Positive Buzz

• Vedanta: The mining major reported a robust 60.1% YoY jump in net profit to ₹5,710 crore for the December quarter, supported by a 37% increase in revenue.
• Dabur India: The FMCG firm posted a steady 7.3% YoY growth in net profit at ₹553.6 crore, with operating margins improving to 20.6%.
• Economic Survey 2026: The survey projected India's GDP growth at 6.8-7.2% for FY27, reinforcing the "strong footing" of the domestic economy despite global geopolitical challenges.
• Auto Sector: Sentiment is expected to be positive following reports that India may slash tariffs on high-end EU cars to 30%, potentially benefiting luxury segment players.

Neutral Developments

• Q3 Earnings Heavyweights: A massive line-up of over 150 companies will declare results today, including State Bank of India (SBI), NTPC, Bajaj Auto, Nestle India, and Bank of Baroda.
• Dividend Record Dates: Godrej Consumer Products and Computer Age Management Services (CAMS) have set today, January 30, as the record date for their respective interim dividends.
• Ola Electric: The e-voting period for the company's postal ballot begins today, allowing shareholders to cast electronic votes on proposed resolutions through February 28.
• Market Outlook: GIFT Nifty indicates a cautious start with a negative bias, as the Nifty 50 is expected to consolidate within the 25,000–25,550 range.

Negative News

• ITC Limited: The company’s net profit declined 6.1% YoY to ₹5,088 crore, missing street estimates. The bottom line was impacted by a ₹274 crore provision related to new labour codes.
• Swiggy: The newly listed food delivery giant reported a wider net loss of ₹1,065 crore for the December quarter, compared to a loss of ₹800 crore in the same period last year.
• Larsen & Toubro (L&T): The engineering giant posted a 4.2% dip in consolidated profit to ₹3,215 crore, dragged down by a one-time employee benefit provision of ₹1,191 crore.
• Currency Concerns: The Indian Rupee hit an all-time low of 92 against the US Dollar in early trade, pressured by steady dollar demand and rising Brent crude prices above $70 per barrel.
• Sumitomo Chemical India: The stock may see selling pressure after missing analyst estimates for both revenue (by 13%) and statutory EPS (by 24%).

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex