Stock Market Prediction: A big fall was seen in the Indian stock market on the first trading day of the week. At the same time, even today weak signals are being received from the global market. At 7:30 am, Gift Nifty was up 9 points at 21,813. On the one hand, a three-day monetary policy meeting is starting from today by the Reserve Bank. On the other hand, the Bank of Australia will announce its interest rate decision in a short while. Asian markets are mostly lower on Tuesday after the fall in Wall Street indices. In Asia, all major benchmarks except Hang Seng were feeling selling pressure as they fell in the range of 0.6 per cent to 0.8 per cent. The Dow Jones Industrial Average fell 0.71 percent, while the S&P 500 slipped 0.32 percent. The Nasdaq Composite fell 0.2 percent.
Here is a list of stocks to watch today:
Q3FY24 Earnings Today: Action Construction Equipment, AGI Greenpack, Akzo Nobel India, Anant Raj, Birla Corporation, Brigade Enterprises, Britannia Industries, Computer Age Management Services, Chambal Fertilizers & Chemicals, Signity Technologies, Dollar Industries, E.I.D. . Parry, EIH Hotels, Endurance Technologies, Eveready Industries India, FIEM Industries, Go Fashion (India), Godrej Properties Godavari Power & Ispat, Gujarat State Fertilizers & Chemicals, Hawkins Cookers, IOL Chemicals & Pharmaceuticals, J.B. Chemicals & Pharmaceuticals, JK Tire & Industries, Kingfa Science & Technology, Lemon Tree Hotels, Max Financial Services, Naveen Fluorine International, NLC India, FSN E-Commerce Ventures, Procter & Gamble Health, PNC Infratech, Radico Khaitan, Redington, Timken India , Trident, TTK Prestige, Tata Teleservices, Usha Martin, Vakrangee, V-Mart Retail, Welspun Corp.
Paytm: Fintech major Paytm’s parent company One97 Communications Ltd (OCL) has denied reports about investigations or violations of foreign exchange rules by the company or its associate Paytm Payments Bank Ltd.
Jio Financial Services: The company has denied talks to acquire Paytm Wallet of crisis-hit One 97 Communications.
new listing: Shares of BLS e-Services will be listed on the stock exchanges today. The company has fixed the issue price of approximately Rs 135 per share. HDFC, IndusInd Bank: In a letter dated February 5, 2024, the Reserve Bank of India (RBI) has approved HDFC Bank Ltd’s application to acquire “total holding” of up to 9.5 per cent of the paid-up share capital . Or voting rights in IndusInd Bank Limited.
Bharti Airtel: Its consolidated net profit in the December quarter increased by 54 percent year-on-year to Rs 2,442.2 crore. Consolidated revenue from operations increased by 5.8 percent to Rs 37,899.5 crore.
JK Lakshmi Cement: The board of directors will meet on February 8 to consider and approve the unaudited financial results for the December quarter, consider and approve funds raised through debt securities and consider and approve dividend for FY24.
Shree Cement: No demand has been made to the Income Tax Department to deposit tax, Shree Cement clarified on February 5, hours after reports said a final notice demanding Rs 4,000 crore has been sent to the company.
zee entertainment: The National Company Law Tribunal is scheduled to hear later today the plea filed by Zee Entertainment Enterprise regarding its recently concluded merger with the Indian subsidiary of Sony Group Corp.
Zydus Lifesciences: The board of directors will meet on February 9 to consider and approve the share buyback proposal.
Adani Power: Crisil Ratings has raised its rating on the company’s Rs 38,000 crore bank credit facilities to ‘AA-‘ from ‘A’ on “strong improvement” in the company’s business and financial risk profile.
IEX: Indian Energy Exchange achieved the highest ever total volume in January 2024, reaching 10,893 million units (MU) – showing a growth of 26.1 per cent year-on-year.