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Indian benchmark indices Sensex and Nifty 50 are likely to a positive start on February 17, tracking cues from GIFT Nifty trading around 22,977.50
The GIFT Nifty indicates a positive start for the day. Nifty futures were trading at 22,977.50 this morning.
Wall Street stocks ended mixed on Friday, with Nvidia climbing and Microsoft dipping. In contrast, Treasury yields declined a day after U.S. President Donald Trump unveiled reciprocal tariff plans but stopped short of imposing new ones.
The S&P 500 edged down 0.01% to end the session at 6,114.63 points. The Nasdaq gained 0.41% to 20,026.77 points, while the Dow Jones Industrial Average declined 0.37% to 44,546.08 points.
Asia share markets were becalmed by a Wall Street holiday on Monday while the dollar nursed losses suffered after a weak U.S. retail sales report rekindled wagers for two rate cuts this year.
STOCKS TODAY
Vodafone Idea, Bharti Airtel: The Supreme Court has dismissed review petitions filed by Vodafone Idea and Bharti Airtel, seeking corrections in the Adjusted Gross Revenue (AGR) dues calculation. This verdict upholds the court’s 2021 decision, leaving the telecom firms with no further legal recourse and making government intervention their only potential relief. A three-judge bench comprising Chief Justice of India Sanjiv Khanna, Justice Abhay S. Oka, and Justice Sanjay Kumar ruled that no case for review of the July 23, 2021, order was made out, thereby rejecting the pleas. The court also stated that any pending applications shall stand disposed of.
BHEL: State-run engineering giant BHEL announced a major contract win, securing an order worth ₹6,700 crore from Singareni Collieries Company (SCCL) to establish an 800 MW thermal power unit in Telangana. The contract, awarded on an Engineering, Procurement, and Construction (EPC) basis, includes design, engineering, manufacturing, supply, erection, commissioning, and civil works for the project.
RVNL: State-owned Rail Vikas Nigam Ltd (RVNL) reported a 13.1 percent YoY decline in net profit at ₹311.6 crore for Q3 FY25, compared to ₹358.6 crore in the same quarter of the previous fiscal. Revenue fell 2.6 percent to ₹4,567.4 crore against ₹4,689.3 crore a year ago. At the operating level, EBITDA dropped 3.9 percent YoY to ₹239.4 crore from ₹249 crore in Q3 FY24.
Glenmark Pharma: Glenmark Pharma reported a net profit of ₹347.9 crore in Q3 FY25, marking a recovery from a net loss of ₹351.3 crore in the previous year. Revenue from operations surged 35.1 percent to ₹3,387.6 crore, up from ₹2,506.7 crore in the corresponding period of the preceding fiscal. EBITDA saw a strong turnaround, reaching ₹600.3 crore in Q3 FY25 from a loss of ₹208.7 crore in the year-ago quarter.
Aditya Birla Fashion: Aditya Birla Fashion reported a net loss of ₹51.3 crore in Q3 FY25, narrowing from a loss of ₹77.9 crore in the same period last year, as revenue and profitability improved. Revenue from operations increased 3.3 percent YoY to ₹4,304.7 crore from ₹4,166.7 crore in Q3 FY24, driven by steady demand across its portfolio of brands.