High-frequency trading firms were actively involved in flipping trades on three Indian stocks - Navin Fluorine International Limited, Delta Corp Limited, and BLS E-Services Limited. Their involvement caused Navin Fluorine to hit a 52-week low and BLS E-Services to hit a 51-week high. These firms use advanced algorithms and technology to make quick profits.

On Wednesday, Wall Street's major indexes saw gains as investors reacted positively to strong U.S. earnings and monitored the Federal Reserve's comments for hints on interest rates. Some noteworthy companies that outperformed expectations include Chipotle, Ford, and Fortinet, while others, such as New York Community Bancorp and VF Corp, fell short.

The Nifty closed flat on February 7, after rallying in the previous session. The market opened strong but selling pressure in the second half erased all gains. Analysts warn of a correction if support at 21,850 is breached, with resistance at 22,000. The Nifty Bank closed up 0.28 percent, with potential for further retracement towards 46,300-46,500. Support is at 45,500-45,400.

Experts predict that the Reserve Bank of India (RBI) will maintain its tight liquidity stance in the upcoming monetary policy, with a focus on managing inflation and improving interest rate transmission. The central bank has indicated that liquidity conditions may ease but is expected to continue with fine-tuning operations. While government spending may ease liquidity in the near term, markets.

Some onshore funds that performed well in the Chinese stock market last year are now struggling due to recent losses. Funds that focused on small-cap or niche stocks have been hit particularly hard, as even popular investments such as AI names have short lifespans. The decline in Chinese equities has led to a record amount of investment flowing into overseas markets.

Tata Consumer Ltd reported a consolidated net profit of Rs 301.5 crore in the quarter ended December 2023, which is 17 percent lower as compared to Rs 364 crore clocked in the year-ago period. The net profit clocked by the company is also lower as compared to the preceding September 2023 quarter, when it stood at Rs 363.9 crore. Tata Consumer's Q3 FY24 net profit, at Rs 301.5 crore

Mumbai-based Cactus Venture Partners (CVP) has marked the final close of its debut fund at Rs 630 crore (approximately $77 million) to be deployed across climate tech, health tech and B2B SaaS startups over the next two years. The early growth stage venture investment firm is backed by international Limited Partners (LPs) and domestic financial institutions, including the likes of SIDBI.

The Reserve Bank of India (RBI) is widely expected to keep the repo rate steady at 6.5 percent for the sixth consecutive time during its February monetary policy committee (MPC) meeting on February 8, according to analyst consensus. Although markets have already factored in this expectation, experts suggest that any hints of a rate cut in near future from Governor Shaktikanta Das

The Indian equity benchmarks, the Sensex and the Nifty closed flat after a volatile session. The Nifty struggled to hold the 22,000 mark despite opening above it. The Sensex closed 34.09 points down at 72,152, while the Nifty closed 1.1 points higher at 21,930.50. About 1,954 shares advanced, 1,314 shares declined, while 63 stocks remained unchanged. One 97 Communications Ltd | CMP Rs 496 |

The Monetary Policy Committee (MPC) is prepping to announce the last monetary policy of FY24. Coming quickly on the heels of a fiscally prudent interim Budget, expectations from the upcoming monetary policy have arisen. A change of stance? Measures to provide durable liquidity injection? With a monetary policy pivot in sight (not just in India but globally as well in 2024).

PowerGrid Corporation of India, a leading power transmission company, reported a 10.5% increase in consolidated net profit to Rs 4,028.25 crore for the quarter ending December 31, 2023. Its revenue from operations also saw a marginal rise of 2.6% to Rs 11,549.79 crore. The company's EBITDA increased by 3.2%, with a margin of 89%. However, its shares closed 2.3

The Indian government is considering extending an export tax on parboiled rice in order to combat food inflation before national elections. This could potentially lead to higher rice prices and negatively affect countries that rely on India for their food supply. Despite already implementing several measures, food inflation remains high and the government has launched a program.

Sealmatic's shares soared 20% in a recent trading session after reporting a significant milestone of receiving approval from ADNOC, a major player in the global oil industry. This opens doors to new opportunities as ADNOC has a budget of $150 billion for oil and gas projects over the next five years. The company also saw impressive growth in revenue and profit in the past year.

Shares of Trent jumped over 14% to hit a 52-week high of Rs 3,468.70 on the NSE on Wednesday after the fashion retailer posted a 124% jump in consolidated net profit to Rs 374.36 crore for the quarter ended December 30, 2023. The company had a reported profit after tax (PAT) of Rs 167 crore in the year-ago period.The price action was accompanied by huge volumes with over 30.71 lakh shares.

Equity benchmarks the Sensex and the Nifty ended February 7 flat after a choppy session, with the Nifty failing to defend the 22,000 mark despite opening above it. The indices squandered early gains as investors' focus shifted to the Reserve Bank of India's monetary policy decision to be announced on February 8. The Sensex closed 34.09 points down at 72,152, while the Nifty close 1.1 points.