Latest Stock Market News

Gold February futures opened at Rs 79,303 per 10 grams, and silver March futures at Rs 92,270/kg. Gold has gained Rs 2,550/10 grams and silver Rs 5,000/kg this year. Prices rose amid a weakening dollar and global market uncertainty, with a focus on US election results and Federal Reserve policies. Gold and silver are expected to remain volatile.

Brokerages have downgraded Supreme Industries, MRPL, and Mankind Pharma post their Q3 results due to sector-specific headwinds, weak demand, and acquisition-related pressures. Elara Capital, Prabhudas Lilladher, and Macquarie adjusted their ratings citing challenges in growth projections and earnings performance.

Promoters held 62.55 per cent stake in the company as of 31-Dec-2024, while FII and DII ownership stood at 9.88 per cent and 9.89 per cent, respectively.

Zomato shares fell 5.1% after disappointing Q3 FY25 results, with a 57% YoY drop in net profit. The quick-commerce unit, Blinkit, continues to incur losses despite expansion plans. Brokerages gave mixed ratings, with targets ranging from Rs 130 to Rs 320. Analysts urge Zomato to improve profitability amidst competitive pressures and slowing growth.

The automobile sector anticipates Finance Minister Nirmala Sitharaman to announce reforms supporting sustainable technologies in the Union Budget 2025-26. Key expectations include reducing GST on hybrid and electric vehicles to 18%, expanding PLI schemes for EV components, providing incentives for hydrogen fuel research, and encouraging vehicle scrapping to boost new vehicle demand.

A total of 77,686 shares changed hands on the counter till 10:55AM (IST)

Bitcoin approached a record high amid volatile trading as the new U.S. administration, led by President Trump, unveiled plans to overhaul cryptocurrency regulations. The SEC announced a task force to develop a regulatory framework for digital assets, but analysts caution about continued volatility until concrete policies emerge.

Netflix dominates the streaming market, adding 18.9 million subscribers in Q4, reaching nearly 302 million. Popular shows, live events, and a mix of top-tier content drive growth. The company increased subscription prices and plans more live broadcasts. Fourth-quarter earnings and revenue beat estimates, and Netflix revises guidance with improved fundamentals.