
Trader Pulse By Vishal
February 6, 2025 at 10:05 AM
📊 Markets Waver as Investors Await *RBI* Policy Verdict!
Indian markets treaded cautiously, with investors on edge ahead of the Reserve Bank of India's policy decision.
With whispers of a possible rate cut, all eyes are on the central bank’s next move - coming tomorrow!
*Major Indices Performance:*
* *NIFTY 50:* 📉 Decreased by 0.39%, closing at 23,603.35.
* *SENSEX:*📉 Declined by 0.27%, ending at 78,058.16.
* *BANK NIFTY:* 📈 Rose 0.08%, closing at 50,382.10.
* *NIFTY MIDCAP 150:* 📉 Declined by ~1% closing at 19,793.75.
* *NIFTY SMALLCAP 250:*📉 Declined 0.04%, closing at 16,098.65.
*Major Sectoral Performance:*
* *NIFTY Pharma:* 📈 Up by 0.64%, closing at 22009.
* *NIFTY IT :* 📈 Rose by 0.31%, closing at 43,021.
* *Nifty Realty:* 📉 Down by 2.19 %, closing at 917.
*Major news headlines of the day:*
* *State Bank of India (SBI)* reported an 84% year-over-year increase in net profit for the October-December quarter, reaching ₹16,891 crore. The bank's asset quality also improved, with a reduction in non-performing assets.
* *KPI Green Energy's* shares hit the upper circuit after reporting a 68.3% year-over-year increase in net profit for the third quarter. Revenue also rose by 38.8% during this period.
* *Azad Engineering* has signed a long-term agreement with Rolls-Royce to manufacture and supply critical components for civil aircraft engines.
* *IndiGo* has been fined ₹115.87 crore by GST authorities for alleged tax violations.
* *VRL Logistics'* shares surged 20% to ₹559.50 after reporting a more than fourfold increase in net profit to ₹59.4 crore for Q3 FY25. Revenue grew 12% year-over-year to ₹825 crore, driven by improved realizations, increased vehicle utilization, and freight hikes across all sectors and geographies.
* *Ola Electric* shares in focus as the company has entered the motorcycle market with the launch of five variants.