Abbott India's Q3 earnings report showed a 26% increase in net profit and a nearly 9% increase in revenue despite government pricing limits on key drugs. The company's shares saw a 9% jump and high trading volume due to the strong performance. EBITDA margin also improved from last year. Popular products include antacid Digene and Thyronorm tablets for hypothyroidism treatment.

Adani Ports reported a 64% increase in net profit in Q3, beating analyst expectations and pushing the stock to a fresh 52-week high. Strong power sales and capacity utilization drove this growth. Analysts have a positive outlook on the company, citing robust cargo volumes, expansion plans, and potential for market share gains. The acquisition of Krishnapatnam Port has also raised its cargo volume.

Asian shares were boosted by strong earnings from tech giants Meta and Amazon, while investors are awaiting U.S. jobs data that could impact expectations for rate cuts. European markets are also expected to see gains. Concerns about regional U.S. banks continue, with the possibility of a March rate cut now at 40%. This has led to an increase in demand for safe-haven assets.

This week's action suggests that the Indian benchmark indices remain stuck in a range. They have ended negative in two out of four trading sessions. On Thursday, which was also the day when Finance Minister Nirmala Sitharaman gave her last Union Budget of the Modi 2.0 government, Nifty ended with a slight downtick of 28.25 points or 0.13% at 21,697.45.

Who is a partner in a firm Individuals who are partners in a firm and have capital invested in the firm as per the terms of partnership are required to file ITR-3. Additionally, anyone holding a ten percent or more interest in a company at any time during the relevant financial year should also choose Form ITR-3 to file their income tax returns.

As the fiscal year comes to an end, many people focus on optimizing their tax strategies. Health insurance not only provides protection for one's well-being but also offers tax savings through deductions on premiums under Section 80D of the Income Tax Act. However, yearly renewals can be a hassle with potential increases in premiums and paperwork.

The government's ambitious fiscal deficit target of 5.1% for FY25 has been praised by brokerages, with Nomura calling it "fiscal prudence pro max." The market reacted positively to the fiscal consolidation path, with the Sensex and Nifty trading higher. However, brokerages warn that the interim budget may impact rural plays and two-wheeler stocks, as populist measures were absent.

Finance Minister Nirmala Sitharaman has struck a balance between fiscal consolidation and boosting economic growth in the interim Budget. Investors have welcomed the budget and various stock ideas have emerged, including Tourism Finance Corporation, Pradhan Mantri Awas Yojana, rail stocks, solar stocks, microfinance stocks, agriculture and food processing, auto stocks, and power, oil and gas.

High frequency trading firms were active in L&T, Indus Towers, and India Cements making some fast money by flipping trades in seconds on February 1. All the stocks closed lower. High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds. These firms typically try to capture the spread between the spot.

On February 1, the Nifty 50 saw volatility on the budget day, reaching resistance at 21,850 before ending with moderate gains. It negated a bearish formation and may fill a downside gap created on January 17 if it surpasses 21,850. It held key moving averages and experts expect a range-bound movement between 21,840 and 21,420. They suggest deploying an Iron Butterfly strategy with a probability.

Byju's, an Indian education technology startup valued at $22 billion in 2022, has filed for Chapter 11 bankruptcy in the US court of Delaware. Its US unit, Byju's Alpha, listed liabilities between $1 billion and $10 billion and assets between $500 million and $1 billion. The company is facing bankruptcy proceedings from lenders and has reportedly seen a decrease in valuation.

In the Interim Budget 2024, the government has proposed to increase the capex outlay for the next year by 11.1 percent to Rs 11,11,111 crore, focusing on essential infrastructure and economic growth. This could boost infrastructure development, with a significant portion directed towards roads, railways, and defence, potentially benefiting industries like steel and cement.

In January 2024, 23 companies opened up for retail investors to subscribe to their IPOs. The total amount raised was Rs 3,500 crore, with the Mainboard segment raising 5.6 times more than SME IPOs. Five companies in the Mainboard segment raised Rs 2,950 crore, with Medi Assist Healthcare and Jyoti CNC Automation leading the pack. In the SME segment, 18 companies collectively raised Rs 522.54 cr.

Four stocks, Indus Towers, India Cements, Steel Authority of India and Zee Entertainment, have been placed on the F&O ban list due to exceeding the market-wide position limit. The ban can be reversed if open interest for these stocks falls below 80 percent. National Aluminium Company and Hindustan Copper may also enter the ban list soon. Technicals show both stocks have been surging.

India's strong economic growth and potential for further development have been driven by past reforms and current efforts to promote digital infrastructure, female labor force participation, and innovation. As it aims to become a developed nation by 2047, the country must continue to manage its public finances and support entrepreneurship.