Stock Market Close Highlights: Sensex slips 319pts on US tariff jolt; Nifty at 23,361; Smallcaps dip

Markets Today Highlights: Smallcap shares were among the top laggards in broader markets, with the Nifty Smallcap100 index ending down by 2.13 per cent

10:30 AM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The Nifty remained volatile before closing on a negative note. On the daily chart, the index managed to close above the critical 21EMA; however, sentiment appears fragile, and support may be broken in the near term. On the lower end, support is placed at 23,200/23,100, while on the higher end, resistance is placed at 23,400.

View by Rupak De, senior technical analyst, LKP Securities.

10:21 AM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Slump in global equity markets weighed negatively on Indian benchmarks after Trump announced tariffs on China, Mexico and Canada which fuelled pessimism amongst the investors. The strong bearish undercurrent triggered massive selling in mid and small-cap stocks and the consumption-related FMCG and automobile stocks, as any let up in tariff war could trigger panic selling. Besides, rupee depreciating sharply and breaching above 87k mark against the dollar raised concerns that foreign investors are unlikely to reverse the selling trend.

View by Prashanth Tapse, senior VP (Research), Mehta Equities Ltd.

 

10:13 AM

Stock Market LIVE Updates: Here's a look at Nifty gainers and loser at close

Stock Market LIVE Updates: L&T, Tata Consumer Products, Hero MotoCorp were among the top losers on Nifty50. 

 

10:11 AM

Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close

Stock Market LIVE Updates: L&T, HUL, Tata Motors were among the top laggards on Sensex at close. 

 

10:10 AM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap and Smallcap settled in red. 

 

10:07 AM

Stock Market Highlights LIVE Updates: Nifty closes 121 lower, below 23,400

The NSE Nifty50 closed at 23,361 level, down 121 points on Monday.

10:05 AM

Stock Market Highlights LIVE Updates: Sensex closes over 300 pts lower

The BSE Sensex closed 319 points lower at 77,186 level on Monday.

9:50 AM

Stock Market LIVE Updates: SRF hits record high in weak mkt; stock up 33% in 1-mth on healthy outlook

Shares of SRF hit an all-time high of Rs 2,940, as they rallied 4 per cent on the BSE in Monday’s intra-day trade in an otherwise weak market on healthy outlook.

The stock of the specialty chemicals maker surpassed its previous high of Rs 2,864.35 touched on September 14, 2022. In comparison, the BSE Sensex was down 0.4 per cent at 77,199 at 02:36 PM. Read more

9:41 AM

Stock Market LIVE Updates: Kamat Hotels (India) shares hit 20% upper circuit on bourses; reasons here

Kamat Hotels (India) shares were buzzing in trade in otherwise weak markets on Monday, February 3, 2025. The company's share price climbed as much as 19.98 per cent to get locked at the upper circuit of Rs 272.55 apiece on the BSE during the intra-day trade. A combined total of nearly 0.83 million equity shares of the company, estimated to be worth around Rs 98.54 crore, exchanged hands on the BSE and NSE.

 

The northward move follows the company’s announcement of its financial results for the third quarter of the financial year 2024-25 (Q3FY25). Read more

9:31 AM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty50 were trading lower on Monday, amid subdued global cues and lower Asian markets. 

At 3 PM, the BSE Sensex was lower by 294.13 points, or 0.38 per cent, at 77,211.83, and the Nifty50 was at 23,351.25, down 130.90 points, or 0.56 per cent. 

 

9:17 AM

Stock Market LIVE Updates: CreditAccess Grameen secures $50 million funding from International Finance Corp

Stock Market LIVE Updates: CreditAccess Grameen informed today that it has secured approval for a $50 million commitment from the International Finance Corporation (IFC). 

The company, in an exchange filing, said, "IFC’s investment will help enhance access to finance for microentrepreneurs with a particular focus on women borrowers engaged in agriculture and agri-related activities". 

"The funding will help CA Grameen reach 3-4 million additional women borrowers over the lifecycle of the project," it added. Further, IFC will help CA Grameen diversify and strengthen its liability profile to include long tenor financing, the company said.

 

9:06 AM

Stock Market LIVE Updates: 'Finance Minister has not prioritised consumption over capital expenditure (capex)'

Stock Market LIVE Updates: "I do not believe the Finance Minister has prioritised consumption over capital expenditure (capex). If we analyze the total capex—which includes central government spending, grants provided to state governments, and investments by central public sector enterprises—it is projected to reach Rs 20 lakh crore by FY2026. For an economy with a size nearing Rs 350 lakh crore, this level of capex is highly significant and supportive of growth.

Additionally, the market may have underestimated the significance of the Rs 1 lakh crore tax rebate announced in the budget. This is not a one-time benefit but a recurring relief, which will enhance disposable incomes and boost consumption over the long term. It represents a well-balanced approach combining both capex and consumption to drive economic momentum.

Regarding concerns around Foreign Portfolio Investments (FPI), we remain optimistic. While January witnessed heavy FPI outflows, we expect a strong recovery in February. This is partly due to the US market appearing overvalued and facing uncertainties from tariff-related policies. As a result, capital flows to emerging markets are likely to rise, and India stands to gain its fair share of these inflows.

As for the US tariffs, it remains uncertain how beneficial they will ultimately be to their economy. This is an evolving situation, and markets are likely to respond with periodic knee-jerk reactions as developments unfold."

Views By: Sunil Damania, Chief Investment Officer, MojoPMS

 

8:59 AM

Stock Market LIVE Updates: Neogen stock surges 9% in weak market on strong Q3; soars 28% in 5 days

Stock Market LIVE Updates: Shares of Neogen Chemicals surged 9 per cent to Rs 2,160 on the BSE in Monday’s intra-day trade after the company delivered a healthy performance in the December quarter (Q3FY25), with profit after tax (PAT) rising 844 per cent year-on-year (YoY) to Rs 10 crore.

 

The company said the robust PAT growth was achieved through a combination of solid operating performance and a favorable base effect resulting from one-time expenses recognised in Q3 of the prior year. READ MORE

 

8:50 AM

Stock Market LIVE Updates: Why One 97 Communications, parent of Paytm, shares gain 5% in weak market?

Stock Market LIVE Updates: One 97 Communications, parent company of Paytm, shares gained 5.2 per cent on Monday, logging an intraday high at Rs 782.8 per share on BSE. The northward rally in the stock came after the company arm Paytm Cloud Technologies' board approved an investment of $1 million (Rs 8.7 crore) in Seven Technology LLC. 

 

Around 12:06 PM, Paytm share price was up 4.41 per cent at Rs 776.4 per share on BSE. In comparison, the BSE Sensex was down 0.67 per cent at 76,988.21. The market capitalisation of the company stood at Rs 49,497.9 crore. The 52-week high of the stock was at Rs 1,063 per share and the 52-week low was at Rs 310 per share. READ MORE

 

8:39 AM

Stock Market LIVE Updates: Globus Spirits shares rise 5% in trade; here's what's boosting rally

Stock Market LIVE Updates: Globus Spirits shares advanced 4.6 per cent on Monday, logging an intraday high at Rs 973.6 per share on BSE. The buying in the stock came after the company increased its net sale value on brands in Rajasthan.

 

Around 12:49 PM, Globus Spirits share price was up 2.98 per cent at Rs 957.95 per share on BSE. In comparison, the BSE Sensex was down 0.69 per cent at 76,972.47. The market capitalisation of the company stood at Rs 2,767.36 crore. The 52-week high of the stock was at Rs 1,373.35 per share and the 52-week low was at Rs 656.1 per share. READ MORE