Nifty Bank experienced a steep rally of 622 points on Friday, but ended the week with a loss of 0.73%. Axis Bank, ICICI Bank, SBI and Bank of Baroda saw gains while PNB faced some profit-taking. Experts predict that as long as the support of 45,000 holds, the bullish momentum will continue with a resistance at 46,000. The index may continue towards 46,200 in the upcoming week.

In January 2024, Infosys stock was upgraded while LTIMindtree was downgraded by analysts following their Q3 earnings reports. Infosys saw upgrades due to expectations of growth acceleration and recovery in spending, while LTIMindtree was downgraded due to weak results and cautious outlook. Infosys' margin improvement program and deal wins are seen as positive for its future performance.

NK Singh, Chairman of the 15th Finance Commission, defends Finance Minister Sitharaman's allocation of funds, responding to southern states' allegations of unfair treatment. He also addresses concerns about India's fiscal commitments and the potential for a K-shaped recovery. Singh discusses the ongoing issue with credit rating agencies and the use of census data in determining fund allocations.

Mahalaxmi Rubtech, a rubber product manufacturing company, reported its standalone quarterly results for Dec 2023. Net sales increased by 5.19% to Rs. 49.27 crore, but net profit decreased by 10.45% to Rs. 1.59 crore and EBITDA decreased by 10.64% to Rs. 4.87 crore. EPS also decreased from Rs. 1.67 to Rs. 1.50.

NRB Industrial Bearings reported a standalone net sales of Rs 17.98 crore in December 2023, down 19.41% from the previous year. They also faced a quarterly net loss of Rs 6.33 crore, a decrease of 231.3%. EBITDA was negative at Rs 1.23 crore, a decrease of 143.16%. Their stock has shown positive returns of 69.72% in the past 6 months and 105.

Sanrhea Technical Textile's standalone quarterly results for December 2023 showed a significant increase in net sales, net profit, and EPS compared to the same period in 2022. The EBITDA also saw a growth of over 50%. The company's shares closed at 117.45 on February 8, 2024 on BSE and have given impressive returns over the last 6 and 12 months.

Shah Alloys reported a decrease in net sales and an increase in net loss for the December 2023 quarter compared to the same period in 2022. Their EBITDA also decreased significantly. The company's shares closed at 75.00 on the stock exchange, giving a return of 28.64% over the last 6 months and 31.46% over the last 12 months. The consolidated quarterly results show a decrease in total income.

India is an ideal market for equity capital deals, with a stable political climate, favorable macroeconomics, and a diverse range of growing sectors. Citi's top dealmaker, Udhay Furtado, predicts that India will surpass other Asian economies to become the busiest market for IPOs in 2024. Sectors like consumer, technology, healthcare, and industrials are expected to see the most activity.

Reported Standalone quarterly numbers for Mold-Tek Packaging are: Net Sales at Rs 165.46 crore in December 2023 up 6.86% from Rs. 154.83 crore in December 2022. Quarterly Net Profit at Rs. 14.20 crore in December 2023 down 12.97% from Rs. 16.31 crore in December 2022. EBITDA stands at Rs. 30.36 crore in December 2023 up 5.27% from Rs. 28.84 crore in December 2022.

SMIFS LIMITED's standalone quarterly results for December 2023 showed a sharp increase in net sales, net profit, and EBITDA compared to the same quarter of 2022. The company's EPS also saw significant growth, leading to a rise in share prices by 43.30% over the past six months and 44.17% over the past year. There were no exceptional items or extraordinary profits recorded.

Reported Consolidated quarterly numbers for HIGHWAYS are: Net Sales at Rs 231.30 crore in December 2023 up 39.92% from Rs. 165.31 crore in December 2022. Quarterly Net Profit at Rs. 28.98 crore in December 2023 down 41.37% from Rs. 49.43 crore in December 2022. EBITDA stands at Rs. 158.55 crore in December 2023 up 23.39% from Rs. 128.49 crore in December 2022.

BLACK BOX reported its consolidated quarterly numbers for December 2023, with net sales at Rs. 1,655.47 crore, a decrease of 0.97% from the same quarter in 2022. However, the company's net profit saw a significant increase of 424.65% to Rs. 40.87 crore. EBITDA also improved by 61.55% at Rs. 125.22 crore.

The Bombay Dyeing Co. reported its consolidated quarterly results for December 2023, with a decrease in net sales by 43.37% and negative EBITDA at Rs. 7.01 crore. However, the company saw a significant increase in net profit at Rs. 3,053.97 crore due to exceptional items. The EPS has also increased from Rs. 4.88 to Rs. 147.87. The stock price closed at Rs. 185.

Reported Consolidated quarterly numbers for Sharda Motor Industries are: Net Sales at Rs 689.12 crore in December 2023 up 0.45% from Rs. 686.00 crore in December 2022. Quarterly Net Profit at Rs. 75.97 crore in December 2023 up 63.85% from Rs. 46.37 crore in December 2022. EBITDA stands at Rs. 116.07 crore in December 2023 up 53.92% from Rs. 75.41 crore in December 2022.

For the quarter ended December 2023, JK Lakshmi Cement reported a net sales of Rs. 1,702.84 crore, an increase of 9.03% from the previous quarter of December 2022. The company also showed significant growth in quarterly net profit, EBITDA and EPS. JK Lakshmi Cement shares closed at Rs. 917.30 on February 08, 2024, showing a return of 40.11%.