Latest Stock Market News

Stock broker: Indian stockbrokers face a sharp profitability squeeze in FY25 due to regulatory changes impacting trading volumes. F&O turnover has plummeted, pressuring revenue streams. However, brokers are countering the slowdown by expanding margin trading facilities (MTF), which now play a growing role in revenue generation.

Tech view: The Nifty s near-term uptrend remains intact despite ongoing weakness, which may find support around 23,500-23,450 levels. A rebound from these lows is expected. A decisive move above 23,800 could trigger another leg of upside momentum in the market. Traders should closely monitor these levels for potential opportunities, said Nagaraj Shetti of HDFC Securities.

Continuing the record-setting trend, gold prices climbed Rs 270 to hit a new lifetime high of Rs 86,070 per 10 grams in the national capital on Thursday as the rupee slid to all-time low levels and stock markets closed with losses. Gold of 99.5 per cent purity gained Rs 270 to hit a new high of Rs 85,670 per 10 grams.

A 52-week high is a key metric for traders and investors, indicating a stock s peak value over the past year.

Bharti Airtel’s consolidated net profit for the fiscal third quarter has more than doubled on-year, on account of one-time gain incurred by consolidation of majority stake in Indus Towers.

ITC dividend: FMCG major ITC declared an interim dividend of Rs 6.50 per share for the financial year ending March 31, 2025 and it will be paid between March 6 and March 8, the company today said in its filing to the exchanges. The company has fixed Wednesday, February 12, 2025 as the record date.

Hero MotoCorp Q3 Results: The profit was higher than the Street s estimates of Rs 1,122 crore.

The Nifty IT index closed 0.31 per cent up at 43020.95.

Bharti Hexacom Q3 Results: Bharti Hexacom posted quarterly revenue of Rs 2,251 crore in Q3FY25, marking a 25% rise from Rs 1,800 crore in the same quarter last year. Profit after tax grew 3% sequentially from Rs 253 crore in Q2FY25. Revenue also increased 7.3% quarter-on-quarter from Rs 2,098 crore in the July-September quarter of FY25, reflecting continued business growth.

Bank of England rate cut: The Bank of England lowered its interest rate by a quarter percentage point to 4.5%, with two officials advocating for a larger cut to 4.25%. The bank noted revised inflation forecasts and weaker growth, signaling a cautious approach to future rate adjustments amid economic uncertainties.