Market View 9th February 2024

Particulars	08th February	Chg.	Chg.(%)
Nasdaq	15782.60	25.96	0.16
Dow	38726.33	48.97	0.13
FTSE	7595.48	-33.27	-0.44
CAC	7665.63	54.37	0.71
DAX	16963.83	41.87	0.25
Dow Fut.*	38703.11	-23.22	-0.06

Particulars	09th February	Chg.	Chg.(%)
GIFT Nifty	21780.50	-30.50	-0.14
Nikkei	37029.91	166.63	0.45
Straits Times	3126.26	-16.65	-0.53
Hang Seng	15656.34	-221.73	-1.40
Shanghai	2865.90	36.20	1.26

ADR Watch:

Commodities & Currency:

FIIs & DIIs:

News Update:

Telecom Stocks: The Union Cabinet announced its approval for a 10,523 MHz spectrum auction this fiscal year, with a reserve price of Rs 96,317 crore. The auction will be held for spectrum in the 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz, and 26 GHz frequency bands, with a validity period of 20 years. (Reliance Industries, Bharti Airtel, and Vodafone Idea will be in focus.)

One 97 Communications: Paytm Payments Bank board member Manju Agarwal has resigned from the company, people with knowledge of the matter told NDTV Profit. Agarwal, who served on the board as an independent director, resigned with effect from Feb. 1 this year.

Zee Entertainment Enterprise: The market regulator, in an interim order, has asked several guest experts on Zee Business to repay Rs 7.41 crore in alleged unlawful gains made by taking positions opposite to their on-air advice.

Bharat Heavy Electricals: The company received an order worth Rs 5,500 crore from Haryana Power Generation Corp. for up to a 1×800 MW ultra-supercritical expansion unit in Haryana.

TVS Supply Chain Solutions: The company signed a settlement agreement in relation to certain disputes. TVS Australia will make aggregate payments amounting to $6 million.

Trident: The company granted a patent for a soft-profiled terry fabric with an improved loop configuration.

Sequent Scientific: The company proposed the sale of land measuring 7,481 square metres for Rs 7.82 crore.

Balmer Lawrie: The company will establish a 200 kilo liters per day first-generation grain-based ethanol plant in Andhra Pradesh.

IRCTC: The company signed a Memorandum of Understanding with the Uttarakhand government to operate tourist trains in the state.

Dynamatic Technologies: The company was awarded a large order from Europe-based multinational company Airbus to manufacture and assemble doors for Airbus’ A220 family of aircraft.

Source: Moneycontrol, Bloomberg Quint, Investing 

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Kiran Tahlani, Elite Wealth Limited, kirantahlani@elitestock.com

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