Market View 7th February 2024

Particulars	06th February	Chg.	Chg.(%)
Nasdaq	15609.00	11.32	0.07
Dow	38521.36	141.24	0.37
FTSE	7681.01	68.15	0.89
CAC	7638.97	49.01	0.64
DAX	17033.24	129.18	0.76
Dow Fut.*	38565.62	46.25	0.12

Particulars	07th February	Chg.	Chg.(%)
GIFT Nifty	22112.50	108.00	0.49
Nikkei	36122.57	-38.09	-0.11
Straits Times	3160.29	34.61	1.11
Hang Seng	16236.71	99.84	0.62
Shanghai	2813.70	24.21	0.87

Particulars	06th February	Chg.	Chg.(%)
Dr. Reddy	73.25	0.40	0.54
HDFC Bank	56.04	0.57	1.03
ICICI Bank	24.66	0.12	0.49
Infosys	20.60	0.30	1.48
Wipro	5.95	0.18	3.03

Particulars	Current Price	Chg.(%)
USD/INR	83.05	-0.02
Brent	78.71	0.15
Gold	2050.80	-0.03
Silver	22.46	-0.09

FIIs & DIIs:

News Update:

UPL: Moody’s Investors Service downgraded the company’s senior unsecured rating to ‘Ba1’ from ‘Baa3’ on deterioration in the agrochemical industry fundamentals.

JB Chemicals & Pharmaceuticals: The company appointed Narayan Saraf as chief financial officer effective Feb. 23.

Biocon: The company received USFDA tentative approval for Dasatinib tablets, which are used in the treatment of the Philadelphia chromosome.

Lupin: The company received USFDA approval from ANDA for bromfenac ophthalmic solution, which is a generic of bromsite.

Power Finance Corp: The company incorporated Bhadla-III and Bikaner-III transmission as a wholly owned subsidiary for the development of transmission system strengthening for interconnections of the Bhadla III and Bikaner-II complexes.

Yasho Industries: The company begins a trial run at the Bharuch unit for manufacturing industrial chemicals.

Karnataka Bank: The company received an RBI nod for exercising the call option on bonds.

Mahindra Lifespace Developers: The company received an Irdai nod for a Rs 1,612 crore capital infusion by Axis Bank, subject to CCI approval.

Mahindra Life: The company received a Rs 2.3 crore penalty for non-adherence to forest norms.

One 97 Communications: Paytm’s Founder Vijay Shekhar Sharma has met Finance Minister Nirmala Sitharaman, reports CNBC-TV18, quoting sources. Sharma is likely to have to discuss the current situation with respect to Paytm.

FSN E-Commerce Ventures: The Nykaa brand operator has recorded a 106 percent on-year growth in net profit at Rs 17.5 crore for the quarter ended December FY24, with revenue increasing 22 percent to Rs 1,788.8 crore and gross merchandise value growing 29 percent over a year-ago period. EBITDA for the quarter jumped 26 percent YoY to Rs 98.8 crore, with a margin expansion of 20 bps at 5.5 percent in Q3 FY24.

Source: Moneycontrol, Bloomberg Quint, Investing 

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