Share Market Highlights: Sensex gains 741 points, Nifty closes at 23,508; all eyes on Union Budget
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India's benchmark indices, Sensex and Nifty, rallied on Friday, with Sensex gaining over 450 points and Nifty surpassing 23,400. L&T surged by 4.4 per cent after announcing record new orders, contributing significantly to the rise. The IT sector gained 0.7 per cent, while financials dipped by 0.3 per cent. Markets remain upbeat ahead of the Union Budget, expected to provide further support. Both indices have gained 1.8 per cent over the last three sessions, recovering from recent lows.
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Catch key highlights of the January 31 session here:
India's benchmark indices, Sensex and Nifty, rallied on Friday, with Sensex gaining over 450 points and Nifty surpassing 23,400. L&T surged by 4.4 per cent after announcing record new orders, contributing significantly to the rise. The IT sector gained 0.7 per cent, while financials dipped by 0.3 per cent. Markets remain upbeat ahead of the Union Budget, expected to provide further support. Both indices have gained 1.8 per cent over the last three sessions, recovering from recent lows.
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Catch key highlights of the January 31 session here:
Latest Updates
Share Market Today LIVE: Economic Survey lifts markets; Sensex jumps 741 pts, Nifty ends at 23,508
D-Street cheered the Economic Survey as the Sensex surged 741 points, while the Nifty closed at 23,508. Broader markets outperformed, with the Nifty Midcap100 rising 1.89 per cent and the Nifty Smallcap100 gaining 2.11 per cent. All eyes are now on the Budget for further cues.
Share Market Today LIVE: Economic Survey flags Wall Street as a risk for Nifty bulls in 2025
The Economic Survey 2025 highlights that high valuations and excessive optimism in the US stock market could trigger a correction in 2025, potentially affecting Indian markets. Historical data reveals that the Indian market is sensitive to fluctuations in US markets, and the growing presence of retail investors adds to the risk.
Share Market Today LIVE: 5 key factors behind the rally
The Sensex surged 700 points and Nifty stayed above 23,400, driven by five key factors:
- Pre-Budget optimism: Market sentiment surged amid expectations of tax cuts and increased government spending.
- Economic Survey: India’s GDP growth forecast at 6.3-6.8 per cent for FY26 boosted investor confidence.
- Tech rebound: A recovery in tech stocks following concerns over China's DeepSeek lifted the sector.
- Rate cut expectation: Growing anticipation of a rate cut by the RBI in February added to the market's positive outlook.
- Q3 earnings: Strong Q3 results from L&T and Nestle saw their stocks rise, further supporting the rally.
Share Market Today LIVE: Sensex pares gains, up 500+ points; Nifty holds above 23,400; Vedanta jumps 2%
The Sensex trimmed its gains but still rose over 500 points, while the Nifty stayed above 23,400. Vedanta saw a strong uptick of over 2 per cent following impressive Q3 results, driving investor sentiment.
Share Market Today LIVE: Vedanta Q3FY25 financials show strong growth, PAT up 70% YoY
Vedanta reported a consolidated revenue of Rs 38,526 crore for Q3FY25, marking a 4 per cent QoQ and 10 per cent YoY increase. EBITDA rose 30 per cent YoY to Rs 11,284 crore, with a margin improvement of 517 bps to 34 per cent. Profit after tax surged 70 per cent YoY to Rs 4,876 crore, and net debt stood at Rs 57,358 crore, with a net debt/EBITDA ratio of 1.4x. Free cash flow grew to Rs 6,766 crore, leading to a 66 per cent YoY increase in cash and cash equivalents. CRISIL upgraded Vedanta’s long-term credit rating from AA- to AA with a developing watch. Parent company VRL successfully restructured $3.1 billion in bonds, reducing the coupon rate by 250 bps.
Share Market Today LIVE: Nomura maintains 'buy' on GAIL, target set at Rs 240
Nomura has retained its 'buy' rating on GAIL with a target price of Rs 240, despite disappointing results. The miss was driven by lower gas marketing and petchem profitability. Gas transmission EBIT was 4% below estimates, down 2% QoQ, while adjusted gas marketing EBIT and LPG/LHC segment EBIT also fell short of expectations. GAIL remains attractive with a valuation of 10x FY27 P/E.
Share Market Today LIVE: Sensex climbs 640 points, Nifty hits 23,500
The Sensex surged 643.55 points (0.84%) to 77,403.36, while the Nifty gained 234.20 points (1.01%) to settle at 23,483.70. A total of 2407 stocks advanced, 1049 declined, and 93 remained unchanged in intra-day trade.
Share Market Today LIVE: Tata Consumer, Nestle India lead Nifty50 gains post Economic Survey
Following the presentation of the Economic Survey 2024-25, 46 out of 50 Nifty50 stocks were in the green. Tata Consumer, Nestle India, Trent, Bharat Electronics, and Titan Company led the gains, rising up to 6 per cent. Meanwhile, ITC Hotels, Bajaj Finserv, Bharti Airtel, ICICI Bank, and JSW Steel saw declines of up to 1.41 per cent. The broader market remained positive as investors reacted to key economic projections ahead of the Union Budget.
Share Market Today LIVE: Defence stocks rally ahead of Budget 2025, poised for strong growth
Defence stocks witnessed a strong rally ahead of the Union Budget 2025, with key players like Hindustan Aeronautics Ltd (HAL), Bharat Electronics Ltd (BEL), Bharat Dynamics Ltd (BDL), Data Patterns, and Paras Defence gaining between 3-5 per cent. The surge reflects heightened investor confidence in the sector, anticipating increased budgetary allocations and policy incentives to drive self-reliance and modernisation. Read more.
Share Market Today LIVE: E-commerce, OOH, and exports drive growth for Nestlé India Q3
Nestlé India's Q3 saw strong growth in e-commerce, fueled by quick commerce and premiumization, with KITKAT, NESCAFÉ, and MAGGI leading gains. Organized trade remained steady, led by MAGGI noodles and beverages. The Out-of-Home segment expanded to 940+ kiosks across colleges and hospitals. Exports surged, with NESTLÉ MUNCH, NESCAFÉ SUNRISE, and MAGGI Masala-Ae-Magic entering the US and UAE markets.
Share Market Today LIVE: Nestlé India Q3 profit at rs 696 crore, sales grow 3.9%
Nestlé India reported total sales of Rs 4,762.1 crore in Q3, marking a 3.9 per cent YoY growth. Domestic sales rose 3.3 per cent, while profit from operations stood at 20.3 per cent of sales. Net profit reached Rs 696.1 crore, with EPS at Rs 7.22.
Share Market Today LIVE: Sensex jumps nearly 500 points ahead of Economic Survey release
Sensex surged close to 500 points, hitting the day's high as investors awaited the Economic Survey, set to be unveiled later today. Market sentiment remained upbeat ahead of key economic projections.