Sony remains optimistic about future plans in India despite the termination of its proposed merger with Zee. The company's President, COO, and CFO, Hiroki Totoki, stated that they are still committed to the Indian market. However, legal developments have emerged as Zee has filed a petition to enforce the merger scheme, while Sony initiated arbitration proceedings claiming a termination fee

Indian stock market to focus on defense stocks after DAC meeting where an order of ₹80,000 crore was disbursed. Experts expect strong CAPEX companies to attract bulls with potential value buying. BEL, HAL, and BDL expected to benefit the most from this outcome. BEL presents a compelling investment opportunity due to its diversification plans and alignment with government initiatives.

Last year, the Nifty50 index rallied for 5 consecutive months, yielding double-digit returns in all of these periods. However, the next 6 months may see a consolidation phase with modest returns. During this time, large-cap stocks are likely to perform better than midcap and smallcap stocks due to their more favourable valuations.

U.S. stocks fell on Friday as a hot producer prices report dampened hopes for rate cuts by the Fed. Despite strong corporate earnings, the Nasdaq posted its largest decline and all three indexes ended the week with losses. The inflation data could delay rate cuts, while treasury yields rose. Most megacap stocks dropped, with Meta Platforms down 2.2%.

Vibhor Steel Tubes IPO allotment status has been declared and can be checked online through the BSE website or KFin Tech. The grey market sentiment remains strong with a premium of ₹132 per share. Links to check allotment status have been provided. To check, applicants need to log in using their application number or PAN number and click on 'Search' on the BSE or 'SUBMIT' on KFin Tech's website.

Adani Realty, a real estate company under the Adani Group, has become the top bidder for the redevelopment of a 24-acre land in Mumbai offered by the Maharashtra State Road Development Corporation. They have offered a revenue share of 23.15%, surpassing competitor Larsen & Toubro. The final decision will be taken next week and the chosen developer will have to fulfill certain conditions.

Bandhan Bank, based in Kolkata, has acquired 12 offices in Mumbai's business district BKC for over Rs 135.64 crore. These commercial spaces will be used as the bank's corporate office and are four times bigger than their current space in BKC. This move is part of their growth strategy, and they have been expanding rapidly with new branches and customers added.

Bank of America Corp. warns that tech stocks, including Apple and Amazon, are showing similarities to previous market bubbles. With low bond yields and high valuations, the group could see more gains but may eventually pop. However, past rallies have reached even higher levels before crashing, and investors continue to pour money into tech funds.

The Nifty ended higher for the fourth consecutive session on February 16, helped by gains in auto, information technology and pharma stocks. The index started above the important 22,000 mark and maintained its gains throughout the session, ending at 22,041, up 130 points. On the daily charts, it formed a small bullish candlestick with a lower shadow.

Reported Standalone quarterly numbers for Diana Tea Company are: Net Sales at Rs 24.71 crore in December 2023 up 29.83% from Rs. 19.03 crore in December 2022. Quarterly Net Profit at Rs. 0.32 crore in December 2023 up 147.32% from Rs. 0.67 crore in December 2022. EBITDA stands at Rs. 1.49 crore in December 2023 up 210.42% from Rs. 0.48 crore in December 2022.

The RBI released an FAQ to address concerns surrounding Paytm Payments Bank after the recent MPC monetary policy announcement. The governor, Shaktikanta Das, stated that the FAQ will be issued next week in response to queries received from stakeholders. The deputy governor, Swaminathan J, clarified that action was taken against Paytm based on non-compliance.

Overseas investors are pouring more money into India’s sovereign bonds than stocks, drawn by their relatively lower valuations and upcoming inclusion into global debt indexes. Global funds have plowed a net $4.1 billion into the nation’s debt since Jan. 1, with government securities luring the bulk of the flows ahead of their addition to JPMorgan Chase & Co.’s emerging market index from June.

Reported Standalone quarterly numbers for Shri Vasuprada Plantations are: Net Sales at Rs 30.97 crore in December 2023 down 1.71% from Rs. 31.51 crore in December 2022. Quarterly Net Profit at Rs. 9.31 crore in December 2023 up 22.11% from Rs. 7.63 crore in December 2022. EBITDA stands at Rs. 1.09 crore in December 2023 up 1.87% from Rs. 1.07 crore in December 2022.

The Defence Acquisition Council (DAC), under the chairmanship of Defence Minister Rajnath Singh, on Friday gave approval for various capital acquisition proposals worth Rs 84,560 crore. DAC accorded approval for Acceptance of Necessity (AoN) with special emphasis on procurement of various equipment from ndian vendors to give further impetus to ‘Aatmanirbharta’ (self-reliance).

Reported Standalone quarterly numbers for Saraswati Commercial (India) are: Net Sales at Rs 40.08 crore in December 2023 up 226.99% from Rs. 12.26 crore in December 2022. Quarterly Net Profit at Rs. 33.32 crore in December 2023 up 296.74% from Rs. 8.40 crore in December 2022. EBITDA stands at Rs. 39.17 crore in December 2023 up 237.09% from Rs. 11.62 crore in December 2022.