GIFT Nifty indicates a negative opening for Indian equity indices on Friday. Key stocks to watch in trade include telecom companies as a spectrum auction is set to take place with major players expected to be in the spotlight. Other stocks to look out for are Zee Entertainment Enterprise, Bharat Heavy Electricals, TVS Motor, IRCTC, Signatureglobal, LIC, Ramco Cements.

Entero Healthcare Solutions is offering its IPO to retail investors until February 13. The issue has a price band of Rs 1,195 - 1,258 per equity share and plans to raise Rs 1,600 crore through a mix of fresh issue and offer for sale. The company distributes healthcare products through its tech platform and reported a net profit in the last quarter.

CG Power and Industrial Solutions has entered into a pact with Renesas Electronics America Inc and Stars Microelectronics for setting up an OSAT facility in India. The joint venture, subject to regulatory approvals, will see investments of $222 million from CG Power, Renesas, and Stars. The deal includes agreements on technology and services, government subsidies, and various rights and options.

Jefferies has downgraded the ITC stock ended  to "hold" from "buy" as the international brokerage expects the hotels-to-cigarettes player to remain range-bound. The international brokerage also slashed ITC target price to Rs 430 from Rs 520 a share . At 10.16 am, ITC was trading at Rs 420.05 on the NSE, up 1.3 percent, recovering from the pervious day when the scrip ended 4 percent lower.

The trading day on Thursday saw the dollar steady against the euro after Fed Chair Jerome Powell pushed back against expectations of early rate cuts, and the pound recovered slightly after the Bank of England signaled a more cautious approach to easing. Meanwhile, the yen strengthened as fears over the health of U.S. regional banks renewed safe-haven demand.

Gujarat RERA (GujRERA) extended QPR deadline to Feb 21 after complaints from developers about issues faced in migrating to new portal. Nearly 70% have completed migration; remaining issues will be fixed soon. New portal requires promoter enrollment, causing delays for some developers. 5,000 out of 7,500 developers have completed enrollment so far.

Chris Wood of Jefferies has announced adjustments to both the India long-only portfolio and the global long-only portfolio. In the India long-only portfolio, a new investment in Bharti Airtel will be introduced, accounting for 3 percent of the portfolio. This addition will come by reducing the investment in Reliance Industries by three percentage points.

At a time when an increasing number of residential properties are going for redevelopment, both homeowners and developers face ambiguity over whether such projects attract long-term capital gain (LTCG) tax or not. Experts said that societies should ensure there is a clause in the agreement with the builder that the project is completed within three years.

RBI Governor Shaktikanta Das announced plans to make the Central Bank Digital Currency (CBDC) more appealing by programming it for specific end uses and offline functionality. This would allow for targeted digital payments in areas with low internet connectivity, such as fertiliser subsidies and reimbursements for bills and medical treatments. The pilot phase has seen modest adoption.

Twelve stocks are under the F&O ban list on Friday, February 9 viz. Ashok Leyland, Aurobindo Bharma, Balrampur Chini, Biocon, Delta Corp, Hindustan Copper, India Cements, Indus Towers, National Aluminium Company (NALCO), Punjab National Bank (PNB), Steel Authority of India (SAIL) and UPL.Zee Entertainment Enterprises (ZEEL) has moved out of the ban.The F&O contracts of any stock enter the ban.

Zomato, the online food aggregator, reported strong quarterly earnings with a third consecutive profit and a 69% increase in revenue. Brokerages have raised their target price on the stock, citing the positive impact of the Cricket World Cup and festive season on growth. Zomato has set medium-term growth expectations of 50%, led by its subsidiary Blinkit.

West Bengal government has announced a reduction in stamp duty for property transfers by way of gift within the family to a maximum of Rs 1,000. This decision has been welcomed by experts and is seen as a positive move towards easing financial constraints, encouraging family property transfers, and promoting economic revitalization.

Delhi High Court expresses concern about the failure of authorities to stop unauthorized construction near historically important monuments. It may order a CBI probe to investigate lapses by all authorities involved. The court notes that this lack of action could lead to complete lawlessness in the city and cause the entire system to collapse. The issue was raised in a PIL filed by an NGO.

Paytm's shares fell by 9% on Friday as hopes for a quick solution to regulatory issues faded. The RBI has taken a tough stance against the fintech company for non-compliance and is considering canceling its license. Paytm's founder met with RBI and the Finance Minister to discuss the matter, but the uncertainty has caused a loss of Rs 22,000 crore for investors.

IRCTC's stock price rose on February 9 after it announced a partnership with the Uttarakhand government to launch Bharat Gaurav Tourist Trains. These trains aim to bring travelers from across India to visit lesser known destinations in Uttarakhand. UTDB will cover operating costs and IRCTC will handle bookings and tour packages. The company's board will also meet on February 13.