Latest Stock Market News

A short buildup happens in the Futures and Options segment when open interest and trading volumes increase while the stock price declines.

Indian benchmark indices ended lower on Friday, led by declines in pharma, real estate, and auto stocks. Capri Global, KFin Technologies, and Mphasis reported strong earnings, while Cyient and Tejas Networks saw sharp drops.

JSW Steel Q3 Results: The profit for the same period last year was Rs 2,415 crore. Revenue from operations too declined 1% YoY to Rs 41,378 crore.

Global brokerages are optimistic about HDFC Bank, following its Q3 results. HDFC Bank reported a 2.2% year-on-year growth in its net profit for the December quarter. Several firms have issued buy ratings with price targets indicating potential upsides, including Macquarie (38%), Morgan Stanley (18%), IIFL (14%), BofA (21%), and Nuvama (17%).

​The government knows that there is a slowdown, but still the government capex, government spending has not picked up. Now what is leading to that, why this stagnation is there, and what is their thought process it will become clear in a week when the budget comes in.

Despite weak Q3 earnings, Bharat Petroleum (BPCL) draws attention from global brokerages. CLSA upgraded BPCL to ‘Hold’ with a target of Rs 270, while Morgan Stanley maintains an ‘Overweight’ rating with a target of Rs 419. BPCL posted a 20% YoY profit increase, but missed market expectations. Shares surged 14% over the past year.

Brokerages highlight promising stocks in defence, infra, cement, BFSI, auto, metals, and mining sectors ahead of Union Budget 2025. Key picks include BEL, Tata Motors, H.G Infra, UltraTech, SBI, Maruti Suzuki, and Tata Steel, anticipating government focus on infrastructure and economic revival.

Union Budget 2025 is set to address critical needs in the real estate sector, focusing on affordable housing and infrastructure development. Key expectations include raising the affordable housing price cap, extending home loan tax benefits, reducing the corporate tax rate for housing projects, and expanding credit guarantee schemes to encourage development and reduce lending risks.

Tejas Networks’ shares fell 9.4% due to a sharp decline in its order book and rising inventory levels. Despite posting strong Q3FY25 results with a net profit of Rs 165.67 crore, concerns over growth sustainability persisted. The stock has dropped 34% from its 52-week high and is trading near its target price.

This announcement comes after a previous decision to add six companies to the F&O segment, namely Castrol India, Gland Pharma, NBCC, Phoenix Mills, Solar Industries, and Torrent Power.