The market is expected to be directionless this week unless there is a strong closing above 22,000 or a drop below 21,500. The Nifty 50 shed 0.3% and formed a bearish candlestick pattern with support at 21,680 followed by 21,500. The resistance at 21,900-22,000 remains challenging for bulls. Traders should closely monitor the 21,500 level, which could trigger panic in the market.

Shares of Bandhan Bank dropped over 7 percent as its loans worth Rs 23,300 crore given under credit guarantee schemes are being reviewed for evergreening. An auditor will analyze the portfolio for signs of inflated loans and the bank has already repaid most of its loans under the scheme. The bank's total income and operating profit declined in Q3FY24, while NIM improved and NPAs.

Astrotalk, a spiritual tech startup, raised $20 million in Series A funding from Left Lane Capital. The funds will be used for international expansion, strategic acquisitions, and hiring senior leaders. The company plans to expand into the US, Canada, UK, and Middle East while also developing devotion offerings and expanding operations in South India.

The global market is experiencing a major change as investors move their funds from China to India, in what is being recognized as a pivotal movement in investment patterns. Amidst concerns about China's economic difficulties, influential companies like Goldman Sachs and Morgan Stanley are increasingly naming India as the top choice for investments in the coming decade.

Suryaamba Spinning Mills reported a decrease in net sales, net profit, and EBITDA for the December 2023 quarter compared to the same period in 2022. EPS also decreased from Rs. 2.62 to Rs. 0.15. Stock closed at 172.05 on February 9th, giving a negative return of -11.31% over the last 6 months and -11.29% over the last 12 months.

Digjam reported a standalone quarterly net sales of Rs. 5.78 crore in December 2023, down 35.27% from the previous year. Net loss also increased by 67.33% to Rs. 1.81 crore. The EBITDA for the quarter was negative at Rs. 0.96 crore. The stock closed at 93.80 on February 09, 2024 and has given a return of 13.35% over.

Amin Tannery reported a decrease in net sales and net profit for the December 2023 quarter compared to the same period in 2022. EBITDA also decreased, leading to a decrease in EPS. The company's shares closed at 2.21 on February 9th, 2024 with negative returns over the past 6 months and positive returns over the past 12 months. Other financial figures such as expenses, other income, and taxes.

Super Tannery has reported its standalone quarterly results for December 2023, showing a 9.53% increase in net sales and a small increase in net profit compared to the same quarter in 2022. EBITDA decreased by 2.25% and EPS remained at Rs. 0.09. The company's shares have given a return of 54.34% over the last 6 months and 61.24% over the last 12 months.

Mutual funds offer retirement schemes specifically designed to help investors build a nest egg for their post-retirement years. These schemes invest in a combination of equity and debt, with many fund managers seeking out promising mid-cap stocks for long-term growth potential. Popular picks among these schemes include Zee Entertainment Enterprises, Dixon Technologies (India).

"According to Ashish Kyal of Waves Strategy Advisors, it is unlikely that Nifty 50 will touch 23,000 in February due to consolidation and profit-booking. The index may face selling pressure if it breaks below 21,550, while a close above 22,120 could signal an extended up move. For Bank Nifty, Kyal suggests a sideways movement with resistance at 46,500 and support at 44,500.

Retirement schemes offered by mutual funds aim to build a nest egg for investors for their retired life. There are 27 schemes targeted specifically at the retirement goal, that invest in a mix of equity and debt. Due to the long-term mandate of retirement, many fund managers hunt for multibaggers in mid-cap stocks. Here are most popular mid-cap stocks among the retirement oriented mutual fund.

Indian markets are expected to open positively today, with GIFT Nifty trading up 0.48%. On Friday, the NSE Nifty 50 gained 0.30% while the BSE Sensex closed 0.23% higher. Wall Street closed mixed, with Dow down 0.14% and S&P 500 up 0.57%. The US Dollar traded flat at 104.01, while crude oil prices were down by 0.51%.

Galaxy Agrico Exports reported strong standalone quarterly numbers for December 2023, with net sales at Rs. 3.92 crore, representing a growth of 162.14% from the same period in 2022. Net profit also increased by 225.34%, while EBITDA saw a 50% increase. The company's EPS has grown to Rs. 0.38, up from Rs. 0.30 in December 2022.

Landmarc Leisure Corporation reported a decrease in net sales and an increase in net loss for the December 2023 quarter compared to the same quarter last year. EBITDA also saw a negative trend. The company's stock has had a 26.67% return over the past 6 months but a -1.04% return over the last 12 months. Other financial details are listed in the table.

Sambhaav Media's standalone quarterly results for December 2023 showed a 3.89% increase in net sales, a 636.82% increase in net profit, and a 58.33% increase in EBITDA compared to the same period in 2022. The company's EPS also increased from Rs. 0.00 to Rs. 0.02. The stock has seen a 43.90% return over the last 6 months.