The S&P 500 closed slightly higher on Tuesday, as investors scrutinized a mixed bag of earnings at big U.S. companies and digested comments from Federal Reserve policy makers for clues about its first planned interest-rate cut. Minneapolis Fed President Neel Kashkari said the central bank is not done yet with inflation although he noted it had come down quickly with three-month and six-month.

There is no specific sector or technology we focus on, and our investment themes are not rigidly-defined borders. We find outliers executing in markets that matter the most interesting and invest there. In the Indian context, while our broad investing lens that cuts across sectors has not changed significantly over the past decade, our approach has definitely deepened.

Godrej Consumer Products Limited (GCPL) stock surged on Feb. 1 due to the launch of their new product - Goodknight Agarbatti. This is India's first legal anti-mosquito incense stick, which will target the Rs 1,200 crore market currently dominated by unorganised players who do not follow regulations set by the Central Insecticides Board (CIB). GCPL plans to capture over 50 percent of this market.

BBMP is introducing an IVRS system to remind over 6 lakh property tax defaulters in Bengaluru of their obligation to pay dues. This will help ease the burden on revenue officials and allow for hassle-free follow-up with citizens. The system will also be used to collect feedback and handle citizen complaints through Sahaya 2.0 and other portals.

Most emerging market currencies are not likely to make up for their losses against the US dollar in the next six months due to reduced expectations for rate cuts from the Federal Reserve. Better than expected US economic data and hawkish comments from Fed policymakers have led to a 3% increase in the dollar index, hurting emerging market currencies. In a recent poll of FX strategists.

ITC announced an interim dividend of Rs 6.25 per share for the financial year 2023-24 in its board meeting on January 29, 2024, along with unaudited financial results for the quarter and nine months ending December 31, 2023. The company reported a flat revenue of Rs 17,651 crore but a 13% increase in net profit. The current dividend yield is 2.97% with a quarterly.

Tata Steel CEO and MD T V Narendran believes that India is the fastest growing economy and the next 30 years are crucial for its development. He emphasized on the need for the steel sector to adapt to global challenges and mentioned Tata Steel's strong ties with SCCI for industrial growth. Narendran also praised the role of MSMEs in the growth of big industries and urged Tata Steel to support.

SaaS fintech company Zaggle Prepaid Ocean Services saw a 10 percent rise in stock shares after reporting a 900% increase in net profit for the December quarter. The company attributed this growth to increased revenue from their software platform and a decrease in finance costs. They also announced a new client in the fleet loyalty card program, showing potential for future growth.

NLC India's shares dropped 2% on February 7 after reporting a net profit of Rs 250 crore for the quarter ended December 2023. Over the last year, the stock has gained 280%. The company's EBITDA fell by 33.5%, and it was reported that NLC India submitted bids for coal mines and is working on a major power project in Odisha with an estimated investment value of over Rs 35,000 crore.

Top brokerage firms have provided recommendations on various companies such as Godrej Properties, Bharti Airtel, Britannia Industries, and TTK Prestige. Jefferies maintains a buy rating on Godrej Properties with a target of Rs 2700, while CLSA has an outperform rating on Britannia Industries with a target of Rs 5932. For TTK Prestige, they maintain an underperform rating with a target of Rs 790.

Banking stocks drove the benchmark BSE Sensex and NSE Nifty 50 up 0.5 percent at the open on February 7 on the back of strong global cues. Since there are no immediate triggers on the horizon, analysts believe that stock-specific action and sector rotations will shape the market momentum from here on. At 9:20am, the Sensex was up 0.4 percent at 72,510, while the Nifty 50 rose 0.4 percent.

Navin Fluorine was down 5.2 percent in the early trade on February 7, a day after the company reported a 26.8 percent year-on-year (YoY) decline in net profit at Rs 78 crore for the December quarter of the current financial year. Revenue dropped 11 percent to Rs 501.8 crore. EBITDA tanked 51.3 percent to Rs 75.7 crore from the same period last year. The EBITDA margin also contracted to 15.1 %.

Shares of Nazara Technologies Limited traded 6 percent higher at Rs 917 in the morning trade on February 7 after the company announced a 45 percent surge in net profit for the October-December quarter. The company reported a net profit of Rs 29.52 crore for the third quarter, driven by a robust performance in the e-sports vertical. However, lower profits in the gaming and adtech segments.

Shares of FSN E-Commerce Ventures, which operates Nykaa, gained 5 percent at the open on February 7 after the company reported stellar earnings for the quarter ended December 2023. Its net profit surged 106 percent on-year to Rs 17.5 crore, driven by strong demand during the festival and wedding seasons, while its revenue was up 22 percent to Rs 1,788.8 crore.

Shares of Oracle Financial Services, Oil India and Coal India have performed strongly in 2024, with gains of over 20-60%. These companies also offer high dividend yields, making them attractive to investors. According to a Quality Dividend Yield Report, there are 16 stocks that meet certain criteria for being quality dividend yield stocks. Investing in high dividend yield stocks.