Sensex and Nifty, key equity indices, saw a sharp 2% rebound on Monday due to heavy buying in Reliance Industries and positive Asian market trends. Reliance Industries contributed the most to the rally while major gainers also included Tata Motors, Power Grid, and others. However, some firms like ITC and Infosys were laggards. International markets showed mixed trends.

📌Shriram Finance | CMP Rs 2,399.6 | gained 4.01% 📌IRB Infra Developers | CMP Rs 60.8 | surged 19.92% 📌Tips Industries | CMP Rs 431.95 | jumped 5% 📌SBI Cards | CMP Rs 716.25 | fell 5.74% 📌Maharashtra Seamless | CMP Rs 1,050 | up 5.62% 📌Macrotech Developers | CMP Rs 1,037 | fell nearly 1.8% 📌Mahindra Logistics | CMP 437.05 | up 1.5% 📌Cipla | CMP Rs 1,341.55 | down 2.05%

Tata Steel is undergoing restructuring in the UK, expected to be completed in 9 months. The Netherlands operations will recover sooner as they have faced financial struggles due to multiple reasons, but with blast furnace relining complete, production levels are expected to improve. The company's acquisition of Corus in 2006 proved to be a burden but restructuring efforts aim to make profts.

Epack Durable, India's second-largest original design manufacturer of room air conditioners and components, made its market debut on January 30 with analysts predicting a listing premium of 2-10 percent over the issue price of Rs. 230. The IPO was subscribed 16.37 times, with high net-worth individuals buying 28.1 times the allotted quota and retail investors picking up 6.29 times.

The Indian Finance Ministry released a report called "The Indian Economy: A Review" just days before Parliament presents the 2024-25 Union Budget. The report, authored by officials from the Chief Economic Adviser's office, replaces the usual Economic Survey and discusses key areas such as investments, housing, women participation in the labor force, macroeconomic resilience, and external strength.

Marico Ltd on January 29 reported consolidated net profit of Rs 386 crore for the October-December quarter, a growth of 16 percent from Rs 333 crore in the year-ago quarter. Total revenue of the company is Rs 2,422 crore, falling 2 percent from Rs 2,470 crore in the year-ago quarter, the company said in a regulatory filing. Earnings before interest, tax, depreciation and amortization

The CEOs of top Indian IT companies - TCS, Infosys, Wipro, HCLTech, and Cognizant - expressed cautious optimism about demand and keen interest in gen AI at the World Economic Forum. They also discussed the challenges faced during adoption of AI and the need for efficiency and cost reduction. Clients seem optimistic about the transformative power of gen AI.

Larsen & Toubro's Q3 results are expected to be strong, with a robust order book and reduced debt. The company's stock has gained 74.83% in the last year and 179% in the last five years. Analysts predict a 30% increase in net profit and a 20% growth in revenue. Improved margins and significant orders, including a contract to build a new medical institute, contribute to the positive outlook.

SIP, or Systematic Investment Plan, is a way to make your dream of a foreign trip more financially attainable. By investing just Rs 10,000 a month in mutual funds, you can arrange the necessary funds for your trip. This allows you to experience different cultures, visit historic places, and try new cuisines without worrying about the high cost of travel.

Indian equity indices started the (Budget) week with a strong performance, erasing previous session losses. Nifty and Sensex rose nearly 2 percent each on January 29, boosted by positive Asian markets. Key factors included buying across sectors and heavyweights. Top gainers on the Nifty were ONGC, Reliance Industries, and Adani Enterprises, while losers included Cipla and Infosys.

Higher demand, lower supply, and import delays have caused natural rubber prices to increase significantly in India and globally. This may impact the automobile and other rubber user sectors if the situation continues. The Red Sea crisis has affected imports and there is a shortage of containers for tyre exports. Tyre demand is healthy, but uncertainty in supply could disrupt operations.

Swiss cement maker Holcim plans to spin off its North American operations into a separate company, valued at $30 billion, in a New York stock exchange flotation. The move will allow Holcim to focus on building solutions and roofing products in Europe, Latin America, Africa and Asia. Current CEO Jan Jenisch will remain as chairman and lead the listing, while Miljan Gutovic will take over as CEO.

GAIL (India) reported a significant increase in consolidated net profit of Rs 3,193.34 crore in the third quarter of FY2023-24, compared to Rs 397.59 crore in the same period last year. Net profit increased by 31% from the previous quarter, with revenues slightly lower at Rs 34,767.84 crore. The rise in profit is attributed to lower LNG prices and resumption of supply from Germany'.

Reliance Industries' stock surged nearly 7%, lifting its market capitalization by Rs 1.2 lakh crore, to a record high of Rs 19.6 lakh crore. This marked the biggest one-day gain in three years as investors bet on potential listing of Reliance Jio and Reliance Retail. Analysts believe that the company's market value will double by FY27 and forecast a strong performance in the coming years.

The RBI has announced a Rs 25,000 crore variable rate repo auction on January 30 to address the current liquidity deficit of around Rs 2.59 lakh crore in the banking system. This follows several previous auctions and responses from banks have been high but the central bank has only accepted bids close to the announced amount. On January 29, a two-day VRR auction was conducted.