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I) Nifty: opened at 23169 and touched a high of 23322, then a low of 23139, and closed at 23249 with a total of +86 points in Positive.
II) Bank Nifty: opened at 49206 and touched a high of 49426, then a low of 49031, and closed at 49311 with a total of +146 points Positive.
III) CNX Finance: opened at 23088 and touched a high of 23197, then a low of 23012, and closed at 23133, with a total of +88 points in Positive.
IV) Nifty Mid Select: open 11887 and touched a high of 11913, then a low of 11774 and closed at 11795, With a total of -76 points in Negative.
1. Hitachi Energy:- Hitachi Energy India’s shares surged 20% after reporting a 498% YoY jump in Q3 PAT to Rs 137.4 crore. Revenue increased 31% YoY, and operating EBITDA rose 108.5%. The company’s order book saw a massive 839% YoY growth, driven by high-voltage direct current orders. With a record order backlog of Rs 18,994.4 crore, the outlook remains strong.
2. Archean Chem:-Archean Chemical Industries Ltd saw volume of 53.73 lakh shares by 14:14 IST on NSE, a 41.5 fold spurt over two-week average daily volume of 1.29 lakh shares
1. Whirlpool:- Back in 2024, Whirlpool Corp. CEO Marc Bitzer had cited higher valuations of the Indian unit behind the company's decision to pare some stake. He had also said that they remain confident of the long-term business prospects in India.
2. Voltas:- Voltas' Q3 earnings marked a strong turnaround as the company returned to profitability. However, despite this improvement, the net profit fell short of the Street' expectations.
On Thursday, January 30, 2025, India's benchmark indices experienced notable movements driven by various corporate performances. The Nifty 50 climbed 0.56% to 23,290.85 points, while the BSE Sensex increased by 0.42% to 76,851.88 points. State-owned enterprises surged by approximately 2%, buoyed by market expectations of increased public investment in the forthcoming union budget. Bajaj Finance also contributed to the upward trend, rising 3.1% following robust loan growth and a significant quarterly profit.
Conversely, Whirlpool of India faced a substantial decline, with shares plummeting 20% to a ten-month low. This downturn occurred after its parent company, Whirlpool Corp, announced plans to reduce its stake in the Indian unit from 51% to about 20%, aiming to generate net cash proceeds of $550 million to $600 million.
Tata Motors also experienced a setback, with shares falling around 6% due to weak car sales contributing to a smaller quarterly profit.
In the broader market, small-cap and mid-cap stocks saw gains of 1.3% and 0.8%, respectively. However, foreign portfolio investors withdrew $8.6 billion from Indian shares in January, indicating cautious sentiment among international investors.
Other notable stock movements included Brigade Enterprises gaining 3% due to increased profit from strong luxury home demand.
