Latest Stock Market News

Zydus Lifesciences Q3 Earnings: Zydus Lifesciences reported a 30% YoY rise in Q3FY25 net profit to ₹1,023.5 crore, driven by strong US growth. Revenue increased 17% YoY, while EBITDA rose 26%. The company launched new products and expanded its presence in key markets.

Sectoral gains were seen in power, energy, metal, and oil & gas, while auto, FMCG, consumer durables, and realty faced selling pressure.

Uber Technologies forecast current-quarter bookings below Wall Street estimates on Wednesday, joining a slew of U.S. companies in warning that a strong dollar could hurt the first three months of 2025, sending its shares down about 3% in premarket trading.

Jockey: Page Industries announced a 34.3% year-on-year rise in net profit for Q3FY25, reaching Rs 204.7 crore, driven by improved operating margins. The company s revenue grew 7.1% YoY to Rs 1,313 crore, while EBITDA surged 33.6% YoY to Rs 302 crore during the same period. Strong financial performance highlights its continued growth and operational efficiency.

The Nifty Pharma index closed 0.62 per cent up at 21868.5.

Indian indices closed slightly lower, with gains in financial and oil stocks offset by declines in consumer shares. Key movers: Angel One, Abbott India, Oil India, Symphony, Asian Paints, Titan.

The Nifty Auto index was trading 0.07 per cent down at 23518.85.

Retail Investors: Sebi requires companies to disclose essential information for informed investor decisions. Financial institutions enhance confidence through transparency, sharing details on fees, risks, and performance. Clear communication about investment risks helps investors align choices with their risk tolerance, ensuring better decision-making.

Shares of India s state-run oil refiners surged up to 5% after analysts at Macquarie and Goldman Sachs raised ratings and target prices, citing improved fundamentals and an attractive risk-reward setup. HPCL and BPCL were upgraded to buy, while ONGC was revised to outperform.

Indian benchmarks indices ended lower on Wednesday, as advances in heavyweight financials and oil and gas firms were offset by losses in consumer stocks. Investors stayed cautious ahead of the Reserve Bank of India s three-day monetary policy meeting, which commenced today, with expectations of an impending rate cut.