY, totaling Rs 41,620 crore, compared to Rs 39,816 crore in the corresponding period last year.

The death cross is a technical indicator of bearishness.