stock market today: The Indian stock market is likely to open in green on Wednesday, February 11, following strong global cues.
Asian markets opened on a higher note on Wednesday, meanwhile, US stock market closed in negative territory.
“Indian equity markets are expected to open on a flat to mildly positive note today. The broader fundamental backdrop remains supportive, with FII flows turning decisively positive this month, lending strength to overall sentiment. Domestic institutional investors continue to accumulate on declines, providing a strong underlying cushion even during low-activity sessions. The rupee remains stable, adding macro comfort and limiting currency-driven volatility. However, markets are largely in a wait-and-watch mode ahead of key macro cues, particularly the January CPI (new series) data, where any material deviation could influence expectations around future rate cuts, the near-term trend is likely to remain range-bound, with consolidation around current levels,” said Ponmudi R, CEO of Enrich Money.
On Tuesday, the Indian benchmark indices, Sensex and Nifty 50, extended their rally for a third straight session, supported by positive global cues. The Sensex ended at 84,273.92, up 208 points or 0.25%, while the Nifty 50 advanced 68 points, or 0.26%, to close at 25,935.15.
Stocks to watch
M&M, LG Electronics India, Lenskart Solutions, Ashok Leyland, AstraZeneca Pharma India, Max Financial Services, Patanjali Foods
Shares of M&M, LG Electronics India, Lenskart Solutions, Ashok Leyland, AstraZeneca Pharma India, Max Financial Services, Patanjali Foods will remain in focus as companies will declare their Q3 results today.
Titan
The Tata Group company reported a 48.5% year-on-year jump in net profit to ₹1,470 crore for the quarter, up from ₹990 crore in the corresponding period last year.
Grasim Industries
On Tuesday (February 10), the company posted a net profit of ₹1,037 crore for the third quarter, marking a 26.5% increase from ₹820 crore reported in the same quarter last year.
BHEL
The central government is preparing to divest a 3% stake in state-run engineering major Bharat Heavy Electricals Ltd (BHEL), with the option to offload an additional 2% via an offer for sale (OFS).
Jubilant FoodWorks
The company reported a 13.3% year-on-year increase in consolidated revenue to ₹2,437 crore, while its EBITDA grew 20.2% to ₹Rs 482.8 crore.
Eicher Motors
The company reported a strong performance in the December quarter, with consolidated revenue increasing 23% year-on-year to ₹Rs 6,114 crore.
Britannia Industries
The FMCG major posted a net profit of ₹682.1 crore for the December quarter, marking a 17% year-on-year increase from ₹582.3 crore and largely meeting Street estimates.
Tata Motors CV
The company’s Indonesian arm has won its biggest-ever contract, securing an order for 70,000 Yodha and Ultra T.7 vehicles to be deployed across Indonesia.
Shoppers Stop
The Board has appointed Pankaj Chaturvedi as the company’s Chief Financial Officer (CFO) and Key Managerial Personnel, effective April 1, after Karunakaran Mohanasundaram stepped down from the role, with his resignation taking effect on February 17.
Highway Infrastructure
The company has signed a contract for the operation and toll collection at the Mundka Fee Plaza, with the agreement valued at ₹64.68 crores.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
