Stocks to Watch Today, Feb 9: SBI, Tata Steel, MRF, IDBI Bank in Focus
Markets eye SBI, Tata Steel, MRF, IDBI Bank and more amid Q3 earnings, strategic updates and India–US trade-linked stocks in focus.
Global Events
World Markets.
US Market Positive
Dow UP 107 (+0.21)
NASDAQ UP 507 (+2.25%), S&P UP 134 (+1.97)
European MarketPositive
FTSE UP 61 (+0.58%), CAC UP 36 (+0.43%),
DAX UP 230 (+0.93%)
Asian Markets Positive
Nikkei UP 2514 (+4.63%), Hang S. UP 442 (+1.66%),
Taiwan UP 758 (+2.38%), Kospi UP 215 (+4.17%), Shanghai UP 49 (+1.20%),
St.T UP 46 Points (+0.93%)
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GIFT Nifty UP 218 Points (25,915)
DOW Future UP 78 Points
NASDAQ Futures UP 56 Points
Brent Crude Down 0.92% and near at 68/bbl
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US, Europe and Asian all markets in GREEN ZONE
Brent Crude Slide 1% and at 67.61 $ per barrel
Nikki UP 5% (2500 points), Korea 4.5% (200 points)
Taiwan 2% (700 points), Hang Seng 1.5% (400 points)
US Bnd slightly UP and at 4.22, Dollar Index Fall from 97.68 to 97.44
Dow at 1200 points Nasdaq UP 500 points
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Japan’s ruling Liberal Democratic Party (LDP) won an outright majority in Sunday’s lower house election, opening the door to more fiscal stimulus by PM Sanae Takaichi. The coalition led by Takaichi’s LDP has won 352 of 465 seats in Japan's House of Representatives, figures collated by public broadcaster NHK suggest, with the LDP alone securing a majority of 316. Takaichi’s vow to accelerate talks on cutting the sales tax on food raises concerns over how Japan will pay for her plans to ramp up defense and other spending. This, in turn, exerts some selling pressure on the JPY and creates a tailwind for the pair.
Finance Minister Satsuki Katayama said on Sunday that she will communicate with markets on Monday if needed, following a historic election win for Takaichi. Katayama reiterated that she was keeping in close contact with US Treasury Secretary Scott Bessent to maintain stability in the pair movement.
Concerns about a possible conflict in the Middle East eased after the US and Iran finished a round of talks on Friday.
Traders will closely monitor the delayed release of the US employment report for January, which is due on Wednesday. The US economy is expected to see 70,000 jobs added in January, while the Unemployment Rate is projected to remain unchanged at 4.4% during the same period.
The People's Bank of China (PBOC) extended its gold buying reserve for a 15th consecutive month in January. The Chinese central bank’s gold holdings rose to 74.19 million fine troy ounces by the end of January, up from 74.15 million the previous month.
Foreign outflows from India will reverse only when potential gains for India from its trade pact with the US become clear.
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All Eyes On....
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Domestic Events
Dollar Index Down 0.02 at 98
Rupees Down 0.31 paisa to close at 90.66 against US$
Sector Watch
Pharma, Dairy, PSU Bank, Auto Equipment, Tea-Coffee, Gold Finance, Power, OMCS, Gems & Jewel, Textile, Tyre, Realty
Sector Avoid
IT, Oil & Gas, Cement, Insurance
Indian Markets Trend
With gapup start, Sharp rally may seen in near term today
Nifty-50 likley to cross 26150 and Sensex 84,200 level
Overall markets to remain outperform with positive undertone
Result related and small-mid cap stocks to remain in action
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ALL EYES ON...
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Primary Markets
Mainboard IPO Fractral Analytics IPO Opens today price Rs. 857 to 900
AYE finance IPO opens today price Rs. 122 to 129 (F.V. Rs. 2)
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Listing Today...
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Q3 FY25 Results
Zyuds Life, Amber Ent., BSE, Aurobindo Pharma
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