On February 9, Rail Vikas Nigam Limited (RVNL) stock opened 5% lower after reporting a 6.2% drop in net profit for the December quarter. The company's revenue increased by 6.4%, but EBITDA fell by 9.6%. RVNL also won a bid for a Rs 251-crore power project in Jabalpur. Investors are advised to seek expert advice before making any investment decisions.

BHEL's stock rose by 1.39% after receiving a Rs 5,500-crore order from Haryana Power Generation Corp Ltd. The company will set up a unit at DCRTPP and also be responsible for the building and commissioning process. A board meeting will be held on Feb 13 to approve quarterly results. In January, BHEL received an EPC package for a project in Odisha. The stock has touched both a 52-week high.

India's top insurance company, LIC, saw a 6% increase in shares, reaching a market valuation of Rs 6.99 lakh crore and placing it fifth among the country's most valued companies alongside Reliance Industries, TCS, HDFC Bank, and Infosys. This milestone marks the first time LIC has surpassed Rs 7 lakh crore, solidifying their position as a major player in the financial sector.

Yesterday, following the RBI's decision to maintain interest rates and inflation forecast, Indian benchmark indices saw a slight increase led by Reliance Industries and ICICI Bank. The Sensex and Nifty50 were up 0.20% and 0.21% respectively. However, blue-chip stocks dropped after RBI's hawkish comments. LIC shares rose 6.2% and Zomato shares were up 5%. Nifty Bank, Financial Services, IT.

Ahmedabad-based real estate developer Shivalik Group has received regulatory approval from Securities and Exchange Board of India (Sebi) for its first fund- Shivalik Investment Fund as a Category II AIF (Alternative Investment Fund). The proposed AIF aims to raise up to Rs 300 crore through private placement, including Rs 150 Crore Green Shoe Option.

There is a very good reason for them to do it. They have taken the biggest hit, and it's a publicly listed company. The market will decide these things. In an interview with Moneycontrol, Petroleum and Natural Gas Minister Hardeep Singh Puri stated that India's increasing energy demand, along with global weakness, has attracted both local and international investments.

The investment firm held 517,058 equity shares in the company as of December 2023. Polyplex Corporation: Dinesh Bhatia has resigned from the position of an independent director of the company with effect from February 8, 2024, due to personal reasons. Essar Shipping: CARE Ratings has reaffirmed CARE-A rating assigned to the long-term bank facilities aggregating Rs 215 crore.

On Thursday, equity markets saw selling pressure as the RBI remained cautious on rate cuts due to rising inflation. Nifty's short-term trend has turned down and it may weaken further, but the near-term uptrend remains intact. India VIX rose 2.08%. 12 stocks were in F&O ban. Foreign portfolio investors sold shares worth Rs 4,933 crore while DIIs bought shares worth Rs 5,512 crore.

Equity indices fell about 1% on Thursday due to uncertainty about interest rate cuts. Today, Hero MotoCorp, Honasa Consumer, Zomato, LIC and others will announce earnings, and Grasim reported a 40% fall in profit while Zomato beat estimates. LIC's profit was up 49%, Patanjali Foods had a 19.3% decline, Apollo Hospitals saw a 59% growth, Ramco Cements posted a Rs 93.4.

On Thursday, the S&P 500 index inched higher while hitting the 5,000-point milestone, with small-cap and semiconductor stocks outperforming. Strong earnings reports from companies like Disney and ARM Holdings contributed to the gains, while a positive jobs report and comments from policymakers on interest rates also boosted investor confidence.

Experts predict the market to consolidate with support at 21,500 and resistance at 21,900-22,000 in the near term. On February 8, Nifty 50 was down 213 points to 21,718, forming a long bearish candlestick pattern. Selling pressure was seen in benchmarks but less in broader markets. Hindustan Aeronautics, SBI, and Max Financial Services gained, with their stocks showing bullish patterns.

United Breweries reported a total net profit of Rs 85.34 crore for the December quarter, a significant increase from a loss of Rs 1.97 crore in the same quarter last year. The company's revenue also saw a growth of 12.28 percent. Anand Kripalu has been appointed as the Chairman of the Board, who is currently an independent director and the MD of Blackstone-backed EPL Limited.

Thermax Ltd, an energy and environment solutions provider, saw a jump in profit by 87.7% (Rs 237.06 crore) in the December quarter compared to the same period last year due to increased revenue. The company's operating revenue and EBITDA also increased by 13.4% and 20.9%, respectively. In addition, Thermax has approved the setting up of a new manufacturing plant.

The Indian rupee remained steady at 82.96 against the US dollar, as the RBI kept the key policy rate unchanged for the sixth time and revised GDP projections higher for FY24. The rupee touched an intraday high of 82.89 and a low of 83 during the day, but lost gains due to negative domestic equities and a recovering US dollar. The RBI also emphasized on closely monitoring food inflation.

Gold prices were slightly lower on Thursday due to a stronger dollar, with investors waiting for more guidance on when the US Federal Reserve will make its first interest rate cut of the year. Demand concerns also pushed down palladium prices to a five-year low. Fed officials are hesitant to cut rates until they are confident that inflation will hit 2%.