The Economic Times

Citi has maintained a Buy rating on Shree Cement with a revised target price of Rs 31,650, down from Rs 33,000.

As many as 21 Nifty500 stocks closed above their 200-day moving average on February 9, 2026. From this universe, 11 stocks advanced more than 3%, signalling a potential positive breakout. Trading above the 200 DMA is widely seen as confirmation of a broader long-term uptrend.

As pivotal economic data approaches, the U.S. dollar is slipping yet the Japanese yen maintains its strength following Prime Minister Sanae Takaichi's recent electoral success. Meanwhile, the British pound remains resilient despite facing political headwinds and speculations surrounding potential interest rate reductions. Investors are closely monitoring forthcoming employment and inflation statistics in the U.S.

On Tuesday, oil prices experienced a minor downturn as traders weigh the impact of potential supply disruptions. Tensions in the Strait of Hormuz, underscored by U.S. navigational advice to ships, contribute to market uncertainty with Iran. This vital shipping route plays a key role in global oil distribution.

On Tuesday, both gold and silver experienced a pullback after a recent upward trend. The strengthening U.S. dollar has made these precious metals more expensive for international buyers. With eyes now fixed on impending U.S. jobs and inflation figures, investors are eager for hints about the Federal Reserve's stance on interest rates.

On Monday, Indian markets kicked off on a high note, with technology stocks rebounding from last week's AI-related downturn, giving a lift to both the Nasdaq and S&P 500 indices. The Dow Jones Industrial Average also saw an uptick. Investors are cautiously eyeing the upcoming economic data that may shed light on the Federal Reserve's future interest rate stance.

Indian equity markets opened higher on Monday, buoyed by an interim India-US trade deal framework. Analysts suggest a gradual recovery and consolidation phase, with global factors, currency, and foreign fund flows dictating the near-term direction. The RSI shows a bullish trend, indicating potential upward movement.

Markets rallied on Monday, buoyed by global optimism and a potential India-US trade framework, with analysts eyeing a Nifty retest of 26,000. Several companies, including Titan and BSE, are in focus due to Q3 results and significant corporate developments. Adani Energy secured financing for a green energy transmission project, while Marico made a strategic investment in a Vietnamese skincare entity.

Asian markets surged to record highs Tuesday, mirroring a US tech stock rebound. Investors are now focused on upcoming US jobs and inflation reports. These crucial economic indicators will likely influence the Federal Reserve's interest rate decisions. Alphabet Inc. is also raising significant funds through a bond offering, signaling continued tech sector investment.

Sebi proposes to slash the minimum investment in social impact funds to 1,000 from 2 lakh, aiming to attract small investors and align with ZCZP instrument norms. The regulator also suggests extending NPO registration to three years and reducing ZCZP issuance subscription to 50% for certain projects.

Fractal Analytics is set to raise significant funds through its IPO. The company plans to use the proceeds for debt repayment and business expansion. While its revenue has grown and it turned profitable, investors should note the high valuation and dynamic AI market. The promoter stake will decrease post-listing. This IPO is for those with a higher risk tolerance.

Gold jewellers stocks saw significant gains on Monday. This rally was driven by a US-India trade deal that reduced tariffs on jewellery exports. Strong financial results from companies like Kalyan Jewellers and P N Gadgil also boosted investor confidence. Demand from the wedding season is expected to continue this positive trend into the next quarter.

State Bank of India shares surged over 7%, marking its biggest single-day gain in 19 months following stronger-than-expected December quarter results. Analysts cited robust loan growth and outperformance against peers, leading to price target upgrades and bullish derivative positions, suggesting further upside potential.

Gold and silver ETFs rebounded strongly on Monday, recovering from significant losses incurred last week. Despite market volatility, wedding-related demand persists, with consumers in smaller cities accelerating purchases to hedge against future price increases. Long-term investors continue to favor gold for its consistent returns.

Americans are feeling more optimistic about inflation and job prospects. A Federal Reserve report shows less worry about prices rising soon. People also feel more secure in their jobs and expect it to be easier to find new ones. This positive shift is good news for the Federal Reserve as they manage the economy.

Investor Mukul Agrawal bought 20 lakh shares each in Tracxn Technologies and Laxmi India Finance via bulk deals. The purchases triggered sharp stock gains despite both smallcaps remaining steeply below recent highs and IPO or yearly levels for investors now.

Indian markets extended gains as Nifty and Sensex rose for a second session, led by financials, auto and consumer stocks. Nifty crossed 25,800, reclaimed key averages and signalled bullish momentum, with analysts eyeing 26,00026,200 while support holds near 25,650 zone.

Sebi on Monday proposed a sharp reduction in the minimum investment required from individual investors in social impact funds to Rs 1,000 from the existing Rs 2 lakh, in a move aimed at widening retail participation and easing fundraising for not-for-profit organisations (NPOs) on the Social Stock Exchange (SSE).

Eli Lilly will buy Orna Therapeutics for up to $2.4 billion in cash, gaining access to a technology that allows patients' own cells to generate therapies inside the body, without the need to extract them.

Britain's financial regulator wants to publish all trading data for London-listed shares in a bid to tackle the under-reporting of market liquidity that has driven some companies to shift their listing to the United States, the watchdog said on Monday.

Alphabet is looking to raise about $15 billion from a U.S. high-grade dollar bond sale, Bloomberg News reported on Monday, citing people with knowledge of the matter.

Muthoot Microfin reported a sharp Q3 turnaround, with net profit jumping over sixteenfold to Rs 62.4 crore as provisions and credit costs fell. Asset quality improved, margins inched up, while loan growth remained steady amid sector recovery in India markets.

Consumer goods company Marico is expanding its international presence. It has acquired a 75% stake in Vietnamese direct-to-consumer beauty firm Skinetiq. This move strengthens Marico's premium beauty portfolio and D2C strategy abroad. Vietnam is a key market for Marico due to its economic growth and evolving beauty sector. The company also recently acquired Indian plant-based protein brand Cosmix.

Zydus Lifesciences posted strong Q3 results with revenue up 30% to Rs 6,864.5 crore, driven by consumer wellness and overseas markets. Profit growth was muted by one-time costs, while EBITDA rose 31%, reflecting scalable operations and demand across geographies.

Nifty closed higher for a second session as broad-based buying lifted financials, auto and consumer stocks. The index crossed 25,700, reclaimed key averages, and shows bullish momentum, with analysts eyeing 26,00026,200 while support holds near 25,650 in the short term.

Wall Street's main indexes opened lower on Monday after a week when AI disruption concerns caused technology stocks to tumble, while investors awaited crucial economic data for insight into the U.S. Federal Reserve's interest-rate path.

BSE Q3 Results: BSE reported a 174% jump in its December quarter consolidated net profit at Rs 602 crore compared to Rs 220 crore reported in the year ago period. The profit after tax (PAT) is attributable to the shareholders of the holding company.

Sensex surged 485 points to 84,065, lifting market sentiment as six BSE 100 stocks touched fresh 52-week highs. Strong earnings, bullish broker calls and sustained momentum supported gains in SBI, Tata Steel and other heavyweights.

Bajaj Electricals Ltd on Monday reported a consolidated net loss of Rs 34.10 crore for the September quarter of FY26 due to contraction in gross margin and impact from new labour codes.

Benchmark indices closed higher for a second session as broad-based buying lifted financials. Stocks like SBI, Shipping Corporation and Kalyan Jewellers moved sharply on earnings and corporate developments news.

Indian towel and bedsheet maker Trident reported a 44% profit fall in the third quarter due to a U.S. tariff-induced export slowdown. Revenue dropped 6%, with bedsheet sales declining by a third. The company is establishing a domestic subsidiary to boost overseas sales, particularly in the United States, following recent trade deal developments.

This can indicate financial stress or the need for liquidity, as it suggests the promoters are using their shares to secure funding.

Religare Broking on Monday said it has appointed Vijay Kumar Goel as its managing director as the broking firm focuses on scaling its core broking business and expanding wealth product distribution offerings.

The Indian rupee closed a tad weaker on Monday, unable to benefit from a broadly weaker dollar in the face of corporate demand for the greenback over a trading session that was also marked by technical glitches.

The April gold futures were trading around Rs 1,57,490 on the MCX, down 18% from their peak of Rs 1,93,096. On the COMEX, the gold rate hovered around the $5,049.30 an ounce mark, gaining $70 or 1.40%, intraday.

Benchmark indices Nifty and Sensex kicked off the week on a strong footing, extending gains for a second straight session on Monday. The rally was led by PSU banks, metals and pharma stocks, with the PSU Bank index emerging as the top gainer, surging 3.34% during the session.

Domestic mutual funds continued gaining ground over FIIs in December 2025, narrowing the ownership gap to 5.50%. Record MF inflows, persistent SIP investments and declining foreign holdings signal a structural shift toward domestic institutional dominance.

State Bank of India reported its highest-ever quarterly net profit, surging nearly 25% year-on-year to 21,028 crore in the December quarter. This significant growth was boosted by one-time gains from SBI Mutual Fund dividends and foreign exchange benefits, alongside a 9% rise in net interest income.

European shares edged higher on Monday, tracking a rebound in global equities following a selloff last week, as investors also assessed earnings from Italian lender UniCredit and developments on the deals front.

The Republic of Congo on Monday announced a tender offer for its outstanding 9.875% amortising notes due in 2032, according to a notice on the London Stock Exchange.

Euro zone government bond yields were mixed on Monday as investors were cautious at the dawn of a week packed with U.S. data, with Japan's election outcome lingering in the background.

U.S. equity markets are set for a sharp rebound in IPOs in 2026, Goldman Sachs analysts said, forecasting proceeds quadrupling to a record $160 billion as marquee names such as SpaceX, OpenAI and Anthropic edge closer to public listings.

Indian markets are set for a strong showing in 2026. Extreme negativity has passed, and foreign investor selling is ending. The rupee is stabilizing. This creates opportunities across all market sizes. Pharmaceuticals and consumption themes are favored. IT companies may become AI enablers. India is positioned for outperformance as global markets face pressure.

Domestic institutional investors have emerged as the dominant force in the Nifty50, with holdings rising to 24.8% as of December 2025. FIIs reduced exposure amid Rs 1.6 lakh crore sales, while promoter stakes fell to a record low. DIIs gained across sectors and market caps, reshaping Indian equity ownership patterns.

Indian stock markets climbed on Monday, mirroring a global market rebound. The Nifty and broader indices traded higher, showing improved global sentiment and steady domestic participation. Experts suggest buying on dips, with Nifty support seen at 25,700 and targets around 26,000 to 26,100. The market shows a positive bias, though short-term volatility is expected due to overbought conditions.

Indias active demat accounts grew modestly in January 2026, reflecting cautious retail participation amid market volatility, with total accounts rising by about 3.02 lakh to 45.11 million. Groww led account additions, increasing its client base by around 3.53 lakh, which boosted its market share to 27.66%.

Titan is expected to deliver a strong Q3FY26 performance, supported by robust festive and wedding demand. Brokerages forecast nearly 29% year-on-year revenue growth and about 35% growth in profit after tax. While the jewellery segment remains the key growth driver, elevated gold prices and an unfavourable product mix are likely to exert pressure on margins.

The firm keeps Reliance as a top pick with an Overweight rating and an unchanged price target of Rs 1,803, implying 24% upside from the February 6 close of Rs 1,451.