Business News Live: Vedanta shares fall 8% after Q3 results
Business Today Desk | Updated Jan 30, 2026 12:01 PM IST
Domestic equity benchmarks Sensex and Nifty slipped on Friday, snapping a three-session winning streak. Investors now await the Union Budget 2026, scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1, 2026.
Business News Live: Check out all the latest updates on BusinessToday.inDomestic equity benchmarks Sensex and Nifty slipped on Friday, snapping a three-session winning streak. Investors now await the Union Budget 2026, scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1, 2026.
On January 29, a mix of conglomerates will report their Q3 earnings. NTPC, SAIL, and Bank of Baroda are scheduled would announce results today. The auto sector remains in focus with Bajaj Auto earnings, while Ambuja Cements will also report results. Other key announcements include Jindal Steel & Power and Gland Pharma.
Vedanta shares fall 8% after Q3 results
Shares of Vedanta Ltd tumbled more than 8% in Friday’s session after the metals and mining major announced its December-quarter results. The company posted a strong set of numbers, with consolidated net profit surging 60% year-on-year to Rs 7,807 crore in Q3, compared with Rs 4,876 crore in the same period last fiscal.
Vodafone Idea shares jump 10% ahead of Budget 2026
Shares of Vodafone Idea Ltd climbed 10% in Friday’s trade ahead of the Union Budget scheduled for February 1. The rally came despite the absence of any fresh corporate announcement or regulatory filing from the company. Investors appear to be factoring in potential policy support for the telecom sector from the upcoming budget, which has lifted sentiment across select telecom stocks. Read full story here
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South Indian Bank shares slip 19%
Shares of South Indian Bank Ltd plunged nearly 19 per cent on Friday to touch a low of Rs 36.01. The sharp decline came after the bank disclosed that its Managing Director and CEO, P R Seshadri, has decided not to seek a second term once his current tenure ends, spooking investors and triggering concerns over leadership transition.
