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US Markets
The S&P 500 registered its biggest daily percentage gain since Nov. 24 on Monday after a steep sell-off last week, and technology-related shares led the advance, while a move by retail traders into silver drove up mining shares.

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Indigo Paints listing on February 2

Indigo Paints, one of the fastest-growing paint companies in India, is expected to debut on the bourses on February 2 after finalising the issue price at Rs 1,490 per share - the higher price band of its public offer.

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Rupeedesk Shares - Market News & Alert

https://rupeedesk.blogspot.com/2021/02/stock-to-watch-today-rupeedesk-reports.html

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Talbros Engineering | The company reported profit at Rs 3.66 crore in Q3FY21 against Rs 1.32 crore in Q3FY20, revenue jumped to Rs 75.88 crore from Rs 54.3 crore YoY.

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Artson Engineering | The company has received modified Purchase Orders (POs) totalling to Rs 54.91 crore.

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Zensar Technologies | The company launched integrated Digital XDR as a service to counter new and emerging threats.

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Mangalore Refinery & Petrochemicals | The company reported loss at Rs 253 crore in Q3FY21 against loss of Rs 230 crore in Q3FY20, revenue fell to Rs 14,078 crore from Rs 16,450 crore YoY.

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Triveni Turbine | The company reported consolidated profit at Rs 27.54 crore in Q3FY21 against Rs 27.07 crore in Q3FY20, revenue fell to Rs 173.56 crore from Rs 203 crore YoY.

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Healthcare stocks | Healthcare stocks will be watched today after Finance Minister Nirmala Sitharaman announced a health infrastructure scheme with an outlay of over Rs 61,000 crore.

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Castrol India | The company reported higher profit at Rs 582.9 crore in Q3FY21 against Rs 187.7 crore in Q3FY20, revenue increased to Rs 2,997 crore from Rs 935.2 crore YoY.

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Banks in focus | Banking stocks will be on the radar today after the Finance Minister announced setting up of an Asset Reconstruction Company. She further introduced a plan to recapitalise public sector banks. The government has also announced the intention to privatise two state-run lenders.

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Stocks in the news | Coal India, Power Grid, Eicher Motors, Zensar Technologies, NMDC
PVR, Castrol India, VST Tillers & Tractors, Triveni Turbine, MEP Infrastructure Developers, Mangalore Refinery & Petrochemicals, Artson Engineering, Talbros Engineering, are also among the stocks in focus today.

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https://rupeedesk.blogspot.com/2021/02/maruti-short-term-delivery-target-7794.html

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https://rupeedesk.blogspot.com/2021/02/us-dollar-trend-update-rupeedesk.html

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US manufacturing sector slows

US manufacturing activity slowed slightly in January, while a measure of prices paid by factories for raw materials and other inputs jumped to its highest level in nearly 10 years, strengthening expectations inflation will perk up this year.

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https://rupeedesk.blogspot.com/2021/02/morning-market-mint-rupeedesk-reports.html

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Finolex Industries Q3 | Net profit at Rs 255.9 crore against Rs 93.3 crore (YoY). Revenue was up 52.5 percent at Rs 1,066.9 crore against Rs 699.4 crore (YoY). EBITDA at Rs 346.7 crore against Rs 139 crore (YoY). EBITDA margin at 32.5 percent against 19.9 percent (YoY).

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Power Grid Corporation | The company has been declared as the successful bidder for Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan.

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NMDC | The company announced production of 3.86 million tonnes in January 2021 against 3.31 million tonnes in January 2020, sales at 3.74 million tonnes against 2.96 million tonnes in same periods.

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Eicher Motors | The company sold 68,887 units of Royal Enfield in January 2021 against 63,520 units in January 2020.

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MEP Infrastructure Developers | Pandurang B Dandawate resigned as Chief Executive Officer of the company.

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VST Tillers & Tractors | The company sold 2,258 units of power tillers in January 2021 against 1,971 units in January 2020, tractor sales increased to 647 from 516 units in same periods.

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Coal India | Coal production in January 2021 was at 60.5 million tonnes against 63.1 million tonnes in January 2020, offtake fell to 53.3 million tonnes from 55.9 million tonnes in same periods.

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Auto stocks | Auto stocks will be in focus after Finance Minister Nirmala Sithraman stated that under the voluntary vehicle scrapping policy, personal vehicles would undergo a fitness test after 20 years, whereas commercial vehicles would need to take it after completing 15 years. The FM also announced a capital investment of Rs 5.54 lakh crore in developing infrastructure around the country, which is expected to boost the demand for heavy and medium commercial vehicles.

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Results today | HDFC, Ajanta Pharma, Balrampur Chini Mills, Carborundum Universal, Dhampur Sugar Mills, Dixon Technologies, Escorts, IIFL Wealth Management, Intellect Design Arena, Neuland Laboratories, NOCIL, PI Industries, Tata Consumer Products, Vinati Organics and Wonderla Holidays are among 69 companies to announce their quarterly earnings.

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https://rupeedesk.blogspot.com/2021/02/indusindbk-stock-analysis-long-term.html

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https://rupeedesk.blogspot.com/2021/02/market-highlights-rupeedesk-report.html

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