Stock Market LIVE: Sensex up 100 pts; Nifty eyes 25,800; Nifty IT slides 6%; Infy, TCS down 7%
INDIA MARKET | Wed, 4 Feb 2026, 3:12PM IST
Sensex Today | Stock Market LIVE Updates, Feb 4: The Nifty IT index dropped 6 per cent, clocking its biggest one-day fall since May 2022
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Budget 2026 simplifies tax rules for PF trusts: What changes for you
INDIA BUSINESS | Wed, 4 Feb 2026, 3:06PM IST
EPFO said the rationalisation will serve the interests of all stakeholders by ensuring convergence between the Income Tax Act and EPF laws.
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RITES gains after PAT rises to Rs 115 crore in Q3; board OKs interim dividend of Rs 1.9/share
INDIA MARKET | Wed, 4 Feb 2026, 3:06PM IST
RITES added 1.41% to Rs 226.95 after the company reported 5.2% rise in consolidated to Rs 115.10 crore on a 5.7% increase in revenue from operations to Rs 608.59 crore in Q3 FY26 as compared with Q3 FY25.
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Volumes spurt at Lloyds Metals & Energy Ltd counter
INDIA MARKET | Wed, 4 Feb 2026, 3:06PM IST
Lloyds Metals & Energy Ltd notched up volume of 46.51 lakh shares by 14:14 IST on NSE, a 12.11 fold spurt over two-week average daily volume of 3.84 lakh shares
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India to ensure record borrowing plan doesn't disrupt markets: Official
INDIA NEWS | Wed, 4 Feb 2026, 3:04PM IST
India's bond markets have been battered by hefty government borrowings, with investors expecting a record 30 trillion of federal and state government debt supply in the next fiscal
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Crude Oil Dynamics '26: Risk premiums, trade realignments, demand explained
INDIA MARKET | Wed, 4 Feb 2026, 3:03PM IST
Analysts at Mirae Asset Sharekhan expects WTI Crude oil futures to trade within a broader $59-$66 per barrel range in the coming weeks.
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9 stocks with rising EPS over four quarters. Do you own any?
INDIA MARKET | Wed, 4 Feb 2026, 3:02PM IST
Nine companies from the Nifty500 universe have posted consistent quarter-on-quarter growth in earnings per share up to the December 2025 quarter, indicating improving profitability and operational efficiency. Stocks such as IIFL Finance, Shriram Finance, Craftsman Automation and Solar Industries India stood out in the StockEdge profitability scan.
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INDIA MARKET | Wed, 4 Feb 2026, 3:00PM IST
Tata Motors PV Q3FY26 may show resilient India passenger vehicle demand but weak consolidated results as Jaguar Land Rover faces production disruption and margin stress after a cyber-attack, with most brokerages forecasting revenue decline and losses despite steady domestic volumes.
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Pidilite expects export rebound after tariff cut, eyes double-digit growth
INDIA BUSINESS | Wed, 4 Feb 2026, 2:57PM IST
Pidilite Industries anticipates a quick recovery in its US exports, which slowed in Q3 FY'26, following the India-US tariff revision, said its Managing Director Sudhanshu Vats on Wednesday.
The company expects to continue its 'double-digit underlying volume growth' in the fourth quarter, and in the coming fiscal year, FY'27, he said in a post result briefing.
Pidilite Industries on Tuesday declared its earnings for the December quarter, in which it reported a 12 per cent rise in consolidated net profit at Rs 623.84 crore on a year-to-year basis. Its revenue from operations stood at Rs 3,709.91 crore, up 10.12 per cent.
During the quarter, Pidilite's industrial products revenue under its Business to Business (B2B) was impacted by lower exports. Its EBIT also declined in Q3 by 77 bps due to slower exports.
When asked about the impact of the India-US deal, Vats said: "Our export component, fortunately for us, is small, but we do export to the US. That has slowed down quite a lot."
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Akasa Airs 33rd plane lands in Bengaluru with all-women pilot crew
INDIA BUSINESS | Wed, 4 Feb 2026, 2:57PM IST
Akasa Air expanded its fleet on Tuesday with the induction of its 33rd aircraft, a Boeing 737 MAX, flown into Bengaluru by an all-women pilot crew.
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INDIA MARKET | Wed, 4 Feb 2026, 2:56PM IST
Fractal Analytics is set to launch Indias first pure-play AI IPO next week, aiming to raise Rs 2,834 crore amid rising global investor interest in AI-driven businesses. The issue is drawing strong grey market interest with a 21% premium, supported by the companys global client base and improving financials, though valuation concerns remain.
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INDIA COMMODITIES | Wed, 4 Feb 2026, 2:55PM IST
Aluminium prices rose on the MCX, supported by gains in Asian markets and limited global supply after China capped output. Analysts say the metal has corrected from recent highs but remains in an upward trend, with strong support near Rs 305310 and potential upside toward Rs 335340 in the coming weeks.
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IndiGo to pause Copenhagen operations, trim flights on Manchester, London route
INDIA BUSINESS | Wed, 4 Feb 2026, 2:53PM IST
IndiGo is changing its long-haul flights. Services to Copenhagen will stop from February 17, 2026. Flights to Manchester and London Heathrow will also be reduced. These changes aim to improve punctuality and avoid passenger issues. IndiGo is contacting affected customers to offer alternatives. The airline is working to maintain reliable service amid operational challenges.
Continue reading at Economic Times
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Timex Group India Ltd leads losers in 'B' group
INDIA MARKET | Wed, 4 Feb 2026, 2:51PM IST
Naksh Precious Metals Ltd, Biofil Chemicals & Pharmaceuticals Ltd, R O Jewels Ltd and Dishman Carbogen Amcis Ltd are among the other losers in the BSE's 'B' group today, 04 February 2026.
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Nifty trades above 25,800 level; PSU Bank shares advance for 3rd day
INDIA MARKET | Wed, 4 Feb 2026, 2:50PM IST
At 14:28 IST, the barometer index, the S&P BSE Sensex, added 131.44 points or 0.15% to 83,869.86. The Nifty 50 index rose 80.75 points or 0.31% to 25,808.30.
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NFO Alert: DSP Mutual Fund launches DSP Multi Asset Omni Fund of Funds
INDIA MUTUAL FUNDS | Wed, 4 Feb 2026, 2:48PM IST
DSP Mutual Fund has announced the launch of the DSP Multi Asset Omni Fund of Funds, an open-ended fund of funds scheme aimed at simplifying investing for individuals who find it difficult to track markets, time asset allocation decisions, or manage multiple investments across cycles.
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Anthropic move is a trailer of AI-pocalypse
INDIA NEWS | Wed, 4 Feb 2026, 2:46PM IST
The recent launch of task-automating plugins for Anthropics Claude Cowork agent triggered what Jefferies, an investment bank and financial services company. dramatically termed a SaaSpocalypse, sending tremors through technology stocks in both India and the US. Indian IT majors such as Infosys, TCS, Wipro, and HCL Tech saw sharp sell-offs, mirrored by declines in US-listed consulting and software firms like Accenture and Cognizant. On the surface, the reaction appeared abrupt and disproportionate to a single product announcement. But the markets response reflected a growing realization that artificial intelligence (AI) is crossing a critical threshold, evolving from a helpful feature embedded in products and services into a direct competitor to the very businesses that once hoped to monetise it. The episode hints at a looming AI-pocalypse for the tech industry when AI might fundamentally upend large parts of the IT services and software economy.Also Read: Rs 2 lakh crore SaaSpocalypse for IT stocksWhat Anthropic actually changedAnthropic did not unveil a dramatically more intelligent model than what already exists. But what it did was more consequential. It has turned AI into an autonomous economic actor. By equipping Claude Cowork with plugins that allow it to interact with software tools, internal systems and workflows, Anthropic moved AI from the realm of advisory assistance into execution. This is the difference between an AI that suggests code and one that writes, tests, deploys and maintains it.This packaging matters because markets and enterprises respond less to abstract capability and more to deployable solutions. Once AI can be slotted directly into organisational workflows, it stops being a productivity enhancer and starts functioning as a substitute for labour, software and even vendors. What Anthropics latest move has done is to make this shift concrete and immediate, and that's why it triggered fear in the markets.Also Read: What is Anthropics newest AI tool and what are the consequences for global tech companies?From a differentiator feature to a foeFor the past few years, AI was widely viewed as a differentiator. Companies spoke of AI-enabled services, AI-powered platforms and AI-assisted productivity. In this context, AI was inside the product, enhancing it while leaving the underlying business model intact. The Anthropic announcement challenged this assumption. When AI systems can perform entire tasks end-to-end, they do not enhance products but compete with them.This is the shift that has rattled investors. AI is no longer just something that improves margins or speeds up delivery for IT businesses. Now, it is something that can replace the service being sold. Companies whose value proposition rests on human effort face a deep threat.Software-as-a-service (SaaS) businesses, IT services firms and consultancies have historically monetised complexity. They thrived by managing fragmented systems, custom requirements and labour-intensive processes. Autonomous AI agents threaten this complexity. If a single system can integrate tools, understand context and execute tasks continuously, the need for multiple layers of software and services diminishes. One of the wider implications of Anthropics disruptive move is that AI is beginning to function as an economic actor rather than a passive tool for IT companies. It can take instructions, decide how to accomplish them and act across systems with minimal oversight. This changes the nature of competition. Companies are no longer just competing with other firms but with software agents that do not sleep or take offs or resign but improve continuously.This shift also alters enterprise buying behaviour. Instead of purchasing multiple tools and hiring teams to stitch them together, organisations may increasingly ask whether an AI agent can simply do the job. This might shift spending away from traditional vendors toward platform providers that control the most capable models and ecosystems. The power dynamics of the tech industry begin to tilt toward a small number of AI platforms.What this means for Indian IT servicesFor Indian IT services companies, the implications are particularly stark. Their business models have long been built on large workforces, predictable billing rates and incremental efficiency gains. While these firms have embraced AI to varying extents, much of their revenue still depends on services that are inherently automatable such as application maintenance, testing, support, integration and routine development work."Saaspocalypse" triggered by Anthropics move brings up a fear that has already been simmering beneath the surface. If clients can deploy AI agents to perform significant portions of work internally or through platform providers, demand for traditional services could stagnate or decline. Pricing power might weaken and headcount-linked growth might become a liability. To remain relevant, Indian IT firms will need to move decisively up the value chain, focusing on high-trust advisory roles, complex transformation projects and domain-specific expertise that AI cannot easily replicate. The transition will be neither smooth nor uniform, and markets are beginning to price in that uncertainty.Anthropics disruptive announcement is not the end of the story but a trailer of real disruption to come. Many technical, regulatory and organisational barriers remain before AI agents can fully replace large parts of enterprise work. But trailers matter because they present a slice of yet unknown future.
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Pidilite expects export rebound after Indo-US tariff revision, double-digit volume growth in FY'27
INDIA BUSINESS | Wed, 4 Feb 2026, 2:45PM IST
Pidilite Industries anticipates a swift rebound in its US exports, which experienced a slowdown in Q3 FY'26 due to India-US tariff revisions. The company expects to maintain its double-digit underlying volume growth in Q4 and throughout FY'27, with positive implications for its B2B segment.
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Airtel Q3 Preview: Revenue may rise 18% YoY; ARPU seen inching up to Rs 258
INDIA MARKET | Wed, 4 Feb 2026, 2:42PM IST
Bharti Airtel is expected to deliver steady Q3 results, with brokerages forecasting up to 18% YoY revenue growth and a 35% jump in profit. ARPU expansion, strong home broadband momentum, and sustained gains in Airtel Africa are seen driving performance, while consolidated margins are likely to remain stable to slightly higher.
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Bajaj Finserv Q3FY26 results: Profit flat at 2,229 cr, total income up 24%
INDIA BUSINESS | Wed, 4 Feb 2026, 2:41PM IST
Bajaj Finserv attributed the decline in profit to steps taken during the quarter for a tighter provisioning framework, and implementation of new Labour codes
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Devyani International shares gain 11% post December quarter results
INDIA MARKET | Wed, 4 Feb 2026, 2:38PM IST
However, in the past one month, the stock had underperformed the market by falling 22 per cent till Tuesday, February 3, 2026 and touched a 52-week low of 109.80 on January 27, 2026.
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Top 4 smallcap mutual funds deliver over 25% return in 3 years. Do you own any?
INDIA MUTUAL FUNDS | Wed, 4 Feb 2026, 2:36PM IST
The top-performing smallcap mutual funds have delivered strong returns over the past three years, with four schemes generating over 25% gains. Bandhan Small Cap Fund led the pack, followed by ITI, Invesco India and Mahindra Manulife funds, while other schemes posted moderate double-digit returns.
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AI is the pin-popping SaaS inflated balloon: Zoho founder Sridhar Vembu on Anthropic shock
INDIA MARKET | Wed, 4 Feb 2026, 2:35PM IST
Zoho founder Sridhar Vembu has warned that AI is bursting the inflated SaaS bubble, as automation threatens core coding and professional tasks. He said the SaaS sector was already ripe for consolidation, citing a business model overly reliant on sales and marketing over product development. Years of venture capital and market hype, he added, have sustained an unsustainable system.
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NDR Auto Components consolidated net profit rises 13.44% in the December 2025 quarter
INDIA MARKET | Wed, 4 Feb 2026, 2:32PM IST
Sales rise 18.89% to Rs 208.29 crore
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TV Vision reports consolidated net loss of Rs 6.01 crore in the December 2025 quarter
INDIA MARKET | Wed, 4 Feb 2026, 2:32PM IST
Sales decline 95.06% to Rs 0.48 crore
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Bajaj Finserv consolidated net profit declines 0.08% in the December 2025 quarter
INDIA MARKET | Wed, 4 Feb 2026, 2:32PM IST
Sales rise 24.88% to Rs 39096.96 crore
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Jain Irrigation Systems reports consolidated net loss of Rs 41.86 crore in the December 2025 quarter
INDIA MARKET | Wed, 4 Feb 2026, 2:32PM IST
Sales rise 17.40% to Rs 1597.58 crore
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Cera Sanitaryware standalone net profit declines 48.39% in the December 2025 quarter
INDIA MARKET | Wed, 4 Feb 2026, 2:32PM IST
Sales rise 11.06% to Rs 498.97 crore
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INDIA BUSINESS | Wed, 4 Feb 2026, 2:31PM IST
Airbus has opened a new Centre of Excellence at Gati Shakti Vishwavidyalaya in Vadodara. This center will boost aerospace research and innovation in India. A key focus is developing Sustainable Aviation Fuel from waste. The collaboration aims to train skilled professionals and advance future aviation technologies.
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BHEL secures 1,200-1,500 crore project from Hindalco Industries
INDIA BUSINESS | Wed, 4 Feb 2026, 2:27PM IST
State-owned BHEL on Wednesday said it has secured an order in the range of Rs 1,200-1,500 crore from Hindalco Industries.
BHEL said a letter of intent (LOI) in this regard has been received from Aditya Aluminium, Hindalco Industries.
The scope of work includes design, engineering, manufacture, supply up to site, unloading & storage, erection, commissioning and performance guarantee test for 2 x 150 megawatt BTG (boiler, turbine, and generator) package excluding civil work.
The project is to be executed at Lapanga, Sambalpur in Odisha in a span of about 3 years, BHEL said in a regulatory filing.
Under Ministry of Heavy Industries, BHEL is one of India's largest engineering and manufacturing enterprises in the energy and infrastructure sectors, and a leading power equipment manufacturer globally.
The company provides a comprehensive portfolio of products, systems and services to players in power, transmission, transportation, renewables, water, defence & aerospace, oil & ...
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Lenders ask RBI to relax liquidity rules amid growing loan demand
INDIA BUSINESS | Wed, 4 Feb 2026, 2:26PM IST
Lenders are seeking permission to free up some of the cash they have to park with the Reserve Bank of India for short-term financial stress requirements
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Getting a bank locker? Here's everything to know before signing in
INDIA BUSINESS | Wed, 4 Feb 2026, 2:16PM IST
Bank locker safety is not absolute. Here's how costs, RBI rules and liability caps work before you store jewellery and key documents inside
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BHEL bags over Rs 1,000 cr project from Hindalco Industries
INDIA BUSINESS | Wed, 4 Feb 2026, 2:14PM IST
State-owned BHEL has secured a significant order worth Rs 1,200-1,500 crore from Hindalco Industries for a 2 x 150 MW BTG package. The project, to be executed at Lapanga, Odisha, involves comprehensive design, engineering, manufacturing, and commissioning of the power equipment over approximately three years.
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BHEL bags Rs 1,000 cr Hindalco deal
INDIA NEWS | Wed, 4 Feb 2026, 2:14PM IST
State-owned BHEL on Wednesday said it has secured an order in the range of Rs 1,200-1,500 crore from Hindalco Industries. BHEL said a letter of intent (LOI) in this regard has been received from Aditya Aluminium, Hindalco Industries. The scope of work includes design, engineering, manufacture, supply up to site, unloading & storage, erection, commissioning and performance guarantee test for 2 x 150 megawatt BTG (boiler, turbine, and generator) package excluding civil work. The project is to be executed at Lapanga, Sambalpur in Odisha in a span of about 3 years, BHEL said in a regulatory filing. Under Ministry of Heavy Industries, BHEL is one of India's largest engineering and manufacturing enterprises in the energy and infrastructure sectors, and a leading power equipment manufacturer globally. The company provides a comprehensive portfolio of products, systems and services to players in power, transmission, transportation, renewables, water, defence & aerospace, oil & gas, among others.
Continue reading at Economic Times
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RBI MPC meet begins: Will RBI keep rates unchanged after US trade deal?
INDIA BUSINESS | Wed, 4 Feb 2026, 2:12PM IST
The RBI's Monetary Policy Committee has started its three-day meeting today; the central bank will announce its policy decision, including on interest rates, on February 6
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Gold climbs back near $5,100 as US-Iran tensions lift safe-haven demand
INDIA MARKET | Wed, 4 Feb 2026, 2:11PM IST
Goldman Sachs said on Wednesday that it saw significant upside risk to its $5,400 year-end forecast for gold on central banks maintaining their recent pace of accumulation
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Siyaram Recycling Ind rises after securing orders worth Rs 7 cr
INDIA MARKET | Wed, 4 Feb 2026, 2:06PM IST
Siyaram Recycling Industries rose 1.28% to Rs 51.57 after the company announced securing two orders aggregating Rs 6.51 crore from The Supreme Industries and Dharma Metalex.
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Budget 2026-27: Tourism can go from threat to tool for empowerment
INDIA BUSINESS | Wed, 4 Feb 2026, 2:05PM IST
In conversation with Anuja Malhotra, policy manager at the Centre for Policy Design, ATREE, Bengaluru, about how environment and tribal people are represented in the budget
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AG Ventures consolidated net profit declines 6.49% in the December 2025 quarter
INDIA MARKET | Wed, 4 Feb 2026, 2:05PM IST
Sales rise 5.03% to Rs 31.14 crore
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Oceanic Foods standalone net profit rises 37.70% in the December 2025 quarter
INDIA MARKET | Wed, 4 Feb 2026, 2:04PM IST
Sales rise 19.65% to Rs 41.17 crore
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JEE Main Answer Key 2026: Paper 1 Provisional Key Released At jeemain.nta.nic.in, Check Here
INDIA MARKET | Wed, 4 Feb 2026, 2:04PM IST
Picture used for representational purpose only
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India services sector PMI improves to 58.5 in January
INDIA MARKET | Wed, 4 Feb 2026, 2:04PM IST
The seasonally adjusted HSBC India Services PMI rose to 58.5 in January from 58.0 in December. The flash score was 59.3. A score above 50.0 indicates expansion.
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Sebi proposes easing 'fit and proper' norms for market intermediaries
INDIA MARKET | Wed, 4 Feb 2026, 2:00PM IST
Move aims to remove automatic disqualifications triggered by criminal complaints
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