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Stock Market LIVE: SBI, Tata Steel hit record highs after Q3 results; Sensex, Nifty 50 sustain gains
Stock Market Today: Sensex and Nifty rose due to optimism over the India-US trade deal, while strong earnings pushed SBI, Tata Steel to a record high.
Stock Market Today Live Updates (9 February 2026): India's stock market rose in early trade today due to optimism over the India-US trade deal and its interim framework, while strong earnings pushed State of Bank of India to a record high. The 30-share S&P BSE Sensex rose as much as 0.87% to 84,314.68 points even as the wider NSE Nifty 50 gained 0.88% to 25,922.25. Fifteen out of the 16 major sectors rose. The broader small-caps and mid-caps gained 1.3% and 0.9%, respectively....Read More
India's export-linked sectors were in focus after India and the US moved closer to a trade pact by arriving at an interim framework that would lower tariffs, reshape energy ties and deepen economic cooperation.
“A big positive for the market is that foreign investors, who were sustained sellers in the market, have bought in the cash market in three out of the last four trading days (after the India-US trade deal),” V.K. Vijayakumar, chief investment strategist at Geojit Investments Ltd., said in an emailed statement.
Foreign portfolio investors bought Indian shares worth ₹8,980 crore on a net basis in the last four sessions, after the India-US trade deal was announced. In January, they sold about ₹35,962 crore on a net basis.
Stock Market LIVE: JK Tyre up 5% after Q3 results
Shares of JK Tyre & Industries Ltd. climbed over 5% in Monday's session after the company posted a strong December quarter, aided by a low base last year.
SBI shares surge 6% after Q3 results
Shares of State Bank of India rose to a record high on Monday after the country’s largest lender delivered on its third-quarter earnings and raised its full-year growth forecast.
SBI Q3 Results (Standalone, YoY)
• NII up 9% at ₹45,190 crore
• Net profit up 24.5% at ₹21,028 crore
• Operating profit up 39.5% at ₹32,862 crore
The asset quality also improved.
• Provisions down 16.5% QoQ at ₹4,507 crore
• Gross NPA at 1.57% versus 1.73% (QoQ)
• Net NPA at 0.39% versus 0.42% (QoQ)
The shares are on course for their best session since June 2024. They were the top gainers on Nifty 50 and Nifty Bank, which rose 0.5% and 0.9%, respectively.
Vodafone Idea in focus as KM Birla picks up more stake
Shares of Vodafone Idea Ltd. surged as much as 3.68% on Monday after promoter Kumar Mangalam Birla picked up more shares in his telecom joint venture over the past week.
According to stock exchange data, Birla bought 4.09 crore shares, equivalent to 0.03% stake, of Vodafone idea from the open market between 30 January and 1 February.
• 30 January: 2.21 crore shares at ₹10.95 per share
• 1 February: 1.88 crore share at ₹11.13 per share
As of December 2025, Birla personally held 0.02% stake in Vodafone Idea, or about 1.94 crore shares, while promoters collectively own 25.5% of the telecom company.
Stock Market LIVE: Morning views from Geojit Investments
According to VK Vijayakumar, chief investment strategist at Geojit Investments, there are certain tailwinds that can take the Sensex and Nifty 50 higher in the near-term.
“Clarity on the India-US trade deal indicates that the Indian businesses, particularly exporters, will benefit,” he said in an emailed statement. “More importantly, the uncertainty over the trade deal and its impact on the Indian economy, which was weighing on the market, has been removed.”
Stock Market LIVE: Opening Bell
At the opening bell, the 30-share S&P BSE Sensex surged 0.71%, or 597.11 points, to 84,177.51 points, even as the wider Nifty 50 surged 0.75% to 25,888.70 points.
Stock Market LIVE: Stocks to watch today
• State Bank of India reported a higher-than-expected profit for the third quarter, and also raised FY26 credit growth target, supported by healthy loan growth, US trade pact and budget announcements
• Tata Steel posts a bigger-than-expected third-quarter profit as higher sales volumes helped cushion the impact from weak steel prices.
• Power Finance Corporation's board has approved in-principle merger with REC, a move that will create a large power financier in Asia's third-largest economy.
