The Indian equity benchmarks, the Sensex and the Nifty closed flat after a volatile session. The Nifty struggled to hold the 22,000 mark despite opening above it. The Sensex closed 34.09 points down at 72,152, while the Nifty closed 1.1 points higher at 21,930.50. About 1,954 shares advanced, 1,314 shares declined, while 63 stocks remained unchanged. One 97 Communications Ltd | CMP Rs 496 |

The Monetary Policy Committee (MPC) is prepping to announce the last monetary policy of FY24. Coming quickly on the heels of a fiscally prudent interim Budget, expectations from the upcoming monetary policy have arisen. A change of stance? Measures to provide durable liquidity injection? With a monetary policy pivot in sight (not just in India but globally as well in 2024).

PowerGrid Corporation of India, a leading power transmission company, reported a 10.5% increase in consolidated net profit to Rs 4,028.25 crore for the quarter ending December 31, 2023. Its revenue from operations also saw a marginal rise of 2.6% to Rs 11,549.79 crore. The company's EBITDA increased by 3.2%, with a margin of 89%. However, its shares closed 2.3

The Indian government is considering extending an export tax on parboiled rice in order to combat food inflation before national elections. This could potentially lead to higher rice prices and negatively affect countries that rely on India for their food supply. Despite already implementing several measures, food inflation remains high and the government has launched a program.

Sealmatic's shares soared 20% in a recent trading session after reporting a significant milestone of receiving approval from ADNOC, a major player in the global oil industry. This opens doors to new opportunities as ADNOC has a budget of $150 billion for oil and gas projects over the next five years. The company also saw impressive growth in revenue and profit in the past year.

Shares of Trent jumped over 14% to hit a 52-week high of Rs 3,468.70 on the NSE on Wednesday after the fashion retailer posted a 124% jump in consolidated net profit to Rs 374.36 crore for the quarter ended December 30, 2023. The company had a reported profit after tax (PAT) of Rs 167 crore in the year-ago period.The price action was accompanied by huge volumes with over 30.71 lakh shares.

Equity benchmarks the Sensex and the Nifty ended February 7 flat after a choppy session, with the Nifty failing to defend the 22,000 mark despite opening above it. The indices squandered early gains as investors' focus shifted to the Reserve Bank of India's monetary policy decision to be announced on February 8. The Sensex closed 34.09 points down at 72,152, while the Nifty close 1.1 points.

Indian equity indices closed flat on Wednesday as gains from index heavyweights Reliance Industries, SBI and Axis Bank were offset by Infosys, TCS, and HDFC Bank.Information technology stocks dropped after global major Cognizant's quarterly results and commentary reaffirmed weakness in client spending.The 30-share BSE benchmark Sensex fell 34 points or 0.05% to settle at 72,152.

BCCI objects to Byju's application seeking arbitration in their dispute, stating that it is not valid in insolvency proceedings. NCLT defers hearing to February 28. Byju's facing three insolvency pleas, with claims of unpaid debts totaling over Rs. 6 crore from BCCI and two other vendors. Notice also issued by NCLT for plea filed by a digital marketing firm and a France-based company.

Indian ed-tech company Byju's is facing multiple insolvency pleas from creditors, including Teleperformance and Surfer Technologies, over unpaid dues totaling Rs 6.3 crore. Byju's has two weeks to respond to the NCLT notice and its foreign lenders have also filed a petition. The BCCI has also filed a separate plea for non-payment of Rs 158 crore. Byju's had cut ties with outsourcing agencies.

Gensol Engineering saw a surge in their stock by 10% after announcing a fundraising of Rs 900 crore through the issuance of warrants. FPIs like Elara India Opportunity Fund and Tano Investment Opportunities Fund participated in the fundraising exercise. The company plans to use the funds for working capital, inorganic growth opportunities, and investments in subsidiaries.

Paytm stock saw a 3% rise on February 6 despite a recent plunge due to RBI restrictions and downgrades from brokerages. Analysts see potential for gains with attractive valuations but caution retail investors to be wary. The company's future depends on its ability to migrate wallet customers to other banks, according to an expert. Existing investors are advised to hold.

The first TOD hub in Delhi, located at Karkardooma, is making progress with its economically weaker section housing component set to be completed by Feb 28. The complex will have 498 flats and 22 floors with basement parking. The project includes features like green space, precast blocks, dual flushing system, and rainwater harvesting. The overall cost of the project is Rs1,168.5 crore.

The Delhi Development Authority (DDA) has amended its regulations to allow private companies to purchase residential flats in bulk for use as staff quarters or hostels in the NCR region. This move aims to promote development and growth in upcoming areas like Narela, where discounts of up to 25% are being offered for MIG flats. Additionally, discounts of 15% and 25% are being offered.

The Sensex and Nifty traded flat on Feb 7 after early gains were wiped out due to profit booking in heavyweights. Investors are waiting for the RBI's monetary policy outcome on Feb 8 for direction. The market is seeing a bounce back led by IT, autos, and pharma sectors. However, excessive speculation in low-grade stocks is a concern. Technical experts advise caution and suggest staying invested.