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Realty shares tumbled after rallying for four consecutive trading sessions.
At 11:25 IST, the barometer index, the S&P BSE Sensex declined 427.92 points or 0.51% to 83,805.72. The Nifty 50 index fell 121.55 points or 0.47% to 25,832.30.
The broader market underperformed the frontline indices. The BSE 150 MidCap Index dropped 0.71% and the BSE 250 SmallCap Index slipped 0.89%.
The market breadth was negative. On the BSE, 1,557 shares rose and 2,290 shares fell. A total of 234 shares were unchanged.
Direct Tax Collection :
The central government’s net direct tax collections, after accounting for refunds, stood at Rs 19.43 lakh crore so far this fiscal year, up 9.4% from a year earlier. Net corporate tax collection rose 14.51% to Rs 8.90 lakh crore, while taxes from non-corporates, including individuals and Hindu Undivided Families (HUFs), rose 5.91 % to about Rs 10.03 lakh crore.
Buzzing Index:
The Nifty Realty index dropped 1.10% to 28,986.55. The index jumped 4.28% in the past four consecutive trading sessions.
Anant Raj (down 2.26%), Brigade Enterprises (down 1.78%), DLF (down 1.59%), Sobha (down 1.58%) and Godrej Properties (down 1.38%), Prestige Estates Projects (down 1.23%), Oberoi Realty (down 0.83%), Lodha Developers (down 0.78%), SignatureGlobal India (down 0.14%) declined.
Stocks in Spotlight:
Apex Frozen Foods zoomed 15.96% after the company reported a net profit of Rs 10.09 crore in Q3 FY26 as against a net loss of Rs 0.22 crore in Q3 FY25. Net sales for the period under review added up to Rs 264.29 crore, up 14.5% YoY.
Zydus Lifesciences rose 1.61% after the company announced a settlement agreement with Astellas Pharma Inc. in relation to Myrbetriq (generic name: Mirabegron) in the United States.
Mazda zoomed 9.32% after the company’s standalone net profit jumped 17.52% to Rs 8.72 crore in Q3 FY26, compared with Rs 7.42 crore in Q3 FY25. Revenue from operations rose 1.30% to Rs 47.39 crore during the quarter, compared with Rs 46.78 crore in the same quarter last year.
Global markets:
Most Asian market advanced on Thursday, buoyed by Japan’s post-election rally to fresh highs, fueled by renewed confidence in domestic politics and the ruling administration’s economic agenda.
Japanese stocks extending its post-election rally to fresh highs, fueled by renewed confidence in domestic politics and the ruling administration’s economic agenda.
Media reports noted that Takaichi’s snap-election landslide gives her an unusually strong, multi-year mandate to execute policy, which they view as broadly supportive for Japan’s markets and corporate sector.
Overnight in the U.S., the Dow Jones Industrial Average snapped a three-day win streak after a better-than-expected January jobs report.
The blue-chip index lost 66.74 points, or 0.13%, and closed at 50,121.40. The S&P 500 was nearly flat at 6,941.47. The Nasdaq Composite dropped 0.16% to end at 23,066.47.
The Bureau of Labor Statistics’ January nonfarm payrolls report showed job growth of 130,000 in January. Media reports suggested that the job growth gains for January were estimated to be around 55,000. Jobs growth in December was downwardly revised to 48,000.
Strong labor market has reduced the odds for interest rate cuts by the Federal Reserve.
The jobs report follows weaker-than-expected consumer data released on Tuesday. That report showed that consumer spending in December was flat, missing the 0.4% monthly gain expected from economists polled by Dow Jones.
Revenue from operations rose 1.30% to Rs 47.39 crore during the quarter, compared with Rs 46.78 crore in the same quarter last year.
Profit from operations before tax stood at Rs 11.29 crore in Q3 FY26, up 16.39%, compared with Rs 9.70 crore recorded in the same quarter last year.
The company's revenue from engineering division rose 2.52% YoY to Rs 40.14 crore in Q3 FY26, while revenue from food division decreased 4.98% YoY to Rs 7.24 crore.
Mazda is engaged in the business of manufacturing Engineering goods like Vacuum Products, Evaporators, Pollution Control Equipments and Manufacturing of Food Products like Food colour, Various Fruit Jams & Fruit mix Powders etc.
Oil & gas shares jumped after declining in the four consecutive trading sessions.
At 14:25 IST, the barometer index, the S&P BSE Sensex advanced 654.29 points or 0.77% to 85,327.39. The Nifty 50 index jumped 220.65 points or 0.85% to 26,161.60.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.97% and the S&P BSE Small-Cap index rose 1.05%.
The market breadth was strong. On the BSE, 2,759 shares rose and 1,376 shares fell. A total of 175 shares were unchanged.
The Nifty Oil & Gas index jumped 2.58% to 12,222.15. The index fell 1.13% in the past four trading sessions.
Hindustan Petroleum Corporation (up 5.92%), Gujarat Gas (up 5.74%), Gujarat State Petronet (up 4.33%), Bharat Petroleum Corporation (up 4.13%), Oil India (up 3.35%), Indian Oil Corporation (up 3.19%), Mahanagar Gas (up 2.33%), Reliance Industries (up 2.28%), Oil & Natural Gas Corpn (up 1.85%) and Aegis Logistics (up 1.8%) advanced.
Numbers to Track:
The yield on India's 10-year benchmark federal paper shed 0.06% to 6.572 as compared with the previous close of 6.576.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 89.8650 compared with its close of 89.7500 during the previous trading session.
MCX Gold futures for 5 February 2026 settlement fell 0.98% to Rs 135,331.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.15% to 98.39.
The United States 10-year bond yield shed 0.44% to 4.111.
In the commodities market, Brent crude for February 2025 settlement declined 22 cents or 0.36% to $61.11 a barrel.
Sumit Woods surged 11.96% after the company said its subsidiary, Sumit Hills, has signed a development agreement for the redevelopment of Nav Vidya Laxmi CHSL at Mahim, Mumbai, as part of a composite project with Brothers CHSL.
Mazda surged 4.45% after it has secured a Rs 28.75 crore order from a domestic waste management company for the manufacture and supply of Multi Effect Evaporator (MEE) systems & Agitated Thin Film Dryers (ATFD).
Solar Industries India advanced 1.78% after the company announced that it has secured an additional order worth Rs 1,746 crore from Coal India, for and on behalf of its subsidiaries, for the supply of bulk explosives.
The contract is slated for completion within eight months from the date of approval of technical drawings and documents. The deal does not involve any related-party transaction, and neither the promoters nor promoter group companies hold any interest in the awarding entity.
The order highlights Mazda’s expanding presence in the waste management equipment segment and its ability to deliver critical industrial systems on schedule.
Mazda is engaged in the business of manufacturing engineering goods like vacuum products, evaporators, pollution control equipment and manufacturing of food products like food colour, various fruit jams & fruit mix powders, etc.
The company reported a standalone net profit of Rs 7.58 crore in Q2 FY26, down 15.6% from Rs 8.98 crore in Q2 FY25. However, revenue from operations fell 10.5% year-on-year (YoY) to Rs 50.84 crore in Q2 FY26.
The counter rose 0.47% to Rs 235.75 on the BSE.