Zydus Wellness reported a 0.13% increase in net sales and a 31.47% decrease in quarterly net profit for December 2023 compared to the same period in 2022. EBITDA also decreased by 1.85%, while EPS dropped from Rs. 2.36 to Rs. 1.62. The company's stock closed at Rs. 1,648.85 with 8.84% returns in the last 6 months.

Reported Standalone quarterly numbers for Balrampur Chini Mills are: Net Sales at Rs 1,230.39 crore in December 2023 up 25.4% from Rs. 981.16 crore in December 2022. Quarterly Net Profit at Rs. 60.31 crore in December 2023 up 35.81% from Rs. 44.41 crore in December 2022. EBITDA stands at Rs. 132.69 crore in December 2023 up 33.05% from Rs. 99.73 crore in December 2022.

RBI's monetary policy statement and Governor Das' speech have dashed hopes of a rate cut in the near future, with analysts now expecting it to happen only in the second half of 2024. The RBI has kept the repo rate unchanged at 6.5% for the sixth consecutive time, citing the fight against inflation as its main priority. Analysts believe that the RBI will wait for cues from the US Fed.

In the standalone quarterly results for Poona Dal and Oil Industries, net sales and profits have decreased significantly compared to the same period last year, with a dip of 45.73% and 43.76%, respectively. The company's EBITDA has also decreased by 40.91%. The EPS has decreased from Rs. 0.52 to Rs. 0.29 in December 2023.

Zydus Lifesciences reported a 26% increase in net profit for the December quarter of FY23-24, with revenue up by 5.8%. Their board approved a Rs 600 crore share buyback and EBITDA saw substantial growth. The success was driven by strong performance in the Indian and EM&EU formulations businesses, with new product launches and sustained volume expansion.

Reported Standalone quarterly numbers for Hindustan Foods are: Net Sales at Rs 643.08 crore in December 2023 up 2.63% from Rs. 626.57 crore in December 2022. Quarterly Net Profit at Rs. 22.59 crore in December 2023 up 30.19% from Rs. 17.35 crore in December 2022. EBITDA stands at Rs. 47.76 crore in December 2023 up 16.29% from Rs. 41.07 crore in December 2022.

Equity MFs saw a surge in inflows, reaching a 22-month high of Rs 21,780.56 crore in January. Sectoral and small- and mid-cap funds were the main drivers, while even large-cap funds had a strong performance. This marked the 35th consecutive month of inflows and the industry saw a rise in assets under management to Rs 52.74 tn. Debt funds also experienced a revival with Rs 76,469 crore in inflows.

Shares of RVNL fell over 9% as the railway infrastructure company reported a 4% decline in standalone net profit for Q3FY23. Revenue from operations also decreased by 6%. Despite this, the stock has given 260% returns over the past year and is still trading above its moving averages. Today's decline was on strong volumes and momentum indicators suggest it may be overbought.

Food delivery app Zomato's shares rose over 4% and hit a record high of Rs 150.20 on the NSE after posting strong Q3 earnings and receiving positive recommendations from brokerages such as HSBC and Nuvama. The company recorded a 283% increase in net profit to Rs 138 crore, beating estimates, thanks to strong growth in food delivery and hyperpure businesses.

After RBI's approval for HDFC Bank to acquire 9.50% stake in Yes Bank and restructuring initiatives, the stock has seen a robust momentum. Technical analysts suggest that it has potential to rise further with support at Rs 26-27 and target at Rs 45. Business restructuring decisions like transferring IB and merchant banking businesses from its subsidiary have also contributed to the positive trend.

Tata Power's shares dropped by 5.5% due to uncertainty over the company's December quarter results. However, the stock has seen a significant increase in the last month and year. In the September quarter, the company reported a rise in its consolidated net profit and revenue from operations. The EBITDA and margins also showed improvement.

Trigyn Technologies has reported a decline in quarterly net sales and loss, with EBITDA also decreasing. The company's shares have shown positive returns over the last 6 and 12 months. This information was released in a standalone quarterly report including details of the company's expenditures, profits, and shareholding of promoters and promoter groups.

ITD Cementation India reported strong standalone quarterly results for December 2023, with a 61.27% increase in net sales and a 113.9% increase in net profit compared to the same period last year. The company's EBITDA also saw a significant jump of 91.49%. Its EPS has increased to Rs. 4.56 from Rs. 2.13, while its shares saw a 75.62% return over the past 6 months.

Global market sentiment is positive after the S&P 500 reached a record high of over 5,000 points for the first time ever. Strong corporate earnings and resilient quarterly reports have driven this surge, shifting investor focus away from interest rate cuts. US jobless claims data further boosted confidence in the labor market. Reduced expectations of a rate cut in March resulted in strengthening.

The Indian government announced a Rs 10,000 crore initiative to create a 'sovereign AI' computing infrastructure for startups in agriculture, healthcare, and education sectors. However, this may not be the best use of public funds as there is no market failure in the current cloud computing infrastructure for AI. Instead, the government can focus on addressing issues like market concentration.