Category: Corporate

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Corporate

Sensex rises 485 Points, Nifty crosses 25,850

The Indian stock market ended sharply higher on Monday, 9 February 2026, as positive global cues and optimism surrounding the India–US trade deal boosted investor sentiment. The BSE Sensex climbed 485 points, while the NSE Nifty 50 crossed 25,850, marking a robust start to the week for Dalal Street.

Market gains were broad-based, led by Titan, UltraTech Cement, and SBI, with strong buying in financial, metal, and realty stocks. Consumer and private banking shares also saw healthy inflows, while FMCG stocks slightly capped the rally. On the other hand, heavyweights like Infosys, HDFC Bank, and Reliance Industries slipped, partially offsetting the upside.

Among notable movers, Kalyan Jewellers surged 10% to hit the upper circuit after posting strong Q3 earnings, with brokerages projecting a potential 80% upside from current levels. Conversely, Power Finance Corporation (PFC) and REC shares fell up to 4% after PFC approved an in-principle merger with REC, in line with government plans to restructure major public sector NBFCs.

Global markets supported domestic sentiment, with S&P 500 futures up 0.1%, Japan’s Topix rising 2.4%, and Hong Kong’s Hang Seng climbing 1.3%. The rupee strengthened 21 paise to 90.44 against the US dollar, while gold prices in major cities remained stable, with 24-carat gold trading around ₹1,25,000 per 8 grams.

Overall, the day reflected investor confidence on trade optimism and strong global trends, with selective profit booking in IT, pharma, and auto sectors.

Also Read: Sensex up 300 points, Nifty near 25,800

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Corporate

Kalyan Jewellers jumps 10% after strong Q3 results

Shares of Kalyan Jewellers India Ltd surged on Monday, hitting the 10% upper circuit on the BSE after posting a robust third-quarter (Q3 FY26) performance. Investors cheered higher-than-expected profit and revenue, boosting market sentiment around jewellery retail stocks.

The company reported a net profit of ₹417 crore, nearly doubling year-on-year, while consolidated revenue rose 42% to ₹10,343 crore. Operating margins expanded, reflecting efficient cost management and better product mix. Strong festive sales and consistent demand across domestic and international markets drove the performance. Same-store sales growth also contributed to the earnings beat.

Brokerages have largely maintained buy ratings on Kalyan Jewellers after the results. Target prices indicate upside potential of up to 80% from current levels, citing continued demand, store expansions, and margin sustainability. Analysts noted that the company’s focus on premium offerings and operational efficiency is key to future growth.

The broader Indian markets also trended higher, with Sensex and Nifty 50 ending the day in positive territory, reinforcing investor confidence in strong earnings plays.

The combination of robust revenue growth, margin improvement, and a healthy profit surge positions Kalyan Jewellers as a stock attracting short-term and medium-term investor interest.

Also Read: India clarifies $500bn US import figure

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Corporate

SBI Q3 profit hits record, shares rise 7%

Shares of State Bank of India (SBI) surged nearly 7% on Monday, hitting a record high, after the country’s largest public sector lender posted its highest-ever quarterly profit for Q3 of FY26.

SBI reported a net profit of ₹21,277 crore for the October–December period, up 24.5% year-on-year from ₹17,073 crore in the same quarter last year. Analysts attributed the growth to strong net interest income, improved asset quality, and disciplined risk management.

The bank’s net interest income (NII), which reflects core lending performance, rose by 9% to ₹45,323 crore. Non-interest income, which includes fees and trading gains, also contributed positively, amounting to ₹12,000 crore, marking a healthy year-on-year increase.

SBI’s asset quality improved significantly, with gross non-performing assets (GNPA) declining to 3.12% from 3.35% in the previous quarter. Provisions for bad loans also decreased, allowing the bank to post stronger profitability.

On the loan growth front, SBI reported a 13% increase in advances, with broad-based growth across corporate, retail, and small-business segments. The bank’s management raised its loan growth guidance for FY26 to 13–15%, signaling confidence in sustained credit demand.

The strong results led brokerages including Jefferies, Morgan Stanley, and BofA Securities to upgrade SBI’s stock. Price targets were raised, with some suggesting a potential upside of up to 14% from current levels. Most analysts maintained a “Buy” or “Outperform” rating, citing strong earnings momentum and improved fundamentals.

Investors responded positively to the earnings announcement, driving the stock to its all-time high of ₹1,145 per share during the trading session.

Also Read: FPIs return, pump ₹8,100 cr into Indian stocks

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Corporate

FPIs return, pump ₹8,100 cr into Indian stocks

Foreign portfolio investors (FPIs) have returned to the Indian stock market as net buyers, pumping over ₹8,100 crore into equities in early February. This marks the first major inflow after three consecutive months of heavy selling, reflecting renewed optimism following a landmark India‑US trade deal and improving global risk sentiment.

Data from depositories shows FPIs invested around ₹8,129 crore up to 6 February. This is a sharp turnaround from the outflows seen over the past months, where investors withdrew ₹35,962 crore in January, ₹22,611 crore in December, and ₹3,765 crore in November. The selling spree had been driven by global uncertainties, currency volatility, and fears of trade restrictions, which dampened foreign investor confidence.

Analysts say the recent inflows are largely motivated by the interim India‑US trade agreement, which eased geopolitical concerns and boosted expectations for stronger export growth and corporate earnings. “The trade deal has removed some of the uncertainty around bilateral trade, encouraging FPIs to return to Indian equities,” noted a market strategist.

Apart from the trade deal, stabilising domestic and global conditions, a stronger rupee, and lower market volatility have contributed to improved investor sentiment. Positive policy measures and clearer regulatory frameworks have further reassured foreign investors about India’s growth trajectory.

Despite the encouraging inflows, experts caution that this may not signal a long-term reversal yet. “While early February’s data is positive, sustained foreign investment will depend on macroeconomic stability, corporate performance, and the broader global trade environment,” said an economist.

The return of FPIs is seen as a welcome support for the Indian stock market, which had been under pressure from prolonged foreign selling.

Also Read: India pledges $175 mn economic support for Seychelles

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Corporate

SpaceX puts Moon first, Mars to wait now

Elon Musk has once again reshaped the future of space travel, saying SpaceX will now focus on building a “self-growing city” on the Moon before sending humans to Mars. The decision marks a pause to Musk’s long-held dream of colonising the Red Planet.

In simple terms, Musk believes the Moon is the smarter place to start. It is closer to Earth, easier to reach, and allows SpaceX to move faster. A trip to the Moon takes just two days, and rockets can be launched every few weeks. Mars, on the other hand, is far away and only reachable during narrow windows that open once every 26 months. Each journey to Mars takes about six months, making mistakes costly and progress slow.

Musk says this difference matters. Being close to Earth means SpaceX can test new technology, fix problems quickly, and improve life-support systems through trial and error. That learning speed, he believes, could help build a sustainable lunar city within the next decade — a place that slowly grows as more people, machines and supplies arrive.

The idea of a “self-growing city” is not science fiction, Musk insists. He imagines small beginnings, basic shelters, power systems and supply chains, that expand over time. With frequent missions, the Moon could become a permanent home for humans, not just a research stop.

Importantly, Musk has made it clear that Mars is still the ultimate goal. He says serious work on a Martian city could begin in five to seven years. But first, SpaceX wants to reduce risks by learning how humans can live off Earth for long periods, starting closer to home.

The shift also fits well with global space plans. SpaceX is a key partner in NASA’s Artemis programme, which aims to return astronauts to the Moon later this decade. Starship, SpaceX’s next-generation rocket, is expected to carry people and cargo for these missions.

By learning to live there on the Moon , Musk believes humanity will be better prepared for the much harder journey to Mars. In his vision, the future of human life beyond Earth will begin not on a distant planet, but on the Moon just above us.

Also Read: Adani Energy wins Japanese funding for 6,000 MW link

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Corporate

Adani Energy wins Japanese funding for 6,000 MW link

Adani Energy Solutions Ltd has taken a major step in strengthening India’s clean energy backbone by securing long-term funding from Japanese banks for a 6,000 megawatt green energy transmission corridor. The project will help move renewable electricity from areas where it is generated in large quantities to regions where demand is high, making clean power more accessible and reliable for millions of people.

The corridor will run for nearly 950 kilometres, connecting Bhadla in Rajasthan, one of the country’s biggest solar power hubs, to Fatehpur in Uttar Pradesh. Once completed, it will carry electricity generated from solar and other renewable sources across northern India. The project is expected to be operational by 2029.

The financing has come from a group of well-known Japanese financial institutions, led by MUFG Bank and Sumitomo Mitsui Banking Corporation. Their participation reflects growing global confidence in India’s renewable energy plans and in Adani Energy Solutions’ ability to deliver large infrastructure projects. The funding has been structured as a green loan, meaning it meets international environmental and sustainability standards.

What makes this corridor special is the technology being used. The project will use advanced high-voltage direct current (HVDC) systems, which allow electricity to travel long distances with minimal loss. The equipment will be supplied by Hitachi Energy, while Bharat Heavy Electricals Limited (BHEL) will handle key execution work, supporting India’s push for local manufacturing under the “Make in India” programme.

For Adani Energy Solutions, the project is more than just a transmission line. It is part of a larger effort to build a strong, future-ready power network that can support India’s rapid shift to renewable energy. As more solar and wind power is added to the grid, efficient transmission systems like this corridor become critical.

Experts are of the opinion that the project will help stabilise the power grid, reduce dependence on fossil fuels, and ensure that clean energy generated in remote regions reaches homes, factories, and cities without interruption. It also strengthens economic and strategic ties between India and Japan in the clean energy space.

Also Read: Jeff D’Onofrio steps in as Washington Post Chief

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Sensex up 300 points, Nifty near 25,800

Equity benchmarks opened firmly on Monday as buying interest in heavyweight banking stocks lifted market sentiment. The BSE Sensex rose over 300 points, while the NSE Nifty 50 hovered near the 25,800 level in early trade, supported by positive global cues and steady domestic flows.

The rally was led by State Bank of India (SBI), which advanced sharply after reporting strong quarterly earnings and outlining a healthy growth outlook. The stock’s rise spilled over to the broader PSU banking space, with several public sector lenders posting solid gains. Other frontline financial stocks also traded higher, reflecting renewed confidence in the sector.
Outside banking, select infrastructure and metal stocks moved up on expectations of steady demand and supportive macro conditions, adding to the upward momentum in the indices.

On the flip side, IT stocks remained under pressure, as investors stayed cautious amid concerns over global demand and booked profits after recent gains. The auto sector also saw selling, with most major auto names trading lower as valuations prompted profit-taking. In addition, select pharma stocks slipped, contributing to the mixed tone in the broader market.

Overall market breadth was balanced, with advances in financials offset by weakness in IT, auto and pharma counters. The India VIX declined, indicating easing volatility, while the rupee traded marginally stronger against the US dollar.

Market participants said sentiment remains positive in the near term, but the Nifty’s move towards the 26,000 level will be closely watched, with global cues and ongoing corporate earnings likely to guide further direction.

Also Read: Mahindra to invest ₹15,000 cr in Maharashtra plant

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Mahindra to invest ₹15,000 cr in Maharashtra plant

Mahindra & Mahindra (M&M) is set to invest ₹15,000 crore to establish India’s largest integrated automobile and tractor manufacturing facility in Nagpur, Maharashtra. The announcement came at the Advantage Vidarbha investment summit, underlining the region’s growing importance as a hub for industrial development.

The new facility will span 1,500 acres, complemented by a 150‑acre supplier park in Chhatrapati Sambhajinagar (Aurangabad). The park will supply parts to the Nagpur plant and other Mahindra factories in Chakan and Nashik, boosting local supply chains and production efficiency.

Production at the Nagpur plant is expected to begin in 2028. Once operational, it will have the capacity to manufacture more than 5 lakh vehicles and 1 lakh tractors every year, making it the largest such integrated plant in the country.

The plant will be equipped to handle internal combustion engines, electric vehicles, and future mobility technologies, supporting Mahindra’s NU_IQ platform and other next-generation vehicle architectures.

In addition, Mahindra is acquiring over 2,000 acres across three locations in Maharashtra, including land in the Igatpuri-Nashik region, to expand engine production and other advanced manufacturing capabilities.

Officials highlight that the Nagpur location offers strong logistical advantages, with access to the Samruddhi Expressway and major rail links, facilitating the movement of vehicles and components across India and overseas markets.

The project is expected to generate substantial employment opportunities and contribute to the economic development of Vidarbha and nearby areas. Maharashtra’s government has welcomed the investment, describing it as a significant boost to the state’s industrial ecosystem.

This ₹15,000 crore investment is a major step in Mahindra’s long-term manufacturing strategy, reinforcing its commitment to India’s “Make in India for the World” initiative while positioning the company for growth in both domestic and international markets.

Also Read: Tata Steel Q3 profit soars to ₹2,700 cr on Dutch boost

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Dow Jones tops 50,000, hits historic milestone

The Dow Jones Industrial Average (DJIA) soared past 50,000 points for the first time on Friday, marking a historic achievement for the US stock market. The index closed at 50,115.67, up 1,206.95 points, or roughly 2.5%, reflecting strong gains across multiple sectors.

This milestone comes after a volatile week in which technology stocks faced heavy selling pressure, prompting some investors to shift their focus to broader market sectors. Analysts say the Dow’s diverse composition, covering industrials, finance, and consumer goods, helped it outperform tech-heavy indices like the Nasdaq.

Among the top contributors, Caterpillar stood out, surging over 7% after posting strong earnings, while Goldman Sachs and Nvidia also rose sharply. Caterpillar’s stock has gained about 27% so far this year, building on last year’s impressive 50% rise.

Investor sentiment has been boosted by expectations that the Federal Reserve may consider future interest rate cuts without disrupting economic growth. Economists note that the market’s broad-based rally signals renewed confidence in the economy, beyond just high-profile tech stocks.

Even as some analysts caution that volatility may continue, Friday’s surge reflects a wider participation in equities, with companies tied to industrial and consumer activity leading the gains. President Donald Trump celebrated the milestone, attributing it to pro-growth policies and a strong economic outlook.

While the Dow hit the historic mark, other major indices posted more modest gains. The S&P 500 and Nasdaq rose, but they remain closely tied to tech sector performance, which continues to experience ups and downs.

Breaking 50,000 points is more than a symbolic achievement. It highlights the resilience of US markets and the confidence of investors across sectors. Analysts say sustained gains will depend on corporate earnings, Fed policy, and global economic conditions, but Friday’s rally provides a boost to market morale and investor optimism.

Also Read: Alphabet breaks $400 bn revenue barrier in 2025

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Tata Steel Q3 profit soars to ₹2,700 cr on Dutch boost

Tata Steel reported a huge increase in its net profit for the third quarter (October–December 2025), reaching around ₹2,690–₹2,730 crore, up more than nine times from roughly ₹300 crore a year ago.

The company’s revenue grew about 6% year-on-year, reaching nearly ₹57,000 crore, helped by strong sales in India and higher steel deliveries. Domestic deliveries crossed 6 million tonnes, marking a record for the company.

A major reason for the profit surge was the turnaround at Tata Steel’s Netherlands unit, which moved from a loss last year to a healthy profit. However, the UK business continued to face challenges due to weak demand.

Tata Steel’s EBITDA rose nearly 39%, reaching over ₹8,300 crore, thanks to cost-cutting measures and better efficiency. The company saved around ₹3,000 crore in the quarter and ₹8,600 crore in the first nine months of the year.

Despite tough global steel markets, including competition from China and trade uncertainties, Tata Steel maintained strong performance. The company also reduced its net debt to about ₹81,834 crore, strengthening its financial position.

In India, while steel prices were slightly lower, higher production and deliveries kept profits steady. Overall, the results reflect robust domestic demand, improved margins, and operational efficiency across key units.

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