Latest Stock Market News

The Indian rupee hit ‍a record low against the dollar ​on Thursday, pressured by dollar demand linked to the maturity ⁠of non-deliverable forward positions and corporate hedging, while the central bank likely intervened to hold it above the psychologically significant 92 level.

India’s Chief Economic Adviser V Anantha Nageswaran on Thursday delivered a sharp warning on financial markets, saying years of ultra-loose monetary policy have resulted in stretched asset valuations, rising concentration risks, and a growing reliance on less regulated sources of capital.

Tata Motors (CV) Q3 Results: Tata Motors Limited (TMCV) reported a 48% decline in its December quarter consolidated net profit at Rs 705 crore compared to Rs 1,355 crore reported in the year ago period.

Euro zone bond yields held steady ‍on Thursday as concerns ​persisted over the strength of the euro ⁠and whether it might prompt the European Central Bank to cut interest rates, while the U.S. Federal Reserve kept rates unchanged.

Ten-year British government bond ‍yields rose ​to their highest since ⁠November 20 on Thursday, tracking a modest upward move in U.S. Treasury yields after ‌the Federal ‌Reserve kept interest rates unchanged on Wednesday.

Nestle India is expected to post steady Q3 revenue growth of about 10–11%, driven by healthy domestic volumes. However, higher input costs may weigh on margins, keeping profit growth modest despite continued focus on volume-led expansion and brand investments.

European shares rebounded on Thursday, lifted by higher prices of oil and precious metals, shaking off the gloom from weaker luxury ‌earnings the ‌day before.

Swiss engineering group ABB reported fourth-quarter earnings exceeding forecasts and announced a new $2 billion share buyback, expressing confidence for 2026. The company is benefiting from the AI boom, strong demand in rail and marine sectors, and achieved record full-year orders and revenue. ABB aims for further growth and margin improvement by 2026.

Investor sentiment remains cautious ahead of the Union Budget, with FII outflows a key concern. Market expert Neeraj Dewan suggests selective buying in infrastructure, capital goods, and PSU banks, noting attractive valuations. He remains constructive on power T&D and sees opportunities in power generation, while advising caution on NBFCs and recommending long-term accumulation in real estate.

Canara Bank Q3 Results: Canara Bank posted a strong operational performance in the quarter, with operating profit rising 16% year-on-year to Rs 9,119 crore. Business growth remained healthy, as global business, deposits and advances each grew 13%. Credit expansion was driven by retail, agriculture and MSME segments, with retail loans up 31%.