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SpiceJet is set to re-induct its ungrounded Boeing 737 MAX aircraft into operations starting January 25. The fleet was grounded for several months and the development marks a milestone in the airline’s fleet restoration and operational enhancement efforts.

Domestic benchmark index NSE Nifty gained 68.35 points to 22897.5, while the BSE Sensex traded 394.58 points up at 75760.75.

Emami Ltd.(up 1.12%), Nakoda Group Of Industries Ltd.(up 1.08%), Marico Ltd.(up 0.59%), Tata Consumer Products Ltd.(up 0.39%), Dabur India Ltd.(up 0.27%), Godrej Consumer Products Ltd.(up 0.25%) and Hindustan Unilever Ltd.(up 0.10%) were among the top gainers.

Anant Raj slumped as low as 19.75% to an intraday low of Rs 536.05 on the BSE on Tuesday, January 28 amid a global sell-off being witnessed in technology stocks amid fears of the emergence of a low-cost Chinese artificial intelligence model. Anant Raj, primarily a player in the real estate market, has also diversified into data center services through its subsidiary, Anant Raj Cloud, offering secure, reliable, and scalable solutions tailored to various business needs.

Krishana Phoschem Ltd.(up 0.04%) were among the top gainers.

Federal Bank fell over 6% to Rs 178.1 in Tuesday's intraday trade on the BSE after the private sector lender reported a 5% year-on-year decline in its net profit for the third quarter ending December 30, 2024. The bank posted a net profit of Rs 955 crore, down from Rs 1,007 crore in the same period last year, despite recording its highest-ever pre-provision operating profit. The bank has made accelerated provisions of Rs 292 crore during the quarter. Total provisions also stood at Rs 292 crore after adjustment of regular provisions and provisions write-back as against Rs 91 crore made in the year ago period. Its provision coverage ratio rose to 74.21% from 71.08%.

economic growth.

rate cut next month. The Reserve Bank of India's (RBI) measures, expected to collectively infuse 1.5 trillion rupees ($17.39 billion) into the banking system, come after months of a cash crunch in the banking system that had pushed up overnight and short-term lending rates.

Donald Trump said on Monday that Chinese startup DeepSeek's technology should act as spur for American companies and said it was good that companies in China have come up with a cheaper, faster method of artificial intelligence.

Gold prices firmed on Tuesday as focus shifted to the Federal Reserve's first meeting of 2025, while investors try to decipher how U.S. President Donald Trump's policies will impact the U.S. central bank's views on growth and inflation.

AI leader Nvidia sank 17%, and it erased about $593 billion in stock market value, the deepest ever one-day loss for a company on Wall Street, according to LSEG data. It was more than double the previous one-day record loss, set by Nvidia last September.

Nvidia on Monday said Chinese AI firm DeepSeek's advances show the usefulness of its chips for the Chinese market and that more of its chips will be needed in the future to meet demand for DeepSeek's services. Nvidia issued a statement on Monday after its shares tumbled 17% to $118.58 on investor concerns that DeepSeek had matched rivals such as OpenAI using far fewer Nvidia chips than U.S. firms. Nvidia rival Advanced Micro Devices' shares also slid more than 6% to $115.01. «DeepSeek's work illustrates how new models can be created using that technique, leveraging widely-available models and compute that is fully export control compliant,» Nvidia said in its statement. One of DeepSeek's research papers showed that it had used about 2,000 of Nvidia's H800 chips, which were designed to comply with U.S. export controls released in 2022, rules that experts told Reuters would barely slow China's AI progress.

A selloff was triggered after a cheap AI model from Chinese startup DeepSeek climbed to the top of Apple’s appstore, sparking concerns that valuations of the technology may be tough to justify. Japanese stocks fell, with chip-related shares extending Monday’s declines. That was after the S&P 500 dropped 1.5% and the Nasdaq 100 sank 3%. Nvidia Corp., the poster child of the AI boom, suffered the biggest market-cap loss for a single stock in market history.

Billionaires whose fortunes are linked to artificial intelligence were the biggest losers: Huang saw his fortune fall $20.1 billion, a 20% drop, while Oracle Corp. co-founder Larry Ellison’s $22.6 billion loss was larger in absolute terms, but represented just 12% of his fortune, according to the Bloomberg Billionaires Index. Dell Inc.’s Michael Dell lost $13 billion, and Binance Holdings Ltd. co-founder Changpeng “CZ” Zhao shaved $12.1 billion.

Scott Bessent on Monday to serve as President Donald Trump's treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn't jeopardize growth.

Tata Steel, Bajaj Auto, Cipla, ITC, Coal India among others will be in focus due to various news developments and third quarter results. Tata Steel Tata Steel on Friday reported a 36% year-on-year fall in its December quarter consolidated net profit at Rs 327 crore versus Rs 513 crore posted in the year ago period.

Nvidia shares tumbled 17% Monday, the biggest drop since March 2020, erasing $589 billion from the company’s market capitalization. That eclipsed the previous record — a 9% drop in September that wiped out about $279 billion in value — and was the biggest in US stock-market history.

DeepSeek launched a free AI assistant that it says uses less data at a fraction of the cost of incumbent services. By Monday, the assistant had overtaken U.S. rival ChatGPT in downloads from Apple's app store. This led the tech-heavy Nasdaq to fall 3.1% on Monday. Nvidia was the Nasdaq's biggest drag, with its shares tumbling just under 17% and marking a record one-day loss in market capitalization for a Wall Street stock, according to LSEG data. Nvidia's market-cap loss on Monday was more than double the previous one-day record, set by Nvidia last September.

Subscribe to enjoy similar stories. New Delhi: Finance minister Nirmala Sitharaman’s last three budget speeches were marked by an absence of key figures that had in the past aided in articulating the government’s priorities and, sometimes, to justify a long-term goal that posed short term difficulties.