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Subscribe to enjoy similar stories. India's benchmark index Nifty50 extended its winning streak for the third consecutive session on Thursday and closed 86 points higher at 23,249.50. Taking cues from the global market, the index started the session with a muted opening at 23,169.50 and continued its bullish momentum, touching the intraday high of 23,322.

Subscribe to enjoy similar stories. The Union Budget, the annual unveiling of India's fiscal roadmap, is always met with a flurry of anticipation. Yet, despite widespread excitement, markets approach the event with tempered expectations.

Reliance Industries. However, a decline in Tata Motors capped gains on the benchmarks. The benchmark BSE Sensex gained 226.85 points or 0.30% to close at 76,759.81, while the broader Nifty 50 index closed at 23,249.50, higher by 86.40 points or 0.37%.

financial stocks and heavyweight Reliance Industries (RIL). However, a decline in Tata Motors capped gains on the benchmarks. The benchmark BSE Sensex gained 226.85 points or 0.30% to close at 76,759.81, while the broader Nifty 50 index closed at 23,249.50, higher by 86.40 points or 0.37%.

Nestle India is likely to see muted revenue and profit numbers in the third quarter as the growth continues to be impacted by muted consumer demand and elevated commodity prices. Revenue from operations are likely to improve 4% year-on-year (YoY), according to an average estimate of four brokerages, while profit after tax (PAT) is seen rising by a marginal 1% YoY.

Small and midcap stocks have tumbled 15% since September 2024, weighed down by slowing domestic growth and tightening liquidity conditions. According to Nuvama Institutional Equities, the correction bears a strong resemblance to past downturns in 2011 and 2018, raising the risk of a prolonged bear market rather than a short-term blip. The brokerage warned that despite the recent slide, valuations remain elevated, suggesting that further downside risk persists unless policy intervention provides relief. Nuvama expressed a preference for exporters such as chemicals, domestic laggards with profitability nearing a bottom like cement firms and quick service restaurants, and consistent compounders.

IndusInd Bank. Analysts point to a disappointing show on almost all the metrics. The net interest income (NII) during the third quarter is likely to rise by a marginal 1% year-on-year (YoY), according to an average estimate of six brokerages. This along with higher provisions could drag the PAT down significantly by 40% YoY.

«So, frankly, the inflows as far as the funds are concerned have not really got affected, maybe some marginal changes which one cannot call it a trend as of now, that is number one,» says Vinit Sambre, DSP Mutual Fund. The time to panic in small and midcap stocks is it over or you can still churn your portfolio out of small and midcap stocks? I mean, everyone saw this coming, it is just that when it hits you, you regret. Vinit Sambre: See, basically, first of all small and midcaps in general as I have been telling that these are categories which had to be looked from a long-term perspective and last three-four years were very strong for across the equities and it is time for some reversal as of now and when I actually think about a lot of the factors which we keep monitoring, the most important factor comes about is the growth in the earnings and this is the first time after a few years we are seeing moderation, cuts have happened, more importantly results are actually reflecting what is happening as far as earnings are concerned which was not happening over the last three years.

Subscribe to enjoy similar stories. The Nifty 50 extended its winning streak for a second straight session, closing 206 points higher at 23,163.10. Tracking positive global cues, the index opened strong at 23,026.75 and maintained its bullish momentum throughout the session.

The Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy as it examines what is likely to be a bumpy political and economic landscape ahead. In a widely anticipated move, the central bank's Federal Open Market Committee left unchanged its overnight borrowing rate in a range between 4.25%-4.5%. The decision followed three straight cuts since September 2024 worth a full percentage point and marked the first Fed meeting since frequent Fed critic Donald Trump assumed the presidency last week and almost immediately made known his intentions that he wants the central bank to cut rates. The post-meeting statement dropped a few clues about the reasoning behind the decision to hold rates steady. It offered a somewhat more optimistic view on the labor market while losing a key reference from the December statement that inflation «has made progress toward» the Fed's 2% inflation goal.

Subscribe to enjoy similar stories. MUMBAI : The Coca-Cola Company’s president and chief financial officer John Murphy has reaffirmed India’s critical position in the beverage maker's global strategy, underscoring its growth potential, evolving retail dynamics, and the competitive landscape. Speaking to media in Mumbai on Wednesday, Murphy highlighted the strength of rural markets, the rising importance of vending, and the company’s approach to competition amid the resurgence of local brands.

Subscribe to enjoy similar stories. If obesity is a chronic disease, like kidney or heart conditions, demand for GLP-1 drugs shouldn’t ebb and flow with the seasons. But the weight-loss market is far from typical.

government school enrolment but also highlights improvements in learning levels in such schools in younger children.

Subscribe to enjoy similar stories. It's been a fall-winter season of clean, spare and palate-cleansing clothing with an intense focus on details, going by the menswear presentations during Paris Fashion Week. Kim Jones at Dior Men celebrated coquette-core of sorts, with models wearing semi-opaque bows as a blindfold along with borrowed-from-the-granny knitwear and cropped jumpers with bow detailing on the sleeves.

«Last 24 months, it has been 30 hotels. And there is a plan to scale up to 200 hotels in the next few years. But I am sure it is going to be at least, because we have seen that we are able to accelerate the pace going forward,» says Sanjiv Puri, Chairman, ITC. First of all, congratulations for the listing. Now, this demerger has happened. The company is now part of the stock exchange. What is your vision for ITC Hotel now? Sanjiv Puri: Firstly, thank you very much. So, this is a legacy over several decades where we have today a very strong foundation. Of course, iconic properties, iconic cuisines. We are very well known for our service standards.

Anant Raj surged 10% during the intraday session, hitting their upper circuit at Rs 587.85 on the BSE, following the company’s clarification regarding its business model in light of developments in artificial intelligence (AI) technology, specifically the announcement of a low-cost AI model by Chinese company DeepSeek. The clarification, issued on January 28 after market hours, aimed to reassure investors about the company’s operations and its outlook for the data center industry amid the growing influence of AI.

Stocks that were in focus include names like Bajaj Auto, which rose 0.3% and Tata Motors, which gained 3% and Maruti, whose shares increased 0.9% on Tuesday.

earnings season is underway and about 94 companies will announce their results on Tuesday. Key results to watch out include from Bajaj Finance, Maruti, Tata Motors, Adani Power and Ambuja Cements. Apart from the above, companies like Blue Dart, CAMS, CarTrade Tech, Fino Payments Bank, Gujarat Fluorochemicals, Indian Bank, KPIT Technologies, Olectra Greentech, Quess Corp and a few others will also declare their quarter results.

Subscribe to enjoy similar stories. Nifty50, India's benchmark index, snapped its two-day losing streak and closed 128 points higher at 22,957.25 on Tuesday. The index started the session with a gap-up opening at 22,960.45 and continued to gain intraday, taking cues from the RBI’s action to inject liquidity into the banking system.

Subscribe to enjoy similar stories. After two consecutive days in the red, Sensex and Nifty rebounded, with Nifty Bank surging nearly 2%. The optimism was driven by the Reserve Bank of India's liquidity-boosting measures, which kindled hopes of a potential rate cut in February.