DLF Ltd stock has more than doubled investors' wealth in the last year, but saw some profit-taking in January 2024. It hit a record high of Rs 815 on Jan 15 but fell back to find support at 730 levels. The stock broke out from a falling trendline resistance and is expected to reach a new record high of 865. Experts suggest buying on dips for a target above 850 levels. DLF reported a 27% increases.

Apeejay Surrendra Park Hotels' Rs 920-crore IPO subscribed 45% on first day of bidding. Retail investors bid 1.73 times, HNIs picked 51% of allocated shares. Offer consists of fresh issue worth Rs 600 crore and offer for sale of Rs 320 crore by promoters. Company raised Rs 409.5 crore from anchor investors. Plans to use Rs 550 crore to repay loans and for general corporate purposes.

The Indian defence industry has seen a positive shift due to opening up to the private sector, resulting in investments, innovation, and efficiency. To make India self-reliant in defence, higher budget allocation is needed. Challenges such as high cost of capital and limited ease of doing business hinder private sector growth. The private sector accounts for a significant portion of defence.

Last year was a tough period for the market, but it was followed by a strong uptrend. However, caution has returned in the new year and there is potential for a reversal. The support level is around 21720-21600 for Nifty. Nifty Bank is underperforming and may see a rise towards 50000 if the 20-day SMA at 45569 holds. USDINR near 83 could indicate a shift in momentum for equities.

Founder of Paytm, Vijay Shekhar Sharma assured employees that there will be no layoffs despite the ongoing crisis with RBI. The company is engaging with other banks for partnerships and Sharma addressed concerns about job security during a town hall meeting. The stock price has also been affected, with exchanges limiting daily trading to 10%. SBI and ICICI bank are potential partners.

Oil prices stabilised in early Asian trading on Monday after sharp falls last week, amid continued attempts to reach a ceasefire in the Israel-Palestinian conflict even as the U.S. planned new strikes on Iran-backed groups. Brent crude futures inched up 8 cents to $77.41 a barrel by 0131 GMT, while U.S. West Texas Intermediate futures were flat at $72.28 a barrel.

Asian shares fell due to a strong US jobs report that reduced expectations of a rate cut from the Federal Reserve. China's stocks also remained low on weak sentiment, despite efforts by Chinese regulators to stabilize the market. Fed Chairman Jerome Powell indicated that interest rates may not be cut soon, causing markets to price in a lower chance of a rate cut in March.

Asian shares fell and the dollar rose after a strong US jobs report reduced expectations of an interest rate cut. Oil prices were unstable due to recent US strikes in the Middle East. China's securities regulator announced plans to stabilize the market, but sentiment remains low. Fed Chairman Jerome Powell stated the need for balance in deciding on rate cuts. Treasuries and regional bond yields.

Market rebounded ~2% after two weeks of correction, driven by positive global cues and buying in selective heavyweights. Nifty retested record high but settled at 21,853.80. Despite overbought conditions, broader indices gained 2.7%-5.6%. Expect volatility with focus on earnings and RBI meet. US markets continue upward trend, target 39,000 for DJIA. Nifty needs close above 22,150 for next leg.

Bond traders in India are hopeful that the government's financially responsible budget will lead to a more accommodative monetary policy by the central bank. This, along with lower borrowing plans and a reduced budget deficit, has caused yields to reach a seven-month low and could result in further rate cuts. The inclusion of Indian bonds in an emerging market index.

The Interim Budget, presented by Finance Minister Nirmala Sitharaman on February 1, provided a glimpse into the government's fiscal plans for FY24 and FY25. Key takeaways include estimated nominal GDP growth of 10.5%, target of 5.1% fiscal deficit in FY25, net borrowing of Rs 11.75 crore, increased capex target of Rs 11.1 lakh crore and estimated disinvestment of Rs 50,000 crore.

Interim Budget 2024-25 did not create much buzz in Indian business world. RBI cracked down on Paytm Payments Bank for non-compliance with KYC norms, RBI rules and lying about its compliance status. Independent directors of Paytm Bank's Board failed to act despite early warnings. This raises questions on the duty of bank Board, especially independent directors, to fix non-compliance issues.

SBI's Q3 earnings fell short of street estimates due to high wage and pension bill as net profit dropped by 35%. Despite this, overall earnings were healthy with lower credit cost. NII missed expectations but NIM stood at 3.22%. GNPA fell to 2.42% while PPoP growth was affected by high operating expenses. SBI's business growth is robust and asset quality remains healthy according to Motilal Oswal.

On Monday, gold prices dipped as the dollar and Treasury yields rose following a strong U.S. jobs report, dampening hopes for early interest rate cuts from the Federal Reserve. Fed Chair Jerome Powell reaffirmed that inflation is expected to hit the central bank's target, but traders are still pricing in rate cuts for 2024. Investors are also watching for remarks from Fed speakers this week.

The Interim Budget 2024 speech by Finance Minister Nirmala Sitharaman had a positive impact on certain stocks, particularly those in the infrastructure sector. These stocks had been relatively flat in February 2023 but following the budget's emphasis on India's growth and a rising stock market, they have seen significant increases in share price returns.