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The Hindu BusinessLine – Markets

The Hindu BusinessLine – Markets

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India equities/commodities/FX coverage; indices and macro.

Vedanta Aluminium Boosts Billet Production to 830,000 Tonnes per Annum
News•Feb 10, 2026

Vedanta Aluminium Boosts Billet Production to 830,000 Tonnes per Annum

Vedanta Aluminium has raised its Jharsuguda billet output to 830,000 tonnes per year, adding 250,000 tonnes of new capacity and a 120,000‑tonne Primary Foundry Alloy line. The upgrade uses advanced casting and homogenising technology from Wagstaff and Hertwich, cementing the plant among the world’s largest billet sites. The company now supplies over half of India’s domestic billet demand and plans to reach 1.25 million tonnes across its operations. The move supports high‑growth sectors such as infrastructure, renewable energy and automotive.

By The Hindu BusinessLine – Markets
Diversification Key as Broking Revenues Feel Policy Pinch, Says Crisil
News•Feb 10, 2026

Diversification Key as Broking Revenues Feel Policy Pinch, Says Crisil

Crisil’s latest report finds that broking firms with diversified revenue streams have weathered recent regulatory curbs and the budget‑proposed securities transaction tax (STT) hike better than pure‑play transaction brokers. An analysis of 25 firms across FY25 and H1 FY26 shows...

By The Hindu BusinessLine – Markets
Broker’s Call: BSE (Accumulate)
News•Feb 10, 2026

Broker’s Call: BSE (Accumulate)

Bombay Stock Exchange posted a stellar Q3 FY26, with profit after tax soaring 173% YoY to ₹600 crore, propelled by a 119% jump in options average daily turnover. Infrastructure expansion continues, with 500 colocation racks already live and an additional 80...

By The Hindu BusinessLine – Markets
Aarvee Engineering Consultants Gets SEBI Nod for IPO
News•Feb 10, 2026

Aarvee Engineering Consultants Gets SEBI Nod for IPO

Aarvee Engineering Consultants received SEBI approval to launch an IPO comprising a fresh equity issue of up to ₹202.5 crore and an offer‑for‑sale of 6.75 million promoter shares. The company plans to use the proceeds to repay roughly ₹76 crore of existing debt...

By The Hindu BusinessLine – Markets
Entellus Industries Bags ₹50 Crore in Funding to Scale Rare Earth Metals and Alloy Manufacturing
News•Feb 10, 2026

Entellus Industries Bags ₹50 Crore in Funding to Scale Rare Earth Metals and Alloy Manufacturing

Entellus Industries announced a ₹50 crore ($5.5 million) funding round led by ZeroW, adding to a prior $12 million raise from Social Capital. The capital will fund capital‑expenditure to launch sintered‑alloy production, targeting high‑stress automotive components such as engines and transmissions. The company...

By The Hindu BusinessLine – Markets
Fractal Analytics, Aye Finance IPOs See Tepid Day 2 Response
News•Feb 10, 2026

Fractal Analytics, Aye Finance IPOs See Tepid Day 2 Response

Fractal Analytics and Aye Finance saw muted demand on day two of their IPOs, with overall subscription rates of just 0.20 times and 0.16 times respectively. Fractal trimmed its offering from the originally planned ₹4,900 crore to about ₹2,834 crore, pricing shares between ₹857...

By The Hindu BusinessLine – Markets
Broker’s Call: Jyothy Labs (Hold)
News•Feb 10, 2026

Broker’s Call: Jyothy Labs (Hold)

Axis Securities maintains a Hold rating on Jyothy Labs, setting a target price of ₹270 against a current market price of ₹249.85. The company posted a 5% revenue increase to ₹740 crore in Q3FY26, supported by 7.2% volume growth and strong...

By The Hindu BusinessLine – Markets
Rupee Closes 9 Paise Higher at 90.57 Against US Dollar
News•Feb 10, 2026

Rupee Closes 9 Paise Higher at 90.57 Against US Dollar

The Indian rupee closed at a provisional 90.57 per US dollar, gaining 9 paise after shedding early losses. The modest appreciation was driven by a rally in domestic equities and a weakening dollar index that slipped below the 97‑level. Analysts expect...

By The Hindu BusinessLine – Markets
Embassy Developments Shares Fall 4% Despite 240% Jump in Quarterly Pre-Sales
News•Feb 10, 2026

Embassy Developments Shares Fall 4% Despite 240% Jump in Quarterly Pre-Sales

Embassy Developments Limited reported a 240% quarter‑on‑quarter rise in pre‑sales to ₹1,392 crore for Q3 FY26, with new bookings climbing 193% to 1.19 million sq ft. Despite the sales surge, the stock slipped 3.97% to ₹64.75, trading under an Additional Surveillance Measure after the...

By The Hindu BusinessLine – Markets
AXISCADES Shares Surge 5% After Strong Q3 Results, Revenue Jumps 25%
News•Feb 10, 2026

AXISCADES Shares Surge 5% After Strong Q3 Results, Revenue Jumps 25%

AXISCADES Technologies posted a 25% year‑on‑year revenue increase to ₹343 crore in Q3 FY26, driving its shares up 5% to ₹1,238.50. EBITDA jumped 55.3% to ₹63 crore, with margins expanding to 18.3%, while profit after tax nearly doubled 87.2% to ₹28 crore. The...

By The Hindu BusinessLine – Markets
SEBI Stalls New Exchanges' Entry Into Options Market, Sources Say
News•Feb 10, 2026

SEBI Stalls New Exchanges' Entry Into Options Market, Sources Say

India's securities regulator SEBI has halted the National Commodity and Derivatives Exchange (NCDEX) and the Metropolitan Stock Exchange (MSE) from launching equity derivatives, insisting they first build robust cash‑equity businesses and upgrade technology. Both exchanges had applied for approval to...

By The Hindu BusinessLine – Markets
Sky Gold Shares Drop 5% Despite Strong Q3 Results
News•Feb 10, 2026

Sky Gold Shares Drop 5% Despite Strong Q3 Results

Sky Gold & Diamonds reported a 77% YoY revenue jump to ₹1,768 crore and a 120% surge in profit after tax to ₹80.53 crore for Q3 FY26, with EBITDA margins expanding to 7.34%. Despite the strong fundamentals, the stock fell 5.25% to...

By The Hindu BusinessLine – Markets
Titan Shares Rise Ahead of Q3 Results, Trading Near 52-Week High
News•Feb 10, 2026

Titan Shares Rise Ahead of Q3 Results, Trading Near 52-Week High

Titan Company Ltd shares rose 0.5% to ₹4,280.35, touching a 52‑week high of ₹4,329.60 ahead of its Q3FY26 earnings release. Analysts project a net profit of roughly ₹15.5 billion, up from ₹12 billion a year earlier. The stock has outperformed the broader...

By The Hindu BusinessLine – Markets
Gold, Silver ETF Inflow Pips Equity MF Schemes
News•Feb 10, 2026

Gold, Silver ETF Inflow Pips Equity MF Schemes

For the first time, inflows into gold and silver ETFs in India have outpaced all equity mutual‑fund schemes. Gold ETFs attracted ₹24,040 crore and silver ETFs ₹9,463 crore in February, pushing passive AUM up 6 percent to ₹15.41 lakh crore. Equity scheme inflows fell to...

By The Hindu BusinessLine – Markets
Kumar Mangalam Birla Hikes Stake in Vodafone Idea, Stock Jumps 4%
News•Feb 10, 2026

Kumar Mangalam Birla Hikes Stake in Vodafone Idea, Stock Jumps 4%

Promoter Kumar Mangalam Birla increased his holding in Vodafone Idea by purchasing a total of 4.09 crore shares at ₹11.13 per share, raising his stake to 0.02 percent. Following the buyback, Vi’s shares jumped 4.04 percent to ₹11.58 on the BSE. Emkay Global...

By The Hindu BusinessLine – Markets
Sensex, Nifty Likely to Rise on Tuesday with Bullish Derivatives Trend
News•Feb 10, 2026

Sensex, Nifty Likely to Rise on Tuesday with Bullish Derivatives Trend

Indian equity indices are expected to edge higher on Tuesday as Nifty futures trade around 25,915, with the market eyeing a 26,000 resistance level. Derivatives data shows a Put‑Call Ratio of 1.05 and strong open‑interest buildup at the 26,000 call...

By The Hindu BusinessLine – Markets
Why TCS, CUB, Marico, GRSE, Shree Refrigerations, HAL, Ceigall, Godrej Agrovet, Axiscades, Anant Raj, UVS Hospitality to Remain Active in...
News•Feb 10, 2026

Why TCS, CUB, Marico, GRSE, Shree Refrigerations, HAL, Ceigall, Godrej Agrovet, Axiscades, Anant Raj, UVS Hospitality to Remain Active in...

A wave of strategic moves is energising India’s corporate landscape on February 10, 2026. Tata Consultancy Services teamed up with Redzone to fast‑track AI‑enabled manufacturing, while City Union Bank announced RBI‑approved MD R Vijay Anandh. Marico’s Southeast Asian arm is acquiring 75%...

By The Hindu BusinessLine – Markets
Share of Domestic Institutions in Nifty-50 Ownership Exceeds FIIs for First Time
News•Feb 9, 2026

Share of Domestic Institutions in Nifty-50 Ownership Exceeds FIIs for First Time

Domestic institutional investors (DIIs) have overtaken foreign institutional investors (FIIs) in Nifty‑50 ownership for the first time, holding 24.8 % versus FIIs’ 24.3 % as of December 2025. The shift follows a year of expanding DII stakes across most index constituents while...

By The Hindu BusinessLine – Markets
Groww Adds More Clients than Entire Industry in January
News•Feb 9, 2026

Groww Adds More Clients than Entire Industry in January

Groww added roughly 353,000 active demat accounts in January 2026, surpassing the entire industry’s net gain of 302,000 accounts. This surge lifted its market share to 27.66%, a 60‑basis‑point rise from December. The broker now serves 12.48 million clients, cementing its...

By The Hindu BusinessLine – Markets
BSE Q3 Profit Jumps 174% to ₹602 Crore on Strong Trading, Higher Income
News•Feb 9, 2026

BSE Q3 Profit Jumps 174% to ₹602 Crore on Strong Trading, Higher Income

India’s oldest exchange, BSE, posted a 174% year‑on‑year jump in Q3 FY26 net profit to ₹602 crore, driven by robust trading activity and higher operating income. Revenue from operations surged 62% to ₹1,244 crore. Sequentially, profit rose 8% from Q2 while revenue...

By The Hindu BusinessLine – Markets
SBI Surges to Record High as Markets Rally on US Trade Deal Optimism
News•Feb 9, 2026

SBI Surges to Record High as Markets Rally on US Trade Deal Optimism

India’s equity markets closed sharply higher on Feb 9, 2026, with the Sensex up 0.58% and the Nifty up 0.68%, driven by optimism over an interim India‑US trade framework and strong earnings from State Bank of India (SBI). SBI surged 7.63%...

By The Hindu BusinessLine – Markets
Broker’s Call: Tata Steel (Hold)
News•Feb 9, 2026

Broker’s Call: Tata Steel (Hold)

Tata Steel posted Q3 FY26 revenue of ₹57,000 crore, down 3% QoQ, while volumes rose 4%. Consolidated EBITDA slipped 11% to ₹8,200 crore, with weaker pricing and widening losses in the UK and Netherlands. A cost‑transformation programme delivered ₹8.6 billion of savings and...

By The Hindu BusinessLine – Markets
Broker’s Call: Hero MotoCorp (Buy)
News•Feb 9, 2026

Broker’s Call: Hero MotoCorp (Buy)

Motilal Oswal reiterates a Buy on Hero MotoCorp, setting a ₹6,804 target versus the current ₹5,755.20 price. The company posted Q3 FY26 profit of ₹14.4 billion, marginally above forecasts, helped by higher other income while margins held steady despite an EV rollout. Analysts project...

By The Hindu BusinessLine – Markets
Mufin Green Finance Raises ₹125 Crore Through NCD Placement
News•Feb 9, 2026

Mufin Green Finance Raises ₹125 Crore Through NCD Placement

Mufin Green Finance Ltd has raised ₹125 crore by issuing secured, rated non‑convertible debentures (NCDs) to LC Capital India Private Ltd. The private placement, announced on February 9, 2026, will fund expansion across multiple lending verticals, including electric‑vehicle, solar, mediclaim premium, corporate, and...

By The Hindu BusinessLine – Markets
Rupee Falls 9 Paise to Close at 90.74 Against US Dollar
News•Feb 9, 2026

Rupee Falls 9 Paise to Close at 90.74 Against US Dollar

The Indian rupee closed at 90.74 per U.S. dollar on Monday, down 9 paise after a volatile session that swung between a high of 90.37 and a low of 90.77. Traders linked the movement to the newly announced India‑U.S. interim trade...

By The Hindu BusinessLine – Markets
Zydus Lifesciences Posts 30% Revenue Jump in Q3, Net Profit up 9%
News•Feb 9, 2026

Zydus Lifesciences Posts 30% Revenue Jump in Q3, Net Profit up 9%

Zydus Lifesciences reported a 30% year‑on‑year revenue increase to ₹68.6 bn in Q3 FY2025‑26, driven by strong performance across pharmaceuticals, consumer wellness and medtech. Adjusted net profit rose 9% to ₹11.1 bn, while EBITDA grew 31% to ₹18.2 bn, lifting margins to 26.5%....

By The Hindu BusinessLine – Markets

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