CASTROLIND

Q3 results: Net profit drops 10% YoY to ₹245 crore; ₹5.25 dividend announced — Details here

he Indian stock market recorded one of its biggest rallies in the recent past during Tuesday’s trading session on February 03, as the much-awaited trade deal between the US and India was finally sealed, significantly lowering tariffs on Indian goods. The development boosted investor sentiment, triggering a broad-based buying spree across segments, with export-oriented sectors emerging as the biggest beneficiaries. Optimism also spilled over into capital market stocks, which had seen a sharp knockdown following the unexpected announcements in the Union Budget 2024. The Nifty 50 surged 639 points, or 2.55%, to 25,727, marking one of its best intraday performances in recent history, while the S&P Sensex jumped 2,259 points, or 2.54%, to settle at 83,739. Broader markets closed with even sharper gains, with the Nifty Midcap 100 and Nifty Smallcap 100 each rallying nearly 3%.