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Stock market highlights on Tuesday, January 30: In the broader markets, the BSE SmallCap index clutched on to its gains as it ended 0.11 per cent higher

Traders, brokers, markets, stocks, shares, investments, funds

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				<strong>Closing Bell on January 30, 2024:</strong> Equity markets fell again, after a day&#39;s hiatus, as profit booking in financial, FMCG, pharma, and select IT stocks weighed on the sentiment.</div>
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				The S&P BSE Sensex tumbled 802 points, or 1.11 per cent, to end at 71,140 levels, while the Nifty50 dropped 216 points, or 0.99 per cent, to settle at 21,522.&nbsp;</div>
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				The fall was led by Bajaj Finance, Bajaj Finserv, Titan Company, Ultratech Cement, ITC, Reliance Industries, NTPC, Sun Pharma, L&T, M&M, HDFC Bank, Axis Bank, Asian Paints, Bharti Airtel, and IndusInd Bank.</div>
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				In the broader markets, the BSE SmallCap index clutched on to its gains as it ended 0.11 per cent higher. The BSE MidCap, on the other hand, slipped 0.64 per cent.</div>
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				Among sectors, the Nifty FMCG index fell the most (down 1 per cent), followed by the Nifty Pharma index (down 0.8 per cent), and the Nifty Financial Services index (down 0.6 per cent). On the upside, the Nifty PSU Bank index gained 0.8 per cent.&nbsp;</div>
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Sensex sheds 802 pts, Nifty near 21,500; Bajaj Fin drops 5%,TaMo rises 3%

Business Standard

Sensex sheds 802 pts, Nifty near 21,500; Bajaj Fin drops 5%,TaMo rises 3% | News on Markets - Business Standard

Prepping for IPOs, startups shore up ops and focus on profitability

Layoffs, corporate restructuring, governance and most importantly profitability: The 14 Indian startups that plan initial public offerings (IPOs) this year are pulling out all the stops to ensure successful market debuts. <a href="https://www.business-standard.com/companies/news/ipo-bound-startups-shore-up-operations-ahead-of-public-listings-this-year-124012800390_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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RBI to conduct overnight VRR to infuse Rs 25,000 crore on Tuesday

In the preceding VRR auctions, the central bank received a significant response, with banks submitting bids ranging between 2.5 to 3.2 times the bidding amounts due to tight liquidity conditions. <a href="https://www.business-standard.com/economy/news/rbi-to-conduct-an-overnight-vrr-on-tuesday-to-inject-up-to-rs-25-000-crore-124012900768_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Likely surge in prices due to Red Sea attacks, says finance ministry report

Prices may go up because of higher energy costs, caused by the rise in shipping charges, with commercial vessels taking a longer route to avoid the troubled Red Sea region, the finance ministry said on Monday. <a href="https://www.business-standard.com/economy/news/ongoing-red-sea-trouble-likely-to-push-up-prices-finance-ministry-124012900752_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="red sea" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-12/26/full/1703604750-1626.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 350px;" title="red sea" /></div>

ALERT:: US 10-year bond yield dips to 4.066%

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	<img align="left" alt="chart" class="imgCont" height="269" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-01/30/full/1706581337-8791.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="600" />
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		Source: Investing.com</div>
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Commodity ALERT:: Brent Crude Oil steady around $82/bbl

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	<img align="left" alt="chart" class="imgCont" height="269" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-01/30/full/1706581128-2718.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="600" />
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		Source: Investing.com</div>
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Commodity ALERT:: Gold futures consolidate around $2,050/ounce

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	<img align="left" alt="chart" class="imgCont" height="269" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-01/30/full/1706581032-7896.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="600" />
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		Source: Investing.com</div>
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US Market Update:: Dow Jones, S&P 500 end over 0.5% higher

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	<img align="left" alt="chart" class="imgCont" height="269" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-01/30/full/1706580864-2014.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="600" />
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		Source: Yahoo Finance</div>
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NIFTY HEATMAP :: Only 13 stocks end higher; TaMo, BPCL lead

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CLOSING BELL :: Nifty settles near 21,500

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CLOSING BELL :: Sensex declines over 800 pts weighed by ITC, Bajaj twins

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Maruti Suzuki Q3: Analysts expect profitability to weaken QoQ; here's why

Maruti Suzuki news: Analysts expect Q3 earnings to take a hit on a sequential basis on the back of adverse product mix and higher discounts offered during the December quarter. <a href="https://www.business-standard.com/markets/news/maruti-suzuki-q3-analysts-expect-profitability-to-weaken-qoq-here-s-why-124013000421_1.html?1706606845" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Maruti Suzuki cars" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-12/18/full/1702922637-0653.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 398px;" title="Maruti Suzuki cars" /></div>

After 7 yrs, TaMo pips Maruti Suzuki to become most valuable auto company

The outperformance of Tata Motors to markets is on the back of healthy volumes in its UK-based subsidiary Jaguar Land Rover (JLR). This, coupled with gradual recovery in the global passenger vehicle demand, improving profitability due to product mix and lower commodity costs, are expected to be key positives for the company, according to analysts. <a href="https://www.business-standard.com/markets/news/tata-motors-surpasses-maruti-suzuki-reclaims-most-valuable-auto-stock-feat-124013000317_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Vedant Fashions hits 18-month low, slips 7% on weak outlook

Vedant Fashions, which made its stock market debut on February 16, 2022, issuing shares at Rs 866 a piece, is primarily engaged in manufacturing and trading of readymade garments being men&#39;s ethnic wear such as sherwanis indo-western kurtas suits etc. and women&#39;s ethnic wear such as lehanga saree suit kurti etc, and related accessories. The company markets its products under the brand name of &#39;Manyavar&#39;, &#39;Mohey&#39;, &#39;Mebaz&#39;, &#39;Twamev&#39;, and &#39;Manthan&#39;. The Manyavar brand is a category leader in the branded Indian wedding and celebration wear market with a pan-India presence. <a href="https://www.business-standard.com/markets/news/vedant-fashions-hits-18-month-low-slips-7-on-weak-outlook-124013000240_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Azad Engg zooms 25% in 2 days on signing 7-year contract with Rolls-Royce

At 11:03 AM, AEL was trading 17.6 per cent higher at Rs 837.20 as compared to 0.29 per cent decline in the S&amp;P BSE Sensex. Average trading volumes on the counter more-than-doubled with a combined 3.9 million equity shares, representing 6.7 per cent of total equity of Azad Engineering, changing hands on the NSE and BSE till the time of writing of this report. <a href="https://www.business-standard.com/markets/news/azad-engg-zooms-25-in-2-days-on-signing-7-year-contract-with-rolls-royce-124013000195_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-05/19/full/1621364745-2866.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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Over 80% of Sensex, Nifty50 stocks trade above their 200-DMA

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	Nearly 83 per cent of the stocks that comprise the S&amp;P BSE Sensex (25 out of 30) and 86 per cent of those that comprise the Nifty50 index (43 out of 50) are currently trading above their respective 200-day moving average (DMA), shows data. <a href="https://www.business-standard.com/markets/news/over-80-of-sensex-nifty50-stocks-trade-above-their-200-dma-124013000178_1.html" target="_blank"><strong>Read</strong><br />
	<img alt="markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-02/01/full/1612203648-8034.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

ITC extends fall, slips 5% in 3 days as Q3 results miss Street estimates

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	Shares of ITC slipped 2 per cent to Rs 441.70 on the BSE in Tuesday&#39;s intraday trade after the fast moving consumer goods&#39; (FMCG) company reported 3.2 per cent year-on-year (Y-o-Y) decline in earnings before interest, taxes, depreciation, and amortisation (Ebitda) at Rs 6,024 crore for the December quarter (Q3FY24). <a href="https://www.business-standard.com/markets/news/itc-extends-fall-slips-5-in-3-days-as-q3-results-below-street-estimates-124013000161_1.html" target="_blank"><strong>Read</strong><br />
	<img alt="ITC limited" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-10/19/full/1697737802-5292.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Bajaj Finance slides 5% as mgt flags rural, B2C stress post Q3 results

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	Despite an in-line December quarter, investors booked profit in shares of Bajaj Finance as the management turned cautious on B2C (business-to-consumer) and rural segment post the December quarter (Q3) results of financial year 2023-24 (FY24). <a href="https://www.business-standard.com/markets/news/bajaj-finance-slides-5-as-mgt-flags-rural-b2c-stress-post-q3-results-124013000177_1.html" target="_blank"><strong>Read</strong><br />
	<img alt="Bajaj Finance slides 5% as mgt flags rural, B2C stress post Q3 results" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-07/27/full/1658917862-0655.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

EPACK Durable lists at 4% discount to issue price on NSE

EPACK Durable made a weak stock market debut, with shares of the company listed at Rs 221, a 4 per cent discount when compared with its issue price of Rs 230 per share on the National Stock Exchange (NSE) on Tuesday. <a href="https://www.business-standard.com/markets/news/epack-durable-lists-at-4-discount-to-issue-price-on-nse-124013000146_1.html" target="_blank"><strong>Read</strong><br />
<img alt="home appliances, consumer durables" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-04/23/full/1619199245-5793.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a>

MidCap and SmallCap indices hold small gains

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Heatmap: JSW Steel, Bharti Airtel lead Sensex gains

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Currency Alert: Rupee opens nearly flat at 83.13/$

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Will the interim Budget be a non-event for the markets?

Will the upcoming polls influence the interim Budget proposals of Finance Minister? Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies shares his expectations. <a href="https://www.business-standard.com/shows/the-morning-show/will-the-interim-budget-be-a-non-event-for-the-markets-3707.htm" target="_blank"><strong>WATCH VIDEO</strong></a><br />
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	<img align="" alt="Andrew Holland" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-06/20/full/1624203650-6745.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Andrew Holland" width="620" /></div>

Global factors, not 2024 Lok Sabha elections, worry fund managers

High interest rates and expectations of domestic investors are top concerns, they said at Business Standard BFSI Insight Summit 2023. <a href="https://www.business-standard.com/specials/supplements/global-factors-not-2024-lok-sabha-elections-worry-fund-managers-124012300561_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Mixed outlook for Tata Steel stock as global demand remains soft

In Q3FY24, Tata Steel&#39;s standalone revenue increased by 2 per cent year-on-year (Y-o-Y) to Rs 34,700 crore, in line with consensus. <a href="https://www.business-standard.com/markets/stock-market-news/mixed-outlook-for-tata-steel-stock-as-global-demand-remains-soft-124012901046_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Tata Steel" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/18/full/1681813091-3514.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Tata Steel" /></div>
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Valuation to risks: What's in store for mutual fund investors in 2024?

With the market delivering strong returns in 2023 (close to 20 per cent by largecaps and around 45 per cent in midcaps and smallcaps), the scope for similar gains is limited in 2024, say fund managers.&nbsp; <a href="https://www.business-standard.com/specials/supplements/valuation-to-risks-what-s-in-store-for-mutual-fund-investors-in-2024-124011800529_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Launch delays key risk to outlook for pharma company Cipla stock

The country&rsquo;s second-largest pharma company by market capitalisation, Cipla posted a strong performance in the December quarter led by domestic operations. This, coupled with higher margins, led to an upward revision in earnings estimates by as much as 12 per cent. <a href="https://www.business-standard.com/companies/news/launch-delays-key-risk-to-outlook-for-pharma-company-cipla-stock-124012901054_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="v" class="imgCont" height="509" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-05/29/full/1527534464-3349.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Pharma Stocks, Sun Pharma, Cadila, Cipla" width="619" /></div>

Stocks to watch on Jan 30: ITC, Bajaj Finance, Epack, Vi, NTPC, Havells

Q3 earnings today: L&amp;T, Dr Reddy&#39;s, Bajaj Finserv, PB Fintech, Adani Total Gas, Cochin Shipyard, KEC International and KPIT Tech, among others.&nbsp; New listing: Epack Durable will make its market debut today. The issue price is fixed at Rs 230. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-on-jan-30-itc-bajaj-finance-epack-voda-idea-havells-124013000076_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Nifty Bank rangebound on charts in near-term: Check levels to watch out

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	A detailed analysis indicates a trading range between 46,050 on the upper side and 44,430 on the lower side, as per Ravi Nathani. <a href="https://www.business-standard.com/markets/news/nifty-bank-rangebound-on-charts-in-near-term-check-levels-to-watch-out-124013000066_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="technical skills" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-06/13/full/1623606019-5781.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="technical skills" width="620" /></div>
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Asian Market Update:: Hang Seng dips nearly 2% in mixed trade

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	<img align="left" alt="chart" class="imgCont" height="408" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-01/30/full/1706582504-8731.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="600" />
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		Source: Yahoo Finance</div>
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