Markets trade higher in early trade driven by surge in L&T, rally in U.S. equities
The Hindu
Sensex and Nifty surge ahead of Union Budget, led by Larsen & Toubro gains and positive global cues.
Benchmark indices Sensex and Nifty rallied in early trade on Friday (January 31, 2025) helped by buying in Larsen & Toubro post its earnings announcement and a firm trend in the U.S. markets.
The 30-share BSE benchmark Sensex rallied 188.11 points to 76,947.92 in early trade, a day before the Union Budget. The NSE Nifty climbed 68.6 points to 23,318.10.
Also Read | Parliament Budget Session Day 1 LIVE: Innovation, Inclusion and Investment have been the foundation of our economic roadmap, says PM Modi
From the 30-share blue-chip pack, Larsen & Toubro climbed over 3% after the infrastructure and engineering major reported a 14% rise in consolidated profit after tax to ₹3,359 crore for the December quarter on the back of higher revenue from operations.
Titan, Maruti, Adani Ports, Nestle and Power Grid were the other major gainers.
ITC Hotels, Bharti Airtel, Bajaj Finserv and Bajaj Finance were among the laggards.
“The Budget - expectations and actuals - will influence the market today and tomorrow. Since we are going into the Budget without a pre-Budget rally, the probability of a rally, post Budget, will be high if the Budget delivers on growth stimulating initiatives like cuts in personal income tax.
The Thane police have arrested two co-founders of cryptocurrency exchange platform CoinDCX in connection with an alleged fraud of Rs 71.6 lakh, officials said
Meta Chief Executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported
Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
L&T confirms 95% of its West Asia project sites are safe, while addressing logistics challenges amid ongoing regional conflicts.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
HDFC Bank terminates three senior officials over client onboarding issues at its DIFC branch amid ethical concerns following chairman's resignation.
Air India CEO warns of potential flight cuts and reduced travel demand due to rising fuel costs amid ongoing Gulf conflict.
Options are widely used by retail traders to speculate on the value of the stock for immediate gains and such behaviour in large scale can distort the market
India achieves 1 billion tonne coal production for the second consecutive year, ensuring stable energy supply and economic growth.
Generic drugmakers in India launch affordable Semaglutide versions, targeting a $1 billion diabetes and weight loss market.