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IFCI on Wednesday said its board has approved Rs 500 crore capital infusion in the company through the preferential issue of shares to the Government of India during the quarter.

Markets regulator Sebi on Wednesday proposed reviewing the investor charter for stock brokers in a bid to boost financial consumer protection alongside enhanced financial inclusion and financial literacy.

Specialty chemicals and life science ingredient maker Jubilant Ingrevia on Tuesday reported an 80% jump in net profit at Rs 69 crore for the third quarter ended December 2024 led by improved performance of specialty chemicals and nutrition businesses.

MCX will hold a special trading session from 9 AM to 5 PM on February 1, 2025, for the Union Budget presentation. NSE and BSE will also remain open.

Bajaj Finance Q3 Results: Bajaj Finance on Wednesday reported a 17% year-on-year growth in its December quarter consolidated net profit at Rs 4,247 crore versus Rs 3,639 crore posted in the year ago period. It is higher than ET Now poll of Rs 4,227 crore.

Indian markets closed higher for the second straight session on Wednesday. Sensex gained over 600 points, while Nifty50 ended above 23,100. Metals, power, healthcare, IT, and realty sectors led the rally.

Tata Consumer Q3 Results: Tata Consumer Products is expected to post 15-17% revenue growth in Q3FY25, driven by strong domestic performance. However, rising tea prices may impact profitability, with brokerages predicting a YoY PAT decline. EBITDA margins are also expected to shrink.

State-owned Indian Bank on Wednesday reported a 35 per cent increase in net profit at Rs 2,852 crore for the third quarter ended December 2024, helped by core income.

Sugar stocks surged on the BSE, with Balrampur Chini Mills rising 5.3% to Rs 504.95 and Dhampur Sugar Mills jumping 11% to Rs 157.9. Shree Renuka Sugars gained 7.3% to Rs 38.40, while Bannari Amman Spinning Mills climbed 4% to Rs 43. Uttam Sugar, Dalmia Bharat, and EID Parry also saw gains of 6.13%, 2.97%, and 4.05%, respectively.

European shares climbed a record high on Wednesday, as chip equipment maker ASML led technology stocks higher after reporting strong quarterly results.