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Spirits giant Brown-Forman Corp. says it’s reducing its global workforce by about 12% and closing its barrel-making plant in Louisville

On the BSE, Longview Tea(down 17.72 per cent), Palash Securities(down 11.04 per cent), Nova Pub(down 10.89 per cent), Kakatiya Text(down 10.46 per cent) and Diggi Multitrade(down 10.08 per cent) stood among the top losers in today's trade.

MphasiS Ltd. traded 0.34 per cent up at Rs 2769.20 at around 01:38PM (IST) on Tuesday. The stock had closed at Rs 2778.85 in the previous session. Equity benchmark Sensex traded 179.92 points at 76509.93 around the same time.

Marico Ltd. traded 0.9 per cent in Tuesday's session at 01:13PM (IST). The stock opened at Rs 670.00 and has touched an intraday high and low of Rs 670.00 and Rs 654.55, respectively, during the session so far. The stock quoted a 52-week high of Rs 719.80 and a 52-week low of 486.75. About 8,895 shares changed hands on the counter so far.

ICICI Lombard General Insurance Company Ltd. 0.52 per cent to Rs 1827.25 at 01:23PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 2,543 shares with a turnover of Rs 0.48 crore till 01:23PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 40.64, while the price-to-book value ratio stood at 6.80.

Pidilite Industries Ltd. traded 0.19 per cent in Tuesday's session at 12:52PM (IST). The stock opened at Rs 2796.75 and has touched an intraday high and low of Rs 2820.00 and Rs 2785.20, respectively, during the session so far. The stock quoted a 52-week high of Rs 3414.40 and a 52-week low of 2490.00. About 5,179 shares changed hands on the counter so far.

Indian Hotels Company Ltd. traded 1.49 per cent in Tuesday's session at 01:08PM (IST). The stock opened at Rs 760.00 and has touched an intraday high and low of Rs 770.70 and Rs 751.35, respectively, during the session so far. The stock quoted a 52-week high of Rs 894.15 and a 52-week low of 450.55. About 54,939 shares changed hands on the counter so far.

Subscribe to enjoy similar stories. India recently unveiled a report to guide the governance of artificial intelligence (AI), marking the country’s first structured vision in the era of Generative AI and transformative foundation models. While acknowledging AI’s far-reaching and cross-sectoral impact, the report risks repeating past governance missteps by leaning too heavily on a centralized vision.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Nifty 50 Today Live Updates: At current prices Nifty 50, faces the below Resistance and Support levels On the last trading day, the Nifty 50 index closed at 23,431.5. This closing price reflects the performance of the index, which represents a diversified portfolio of 50 large-cap companies listed on the National Stock Exchange of India.

Subscribe to enjoy similar stories. • Voltas: Sell rallies to ₹1650, stop ₹1675, target ₹1590 After a sharp breakdown in this counter, the revival in the prices looks limited. As the selling pressure intensifies, the constant supply could drag prices lower.

Vinod Karki, Equity Strategist, ICICI Securities, says the recent market correction appears to be primarily a response to the significant increase in US bond yields. Additionally, there are certain risks associated with economic growth, as evidenced by a noticeable deceleration in the economy. However, we attribute much of this slowdown to temporary factors such as elections and rainfall, which are likely to result in a postponement of demand until the latter half of this year. The predominant concern remains the escalation of bond yields and the prevailing optimism surrounding Trump, both of which have influenced market dynamics. Vinod Karki further notes that, in terms of overall market value, two sectors are distinctly prominent: large financial institutions and commodities. What is your take on the market fall on Monday because this is definitely getting on our nerves. Firstly, it hit the traders, breaching the key support levels, and now the investors are a little concerned about the fall. What is your take on the fall that we are witnessing? Is it a healthy correction or do you believe something has really changed in terms of the narrative? Vinod Karki: Fundamentally, the key reason why this is happening is the surge in US bond yields.

Here's breaking down the pre-market actions:

Nifty Next 50 index, comprising 50 stocks ranking just below the Nifty's 50, became the first benchmark index this year to enter bear territory, declining more than 20% from its 52-week highs. The index dropped 4.3% on Monday and is now down 21.09% from its yearly high on September 27. In comparison, the benchmark Nifty is 12% below its peak level on September 27, while the Nifty Smallcap 100 and Nifty Midcap 100 indices are trading 14% below their highs.

Cliff Asness, co-founder of AQR Capital Management, believes bitcoin is in a speculative bubble after the cryptocurrency's swift rally carried it above $100,000 following the November presidential election.

Indian stock markets have been on a bumpy ride over the past few months. While there were moments of recovery, the lack of stability has left many investors feeling uncertain and losing confidence. So, what’s really going on? ETMarkets spoke to Kranthi Bathini, Equity Strategist at Wealthmills Securities to decode the current market scene. Excerpts: Markets have been on a downtrend lately, can you summarize the current market situation? Kranthi Bathini: We’ve observed a seesaw pattern in the markets recently. After a mild recovery in early January, markets failed to sustain above the 24,000 mark due to several factors:

Union Budget for FY26 scheduled to be presented on February 1, 2025, a report by Goldman Sachs underlined two key concerns for policymakers, the pace of fiscal consolidation and the government's spending priorities.

Fitch Ratings on Monday said India's steady GDP growth outlook, improved banking sector's financial health and expected interest-rate cuts in 2025 will support credit access for corporates in FY26. The credit metrics of rated Indian corporates is expected to improve in the next financial year (April 2025-March 2026) driven by wider EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margins, despite high capex intensity.

Bajaj Holdings & Investment Ltd. 1.09 per cent to Rs 10704.10 in Monday's trade. It hit a high of Rs 10825.00 and low of Rs 10663.70 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 9678.84, while the 50-DMA was at Rs 10913.4. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Subscribe to enjoy similar stories. Suresh Soni, CEO of Baroda BNP Paribas MF, highlights a decline in India's price-earnings premium to other emerging markets, expecting Systematic Investment Plan (SIPs) to persist as a favoured investment method despite a shift in foreign portfolio investor focus towards developed markets. The recent market correction has meant a reduction in the price-earnings premium of India over other emerging markets from around 20% levels to ~13-14%.

Subscribe to enjoy similar stories. On 10 January, bearish sentiments continued to dominate the market, leading to increased negative bias. The current market conditions favour a bearish stance, and traders should consider using temporary market recoveries as opportunities to short the index.