The Board of the Association of National Exchange Members of India (ANMI) has given an in-principle approval to extend the trading hours for index futures, sources told CNBC-Awaaz on February 7. Brokers Industry Standards Forum (ISF), which comprises ANMI, CPAI, and BBF, will soon send a letter to Sebi, the sources added. CPAI is Commodity Participants Association of India and BBF is BSE Brokers.

Five stocks are under the F&O ban list on Wednesday, February 7 viz. Ashok Leyland, Hindustan Copper, India Cements, Indus Towers, National Aluminium Company (NALCO), UPL and Zee Entertainment Enterprises (ZEEL).Ashok Leyland is the latest entrant. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL.

State lender Canara Bank's Board of Directors will meet on February 26 to consider the proposal of sub-division or split of the equity shares of the bank, the company informed exchanges ahead of the market opening on Wednesday.The approval from the Company's board on the stock split will be subject to prior approval of the Reserve Bank of India (RBI) and other statutory or regulatory approvals.

The rupee is expected to remain stable against the US dollar in the next year, with slight gains due to interventions by the Reserve Bank of India. However, other Asian currencies are predicted to perform better. The RBI may cut interest rates later this year, but at a slower rate than the US Federal Reserve, and the rupee is expected to appreciate modestly over the longer term.

Oil prices ticked higher on Wednesday, as growth in U.S. oil production is expected to remain largely steady through 2025, easing worries of excess supply. Brent crude futures rose 38 cents, or 0.5%, to $78.97 a barrel as of 0013 GMT, while U.S. West Texas Intermediate crude climbed 41 cents, or 0.6%, to $73.72. Both contracts had gained slightly on Monday. U.S. domestic production.

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.