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PRE-MARKET REPORT
The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Monday following weak global market cues.
Gift Nifty was trading around 23,569 levels, a discount of nearly 46 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.
The US stock market ended lower on Friday after President Donald Trump’s reciprocal tariff threat on many countries, weak jobs, and consumer sentiment data.
The Dow Jones Industrial Average declined 444.23 points, or 0.99%, to 44,303.40, while the S&P 500 dropped 57.58 points, or 0.95%, to 6,025.99. The Nasdaq Composite closed 268.59 points, or 1.36%, lower at 19,523.40.
Asian markets traded lower on Monday, tracking a fall in US stock futures, ahead of key economic data and the likelihood of more tariffs. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.3%.
Japan’s benchmark Nikkei 225 declined 0.41%, while the Topix index fell 0.41%. South Korea’s Kospi dropped 0.58% and the Kosdaq dipped 0.5%. Hong Kong’s Hang Seng index futures indicated a slightly higher opening.
STOCKS TODAY
NHPC: State-owned NHPC Ltd reported a 52.5 percent year-on-year (YoY) decline in net profit to ₹231 crore for Q3 FY25, compared to ₹486.7 crore in the same quarter last year. Revenue from operations, however, rose 11.3 percent to ₹2,286.8 crore from ₹2,055.5 crore in the year-ago period. NHPC declared an interim dividend of 14 percent ( ₹1.40 per equity share) on a face value of ₹10 per share for FY25, with February 13, 2025, set as the record date.
Oil India: State-owned Oil India Ltd posted a 22.88 percent YoY decline in net profit to ₹1,221.80 crore for Q3 FY25 from ₹1,584.28 crore in Q3 FY24. Revenue dropped 9.89 percent to ₹5,239.6 crore from ₹5,815.02 crore a year earlier. However, for the nine months ended December 31, 2024, the company recorded a 4.10 percent rise in crude oil production to 2.614 million tonnes (MT), compared to 2.511 MT in the same period last year.
L&T Finance: L&T Finance has acquired the gold loan business of Paul Merchants Finance Pvt Ltd (PMFL) for ₹537 crore, marking its foray into the gold loan sector. The transaction, structured as a slump sale, includes a lump-sum consideration of ₹537 crore, with further adjustments before closure. Subject to regulatory approvals, the deal is expected to be completed by Q2 FY26.
Sun TV: Sun TV Network Ltd reported a 20 percent YoY decline in net profit to ₹363 crore for Q3 FY25 from ₹453.9 crore a year earlier. Revenue from operations dropped 10.4 percent to ₹827.6 crore from ₹923.2 crore in Q3 FY24. Advertisement revenue fell to ₹332.17 crore from ₹355.43 crore in the corresponding quarter last year. Profit before tax stood at ₹454.61 crore, down from ₹591.31 crore YoY.
Fortis Healthcare: Fortis Healthcare Ltd reported an 89.5 percent jump in net profit to ₹254.3 crore for Q3 FY25, compared to ₹134.2 crore in the same quarter last year. The company’s PAT included an exceptional gain of ₹23.5 crore from the divestment of the Richmond Road facility, along with ₹30 lakh from the reversal of accrued interest allowance in Q3 FY25 and ₹7.7 crore in Q3 FY24 from the reversal of impairment in an associate company. Revenue from operations rose 14.8 percent to ₹1,928.3 crore from ₹1,679.7 crore in Q3 FY24.
Cipla: Cipla Ltd’s Virgonagar manufacturing facility in Bengaluru has received a Voluntary Action Indicated (VAI) status from the USFDA. This indicates that while the agency found objectionable conditions, no regulatory or administrative actions are currently recommended. The VAI status is considered a lower risk than an Official Action Indicated (OAI) status, which would necessitate corrective measures.