Balrampur Chini Mills share price increased by 1.67% after announcing its venture into Polylactic Acid manufacturing with an estimated investment of Rs 2,000 crore. The new facility is expected to be completed in 30 months and will have a global-scale capacity of 75,000 t/a. Stefan Barot has been appointed as the President for the new chemical business.

The year 2024 has had a strong start for investors, with the S&P 500 up 6% and reaching a record high of 5,000. The surge is largely due to excitement surrounding tech giants like Meta and Nvidia. Japan's Nikkei 225 index is also close to breaking its own record from 1989. This performance has sparked discussion about whether investors should heavily invest in stocks.

Whirlpool of India's stock price dropped nearly 5% after the company's promoter announced plans to sell a 24% stake through a block deal, worth $451 million. The sale aims to help the company reduce its debt and improve its balance sheet. As of 9:30 am on Tuesday, the stock was trading 2.73% lower at ₹1,294.90 on NSE after opening at ₹1,280.

The IDBI Capital report on Mutual Fund Holding showed the top 10 new additions for January with strong YTD performance, including Jyoti CNC Automation and EPACK Durable Ltd. MFs also sold off major positions in sectors like Media & Entertainment and FMCG, while being net buyers in January and FIIs were net sellers. Disclaimer: The views and investment tips expressed by experts.

Stock market today: On account of the participatory rally in majority segments, the Indian stock market ended higher for the fifth straight session. The Nifty 50 index hit a new high of 22,186 before ending at 22,122 level. The BSE Sensex shot up 281 points and closed at the 72,708 mark while the Bank Nifty index added 150 points and ended at 46,535 level.

Coal India's E-auction premiums dropped to around 48-50 percent in January and 38 percent in February, but volumes increased 17 percent. Management expects premiums of around 80 percent for FY2024 and has slightly lowered volume guidance. The company will bid for three blocks in critical minerals auctions in February. Brokerages have a neutral to buy call on the stock with target prices.

Mutual funds increased their holdings in public sector company stocks in January, reaching record highs of 7.58% of total assets under management. This was driven by increased investment in PSU stocks, with 769 schemes across 41 mutual funds compared to 692 schemes and 37 mutual funds a year ago. Despite some caution from broking firms, the positive sentiment for PSU stocks.

📈 Amid weak global cues, domestic benchmark indices started gap-down on Feb 24 📢 At 9:16 AM, the Sensex tanked 131.09 points or 0.18% at 72,577.07, and the Nifty plunged 41.90 points or 0.19% at 22,080.35. 📊 Coal India (⬇️1.93%), and Nifty Auto (⬇️0.56%) appeared as the top losers on the Nifty 50 at the Open. Whirlpool, NBCC, Deepak Fertilisers in focus today.

💰Zee is in talks with Sony to revive their $10 billion merger, major differences still need to be resolved. 💰Paytm parent willing to let go of banking unit through acquisition, trying to convince regulators to ease restrictions. 💰Tata Group looking for Taiwanese partner for semiconductor plant in Gujarat. 💰 Stock market rally likely to continue as Nifty companies' earning.

📌ONGC subsidiary Imperial Energy is incorporated in Cyprus and has a structure of step-down subsidiaries based in Cyprus and Russia 📌Whirlpool is likely to sell up to a 24 % equity stake in Whirlpool through block deals 📌Piramal Enterprise will be in meeting on Feb 22 to consider the issue of non-convertible debentures up to Rs 100 cr. 📌Balrampur Chini Mills announced forward integration.

The dollar remained stable on Monday following a fifth consecutive week of gains, boosted by positive inflation data. However, trading volumes were expected to be low due to the Presidents' Day holiday. The euro and pound also showed little movement, while the yen was near the key level of 150. Investors will be watching for the minutes from the Fed's last meeting.

DRA Homes will invest Rs 2,000 crore in the financial year 2024-25, with a Rs 500 crore investment specifically in Chennai. The funds will come from equity, accruals, and investments, and the company will focus on mid-segment properties and commercial development, villas, and layouts. In the next few months, they plan to launch projects with a total area of 1.2 million sq ft.

Kolte-Patil Developers plans to launch new projects worth Rs 9,000 crore in Pune, Mumbai, and Bengaluru over the next 14 months. The majority of these projects will be in Pune, followed by Mumbai and Bengaluru. The company aims to generate sales worth Rs 3,500 crore in FY25 and Rs 4,500 crore in FY26. Kolte-Patil has collaborated with Marubeni Corporation for two residential projects.

ICRA predicts significant growth potential for the Indian REIT market, estimating that the REIT-ready office supply will lead to a 6-6.5 times increase in the market size. This supply has already increased by 3.3 times in the past five years, with Bengaluru, Mumbai, and Hyderabad having the highest share. As of September 2023, the top six markets have around 956 million sq ft of grade.

National Investment and Infrastructure Fund Limited (NIIF) has announced a commitment of Rs207 crore ($25 million) from NIIF Fund of Funds – I, the first fund under its Private Markets business to Amicus Capital Partners India Fund II.With a target size of $200 million, Amicus Capital Fund II expects to support businesses that leverage technology to scale, early in their growth journey