#MarketsWithETNOW | LIC policyholders may get 5% discount to issue price in upcoming IPO, sources tell ankurmishrasays.
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#Sugar on Fire

Ugar Sugar Works 20% up
Uttam Sugar 13% up
Mawana Sugars 12% up
Rana Sugars 9% up
Shree Renuka 9% up
Balrampur 3.50% Up
EID-Parry 3.50% up
Dalmia Bharat 3.50% Up
Kakatiya Sugar 7% Up
Magadh Sugar 13% Up
KM Sugar 7% Up
Avadh Sugar 1.3% Up

Biocon Pharma gets US FDA approval for its ANDA for Posaconazole Delayed-Release tablets

This product is indicated for use in the prevention of certain fungal infections in patients with severely weakened immune systems and is available in 100mg strength

🔹 *Eyes 👀 on today*

• RBI Says Auction of India Govt Securities for Feb. 11 Canceled
• India top court to hear Amazon plea on arbitration halt Feb. 8
• India to Refund Taxes to Cairn, Vodafone by March, Official Says
• BSE to consider free share issue at Feb. 8 board meet
• Palm Oil Retreats From Record With Indonesia’s Supply in Focus
• Apollo to Invest $125m in India’s Hero FinCorp
• India Says Benchmark Used to Price Diesel Jumped 33% in 2 Months
• Peripheral Spreads Blow Out; Equity Gains Reverse: Macro Squawk
• India Stocks Plunge on Foreign Selling; Monetary Policy in Focus
• Foreign Investors Sell Net INR51.5B of Indian Equities on Feb. 4
• Global Funds Sell Net 11.6B Rupees of India Stocks Monday: NSE
• Cogent E- Services Seeks India Sebi Approval for IPO
• India seeks comments on Draft International Financial Services Centres Authority Rules
• Brazilian Fertilizer Price Surge Shaken by Geopolitical Tensions
• Castrol India (CSTRL): 4Q Net Income Misses Estimates
• GlaxoSmithKline Pharma (GLXO): 3Q Net Income 1.5B Rupees, Misses Est. 1.64B
• Hindalco (HNDL): Novelis 3Q Net Income rises to $262m from $176m year ago
• Hindustan Zinc (HZ): India Drops Plea Against Hindustan Zinc Probe Ordered by Court
• National Aluminium (NACL): 3Q Net Income 8.31B Rupees Vs. 2.4B Rupees Y/y
• TVS Motor (TVSL): 3Q Net Income 2.88B Rupees, Beats Est. 2.53B

*REASON BEHIND Yesterday MARKET FALL*

Ukraine Russia tension
Bonds yields hikes
Crude oil demand increases
Indo China News
May be RBI Rate Hike hint
And
Might be UP election pressure

🇮🇳 *India Daybook*

🔹 *Stocks in News*


*NALCO:* Net profit at Rs 830.6 cr vs Rs 239.7 cr, Revenue at Rs 3,773.2 cr vs Rs 2,378.7 cr YoY (Positive)

*Castrol:* Revenue up 39.9% at Rs 4,192.1 cr Vs Rs 2,996.9 crNet profit up 30.1% at Rs 758.1 cr Vs Rs 582.9 cr (YoY) (Positive)

*TVS Motors:* Net profit at Rs 228.3 crore against poll of Rs272.0 crore, while revenues stood at Rs 5706.0 crore as compared to poll of Rs 5456.0 crore (Positive)

*Biocon* Pharma gets US FDA approval for its ANDA for Posaconazole Delayed-Release tablets (Positive)

*Hero Motocorp:* Hero FinCorp today said it has raised $267 m of growth capital from Apollo Global Management, Hero MotoCorp, and others. (Positive)

*Paisalo Digital:* Net profit at Rs 26 crore against Rs 22.2 crore, revenue rose to Rs 101.4 crore from Rs 86.4 crore YoY (Positive)

*MM Forgings:* Net profit at Rs 29.4 crore against Rs 15.6 crore, while revenue rose to Rs 293.1 crore from Rs 223 crore YoY. (Positive)

*Jindal Stainless:* Net profit at Rs 371.8 crore against Rs 151.6 crore, and revenue climbed to Rs 5,368.4 crore from Rs 3,451.9 crore YoY. (Positive)

*Eros International:* Quant Capital Holdings acquired 10,58,045 equity shares in the company at Rs 25.15 per share on the NSE. (Positive)

*Yes Bank:* Global private equity firm Advent International is conducting due diligence to invest up to $1 billion worth equity capital in Yes Bank. (Positive)

*Tata Power:* Company in advanced talks to raise $600-700 million for its renewable energy biz (Positive)

*BSE:* Company to consider free share issue at Feb. 8 board meet (Positive)

*Hindustan Zinc:* India Drops Plea Against Hindustan Zinc Probe Ordered by Court. (Positive)

*Hindalco:* Novelis 3Q Net Income rises to $262m from $176m year ago. (Positive)

*JM Financials:* Net profit up 4.2% at Rs 260.7 cr Vs Rs 250.1 cr, NII up 10.2% at Rs 668.5 cr Vs Rs 606.6 cr (YoY) (Neutral)

*SH Kelkar: Net profit at Rs 32.4 crore against Rs 35.4 crore, revenue rose to Rs 399.0 crore from Rs 378.0 crore YoY. (Neutral)

*TTK Prestige* invests Rs 20 cr in Ultrafresh Modular Solutions via primary and secondary acquisition of shares (Neutral)

*GlaxoSmithKline:* 3Q Net Income 1.5B Rupees, Misses Est. 1.64B (Neutral)

*Vishwaraj Sugar:* Investor Siddappa Veerappa Hagaragi sold 10.7 lakh shares in the company at Rs 21.55 per share on the NSE. (Negative)

Many companies within the Tata Group today in particular are taking a beating:

1. Tata Power - 5.5% down
2. Tata Motors - 2.15% down
3. Tata Chemicals - 2.12% down
4. Tata Consumer - 1% down
5. Tata Metaliks - 1.22% down
6. TCS - 1% down
7. Tata Steel BSL - 1.22% down
8. Tata Steel - Corrected 2% from day high
9. Tata Coffee - Corrected 1.14% from day high

Tata Steel Short term only