08/02/26, The Wall Street major Morgan Stanley has said the country's hawkish macro environment after the pandemic is now easing, with stock markets set for a re-rating.

It sees the benchmark Sensex at 1,07,000 by this December in a bull case scenario, 95,000 in base case and 76,000 in a bear rally.

The Sensex is at 83,580 after a sharp fall of over 2% spooked by the record government borrowing of Rs 17.2 trillion and more than doubling of the taxes on futures and options to 0.05% from 0.02% earlier.

This bullish note comes after foreign funds ripped the market of $19 billion in 2025 and another $4 billion so far this year.

Reflation efforts by the Reserve Bank and the government through rate cuts (125 bps so far since last February), bank deregulation and liquidity infusion, sustaining capital expenditure, tax cuts and relatively stimulating budget are set to accelerate the growth cycle, Morgan Stanley's equity strategists Ridham Desai and Nayant Parekh said in a note Friday, adding they see a sharp turn in earnings growth over the coming months.

"The trade deals and thawing of relations with China add to the booster mix," they said, adding, "Dalal Street enjoys a rare combination of inexpensive relative valuations, poor trailing performance, strong policy stimulus and a consequent growth upcycle, an undervalued currency, weak foreign positioning and potentially a new buyback cycle."

They noted that equities posted the worst trailing 12-month performance in history in 2025. As a result, relative valuations are moving towards previous troughs.

"FPI positioning has weakened over the past four years and the country could be a pain trade, which may just accelerate the returns on stocks. Top this with an undervalued currency. We expect more buybacks as a result of improved taxation regime and modest net flows into stocks," they said.

Listing out the key four catalysts for strong growth, Morgan Stanley noted the strong growth of the economy despite the tariff pains, saying it is set to close the fiscal at 7.4%.

The brokerage admits it is ahead of the consensus view, but expects positive earnings revisions for Indian companies.

Another key catalyst is the RBI policy which is all growth supportive of liquidity and loan growth.

Another booster is the policy reforms, with several measures including privatization likely to get underway.

Report by The New Indian Express 

07/02/26, "Enam Securities" portfolio stocks "

 Elgi Equipments: The Zero-Debt Engineer Powering the Navy

Incorporated in 1960, Elgi Equipment Limited along with its subsidiaries, is in the business of manufacturing and supplying Air Compressors & Automotive Equipment.

With a market cap of Rs 15,386 cr, the Company is the 6th largest air compressor manufacturer globally and the 2nd largest in India.

Nemish Shah currently holds a 1.7% stake in the company worth Rs 262 cr. But what has made the company step into the spotlight after the budget is its stealth mode partnership with the Indian Navy. The company is on the cusp of what can be called a defence led surge.

Through ELGi Sauer Compressors Ltd, a JV with German giant JP Sauer & Sohn, the company has become indispensable to the Indian Navy. By indigenizing high-pressure compressors (up to 500 bar) at its new 50,000 sq. ft. facility, ELGi is securing the breath of naval divers and the spark for naval engines.

Recently, ELGi claimed a big win as it replaced Russian-made compressors on MCMVs (Mine Counter Measure Vessels). The Navy was struggling with the maintenance of complex Russian water-cooled systems. ELGi designed custom air-cooled high-pressure compressors that passed a rigorous one-year "No Confirmation No Commitment" (NCNC) trial before being fully adopted.

ELGi Sauer is one of the few entities in India capable of manufacturing compressors that operate at 500 bar pressure. These are critical for the latest generation of warships and submarines.

ELGi also recently inaugurated a 50,000 sq. ft. facility in Kallappalayam (Coimbatore) with an investment of ₹40 crore. This plant is specifically designed to manufacture High-Pressure Compressors for naval ship propulsion, Pressure Reducing Stations (essential for high-pressure distribution on ships) and Portable Breathing Air Compressors for naval divers and rescue operations.

The financials of the company have recorded steady and sustained growth, especially the profits.

FY	FY20	FY21	FY22	FY23	FY24	FY25	5-Year CAGR
Sales/Rs Cr	1,829	1,924	2,525	3,041	3,218	3,510	14%
EBITDA/Rs Cr	138	217	298	437	491	529	31%
Profits/Rs Cr	43	102	178	371	312	350	52%

The share price of Elgi Equipment was around Rs 168 in February 2021 and as on 6th February 2026 it was Rs 486, which is a 190% jump in 5 years.

The stock is currently trading at a PE of 40x, and the current industry PE is 38x.

ELGi compressors are also integrated into Armoured Recovery and Repair Vehicles (ARRV), providing the pneumatic power needed for field repairs of tanks and heavy artillery. In case of Aerospace, ELGi provides oil-free air for jet engine testing and cabin pressurization simulators, though this is a smaller segment compared to their Naval dominance.

Elgi also recently reported that a leading French defense equipment manufacturer switched to their compressors to achieve massive energy savings (over 322,000 kWh annually), signalling their ability to win international defense contracts based on green operational metrics.

LMW: Why The "Tejas" Connection Matters Now

Incorporated in 1962, Lakshmi Machine Works (LMW), is a leading Textile Machinery Manufacturer in India engaged in the manufacturing and selling of textile spinning machinery, CNC Machine Tools,

The company has a current market cap of Rs 16,953 cr and Nemish Shah holds an 8.7% stake in the company worth over Rs 1,450 cr, making it the biggest holding in his portfolio.

While the company has textile machinery division holding the largest revenue contributor title, its Advanced Technology Centre (ATC) where the future value is potentially being forged.

LMW is Tier-1 partner to Hindustan Aeronautics Limited (HAL) and supplies the critical air intake modules for the Tejas Light Combat Aircraft (LCA).

HAL has recently been tasked with producing 83 Tejas Mark 1A jets. Since HAL's internal capacity is capped at 8 jets per year, LMW is perfectly positioned to absorb the outsourced structural manufacturing, which HAL plans to increase.

The ATC is involved in manufacturing precision components for the Nirbhay Cruise Missile, a long-range, all-weather subsonic cruise missile. Plus, under India's Rafale deal, LMW is a beneficiary of the 50% offset clause, providing fuel tanks, pylons, and sub-assemblies for the French fighter jets.

The company's order book stands at over Rs 2,600 cr, out of which Rs 360 cr comes from ATC.

The financials of the company saw a big drop in FY25…

FY	FY20	FY21	FY22	FY23	FY24	FY25	5-Year CAGR
Sales/Rs Cr	1,574	1,727	3,171	4,719	4,696	3,012	14%
EBITDA/Rs Cr	11	71	247	450	435	142	66%
Profits/Rs Cr	28	45	181	384	374	103	27%

The sharp decline in FY25 was primarily driven by a deep cyclical slump in the Indian textile spinning sector, causing a 36% collapse in net sales and a 72.5% drop in net profit. With domestic mills operating at low capacity and delaying all capital expenditure, LMW's Textile Machinery Division (TMD) was forced to move to a 5-day working week as capacity utilization plummeted to sub-50%.

The share price of LMW was around Rs 6,150 in February 2021 and as on 6th February 2026 it was Rs 15,532 which is a 150% jump in 5 years.

The company's share is trading at a current PE of 137x which is much higher than the current industry median of 29x.

While one would say this is too high, many say that the market is pricing in the hidden aerospace value and not the textile part of the business. Plus, the company is virtually debt-free, holds over Rs 1,400 cr in cash, and is the only private Indian player with the technical capability to build structural modules for fighter jets at scale.

Efficiency & Resilience: LMW's Financial Moat

One of LMW's greatest strength is its Cash Conversion Cycle of just 21 days, while the industry median is around 158 days. Which means LMW can get cash back into its bank in just about a month, while peers take almost 6 months.

Priced for Perfection or Hidden Growth?

The transformation of Elgi Equipment and LMW hints at a structural shift where India's industrial veterans are going into strategic defense assets. By moving from simple machinery to mission-critical naval and aerospace systems, these companies have effectively decoupled their growth from the generic manufacturing cycle.

The valuation premiums and triple-digit share price jumps point towards the market pricing them for the future value. The impressive order books and near zero debt give a push to investor confidence, which is further strengthened by the backing of Nemish Shah.

Whether these firms can maintain their momentum amidst global tariff shifts and domestic textile volatility remains the critical question for the time to come. For now, the stealth mode has ended, and the market's view of India's manufacturing prowess has been fundamentally rewritten. Adding these stocks to a watchlist is a very smart idea.

07/02/26, Motilal & Oswal on Stocks

Stocks to buy for the long term: The Indian stock market benchmarks, the Sensex and the Nifty 50, ended with decent gains on Friday, February 6. On a weekly scale, both key indices rose by 1.5%, driven by a pro-growth Union Budget 2026, India-US trade deal, FII buying, and the RBI's upward revision of GDP forecasts, along with a steady inflation outlook.

After seven consecutive months of selloff, foreign institutional investors (FIIs) have turned buyers of Indian stocks in the cash segment. In February so far, FIIs have bought Indian stocks worth ₹2,645 crore in the cash segment.

While market sentiment is improving, persisting geopolitical risks and weak earnings remain key overhangs for the market.

Experts expect the domestic market to witness volatility in the near term. They suggest buying quality stocks on dips for the long term.

Nandish Shah, AVP- PCG Research and Advisory, (Fundamental) Wealth Management at Motilal Oswal Financial Services, recommends the following five stocks for the long term, anticipating 12-30% upside potential. Take a look:

Varun Beverages (VBL) | Previous close: ₹439.05 | Target price: ₹570 | Upside potential: 30%

Shah pointed out that the calendar year 2025 was a challenging year for VBL, despite capacity additions, due to weather-related demand disruptions.

However, going forward, Shah expects VBL to improve its earnings momentum, aided by a scale-up in the international market (mainly in South Africa), scale-up of the snacking business from 2026, backed by the operationalisation of Morocco and Zimbabwe, and an expanding product portfolio.

Further, VBL has completed significant capacity additions in the last two years (40-45% increase in capacity), which remained underutilised in 2025 (due to disruptions).

"We expect that with normal weather conditions and higher capacity, VBL can deliver healthy volume growth in the coming years," said Shah.

Bharat Electronics (BEL) | Previous close: ₹429.65 | Target price: ₹520 | Upside potential: 21%

BEL's prospect pipeline remains strong with clear visibility across both near-term base orders and large strategic programs.

Key near-term opportunities include LCA Mk-1A orders of nearly ₹24 billion, Shatrughat EW of nearly ₹30 billion, NGC orders of nearly ₹20-30 billion in FY26 (with the balance nearly ₹100-120 billion by the first half of FY27), and a few additional large programs of nearly ₹20 billion, providing strong support to FY26 order inflows.

"BEL expects export opportunities to expand gradually, aided by the evolving India-EU defence cooperation, which could open new markets and joint development avenues over time. The company is targeting exports to reach nearly 10% of revenues in the long term, up from the current low single-digit contribution," Shah noted.

Computer Age Management Services (CAMS) | Previous close: ₹722.40 | Target price: ₹840 | Upside potential: 16%

CAMS continues to dominate the mutual fund RTA segment with a high ROE profile and strong cash generation.

While near-term MF revenue growth had moderated due to price resets, profitability rebounded to new highs, with EBITDA and PAT scaling on the back of sustained market share, rising transaction intensity, and operating leverage.

Non-MF revenue expanded at a 26% CAGR over FY21-26, with estimates to reach nearly ₹2.2 billion+ by FY26, and contribution rising to 14.5% of total revenue (as of December 2025).

The management guides to double non-MF revenue over the next five years and target INR4b by FY29.

"We expect CAMS to deliver a CAGR of 11%, 11%, and 12% in revenue, EBITDA, and PAT, respectively, during FY25-28," said Shah.

Syrma SGS Technology | Previous close: ₹868.60 | Target price: ₹1,000 | Upside potential: 15%

Shah said Syrma SGS Technology continued its strong operating performance, with EBITDA up nearly two times year-on-year (YoY) in Q3FY26. EBITDA margin expanded 350bp YoY due to a favourable business mix and operating leverage.

The order book continued to improve to ₹64 billion as of December 2025 (up nearly 21% YoY and 10% QoQ).

Moreover, the management has revised its guidance upwards with more than ₹5 billion of EBITDA in FY26, with revenue guidance of nearly ₹1.6 billion in Q4FY26.

Further, the company has guided for a 30% growth in revenue and EBITDA for FY27 (with EBITDA margins of 10%).

"We believe that the company's long-term trajectory will continue to remain strong, backed by its focus on low-volume, high-margin business, an increase in exports, an increasing share of revenue in the industrial and automotive segments, a foray into bare PCB manufacturing through its JV, and inorganic expansion into new verticals, such as defence and solar inverters," said Shah.

UltraTech Cement | Previous close: ₹12,722 | Target price: ₹14,200 | Upside potential: 12%

UltraTech's management indicated a positive demand outlook, highlighting a multi-year infrastructure pipeline across all regions, led by roads, metros, railways, ports, airports and housing segments.

The cement company expects to operate at +90% capacity utilisation in Q4FY26. Further, it expects improvement in pricing, led by strong demand. Its phase IV expansion is on schedule and will be fully funded by internal accruals.

"It expects to achieve a net debt-to-EBITDA ratio of less than one time by FY26 end (versus 1.1 times as of December 2025 end). Integration of Kesoram and ICEM is progressing well, with a rapid brand transition. Cost improvement capex benefits are expected to reflect from Q4FY27," said Shah.

Source: Mint 

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of the expert, not Us. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

07/02/26, The Financial Express Report on Recommend Stocks by Brokerage Firms

The Indian markets surged by over 3% this week. While the Budget and the STT hike on F&O weighed on sentiment, Trump's announcement to cut tariffs on India kicked off a smart rally midweek.

Apart from that, the RBI rate decision, recent newsflow and the quarterly earnings impacted market movement.

This week, several top research houses, including Jefferies, Motilal Oswal, Nuvama Wealth Management, JM Financial, and Axis Securities, shared their latest recommendations, and we shortlisted 10 stocks across sectors.

Jefferies on Reliance Industries

Jefferies has reiterated a 'Buy' call on Reliance Industries. The brokerage has set a target price of Rs 1,820, implying an upside of about 27%.

As per the brokerage report, the stock has underperformed the Nifty index by nearly 7% year-to-date. This is largely due to weak performance in the retail business during the December 2025 quarter.

The brokerage pointed out that the current market price is factoring in an enterprise value of only about $40 billion for the retail and FMCG businesses combined, which it sees as overly pessimistic. This is significantly lower than earlier private equity valuations.

JM Financial on Devyani International

JM Financial has maintained a 'Buy' rating on Devyani International. The brokerage has set a target price of Rs 175 on the stock, which implies an upside of 42% from the current market price.

Devyani International is putting a new leadership team in place before the merger gets consummated, after which it will announce the new strategic roadmap. Given that the road to recovery could be a bit longer than expected, the brokerage has cut FY26-FY28 EBITDA estimates by 7-9%.

The brokerage believes management efforts are gradually starting to bear fruit, and benefits could accelerate once overall demand recovery sets in.

Motilal Oswal on Trent

Motilal Oswal has reiterated 'Buy' on Trent and kept the target price unchanged at Rs 5,200 per share. This implies nearly 30% upside from current levels. The brokerage house pointed out that "strong cost discipline, especially RFID-led manpower optimisation and variable cost structure, drove 90 bps expansion.

That said, Trent's growth rate has decelerated materially over the last few quarters due to weak like-for-like sales amid a subdued demand environment and self-cannibalisation of existing stores to gather higher revenue in select micro-markets.

Axis Securities on Bajaj Finance

Axis Securities maintained a 'Buy' call on Bajaj Finance. The expectations are that the company will continue its growth trajectory, reporting a consistent 24-25% CAGR AUM growth over the medium term, with growth resuming from FY27 onwards, with contribution from the core existing products and a further push from the scale-up of the new products

The brokerage sees a target price of Rs 1,200 on Bajaj Finance, an upside of 33% from the current market price.

JM Financial on Keystone Realtors

JM Financial maintained its 'Buy' rating on Keystone Realtors but lowered its target price to Rs 750 after moderating assumptions on operating cash flow margins. The revised target implies an upside of about 52%, based on the brokerage's calculations.

JM Financial said Keystone Realtors reported Q3FY26 pre-sales of Rs 840 crore, broadly flat year-on-year but up 8% sequentially, led by the Emerging Premium segment, which accounted for about one-third of total pre-sales. Collections remained muted during the quarter, but year-to-date collections rose 12% year-on-year to Rs 1,770 crore, supporting visibility on full-year guidance.

Nuvama on AWL Agribusiness

Nuvama has maintained a 'Buy' rating on AWL Agri Business with a target price of Rs 360, implying an upside of about 69% based on the price cited in the report.

According to Nuvama, "AWL Agri Business posted Q3FY26 revenue growth of 10.3% YoY, ahead of our/Street estimates led by strong growth in edible oil segment (volume/value grew 8%/12% YoY)." The brokerage noted that overall volumes rose 3% YoY, higher than its initial estimate.

Jefferies on ICICI Prudential Asset Management Company

Jefferies remains constructive on brokers, asset managers and exchanges, citing the steady shift of household savings into financial assets. Indian mutual fund assets under management have reached nearly $900 billion.

Jefferies has initiated coverage on ICICI Prudential Asset Management Company with a 'Buy' rating and a target price of Rs 3,800. This implies upside of 23%. The brokerage expects assets under management and earnings to grow at a healthy pace over the next few years.

Nuvama on Aditya Birla Lifestyle Brands

Nuvama has raised its target price on Aditya Birla Lifestyle Brands to Rs 179, indicating an upside of about 58%.

The brokerage said, "ABLBL reported 9.6% YoY revenue growth, driven by stable growth of 9% YoY in Lifestyle brands and strong 13% YoY growth in emerging brands." Wholesale revenue rose 21% YoY, supported by strong secondary sales.

Nuvama said management has resumed store expansion and guided for higher capital spending. "Management has guided for capex of Rs 33 crore in FY26 and plans to add 150 EBOs," the report stated, with a longer-term goal of 12-15% revenue CAGR.

JM Financial on Emcure Pharmaceuticals

JM Financial raised the target price on Emcure Pharmaceuticals to Rs 1,932 from Rs 1,695. The new price target sees potential of 28.3% upside in the next 12 months. The target price was raised after the company delivered strong Q3FY26 results.

Its Q3 revenue rose 20% YoY while profits jumped 50% YoY. Growth was driven mainly by the international segments. The segment grew 25% YoY, led by strong performance in Europe and emerging markets, while Canada grew at a slower 13%.

Axis Securities on HDFC Bank

Axis Securities has maintained its Buy rating on HDFC Bank, with a target price of Rs 1,190, which means it sees the stock to rise 30% in the coming 12 months.
HDFC Bank has been consistently performing on its guidance in its endeavour to revert to its pre-merger levels across metrics, and its execution capabilities remain strong. India's largest private lender will take constructive steps to strengthen its retail-focused deposit franchise with an emphasis on mobilising CASA Deposits.

07/02/26, SILVER mercantile news

 Silver the precious white metal opened with a large downside gap during the early morning session of the Asian markets on Friday.

The COMEX silver rate opened on Friday with a big downside gap and touched an intraday low of $63.900/oz within a few minutes of the Opening Bell on Friday. Following the weak global trends, the MCX silver rate also opened weak and touched an intraday low of ₹2,29,187 per kg during the morning session. However, the precious white metal witnessed value buying at lower levels and started paring early-morning gains in both domestic and international markets. Ahead of the market close, the silver price in India turned green, hitting an intraday high of ₹2,48,897 per kg. The COMEX silver rate also turned green for a while, hitting an intraday high of $76.925/oz.

According to market experts, the silver price today has topped out its one-year rally, and the recent rebounds from the lows are nothing but a dead-cat bounce. They said that in such rebounds, the white metal would make a new low but wouldn't break the recent highs. And slowly but steadily, its gap with the record high will keep on increasing.

Why is silver rate today under pressure?

On reasons that are dragging the silver price today, Anuj Gupta, a SEBI-registered market expert, said, "The recent fall in the MCX and COMEX silver rates can be attributed to two major reasons - ease in the US-Iran tension and rise in the US Dollar against major global currencies. After Iran and the US agreed to initiate nuclear talks, the US Dollar began gaining ground in the foreign exchange market. After the easing in the US-Iran tension, the safe-haven demand for gold and silver also went down, which triggered profit-booking in the precious metals."

Anuj Gupta said that the rise in gold and silver prices ahead of the market close on Friday can be attributed to profit-booking in the US Dollar. However, the US Dollar index is still around 97.50, after coming close to 96 last week.

Silver price today: Flaw in the bulls' conviction

Dubbing the recent rebounds in the silver prices as a mere dead-cat bounce, Amit Goel, Chief Global Strategist at PACE 360, said, "Rally in the silver prices has topped out, and the precious white metal is going to witness a sharp correction with such a dead-cat bounce. In these bouncebacks from the lows, the white metal would make a new low without breaking above the recent highs."

On reasons for being bearish on silver despite a stellar return in January 2026, Amit Goel of PACE 360 said, "Those who still believe in demand-supply constraint to pull back silver prices to a new peak need to understand that an industry can digest a raw material until it is economically viable for the survival of its business. Otherwise, it would start looking for an alternative. Amid skyrocketing silver prices, some industrial demand for silver has already been jeopardised, as photovoltaic cells and the solar industry have successfully moved from silver to copper. For solid-state batteries, too, efforts are underway to transition from silver-coil binding to copper-coil binding."

The PACE 360 expert said that some companies in Israel, Taiwan, Australia, and China are actively seeking to replace silver with copper in solid-state batteries.

Lessons from history

Suggesting silver investors look down the memory lane, Anuj Gupta said, "Silver price has a history of crashing heavily after a strong bull trend. We saw this happen in 1980, when the Hunt Brothers reportedly accumulated around one-third of the global silver reserves. This forced exchanges to increase margins, which has already begun as CME (Chicago Mercantile Exchange) has raised margins twice in the last two months. This triggered short covering amid the liquidity squeeze, and silver prices fell from around $49.50 to around $11 per ounce. The same thing happened in 2011 when silver rates fell 75% after peaking at near $48 per ounce levels."

How much can silver prices crash from the peak?

Asked about how much silver prices may fall after the recent rally, Amit Goel of PACE 360 said, "Silver prices may crash around 75% to 80% from the peak of $121/oz levels. However, the fall won't be one-sided as we witnessed in the silver price rally. The white metal would continue to show resilience against the selling as we witnessed on Tuesday and Wednesday last week. To some extent, Friday's rebound can also be counted as a dead-cat bounce. If someone has noticed, in Tuesday's rebound, the COMEX silver rate was in $70 to $95 per ounce range. The white metal failed to break above $95 but slipped below the crucial support of $70 and made a new recent low near $63.oz levels."

The PACE 360 expert said that silver prices are expected to come in between $25/oz to $30/oz in the next two years.

source: Mint

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not us.  We advise investors to check with certified experts before making any investment decisions.

07/02/26, A big bird flu alert has gone up after about 1,500 crows were found dead in Chennai. The number of deaths due to bird flu has worried people and health officials.

 Lab tests were conducted which showed that these birds died because of the H5N1 bird flu virus.

This virus is a type of avian influenza that affects birds, however, it can sometimes infect humans too.

Bird Flu Confirmed as H5N1

In the last few days, dead crows were spotted in places like Adyar, Gandhi Nagar, Pallikaranai, Velachery, Thiruvanmiyur, the East Coast Road and Old Mahabalipuram Road (OMR) in Chennai. People were shocked to see so many birds lying on the ground.

Officials rushed samples to the lab. Later, tests confirmed H5N1 bird flu, which is known to spread among birds very fast.

Bird Flu: Health Advisory Issued

Health authorities quickly issued warnings to the public and tried to calm fears. The Tamil Nadu Directorate of Public Health and Preventive Medicine put out a health advisory. "Transmission from birds to humans is extremely rare," said Dr. A. Somasundaram, the director of public health.

He explained that people generally only get sick if they touch infected bird carcasses and then touch their eyes or mouth. He said, "There are not many such cases reported historically and there is no need to panic."

Bird Flu Symptoms to Watch For

The advisory also asked people to watch themselves closely. It said if anyone felt sick with fever, cough, cold, sore throat, or body pain, they should see a doctor right away as it could be a symptom of bird flu. Poultry workers, people who handle birds, and those who touch dead birds were told to be extra careful.

Officials advised everyone to keep strict personal hygiene, report any unusual bird deaths, and avoid undercooked meat or raw eggs. They also warned people not to spread misinformation or rumors online regarding bird flu.

The situation has put the city and state on high alert for bird flu. The government has asked local teams to watch closely for the disease, strengthen surveillance and launch control measures against bird flu. Chennai is not the only place affected there have also been reports of bird flu detected in other regions recently, which is a worrisome sign.

NewsX Report

07/02/26, On Thursday afternoon, February 5, 2026, a well-known businessman in Pune tragically lost his life in a shocking incident. Sunil Sadarangani is a 59-year-old entrepreneur and owner of the famous Multani Bakery in Solapur.

He jumped from a high-rise building in Pune and died. The horrifying moment was caught on camera and has shocked many people.

As per reports, the incident happened at around 4 pm on Vizapur Road at the Panas Apartment complex. Many residents heard noise and looked up. They saw Sadarangani walking on the 17th floor terrace of the building. A few people started recording video of him. Some neighbours tried to help, but everything suddenly turned tragic.

Sunil Sadarangani Rescue Attempt Failed

According to eyewitnesses, Sadarangani was first seen wandering near the edge of the 17th floor. The building's watchman was quickly informed. The watchman rushed upstairs and saw him. He then called an office worker who was present there. The two men went up and tried to talk with him.

They brought him down to the 10th floor to try to calm him. At that point, Sadarangani reportedly said, "My car keys are lost." Those who were trying to help did not know what he meant. Then, Sadarangani suddenly ran back upstairs. Shortly after, another resident came to the scene. However, by that time, Sadarangani had jumped from the building.

Reports say that police arrived soon after the incident was reported. They found Sadarangani lying on the ground with critical injuries. He was covered in blood. An ambulance took him to a nearby hospital. Despite efforts to save him, he died from his injuries. Police identified him through the number plate of his car parked near the building.

Police Probe Underway Regarding Sunil Sadarangani

Sunil Sadarangani had moved to Pune from Solapur a few years ago. Police sources said he had been under stress for the past few days, and this might have pushed him to take such a step. His family came to the hospital after they heard the news. Police are talking to family members to learn more about what triggered the incident.

The Civil Police Station has registered an official case, and the investigation has begun. Police are reviewing CCTV footage and talking to residents who were present. A large crowd gathered near the building after the news spread. Investigators are trying to figure out why Sadarangani returned to Pune from Solapur and what made him take his own life.

Disclaimer: (If you or someone you know is experiencing depression or going through a crisis, we urge you to reach out to suicide helpline numbers.)

Helplines

AASRA – 9820466726

Vandrevala Foundation for Mental Health – 9999666555

Parivarthan Counselling Helpline- 7676602602

Lifeline Foundation- 9088030303

Parivarthan Counselling Helpline- 7676602602

Report by News24

07/02/26, US Markets

 The Dow Jones Industrial Average crossed a historic threshold on Friday, passing the 50,000 point mark for the first time in its history.

Stocks surged throughout the day, escalating 1,101 points and pushing the Dow over the mark for the first time. Major tech and semiconductor companies saw some of the largest advances, indicating that  investors  in the 30 companies tracked by the index, and other major corporations, have confidence that they will fare well in the current economy.

It comes after weeks of steady gains on the index, driven in large part by AI and other tech investments. American semiconductor manufacturer Micron's stock price has increased approximately 18 percent year to date, and that is after it enjoyed a 240 percent price increase over the entirety of 2025.

"Tech kind of took a pause at the back end of the year, but I don't think anyone questions that AI is a game-changing technology," Ross Mayfield, an investment strategist at Baird, told CNBC. "We're seeing the chip stocks lead. That's probably to be expected, but that cyclical rotation is still continuing."

Recent global developments, such as the uncertainty caused by President Donald Trump's tariffs introduced in April last year and the administration's aggressive foreign policy hasn't shaken investors.

"It's early in the year, but so far markets don't appear too concerned about the developments in South America," Brent Cantwell, U.S. investment analyst at online brokerage eToro., told USA TODAY last month.

The Dow hit the 50,000 mark in about half the time it took to cross the 40,000 mark. According to market data, it took the Dow approximately three and a half years - from November 2020 until May 2024 - to go from 30,000 to 40,000, but only an additional year-and-a-half to hit 50,000.

Before that, it took the index roughly four years to go from 20,000 in 2017 to 30,000 in 2020.

The march toward the 50k mark picked up at the end of 2025, when financial analysts began backing Amazon and its cloud technologies as a major untapped investment opportunity. That confidence helped push Amazon's stock price up by more than 2.9 percent, marking a significant contribution to the Dow's gains.

Tech companies, specifically those involved in storage and semiconductor manufacturing, marked significant gains early in January, driven, in part, by renewed confidence after Nvidia CEO Jensen Huang's presentation about forthcoming AI processors at the Consumers Electronic Show  in Las Vegas on January 5.

Amazon's inclusion in the Dow in 2024 - replacing Walgreens Boots Alliance - helped ignite the Dow's steady gains in the last two years, according to MarketMinute.

Amazon's performance, paired with AI enthusiasm and confidence in energy and financial sectors, then carried the index past 50,000. Predictions from financial analysts that the interest rate will likely be cut to 3 percent in 2026 also helped to motivate investors.

While the milestone is certainly exciting for those with significant investments in major companies, the gains won't necessarily mean much for regular Americans. Indirect benefits for those who don't own shares can include job opportunities and pension security.

Affordability is still a serious issue for many Americans, made worse by stubborn inflation, Trump's trade wars and skyrocketing health insurance costs due to the expiration of pandemic-era insurance subsidies.

After hitting the milestone, the Dow ended Friday on a high with at 50,115 points

source: The Independent 

courtesy: Dailyhunt

07/02/26, PostMarket REPORT

The benchmark indices SENSEX and NIFTY50 closed in the positive territory on Friday, February 6, tracking strong gains in FMCG stocks.

On Thursday, the foreign institutional investors (FIIs) sold stocks worth ₹2,150.51 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹1,129.82 crore on a net basis, according to exchange data.

The SENSEX rose as much as 687 points from the day's lowest level and the NIFTY50 index touched an intraday high of 25,703.95 after hitting a low of 25,491.90 earlier in the session.

SENSEX closed at 83,580.40, up by 266.47 points, or 0.32%, while the NIFTY50 index increased by 50.90 points, or 0.20%, to end at 25,693.70.

NIFTY50 top gainers and losers

The 50-share NIFTY index was bolstered by gains in ITC, which surged 5.21% to close at ₹327.70 apiece on the National Stock Exchange (NSE).

It was followed by Kotak Mahindra Bank (3.33%), Hindustan Unilever (2.83%), Bajaj Finance (1.79%) and Bharti Airtel (1.54%), which were also among the top gainers on Friday.

Shares of Bharti Airtel gained despite reporting a 55% YoY decline in its net profit to ₹6,630 crore in Q3FY26, from ₹14,781 crore in the same period. The profit fell due to a one-time incremental amount of ₹256.8 crore caused by the implementation of the New Labour Codes. It also added that the tax credit on the above exceptional item of ₹65 crore was included under tax expense. Furthermore, the drop in profit could also be attributed to a high base in the same period a year ago, when the company reported a net exceptional gain following the reclassification of Indus Towers from associate to subsidiary.

On a sequential basis, Bharti Airtel's profit declined 2.4% from ₹6,792 crore in the previous quarter. Its average revenue per user (ARPU), a key metric of profitability of a telecom company, improved to ₹259 per user per month from ₹245 in the year-ago period

On the flipside, the top losers included HDFC Life Insurance Company (-2.40%), Tech Mahindra (-1.83%), Tata Consultancy Services (-1.71%), SBI Life Insurance Company (-1.54%), and Tata Motors PV (-1.40%).

Shares of HDFC Life Insurance Company and SBI Life Insurance Company, along with the stocks of Tech Mahindra and Tata Motors PV, constituents of the NIFTY Auto index (-0.52%), declined as the RBI Governor announced that the Monetary Policy Committee (MPC) kept the repo rate unchanged. These stocks are rate-sensitive.

NIFTY Midcap 100 top gainers and losers

The NIFTY Midcap 100 index ended 0.02% or 14.40 points lower at 59,502.70 on Friday.

The midcap gauge was weighed down by selling in PB Fintech (-4.24%), Tata Technologies (-4.02%), Tata Elxsi (-3.71%), Coforge (-3.55%) and Tube Investments of India (-2.94%), which were among the top laggards of the index.

On the contrary, the top winners included Hitachi Energy India, which closed 13.81% higher as it posted a 90.3% YoY jump in profit after tax to ₹261.4 crore for Q3FY26, compared to ₹137.4 crore in the year-ago period.

Its revenue from operations climbed 28.51% to ₹2,082.21 crore in Q3 FY26, compared to ₹1,620.27 crore in the third quarter of the preceding 2024-25 financial year.

Godfrey Phillips India (9.69%), MRF (8.32%), FSN E-Commerce Ventures (7.17%) and Bharti Hexacom (4.18%) were among the other top winners.

NIFTY Smallcap 100 top gainers and losers

NSE's smallcap gauge, NIFTY Smallcap 100, settled at 16,938.65 (-0.27% or down 45.25 points).

Its top losers included BEML Ltd, which closed 6.68% lower as it posted a net loss of ₹22 crore.

It was followed by Aegis Vopak Terminals (-5.85%), Hindustan Copper (-4.79%), Aptus Value Housing Finance India (-4.31%) and PCBL Chemical (-3.62%).

On the other hand, Poonawalla Fincorp (7.55%), Data Patterns (7.19%), Mahanagar Gas (6.29%), Aster DM Healthcare (5.13%) and Amber Enterprises India (3.59%) were among the top gainers on February 6.

Report by Upstox 

06/02/26, Bharti Airtel Share Price Target:

Analysts at global brokerage Morgan Stanley have reiterated their 'overweight' rating on the second-largest telecom firm -- Bharti Airtel -- following the company's Q3 results.

They have expected a gain of more than 20 per cent, citing strong operational performance, improving cash flows and sustained momentum in India operations.

The brokerage said Airtel's EBITDA beat estimates, driven primarily by robust performance in the India business. It highlighted that India mobile subscriber additions exceeded expectations, supported by lower churn, indicating improving customer quality and retention trends.

Morgan Stanley also flagged strong traction in Airtel's homes (broadband and fixed-line) business, which delivered healthy user growth and EBITDA expansion, strengthening the company's diversified revenue profile.

On the financial side, the brokerage noted a sharp improvement in operating free cash flow -- aided by lower capital expenditure -- while net debt declined significantly, reflecting strong internal cash generation and a healthier balance sheet.

Q3 performance highlights

Bharti Airtel reported a sharp 55 per cent decline in consolidated net profit to Rs 6,630.5 crore for the quarter ended December 2025, compared with Rs 14,781.2 crore in the year-ago period.

However, the topline remained strong. The company's revenue from operations rose 19.6 per cent year-on-year to Rs 53,982 crore, up from Rs 45,129.3 crore in the corresponding quarter last year, reflecting sustained growth in core telecom and digital services.

Bharti Airtel Share Price Target

The brokerage has recommended buying the leading telecom stock for a target of Rs 2435, implying a gain of 22.23 per cent from Thursday's closing.

Telecom stock trades higher

The Bharti Airtel stock on Friday jumped more than 1 per cent to Rs 2018, hitting an intraday high in the morning session, on the BSE.

Bharti Airtel stock vs BSE Sensex: Past performance

Bharti Airtel's share price has seen mixed performance across timeframes, which reflected volatility in the short term but created wealth for investors in the long-term horizon.

Over the past month, the stock has declined by 4.89 per cent. However, the stock has gained by around 4 per cent over the last six months. On a longer horizon, the telecom stock has risen 23.68 per cent over the past year

Over a five-year period, Bharti Airtel shares have delivered exceptional returns of over 250 per cent.

Duration	Bharti Airtel (%)	Sensex (%)
1 Month	-4.89	-2.32
YTD	-5.07	-2.47
3 Months	-4.37	-0.27
6 Months	3.8	3.16
1 Year	23.68	6.44
2 Years	76.6	15.1
3 Years	153.74	37.32
5 Years	250.93	63.78
10 Years	623.51	237.52

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)

source: Economic Times

06/02/26, RBI Credit Policy meet

 RBI MPC Meeting Live Updates: RBI tweaks NBFC rules, removes VRR cap; finalises revised ECB norms

RBI Governor Sanjay Malhotra announced a set of regulatory moves aimed at easing compliance for low-risk entities, while tightening oversight where scale could amplify risk.

For NBFCs that do not access public funds and have no customer interface, the RBI is proposing to exempt them from the requirement of registration—a move that could reduce regulatory burden for entities with limited systemic or consumer impact.

At the same time, the RBI signalled closer scrutiny of rapid physical expansion. Malhotra said certain NBFCs will need prior approval to open more than 1,000 branches, indicating a higher supervisory bar for large footprint growth.

On foreign portfolio flows, the Governor said the RBI proposes to remove the Rs 2.5 lakh crore limit under the Voluntary Retention Route (VRR), effectively lifting the cap on investments through this route.

He also said the revised draft regulations on external commercial borrowings (ECB), which were issued earlier, have now been finalised.

06/02/26, Salem of Tamilnadu/Political News

Salem: In a setback to actor-politician Vijay's Tamilaga Vetri Kazhagam (TVK) ahead of the Assembly elections, the Salem City Police have rejected the party's petition seeking permission to hold a “Vijay Makkal Iyakkam” campaign meeting in the city.

The police cited non-compliance with the Tamil Nadu government's official guidelines for organizing public gatherings as the reason for the denial.

The rejection: Failure to follow protocol on crowd size and advance notice

The TVK's Central District Secretary, Tamilan Parthiban, along with other functionaries, had applied for permission to use the Thalamuthu Natarajan ground in Seelanaickenpatti for the public meeting. However, after inspecting the venue, the police returned the petition. Salem City Police Commissioner Anil Kumar Giri clarified that the application did not adhere to mandated protocols, such as applying 10 days in advance for an expected crowd of 5,000 and providing detailed arrangements if more attendees were anticipated.

He also emphasized the need for a Public Works Department certification on the venue's suitability for large gatherings.

With the petition officially rejected and returned, the planned campaign event in Salem is now expected to be delayed. The party will need to resubmit a fresh application in full compliance with the state's guidelines to secure permission for a future date.

Report by News9

06/02/26, Stock Turing Ex Date Today: Several ex-dividend stocks, demerger stock today, and companies executing other corporate actions are in focus, offering investors opportunities to receive dividends, stock splits, or other benefits.

The ex-date is the key date when a stock starts trading without the benefit of the announced dividend or corporate action. To be eligible for the dividend, investors must hold the stock before the ex-date.

On February 6, 2026, the total dividend payout across all companies turning ex-date is approximately Rs 138.50 per share. Accelya Solutions India Ltd offers the highest dividend of Rs 45.00, while Steelcast Ltd provides the lowest dividend of Rs 0.45.

Here's the FULL LIST of stocks turning ex date today:

Company Name	Purpose	Ex Date
Accelya Solutions India Ltd	Interim Dividend - Rs 45	06 Feb 2026
ACME Solar Holdings Ltd	Interim Dividend - Rs 0.2	06 Feb 2026
Amrutanjan Health Care Ltd	Interim Dividend - Rs 1	06 Feb 2026
B2B Software Technologies Ltd	Interim Dividend - Rs 1	06 Feb 2026
Clean Science and Technology Ltd	Interim Dividend - Rs 2	06 Feb 2026
Control Print Ltd	Interim Dividend - Rs 4	06 Feb 2026
Genus Power Infrastructures Ltd	Spin Off	06 Feb 2026
Housing & Urban Development Corporation Ltd	Interim Dividend - Rs 1.15	06 Feb 2026
Indus Infra Trust	Income Distribution (InvIT)	06 Feb 2026
Insecticides (India) Ltd	Interim Dividend - Rs 2	06 Feb 2026
Manappuram Finance Ltd	Interim Dividend - Rs 0.5	06 Feb 2026
Manba Finance Ltd	Interim Dividend - Rs 0.25	06 Feb 2026
National Aluminium Company Ltd	Interim Dividend - Rs 4.5	06 Feb 2026
Nestle India Ltd	Interim Dividend - Rs 7	06 Feb 2026
NTPC Ltd	Interim Dividend - Rs 2.75	06 Feb 2026
Omega Interactive Technologies Ltd	Stock Split From Rs 10/- to Rs 1/-	06 Feb 2026
Quess Corp Ltd	Interim Dividend - Rs 5	06 Feb 2026
REC Ltd	Interim Dividend - Rs 4.6	06 Feb 2026
Sharda Cropchem Ltd	Interim Dividend - Rs 6	06 Feb 2026
Shriram Pistons & Rings Ltd	Interim Dividend - Rs 5	06 Feb 2026
SIS Ltd	Interim Dividend - Rs 7	06 Feb 2026
SMC Global Securities Ltd	Interim Dividend - Rs 0.6	06 Feb 2026
Steelcast Ltd	Interim Dividend - Rs 0.45	06 Feb 2026
Sundaram Finance Ltd	Interim Dividend - Rs 16	06 Feb 2026
TCI Express Ltd	Interim Dividend - Rs 7	06 Feb 2026
Triveni Engineering & Industries Ltd	Interim Dividend - Rs 1.5	06 Feb 2026
Veedol Corporation Ltd	Interim Dividend - Rs 14	06 Feb 2026

Genus Power Infrastructures Ltd is undergoing a Demerger (Spin-off), Omega Interactive Technologies Ltd is executing a stock split, and Indus Infra Trust is declaring an income distribution

• A dividend is a portion of a company's profits paid to shareholders, usually in cash, as a reward for holding the stock. Interim dividends are announced and paid before the end of the financial year.

• A stock split increases the number of shares by reducing the face value, making the stock more affordable and improving liquidity. The company's overall market value remains unchanged.

• A spin-off (demerger)occurs when a company separates a business unit into a new, independent entity. Existing shareholders receive shares of the new company in proportion to their holdings.

What is an Ex-Date?

The ex-date is the day a stock starts trading without the benefit of a declared dividend, stock split, or spin-off. Investors must buy the stock before the ex-date to be eligible for the corporate action.

source: Economic Times 

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice)