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Get the latest news and updates for markets in one place from wealthy broking
*News Headlines from Business News Agencies: *
*Business Standard*
📝 Increase in MSME financing right step to boost biogas industry, says IBA
📝 Rajnath Singh to inaugurate 'India Pavillion' at Aero India 2025 on Feb 10
📝 India's pharma exports set for 10x growth, targeting $350 billion by 2047
📝 Indian investors show interest in Saudi Arabia's $63 bn Diriyah project
📝 Maruti Suzuki to boost charging infra to position e VITARA as primary car
📝 M&M aims to boost tractor sales in US, Japan amid headwinds in markets
📝 Signature Global Q3 results: Net debt drops 29% to Rs 720 cr on high sales
📝 Failed privatisation bids, pacts: ONGC's Mumbai High finds hope in BP deal
📝 NaBFID to raise Rs 30,000 cr during Q4 for funding infra projects: MD
📝 Coal India's expenditure on CSR initiatives rises 37% in Apr-Jan: Official
📝 Canada aims to strengthen EU trade ties amid tariff threats from Trump
📝 Cube Highways InvIT buys two road assets at enterprise value of Rs 4,184 cr
*Economic Times*
📝 Saudi’s $63 billion ‘City of Earth’ giga project attracts Indian giants including Tata & Oberoi groups
📝 RBI monetary policy in sync with Budget to support economic growth
📝 Delhi election: 80% of total candidates, including 67 Congress leaders, lose deposits
📝 Nykaa Q3 Results Preview: PAT to more than double on strong BPC growth
📝 India's total trade to reach USD 1.8 trillion by 2033, growing at 6.4% CAGR: Report
📝 India's CDMO market set to double by 2028 amid Asia's healthcare boom
📝 Trump's AI ambition, China's DeepSeek overshadow AI summit in Paris
📝 FPIs' incessant selling continues; withdraw Rs 7,300 cr from equities in a week
📝 Bajaj Auto to ride into e-rickshaw segment by end of FY24
📝 MCX revises trading hours from March 10 due to US daylight saving time
📝 India aims USD 10 billion worth of technical textile exports: MoS Pabitra Margherita
*Mint*
📝 New Income Tax Bill to be concise with nearly 30 percent fewer sections: Report
📝 OYO net profit rises to ₹166 crore in Q3, EBITDA at ₹249 crore: Report
📝 Elon Musk alleges US govt payment systems have ‘potential $100bn fraud annually’
📝 HDFC Bank hikes MLCR rate for overnight tenure by 5 bps to 9.20%
📝 NCLT recalls insolvency order against Logix Infra, cites 'fraudulent and mala fide' intentions
📝 Sebi mulls changes in secretarial compliance report format, auditors' appointment norms for cos
📝 Brainbees Solutions Q3: FirstCry parent narrows net loss by 70% to ₹14.7 crore
📝 HCL Infosystems narrows losses to ₹5.25 cr in Q3
📝 Hindustan Copper Q3 results: Net profit falls marginally to ₹62.9 crore
📝 RBI, FinMin to work together; Tax relief, interest rate cut to boost demand: FM
📝 NASA is an obvious target for Elon Musk’s axe
📝 German firm BIKAR starts production at newly set up Belagavi facility
Delhi Win for BJP very positive for Indian markets…
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*Instl. Investors EQUITY Cash Trades PROV. - 07/02/2025 : Rs. CRS. :*
*FIIS : SELL -470 (12,482-12,952)*
*DIIS : BUY +454 (12,185-11,731)*
Macro Data Alert : Big day with RBI rate decision & US jobs data tonight.
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TRUMP NEWSFLOW FROM LAST NIGHT !
-> President Trump: "We will drive the price of oil down, everything will follow"
-> Trump reaffirmed "progress" made in stopping the Russia/Ukraine war
-> Japanese PM Ishiba will be meeting Trump in-person today
-> Panama President Mulino is expected to speak with Trump on a phone call
-> No details yet about Trump-Xi meeting
CUES FOR TODAY
- Positive close on US Market
- Decline in US Yields, Dollar Index and Crude overnight
- 6 Nifty Cos report results today
- Nifty Weekly Options expiry
- RBI Policy Outcome tomorrow
Gift Nifty suggests 40 Pt uptick at open
Wall St Overnight
Dow +0.7%
S&P 500 +0.4%
Nasdaq +0.2%
Nasdaq underperformed as Google parent Alphabet fell 9% post earnings
Post Close, Ford Motors fell 5% on weak outlook for 2025
US 10Y Yields down 9 bps, Dollar Index nears 107.5, Brent below $75 Dollar
One of the key changes in the new income tax bill is the *removal of exemptions*. While this might seem like a negative change, it's actually designed to simplify the tax system and reduce tax evasion. The government is encouraging taxpayers to switch to the new tax regime, which offers lower tax rates and a simpler tax system.
So, who will benefit the most from the new tax bill? *Salaried individuals* with incomes up to *Rs 12 lakh* will be the biggest beneficiaries, as they'll pay little to no income tax. *Middle-class taxpayers* will also benefit, as they'll have more money to spend and invest. And, *high-salary earners* will benefit from the reduced tax rates, although they might not see as much of a reduction in their tax liability.
Overall, the New Income Tax Bill is a welcome change, and it's going to make the tax system more taxpayer-friendly.
*Instl. Investors EQUITY Cash Trades PROV. - 05/02/2025 : Rs. CRS. :*
*FIIS : SELL -1,683 (14,112-15,795)*
*DIIS : BUY +996 (12,860-11,864)*
India's #markets and fundamentals are strong. Global investors may be selling because of developments in the #US and global uncertainty, says FM @nsitharaman @business_today #Budget2025 roundtable
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INTRADAY CALL UPDATE : CLOSE POSITIONS IN BANKIFTY CALL OPT 49800 27FEB AT 964
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IPO LISTING : DR AGARWAL'S CO LIST AT 406/- PER SHARE VS ISSUE PRICE AT 402/- PER SHARE
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POSITIONAL CALL BUY CASTROL INDIA AT 186,SL-169,TRGT-255 ( 1 MONTH )
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Securities in Ban For Trade Date 10-FEB-2025:
1 MANAPPURAM
Today's Headlines :
*Economic Times*
📝 Cabinet nod for new, improved income tax bill
📝 Govt to release monthly urban, rural unemployment data from April
📝 LIC Q3 Results: Cons PAT jumps 16% YoY to Rs 11,009 crore, net premium income down 9%
📝 Mazagon Dock Q3 Results: Cons PAT jumps 29% YoY to Rs 807 crore; revenue up 33%
📝 AT Capital owned Juniper Green Energy plans Rs 3,000 crore IPO
📝 Indian state-run firms line up $2 bln bond sales as central bank cuts interest rate
📝 India's forex reserves up $1.05 bn at $630.6 bn as of January 31
📝 Nuclear startup Clean Core raises $15.5 million for thorium fuel from Sumant Sinha, Deepak Parekh, others
📝 Cabinet grants post facto approval to South Coast Railway Zone
📝 ChrysCapital, others in talks to take Dhan to unicorn club with $100-150 million funding
📝 Startups raise $198 million this week, up 65% on-year
📝 Sequoia Capital’s evergreen fund grows to almost $20 billion
📝 AI startup Cognida raises $15 million in funding led by Nexus Venture Partners
*Business Standard*
📝 Naveen Jindal Group forays into nuclear energy with a new company
📝 SaaS unicorn Perfios acquires financial crime management company Clari5
📝 M&M Q3 results: Profit rises 20% to Rs 3,181 crore on strong auto volumes
📝 Adani donates Rs 10,000 crore from personal wealth for social projects
📝 Ola Electric Q3 results: Net loss widens to Rs 564 cr, revenue drops 19%
📝 Alkem Laboratories Q3 results: Net profit rises 5.2% to Rs 625 crore
📝 E-way bill generation hits a new high in January, shows GSTN data
📝 Life insurance new business premiums fall 8.15% to Rs 30,825 cr in Jan
📝 L&T Finance to make gold loan biz foray with Rs 537 crore PFML buy
📝 US job growth slows more than expected in Jan, unemployment rate at 4.0%
📝 The Monetary Policy Committee, headed by RBI Governor Sanjay Malhotra, slashed the repo rate by 25 basis points to 6.25 per cent
*Financial Express*
📝 Rs 1000 crore credit guarantee scheme for farmers to be rolled out in a month
📝 Delhivery reports 113% rise in profit, misses estimates
📝 JSW Group to invest Rs 1 lakh crore for Vidarbha unit
📝 PhonePe to shut account aggregator business
📝 Britannia to take on inflation with steep price hikes
📝 SEBI mulls extending automated trading window closure to relatives of designated persons
📝 Trump to impose retaliatory tariffs on several nations ahead of PM Modi’s US visit
*Mint*
📝 Donald Trump revokes Biden's security clearance, ending intelligence briefings
📝 Ajax Engineering raises over ₹379 crore from anchor investors ahead of IPO
📝 Chile's Codelco targets 2025 copper output jump to 1.39 million tons, document shows
📝 Firstsource Solutions Q3 Results: Net profit rises 24.5% to ₹160.3 crore
📝 Samsung India faces labor dispute as workers protest against suspensions
📝 Europe is looking to roll back climate accounting rules
📝 Govt scraps 3 deals to procure 400 defence drones with Chinese parts: Report.
#RBIPolicy | @RBI’s Monetary Policy Committee announces #RepoRate cut for the first time in 5 years. Repo Rate cut by 25 bps to 6.25%
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*News Headlines from Business News Agencies:*
*Business Standard*
📝 Monthly natural gas trades shoot up nearly 4x in January, says IGX
📝 ArcelorMittal Dec qtr results: Loss trims to $390 mn, production at 14 MT
📝 REC Q3 results: PAT grows 23% to Rs 4,076 cr, income at Rs 14,286.91 cr
📝 India ranks third globally for LEED green building certification in 2024
📝 Lotte Wellfood to invest $300 mn in India for capacity, supply chain growth
📝 India's push for self-reliance in palm oil gets a boost with NMEO-OP
📝 HCLTech partners with ChargePoint to drive EV charging technology
📝 Prism Johnson Dec qtr results: Net profit at Rs 48.12 cr, sales up 6%
📝 IHH Healthcare's unit seeks up to $1.25 bn from Daiichi over Fortis deal
📝 IndiGo to lease Boeing 787-9 from Norse Atlantic for long-haul expansion
📝 Tata Power, Bank of Baroda ink pact for financing rooftop solar projects
📝 Interarch bets big on South India; eyes 10% rise in revenue in FY26
*Economic Times*
📝 Trent bets on 'direct-to-customer' fast-fashion business model despite quick comm's meteoric rise
📝 India, UK join hands to shape green hydrogen standards
📝 Honeywell, one of the few remaining US industrial conglomerates, will split into three companies
📝 Trent to sell stake in Massimo Dutti India venture
📝 Swiggy management confident of EBITDA profitability by Q3 FY26
📝 BluePine Energy, Amazon sign PPA for 99 MW renewable energy project
📝 Steel sector leads with half of Jharkhand's Rs 26,000 cr investment proposals during Bengal biz meet
📝 Private sector banks set to generate Alpha in 2025: Radhika Gupta
📝 Vehicle registrations rise 6.6% in Jan, indicating sustained recovery in consumer demand: FADA
📝 China commerce ministry says US tariffs 'vile', 'unilateralist'
📝 More accommodative stance for NBFCs, banks needed in RBI monetary policy: HSBC
*Mint*
📝 SBI Q3 Results: Net profit jumps 84% YoY to ₹16,891 crore; NII up 4%
📝 Bharat Dynamic Q3 net profit rises 9% to ₹147 crore; declares dividend of ₹4
📝 Volvo Cars will not pay Northvolt for battery joint venture stake, it says
📝 EPFO settles record 5-cr claims worth over ₹2 lakh cr in FY25
📝 Rural growth surges in FMCG sector in Dec qtr, outpaces urban market for fourth consecutive quarter
📝 High court allows Kirloskar Proprietary to become plaintiff in trademark case
📝 PVR INOX Q3 net profit jumps nearly 3-fold to ₹35.9 cr, revenue up 11 pc at ₹1,717.3 cr
📝 Part shifting of customs duty to AIDC to have marginal impact on state transfers: CBIC Chairman
📝 India can be a global hub for wind turbines: Suzlon’s Girish Tanti
📝 Redington Ltd clocks Q3 profit after tax at ₹402.96 cr
📝 Mauritius-based FII trims India Cements shareholding
*Instl. Investors EQUITY Cash Trades PROV. - 06/02/2025 : Rs. CRS. :*
*FIIS : SELL -3,550 (13,470-17,020)*
*DIIS : BUY +2,722 (11,546-8,824)*
*News Headlines from Business News Agencies :*
*Business Standard :*
📝 IBBI proposes coordinated insolvency resolution for interconnected entities
📝 Govt expands quality compliance requirements for over 150 products
📝 Opening up high-band spectrum not enough for 5G, 6 GHz band needed: Telcos
📝 NaBFID extends Rs 2,000 crore loan to Blackstone-backed data centre
📝 Apex Kidney Care secures FDI worth $9 mn from Swiss Blue Earth Capital
📝 India's student housing market expected to expand as demand rises
📝 PM Gati Shakti, logistics policy to push India's World Bank ranking: Report
📝 Govt issues notice to Kia for $155 mn tax evasion, company denies charges
📝 Atlantia Electricals files IPO papers with Sebi, aims to raise Rs 400 cr
📝 Page Industries Q3 results: Net profit rises to Rs 205 cr, revenue up 7%
📝 NSE Clearing fails to meet liquidity norms; reports Rs 176.65 cr shortfall
📝 BlackRock to hire 1,200 employees in India to expand AI and support hubs
*Economic Times :*
📝 Info Edge’s Q3 net profit surges 2.5 times to Rs 288.4 crore
📝 India to review tariff surcharges on luxury cars, solar cells, may spur US imports
📝 Zydus Lifesciences Q3 Results: Net profit jumps 30% to Rs 1023 crore
📝 Uber to launch Waymo Robotaxis in Austin
📝 NetSuite opens data centres in Mumbai, Hyderabad; aims to tap Indian SMBs
📝 Consumer electronics manufacturers expand horizons, leverage govt incentives
📝 Happiest Minds Q3 profit dips 16%, revenue up 27%
📝 India, Oman FTA talks progressing; both sides to hold another round of negotiations: Official
📝 Quant Mutual Fund announces change in fund management of 27 schemes
📝 Euro zone business activity returns to growth in Jan, PMI shows
📝 JSW to invest Rs 16,000cr in power project in Bengal, eyes future expansion
*Mint :*
📝 Godrej Properties sells ₹28,800cr worth properties in 2024, highest among listed players
📝 Mukesh Ambani announces fresh investment of ₹50,000 crore in Bengal by 2030
📝 Nestle India’s not brewing enough growth as cost, demand woes pinch
📝 RBI starts deliberations on interest rate amid expectations of 25-bps cut
📝 Hind Rectifiers to set arm for AI, Web3 solutions, expand Nashik facility
📝 Chemicals maker BASF India Q3 profit falls on higher input costs
📝 Gold demand in India sees 5 pc rise at 802.8 tonnes in 2024, 2025 projection at 700-800 tonnes: WGC
📝 Byju’s insolvency: Suspended directors challenge NCLT ruling reinstating lenders
📝 Gold’s Appeal to Central Banks Seen Underpinning Demand in 2025
📝 Tech layoffs 2025: ADM and Salesforce announce job cuts
📝 Weddings spends rise 28% in the last two years to ₹32-35 lakh: report
TRUMP NEWSFLOW FROM LAST NIGHT !
-> After NY close, Treasury Secy Bessent said that Trump wants lower interest rates but is not directly calling for the Fed to lower rates. Added that "10y yield now coming down because markets recognize inflation will come down and that government spending will be lower"
-> White House Press Secy Leavitt clarified that President Trump has not officially ordered "boots on the ground" in Gaza
-> US allies expect Trump to unveil the Ukraine plan next week, according to Bloomberg headlines
-> Trump reportedly signed an executive order (EO) banning biological men from women sports.
*Instl. Investors EQUITY Cash Trades PROV. - 04/02/2025 : Rs. CRS. :*
*FIIS : BUY +809 (18,105-17,296)*
*DIIS : SELL -430 (15,003-15,433)*
INTRADAY CALL UPDATE : BOOK PROFITS IN MAZDOCAT 2215 RECO LONGS GIVEN AT 2198
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🚨#BREAKING: China has just imposed a 15% tariff on the United Staes for coal and liquefied natural gas (LNG) immediately after President Trump's latest tariffs took effect.
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INTRADAY BUY BANKIFTY CALL OPT 49800 27FEB AT 1065,SL-964,TRGT-1212
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Heavy Day for Quarterly Results : RESULTS CALENDER :
TODAY : TITAN, TATAPOWER, ASIANPAINT, GODREJPROP, TORNTPOWER, METROPOLIS, MFSL, AJMERA, APOLLO, AROGRANITE, AUTOAXLES, AZAD, BAJAJELEC, BASF, BBL, BIRLACORPN, CEIGALL, CLEDUCATE, DBOL, DCMNVL, DHANBANK, ERIS, ESSARSHPNG, EVERESTIND, FINEORG, FOODSIN, GANDHAR, GEECEE, HAPPSTMNDS, HIKAL, HINDOILEXP, INDIAGLYCO, INFIBEAM, INTERARCH, JBCHEPHARM, JGCHEM, JKIL, JKTYRE, JSWHL, KAJARIACER, KHAITANLTD, KIRLFER, KREBSBIO, LEMONTREE, LYKALABS, MAANALU, MAFATIND, MAGNAELQ, MAJESAUT, MANGCHEFER, MARALOVER, MEDANTA, METSL, MIDHANI, MOBIKWIK, MUTHOOTCAP, NIVABUPA, ONMOBILE, PAISALO, PARASPETRO, PCJEWELLER, QUICKHEAL, RTNINDIA, SAFARI, SBGLP, SCILAL, SHARDAMOTR, SHIVACEM, SKYIND, SMLT, SMRUTHIORG, SOUTHWEST, STERTOOLS, TFL, THERMAX, TI, TNPETRO, TRIVENI, VENUSREM, VMART, WHIRLPOOL, ZYDUSWELL, SRPL, CREATIVE