Latest Stock Market News

The Nifty Realty index was trading 1.01 per cent at 917.40.

Reliance Industrial Infrastructure Q3 Results: The company reported a drop in Q3 net profit due to lower utilisation of infrastructure assets. Profit fell to Rs 2.74 crore while revenue decreased by 9.4% to Rs 18.60 crore. The company provides infrastructure services to Reliance Industries and has no current expansion plans.

Goldman Sachs achieved its highest profit since Q3 2021, driven by strong dealmaking, debt sales, and trading. The bank reported $11.95 per share in Q4, beating expectations. Revenue surged across investment banking, asset and wealth management, with significant contributions from equity traders and a recovering M&A market.

A 52-week low is the lowest price a stock has reached in the past year, which could signal buying opportunities for strong stocks or indicate underlying issues within the company.

Ajay Bagga analyzes markets, emphasizing IT sector recovery, public sector banks’ strength, and opportunities in autos and real estate. He advises patience amid market volatility and highlights cautious optimism for long-term growth in key sectors.

Indian indices closed higher, driven by gains in financials and Reliance Industries, despite pharma and auto declines. Stocks like Devyani International and BSE saw notable action, while CreditAccess Grameen and Network18 fell.

The corporate sector has presented a comprehensive Budget wish list to Union Finance Minister Nirmala Sitharaman, urging the introduction of reforms to ensure tax certainty, incentivize fresh investments, and stimulate consumption. Business leaders emphasize the importance of a balanced approach that addresses both immediate challenges and long-term structural reforms. This is seen as essential for fostering sustainable growth in the economy.

Indian indices closed higher despite lackluster trading, with auto, FMCG, and pharma stocks weighing. Sensex rose 224 points, while Nifty gained 37 points, signaling potential short-term recovery.