Market direction today will be determined by RBI's monetary policy, FII activity, and global cues. Several companies, including SBI, LIC, Airtel, and Biocon, will release their Q3 results, potentially causing significant stock movement.
Stock Market Update: The Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) outcome, Foreign Institutional Investor (FII) activity, and global market signals will determine the direction of the domestic stock market today.
RBI's Repo Rate Decision
The Reserve Bank of India may cut the benchmark repo rate by 25 basis points to 6.25 percent today.
Previous Day's Market Performance
On Thursday, the Sensex closed down 213.12 points or 0.27% at 78,058.16, while the Nifty fell 92.95 points or 0.39% to close at 23,603.35.
Companies Announcing Q3 Results Today
Several companies will announce their December quarter results today, including:
- Life Insurance Corporation of India (LIC)
- Mahindra & Mahindra (M&M)
- Mazagon Dock Shipbuilders
- Oil India
- NHPC
- Alkem Laboratories
- Fortis Healthcare
- Ola Electric Mobility
- Gujarat State Petronet
- Akzo Nobel India
- Balrampur Chini Mills
- Cholamandalam Financial Holdings
- Delhivery
Key Companies' Quarterly Results
Hero MotoCorp
- Q3FY25 profit increased by 1.3% to ₹1,107.5 crore.
- Revenue increased by 4.8% to ₹10,259.8 crore.
- Quarterly revenue decreased by 2.1%, but net profit increased by 4.1%.
SBI
- Standalone net profit in Q3FY25 increased by 84.3% to ₹16,891.44 crore.
- Profit decreased by 7.8% compared to the previous quarter.
- Share price declined after Q3 results; at 2:15 PM, SBI's share was trading down 1.76% at ₹752.6.
ITC Q3 Results
- Net profit decreased by 7.27% to ₹5,013.16 crore.
- The company's profit was ₹5,406.52 crore in the same quarter last year.
Vakrangee
- Announced a strategic partnership with Tata AIG for general insurance products.
Bharti Airtel
- Q3FY25 profit increased fivefold to ₹16,134.6 crore.
- Operating revenue stood at ₹45,129.3 crore, compared to ₹37,899.5 crore in the same quarter last year.
Max India
- Approved investment of up to ₹219 crore in wholly-owned subsidiaries.
Biocon
- Positive results from a Phase-2 study conducted with Equillium Inc. for patients with moderate to severe ulcerative colitis.
BSE
- Q3FY25 profit doubled to ₹220 crore.
- Quarterly revenue increased by 94% to ₹835.4 crore.
Indus Towers
- Agreed to acquire 16,100 telecom towers from Bharti Airtel and Bharti Hexacom.
- Estimated total cost will be ₹3,310 crore.
