Foreign investors sold a record high of ₹41,926 crore worth of shares in the Indian stock market in the second-half of January. Financial services sector saw the highest selling, while sectors like FMCG, services, and metals also witnessed outflows. Realty and automobile sectors also saw significant outflows compared to December 2023 when they had received inflows.

Tribhovandas Bhimji Zaveri reported a decrease in net sales by 8.76% and an increase in net profit by 4.32% in the December 2023 quarter compared to the same period in 2022. EBITDA also saw a rise of 5.47%, while EPS increased from Rs. 3.08 to Rs. 3.21. The company's shares closed at 133.60 on February 7.

In Mumbai, there is a disagreement between two influential broker groups over extending trading hours on the stock exchanges. The Association of National Exchanges Members of India (ANMI) has approved this proposal, but the Bombay Stock Exchange Brokers' Forum (BBF) has concerns about its impact on profitability. The NSE is pushing for a longer evening session.

Borosil Renewables Ltd. reported its quarterly results for December 2023, showing a 34.29% increase in net sales to Rs. 330.01 crore compared to the same period in 2022. However, they also recorded a net loss of Rs. 15.56 crore, a 396.99% decrease from the previous year. Their EBITDA was also down by 15.39%.

In the December 2023 quarter, GFL reported a decrease of 99.86% in net sales at Rs. 0.74 crore compared to the same quarter in 2022. However, their net profit showed an increase of 107.66% at Rs. 1.44 crore. EBITDA also saw a sharp decline of 99.74%. The company's EPS increased from Rs. 3.79 to Rs. 0.14.

Banks are seeking benefits from RBI and the Centre for sustainability-linked loans, which play a crucial role in addressing climate challenges. Discussions are ongoing on how banks can adapt to green financing models. These loans are tied to sustainability benchmarks, incentivizing borrowers to meet targets. There are proposals to include EVs, solar panels, and green hydrogen in priority sector.

India may secure a first-of-its-kind trade deal with the European Free Trade Association, with a commitment from Switzerland, Norway, Iceland, and Liechtenstein to invest up to $100 billion over 15 years in exchange for easier trade access. The final details are being negotiated, but the deal is expected to benefit industries such as processed food, pharmaceuticals, and medical devices.

High-frequency trading firms were actively involved in flipping trades on three Indian stocks - Navin Fluorine International Limited, Delta Corp Limited, and BLS E-Services Limited. Their involvement caused Navin Fluorine to hit a 52-week low and BLS E-Services to hit a 51-week high. These firms use advanced algorithms and technology to make quick profits.

On Wednesday, Wall Street's major indexes saw gains as investors reacted positively to strong U.S. earnings and monitored the Federal Reserve's comments for hints on interest rates. Some noteworthy companies that outperformed expectations include Chipotle, Ford, and Fortinet, while others, such as New York Community Bancorp and VF Corp, fell short.

The Nifty closed flat on February 7, after rallying in the previous session. The market opened strong but selling pressure in the second half erased all gains. Analysts warn of a correction if support at 21,850 is breached, with resistance at 22,000. The Nifty Bank closed up 0.28 percent, with potential for further retracement towards 46,300-46,500. Support is at 45,500-45,400.

Experts predict that the Reserve Bank of India (RBI) will maintain its tight liquidity stance in the upcoming monetary policy, with a focus on managing inflation and improving interest rate transmission. The central bank has indicated that liquidity conditions may ease but is expected to continue with fine-tuning operations. While government spending may ease liquidity in the near term, markets.

Some onshore funds that performed well in the Chinese stock market last year are now struggling due to recent losses. Funds that focused on small-cap or niche stocks have been hit particularly hard, as even popular investments such as AI names have short lifespans. The decline in Chinese equities has led to a record amount of investment flowing into overseas markets.

Tata Consumer Ltd reported a consolidated net profit of Rs 301.5 crore in the quarter ended December 2023, which is 17 percent lower as compared to Rs 364 crore clocked in the year-ago period. The net profit clocked by the company is also lower as compared to the preceding September 2023 quarter, when it stood at Rs 363.9 crore. Tata Consumer's Q3 FY24 net profit, at Rs 301.5 crore

Mumbai-based Cactus Venture Partners (CVP) has marked the final close of its debut fund at Rs 630 crore (approximately $77 million) to be deployed across climate tech, health tech and B2B SaaS startups over the next two years. The early growth stage venture investment firm is backed by international Limited Partners (LPs) and domestic financial institutions, including the likes of SIDBI.

The Reserve Bank of India (RBI) is widely expected to keep the repo rate steady at 6.5 percent for the sixth consecutive time during its February monetary policy committee (MPC) meeting on February 8, according to analyst consensus. Although markets have already factored in this expectation, experts suggest that any hints of a rate cut in near future from Governor Shaktikanta Das