Latest Stock Market News

A total of 55,019 shares changed hands on the counter till 11:06AM (IST).

Sunil Subramaniam, Market Expert, expects the Budget to focus on boosting consumer spending, particularly supporting those at the economic bottom. He predicts minimal tax changes, possibly increasing the lower tax threshold. Domestic institutional investors will likely view this positively, as increased consumption could drive private sector capex and overall economic growth.

Indian benchmark equity indices traded higher on Thursday despite early losses, driven by IT stocks, while caution remained over moderating corporate earnings. HUL shares fell over 3% following weak Q3 results, while Persistent Systems and Coforge surged on strong earnings. FIIs continued selling, while DIIs were buying.

Foreign institutional investors (FIIs) offload Rs 35,658 crore in Indian stocks in early January, citing rising US bond yields and a weakening rupee. Financials suffer the most with Rs 12,200 crore sold, while minimal buying is seen in textiles and media. Analysts recommend focusing on quality stocks and defensive sectors, anticipating continued volatility.

Go Digit General Insurance shares rose 6.5% after reporting a 177% YoY increase in net profit to Rs 119 crore for the December quarter. The profit growth was driven by strong insurance premium collections. The company also elevated Atul Mehta as country head for retail geographies and key partnerships.

Pidilite Industries share price surged 5% to Rs 2,934.30 on January 23 after reporting strong Q3 FY25 results. The company posted a 9% YoY increase in profit after tax (PAT), reaching Rs 557.08 crore. Revenue grew 7.6% YoY to Rs 3,369 crore, driven by a 9.7% underlying volume growth across segments, with B2B showing strong momentum.

The Indian VIX dropped 1.6% to close at 16.77 on Wednesday. Meanwhile, the Nifty50 reversed its losses, ending 130 points higher at 23,155 in the previous trading session.