The ICC has warned the Pakistan Cricket Board that it faces the prospect of legal action from T20 World Cup’s official broadcasters JioStar for boycotting its February 15 game against India, a PCB source said on Tuesday. Pakistan decided to boycott the match in Colombo on February 15 on instructions of their government but haven’t yet officially specified the reasons to ICC.

As reported by PTI, there is a possibility that the ICC will withhold the entire annual revenue share of Pakistan, which is around $35 million and pay the broadcasters from that purse.

A PCB source informed that although chairman Mohsin Naqvi had taken advice from the board’s legal experts before briefing PM Shehbaz Sharif on the issue last week, the board is bracing for some serious consequences.

“If Pakistan doesn’t relent and play against India, not only will they face financial penalties, perhaps a lawsuit from broadcasters but also any efforts to go to the ICC Dispute Resolution Committee (DRC) are likely to fail,” a PCB source told PTI.

ICC’s DRC is an internal committee which doesn’t hear appeals against the decisions made by its own board.

“The PCB might face problems regardless of their government directive to not play India as they are playing all their matches at a neutral venue (Sri Lanka) as per their wishes and not in India,” another PCB source said.

“Secondly, while the Indian government has not given permission to its team to play in Pakistan, it has not stopped them from playing against Pakistan at neutral venues in Asia Cup or ICC events even after the May conflict,” the board source, who tracks Naqvi closely, added.

The PCB is yet to communicate in writing to the ICC but it the boycott decision is being seen as an act of solidarity with Bangladesh after their ouster.

“When the ICC signed its four year deal with the broadcaster for all ICC events, the contract included Pakistan and India matches based on which the broadcaster made the payments to the ICC,” the source explained.

“So the broadcaster will be within its rights to take the PCB and ICC to court over a major breach of the contract.”

It is reliably learnt that the PCB approached other members boards for support on the matter but failed to find any backers.

Will Naqvi make U-turn after Bangladesh elections?

There is a school of thought that Naqvi, who is also the interior minister of his country, might just make a U-turn once the general elections are held in Bangladesh on February 12 and a democratic government takes charge instead of the present one headed by Mohammed Yunus.

“Naqvi more than a cricket administrator is a politician, who is not one bit bothered about the welfare of the national team. He is trying to score a brownie point with his and could well flip once elections are held on February 12.

“There would still be two days before the India game and things could just change. Else he knows that Pakistan could be ostracised,” another source tracking Pakistan cricket said.

Hello and welcome to our live coverage of stock markets.

The GIFT Nifty, an early indicator of Nifty’s performance, traded little changed at 25,866.50 as of 6:50 a.m. The Nifty rose 0.23% on Wednesday, up 60.05 points, while the benchmark trailed the broader market. The Nifty Midcap 150 and Nifty Smallcap 250 both ended in the green, up more than 0.5%. Eternal and Trent led gains in the Nifty 50, rising more than 5%. The Nifty 50 advance-decline ratio stood at 38:12.

In the Nifty Midcap 150, Lloyds Metal and IDBI Bank led gains. Lloyds Metal rose 10%, while IDBI Bank gained more than 6%.

All sectors ended higher except Nifty Pharma and Nifty IT. Nifty IT led declines on Anthropic AI concerns. All Nifty IT stocks closed lower, with Infosys and TCS down more than 7% each. Nifty IT logged its biggest single-day fall in six years.  Nifty Oil and Gas led sector gains, rising more than 2% for the day. Oil India and ONGC led the index, both up 3.5%. Nifty Pharma ended a two-day rising run. Nifty FMCG, Nifty Bank, Financial Services, Nifty PSU Bank, Realty, Auto, Media, Metal and Oil and Gas rose for a third straight day.

India’s External Affairs Minister S Jaishankar on Wednesday said that detailed negotiations on the India-US trade agreement are currently underway, following high-level conversations between Prime Minister Narendra Modi and US President Donald Trump. Speaking on the sidelines of the Critical Minerals Ministerial in Washington DC, Jaishankar clarified that the trade talks are being directly handled by Commerce and Industry Minister Piyush Goyal, with formal engagement ongoing with the US Trade Representative.

“It is hard for me to say [the timeline], and the Commerce Minister would know it better, because he is in direct engagement,” Jaishankar said, adding that a joint statement outlining the tenets of the agreement is expected soon.

Commerce Ministry Flags ‘Landmark’ Framework

Earlier, addressing Parliament, Goyal said India and the US have finalised several areas of a bilateral trade agreement after nearly a year of negotiations across multiple rounds. He noted that teams from both sides are now completing technical processes and paperwork to operationalise the deal.

Goyal described the framework as a landmark step in strengthening bilateral relations and advancing India’s long-term development goals. He also highlighted that the 18% tariff rate announced by the US is lower than levies imposed on several competing countries, enhancing India’s export competitiveness.

Importantly, Goyal stressed that sensitive sectors-including agriculture and dairy-remain protected, while acknowledging that both sides had areas of concern that were addressed through compromise.

Critical Minerals Take Centre Stage

Jaishankar’s US visit coincided with growing strategic alignment on critical minerals. At the ministerial hosted by US Secretary of State Marco Rubio, India backed the newly launched Forum on Resource, Geostrategic Engagement (FORGE), a successor to the Mineral Security Partnership.

Calling critical minerals a “very important subject,” Jaishankar warned that excessive concentration in global supply chains poses major risks and underlined the need for structured international cooperation to de-risk supplies. India, he said, is strengthening resilience through initiatives such as the National Critical Minerals Mission and Rare Earth Corridors.

During the visit, Jaishankar also held bilateral talks with Rubio and US Treasury Secretary Scott Bessent, reviewing progress across trade, energy, defence, technology and nuclear cooperation. Both sides reaffirmed their commitment to expanding cooperation through the Quadrilateral Security Dialogue, underscoring the breadth of the India-US strategic partnership as trade negotiations move closer to closure.

ALSO READ: Do You Own Sovereign Gold Bonds? Budget 2026 Ends Key Tax Breaks — Here’s What Investors Can Do

Brokerage firms and market analysts issued fresh trading ideas for today’s session with opportunities across banking, mineral, and energy counters. Most experts expect continued momentum in large-cap and mid-cap stocks. Here are the key intraday and short-term picks recommended by top analysts.

Gujarat Mineral Development Corp (GMDC) (CMP: Rs 613.90)

Gujarat Mineral Development Corp. (GMDC) is seen as a strong stock by three analysts Nilesh Jain, Head AVP- Technical & Derivatives Research, (Equity Research), Centrum Broking Ltd recommends ‘buy’ for a target price of Rs 645 and a stop loss at Rs 598. Osho Krishan, Chief Manager – Technical and Derivative Research, Angel One also suggests to buy this stock at a target price of Rs 646 and a stop loss at 590. The third analyst who suggests a ‘buy’ at a price range of Rs 609-615 for GMDC is Sachin Janardan Sarvade, AVP Derivatives, Retail Research, IDBI Capital Markets and Securities Limited who set a target price at 690 with a stop loss at Rs 579 

Voltas Ltd (CMP: Rs 1,425.80)

Nilesh Jain has also recommended buying Voltas Ltd, setting a target price of Rs 1,480 and a stop loss at Rs 1,380.

NTPC Ltd (CMP: Rs 366.80)

Rajesh Bhosale, Equity Technical and Derivative Analyst, Angel One, has recommended buying NTPC Ltd. setting a target price of Rs 384 with a stop loss at Rs 357.

Chennai Petroleum Corporation Ltd (CMP: Rs 880.35)

Kunal Rambhia, Fund Manager & Trading Strategist, The Street recommends a ‘buy’ on Chennai Petroleum Corporation Ltd, with a target of Rs 935 and a stop loss at Rs 865.

Buy Karur Vysya Bank Ltd. (Rs 317.00)

Along with GMDC, Sachin Janardan Sarvade also suggested buying karur Vysya Bank Ltd. placing a stop loss at Rs 294 and a target price of Rs 365.

ALSO READ: Five Stocks To Buy: Bharat Forge, Max Healthcare, ONGC And More

Good Morning!!

Towards the end of the session, Nifty rose 48.45 points, or 0.19%, to close at 25,776, while the Sensex gained 78.56 points or 0.09%, to finish at 83,817.69.

Benchmark indices underperformer broader market. Nifty Midcap rose 0.6% and the Smallcap index gained 1.2%. Sector-wise, the IT index slumped 6% on AI related jolts, whereas auto, energy, consumer durables, PSU, realty, metal, oil & gas, and power stocks recorded gains of 1–2%.

Earnings In Focus

AAVAS Financiers, Aditya Birla Fashion and Retail, Allcargo Logistics, Anthem Biosciences, Alembic Pharmaceuticals, Astral, Berger Paints India, Bharti Airtel, Bharti Hexacom, Borosil, Caplin Point Laboratories, Cemindia Projects, Dalmia Bharat Sugar and Industries, Data Patterns (India), Dhanuka Agritech, Dredging Corporation of India, GNG Electronics, Eveready Industries India, FDC, Godrej Properties, Gokul Agro Resources, Goodyear India, Harsha Engineers International, HealthCare Global Enterprises, Hero MotoCorp, Hindustan Copper, Indian Oil Corporation, J. Kumar Infraprojects, JK Paper, JM Financial, Kaynes Technology India, Kennametal India, Kirloskar Brothers, KNR Constructions, Kolte-Patil Developers, Krsnaa Diagnostics, Life Insurance Corporation of India, Marksans Pharma, Max Healthcare Institute, Mazagon Dock Shipbuilders, Minda Corporation, NCC, Nilkamal, FSN E-Commerce Ventures, Page Industries, Power Finance Corporation, Pitti Engineering, Poly Medicure, Hitachi Energy India, PVR Inox, Shree Renuka Sugars, Repco Home Finance, Rail Vikas Nigam, Sai Life Sciences, Shivalik Bimetal Controls, Shreeji Shipping Global, SKF India, Suzlon Energy, Thomas Cook (India), Tata Motors Passenger Vehicles, Updater Services, Unichem Laboratories, UNO Minda, Varroc Engineering, Venus Pipes & Tubes, Viyash Scientific, Voltamp Transformers, VRL Logistics, VA Tech Wabag, Yatharth Hospital & Trauma Care Services.

ALSO READ: BofA On IT: AI Optimism Builds, But Productivity Gains Remain Gradual

Earnings Post Market Hour

GLOBAL   HEALTH   CONS YOY

Revenue up 18.82% at Rs 1121.047 crore versus Rs 943.436 crore.

Ebitda  down 8.6%  at Rs 217.29 crore  versus Rs 237.76 crore.

Ebitda margin down 581 bps at 19.38% versus 25.2%.

Net profit down 33.5%  at Rs 95.022 crore versus Rs 142.907 crore.

RANE   (MADRAS) CONS YOY

Revenue up 21.23% at Rs 1015.15 crore versus Rs 837.37 crore.

Ebitda  up 37.34% at Rs 90.81 crore  versus Rs 66.12 crore.

Ebitda margin up 104 bps at 8.94% versus 7.89%.

Net profit up 7725.64% at Rs 30.52 crore versus Rs 0.39 crore.

WELSPUN   ENTERPRISES CONS YOY

Revenue  down 12.19% at Rs 786.95 crore versus Rs 896.12 crore.

Ebitda  down 2.09%  at Rs 154.14 crore  versus Rs 157.44 crore.

Ebitda margin up 201 bps at 19.58% versus 17.56%.

Net profit down 66.4%  at Rs 24.02 crore versus Rs 71.49 crore.

Xpro CONS YOY

Revenue up 1.68% at Rs 106.3138 crore versus Rs 104.5539 crore.

Ebitda  down 17.32%  at Rs 8.73 crore  versus Rs 10.56 crore.

Ebitda margin down 188 bps at 8.21% versus 10.1%.

Net profit down 9.13%  at Rs 6.7795 crore versus Rs 7.4608 crore.

KEYSTONE   REALTORS CONS YOY

Revenue  down 42.64% at Rs 266.17 crore versus Rs 464.02 crore.

Ebitda  down 72.06%  at Rs 11.48 crore  versus Rs 41.09 crore.

Ebitda margin down 454 bps at 4.31% versus 8.85%.

Net profit down 77.57%  at Rs 3.38 crore versus Rs 15.07 crore.

TRENT    STANDALONE  YOY

Revenue up 15.98% at Rs 5259.46 crore versus Rs 4534.71 crore.

Ebitda  up 27.31% at Rs 1073.35 crore  versus Rs 843.04 crore.

Ebitda margin up 181 bps at 20.4% versus 18.59%.

Net profit up 36.3% at Rs 639.71 crore versus Rs 469.33 crore.

POKARNA CONS YOY

Revenue  down 39.65% at Rs 134.96 crore versus Rs 223.61 crore.

Ebitda  down 47.5%  at Rs 40.72 crore  versus Rs 77.57 crore.

Ebitda margin down 451 bps at 30.17% versus 34.68%.

Net profit down 59.75%  at Rs 20.36 crore versus Rs 50.59 crore.

JAIPRAKASH POWER VENTURES CONS YOY

Revenue up 1.35% at Rs 1155.57 crore versus Rs 1140.17 crore.

Ebitda  down 40.14%  at Rs 173.56 crore  versus Rs 289.96 crore.

Ebitda margin down 1041 bps at 15.01% versus 25.43%.

Net profit down 97.02%  at Rs 3.77 crore versus Rs 126.68 crore.

NHPC CONS YOY

Revenue  down 2.89% at Rs 2220.73 crore versus Rs 2286.76 crore.

Ebitda  down 79.15%  at Rs 211.6 crore  versus Rs 1015.1 crore.

Ebitda margin down 3486 bps at 9.52% versus 44.39%.

Net profit down 5.23%  at Rs 219.12 crore versus Rs 231.23 crore.

METROPOLIS   HEALTHCARE CONS YOY

Revenue up 25.75% at Rs 405.9097 crore versus Rs 322.7674 crore.

Ebitda  up 31.7% at Rs 94.83 crore  versus Rs 72 crore.

Ebitda margin up 105 bps at 23.36% versus 22.3%.

Net profit up 31.95% at Rs 41.38 crore versus Rs 31.36 crore.

TATA   POWER CONS YOY

Revenue  down 9.38% at Rs 13948.41 crore versus Rs 15391.06 crore.

Ebitda  down 8.87%  at Rs 3054.91 crore  versus Rs 3352.6 crore.

Ebitda margin up 11 bps at 21.9% versus 21.78%.

Net profit down 25.1%  at Rs 771.98 crore versus Rs 1030.7 crore.

JUBILANT   INGREVIA CONS YOY

Revenue  down 0.55% at Rs 1050.99 crore versus Rs 1056.77 crore.

Ebitda  down 8.48%  at Rs 126.55 crore  versus Rs 138.29 crore.

Ebitda margin down 104 bps at 12.04% versus 13.08%.

Net profit down 32.4%  at Rs 46.9 crore versus Rs 69.38 crore.

REDINGTON   CONS YOY

Revenue up 15.74% at Rs 30921.73 crore versus Rs 26716.08 crore.

Ebitda  up 3.88% at Rs 625.9 crore  versus Rs 602.5 crore.

Ebitda margin down 23 bps at 2.02% versus 2.25%.

Net profit up 8.86% at Rs 435.8 crore versus Rs 400.31 crore.

GALIANTT CONS YOY

Revenue  down 4.01% at Rs 1073.58 crore versus Rs 1118.32 crore.

Ebitda  down 22.81%  at Rs 153.67 crore  versus Rs 199.09 crore.

Ebitda margin down 348 bps at 14.31% versus 17.8%.

Net profit down 11.66%  at Rs 100.41 crore versus Rs 113.67 crore.

KALPATARU PROJECTS   INTL (CONS) 

Revenue up 16.27% at Rs 6665.42 crore versus Rs 5732.48 crore.

Ebitda  up 7.08% at Rs 513.15 crore  versus Rs 479.21 crore.

Ebitda margin down 66 bps at 7.69% versus 8.35%.

Net profit up 7.19% at Rs 152.17 crore versus Rs 141.96 crore

Sammaan Capital Q3 (Cons, YoY)

Calculated NII down 93.9% at Rs 42.5 crore versus Rs 697 crore

Net Profit up 3.8% at Rs 314 crore versus Rs 302 crore

APOLLO   TYRES CONS YOY

Revenue up 11.76% at Rs 7743.077 crore versus Rs 6927.954 crore.

Ebitda  up 25.22% at Rs 1185.93 crore  versus Rs 947.01 crore.

Ebitda margin up 164 bps at 15.31% versus 13.66%.

Net profit up 39.51% at Rs 470.518 crore versus Rs 337.245 crore.

QUALITY POWER   ELECTRICAL CONS YOY

Revenue up 291.25% at Rs 283.991 crore versus Rs 72.585 crore.

Ebitda  up 353.58% at Rs 78.97 crore  versus Rs 17.41 crore.

Ebitda margin up 382 bps at 27.8% versus 23.98%.

Net profit up 181.43% at Rs 38.922 crore versus Rs 13.83 crore.

AURIONPRO   SOLUTIONS CONS QOQ

Revenue up 3.73% at Rs 371.02 crore versus Rs 357.67 crore.

Ebit  up 5.96% at Rs 64.67 crore  versus Rs 61.03 crore.

Ebit margin up 36 bps at 17.43% versus 17.06%.

Net profit down 22.45%  at Rs 42.14 crore versus Rs 54.34 crore.

LLOYDS   ENGINEERING CONS QOQ

Revenue  down 13.97% at Rs 272.45 crore versus Rs 316.66 crore.

Ebitda  up 8.82% at Rs 52.92 crore  versus Rs 48.63 crore.

Ebitda margin up 406 bps at 19.42% versus 15.35%.

Net profit up 17.72% at Rs 61.03 crore versus Rs 51.84 crore.

AVALON  TECH CONS YOY

Revenue up 48.67% at Rs 417.542 crore versus Rs 280.851 crore.

Ebitda  up 38.53% at Rs 47.96 crore  versus Rs 34.62 crore.

Ebitda margin down 84 bps at 11.48% versus 12.32%.

Net profit up 35.9% at Rs 32.602 crore versus Rs 23.989 crore.

Transport Corporation of India Q3 (Cons, YoY)

Revenue up 8.9% at Rs 1,249 crore versus Rs 1,147 crore

EBITDA up 7.2% at Rs 127.0 crore versus Rs 118.5 crore

EBITDA Margin down 16 bps at 10.2% versus 10.3%

Net Profit up 13.7% at Rs 114.7 crore versus Rs 100.9 crore

Force Motors Q3 (Cons, YoY)

Revenue up 12.7% at Rs 2,128.6 crore versus Rs 1,889.5 crore

EBITDA up 61.4% at Rs 374.0 crore versus Rs 231.7 crore

EBITDA Margin up 531 bps at 17.6% versus 12.3%

Net Profit up 252.2% at Rs 406.2 crore versus Rs 115.3 crore

CCL Products (India) Q3 (Cons, YoY)

Revenue up 38.5% at Rs 1,050.6 crore versus Rs 758.4 crore

EBITDA up 48.7% at Rs 185.0 crore versus Rs 124.4 crore

EBITDA Margin up 120 bps at 17.6% versus 16.4%

Net Profit up 59.2% at Rs 100.3 crore versus Rs 63.0 crore

Timken India Q3 (Cons, YoY)

Revenue up 14.1% at Rs 779.7 crore versus Rs 683.4 crore

EBITDA down 9.0% at Rs 100.8 crore versus Rs 110.8 crore

EBITDA Margin down 329 bps at 12.9% versus 16.2%

Net Profit down 30.2% at Rs 54.6 crore versus Rs 78.2 crore

Saatvik Green Energy Q3 (Cons, YoY)

Revenue up 142.6% at Rs 1,257 crore versus Rs 518 crore

EBITDA up 125.0% at Rs 153.3 crore versus Rs 68.1 crore

EBITDA Margin down 90 bps at 12.2% versus 13.1%

Net Profit up 144.0% at Rs 98.7 crore versus Rs 40.5 crore

Cummins India Q3 (Standalone, YoY)

Revenue  down 1.33% at Rs 3055 crore versus Rs 3096 crore.

Ebitda  up 4.02% at Rs 634.55 crore  versus Rs 609.98 crore.

Ebitda margin up 106 bps at 20.77% versus 19.7%.

Net profit down 11.84%  at Rs 453.1 crore versus Rs 514 crore.

Archean Chemicals Q3 (Cons, YoY)

Revenue up 5.06% at Rs 254.56 crore versus Rs 242.29 crore.

Ebitda  down 31.96%  at Rs 54.39 crore  versus Rs 79.94 crore.

Ebitda margin down 1162 bps at 21.36% versus 32.99%.

Net profit down 50.74%  at Rs 23.63 crore versus Rs 47.97 crore.

JSW Cement Q3 (Cons, YoY)

Revenue up 13.1% at Rs 1,621 crore versus Rs 1,433 crore

EBITDA up 91.3% at Rs 285 crore versus Rs 149 crore

EBITDA Margin up 722 bps at 17.6% versus 10.4%

Net Profit at Rs 142 crore versus Loss of Rs 68.8 crore

Automotive Axles Q3 (Standalone, YoY)

Revenue up 5.9% at Rs 562 crore versus Rs 531 crore

EBITDA up 11.3% at Rs 63.9 crore versus Rs 57.4 crore

EBITDA Margin up 60 bps at 11.4% versus 10.8%

Net Profit down 2.0% at Rs 38.8 crore versus Rs 39.6 cror

Hexaware Tech Q3 (Cons, QoQ)

Revenue down 0.2% at Rs 3,478 crore versus Rs 3,484 crore

EBIT down 50.4% at Rs 254 crore versus Rs 512.4 crore

EBIT Margin down 740 bps at 7.3% versus 14.7%

Net Profit down 21.2% at Rs 292 crore versus Rs 370 crore

Inventurus Knowledge Solutions Q3 (Cons, QoQ)

Revenue up 4.3% at Rs 815 crore versus Rs 781 crore

EBIT up 3.3% at Rs 250 crore versus Rs 242 crore

EBIT Margin down 30 bps at 30.6% versus 30.9%

Net Profit up 1.4% at Rs 183 crore versus Rs 181 crore

Parag Milk Foods Q3 (Cons, YoY)

Revenue up 14.5% at Rs 1,013 crore versus Rs 885 crore

EBITDA down 7.9% at Rs 68.3 crore versus Rs 74.1 crore

EBITDA Margin down 170 bps at 6.7% versus 8.4%

Net Profit down 18.0% at Rs 29.6 crore versus Rs 36.1 crore

Stocks In News

• Shipping Corporation of India: The company receives Rs. 200 crore tax demand pertaining to FY10.
• IRB Infrastructure Developers: The company’s trust executes agreement with NHAI for a project in Odisha. The trust will pay Rs. 3,087 crore to NHAI for period of 20 years.
• Axis Bank: The bank clarifies on CreditAccess Grameen acquisition news by Moneycontrol, says they keep evaluating opportunities for growth.
• Hindustan Aeronautics: The company clarifies that they haven’t received any official communication about AMCA programme.
• Power Finance Corporation: The company informs that its 2 arms have been transferred to Power Grid Corporation of India & Enerica Infra for Rs. 19.63 crore & Rs. 22.35 crore respectively.
• Mishra Dhatu Nigam: The company receives an order worth Rs. 158 crore. With this, the open order position of the company stands at Rs. 2,590 crore.
• Advait Energy Transitions: The company receives an order worth Rs. 19.99 crore for Emergency Restoration System of 10 towers.
• Wipro: The company joins MIT’s Industrial Liasion Program to accelerate frontier tech innovation.
• Newgen Software Technologies: The company’s arm receives an order worth Rs. 13.07 crore for software licenses, implementation & support services.
• Xpro India: The company re-appoints Mr. Siddhartha Birla as the chairman for 3 years.
• Coal India: The company will infuse Rs. 3,132 crore in joint venture with DVC as a part of total project cost of Rs. 20,886.40 crore.
• Coal India: The company approves incorporation of JV with UP Rajya Vidyut Utpadan Nigam to develop renewable energy projects.
• Coal India: The company has approved to incorporate a holding company at Chile to explore & develop opportunities in critical minerals.
• PVR Inox: The company announces opening of 8-screen cinema in Hyderabad. They now operate 1,791 screens at 358 properties in 112 cities in India & Sri Lanka.
• Purvankara: The company has provided a corporate guarantee to its arm, for an amount of Rs. 440 crore.
• Bharat Forge: The company confirms participation in AMCA but clarifies about no official information on HAL being out of the race.
• Emudhra: 3i Infotech alleges corporate fraud against the company. Emudhra strong denies all allegations.
• Marico: The company acquires 60% in Cosmic  Wellness for Rs. 225.67 crore.
• NHPC: The company has cancelled MOU & promoters agreement with GEDCOL to form JV for floating solar power projects.
• Metropolis Healthcare: The company approves issuance of bonus shares in proportion of 3:1. The company also approves sale of its EQAS division to its arm for Rs. 1.25 crore.
• Kalpataru Projects: The company has delegated authority to executive committee to fund upto $5 million in its arm.
• Waaree Energies: The company’s arm receives an order to supply 150 MW solar modules.
• Jeena Sikho Lifecare: The company has commenced operations of its hospitals in West Bengal & Bihar.
• Apollo Tyres: The company approves Rs 5,810 crore capex in its Andhra Pradesh plant to add 3.7 mn PCR & 1.3 mn TBR capacity per annum.
• Quality Power: The company updates that the Sangli plant will be completed earlier by Jun 2026 instead of Sep 2026. It also approves an additional capex of Rs. 25 crore in the plant.
• Quality Power: The company re-appoints Mr. Sanjog Mhatre as the CEO.
• Berger Paints: The company informs that its Resin facility in Andhra Pradesh has commenced production with a capacity of 12,000 MT per annum.
• Himadri Speciality: The company acquires 100% stake in Himadri Power for Rs. 2.5 lakh.
• Force Motors: The company acquires 100% stake in Veera Tanneries.
• Uflex: The company informs that their CFO, Mr. Rajesh Bhatia has superannuated from the services of the company.
• Saatvik Green Energy: The company invests Rs. 252 crore in its arm via rights issue.
• Medplus Health Services: The company’s arm gets 15-day drug license suspension order for its Pune store.
• NBCC: The company receives two demand orders worth Rs. 94.5 crore from GST authorities.
• Lupin: The company launches Topiramate Extended-Release capsules in the US market.
• Panorama Studios: The company executes pact with Merry Go Round studios for airborne rights of film “Heer Express”.
• JSW Cement: The company incorporates an arm in UAE to set up 1.65 MTPA cement grinding unit & issues $29.25 million corporate guarantee for loan by UAE arm.
• JSW Cement: The company re-appoints Mr. Parth Jindal as the managing director.
• Automotive Axles: The company appoints Mr. Raman K as the interim CFO.
• Adani Enterprises: The company converts ₹ 0.50 partly paid-up equity shares into ₹ 0.75 partly paid-up equity shares in relation to the rights issue.

Bulk & Block Deals

• Gokaldas Exports: SOCIETE GENERALE bought 5.02 lk shares at Rs. 807.18 a piece.
• Aditya Birla Capital: BNP PARIBAS FINANCIAL MARKETS bought 20.9 lk shares & SOCIETE GENERALE sold 20.91 lk shares at Rs. 344 a piece.
• Federal Bank: BNP PARIBAS FINANCIAL MARKETS bought 31 lk shares & SOCIETE GENERALE sold 31 lk shares at Rs. 287 a piece.
• Indian Bank: BNP PARIBAS FINANCIAL MARKETS bought 6.18 lk shares & SOCIETE GENERALE sold 6.18 lk shares at Rs. 873 a piece.
• National Aluminium Company: BNP PARIBAS FINANCIAL MARKETS bought 11.2 lk shares & SOCIETE GENERALE sold 11.2 lk shares at Rs. 374 a piece.

Insider Trades

Sangam India: Anjana Soni Thakur, Promoter, acquires 29,974 shares in the company.

Corporate Actions

Procter & Gamble Hygiene and Health Care Limited       Special Dividend – Rs 25 Per Share

Shares To Exit Anchor Lock-In

NSDL: 6 months share lock in, 149 mn lock in shares, 75% of total outstanding

List of securities shortlisted in Short – Term ASM Framework Stage:   Apar Industries, Avalon Technologies, Antelopus Selan Energy
List of securities to be excluded from ASM Framework:  Onesource Speciality Pharma

Price Band

• Price Band change from 20% to 10%:  Gokaldas Exports, Garware Hi-Tech Films, Indo Count Industries
• Price Band change from 10% to 20%: ASK Automotive, Black Box, E2E Networks, GM Breweries, Hind Rectifiers, India Cements, JTL Industries, Kingfa Science & Technology (India), KIOCL, Moschip Technologies, Ola Electric Mobility, Orient Technologies, Share India Securities, Baazar Style Retail, V2 Retail
• Price Band change from 5% to 10%: Apollo Micro Systems, JSW Holdings, Meesho, Ujaas Energy
• Price Band change from 5% to 20%: Indiabulls

F&O Cues

• Nifty Feb futures is up 0.05% to 25,830.00 at a premium of 54 points.
• Nifty Options 10th Feb Expiry: Maximum Call open interest at 27,000 and Maximum Put open interest at 25,000. 
• Securities in ban period: SAMMAANCAP

ALSO READ: Silver Rockets Near Rs 3 Lakh/Kg, Gold Climbs To Rs 1.65 Lakh/10g Amid Global Rally

The Indian benchmark indices felt the whiplash of US-Iran tensions on one hand and the Anthropic AI-induced IT stock selloff on Wednesday. However, Nifty and Sensex managed to end in the green. Analysts expect the momentum to remain volatile. 

“The index formed a small bullish candle with shadows in either direction, signalling consolidation with stock-specific action,” said Bjaja Broking Research. 

The brokerage re-affirmed that as long as the index holds above immediate support levels of 25,450, the bias will remain positive. Holding beyond this level will open further upside to 26,000 and 26,350 levels in the coming sessions.

“Volatility is likely to remain elevated amid uncertain global cues and the upcoming RBI monetary policy announcement. We believe pullback from current levels should be viewed as a buy-on-dips opportunity, with strong support firmly placed around the 25,000-25,200,” Bajaj Broking added. 

Shrikant Chouhan, head of equity research at Kotak Securities, advised traders to engage in level-based trading amid a non-directional market structure. 

Nifty Bank 

The Nifty Bank index will also see sustained volatility on account of uncertain global cues and RBI monetary policy announcement. 

“Bank Nifty formed a high wave candle with small real body shadows in either direction signaling consolidation amid stock specific action,” stated Bajaj Broking Research. 

Key resistance is placed between 60,800 and 61,700 levels, while on the downside 58,500–58,000 levels are the key short-term support area. 

Market Recap

Towards the end of the session, Nifty rose 48.45 points, or 0.19%, to close at 25,776, while the Sensex gained 78.56 points or 0.09%, to finish at 83,817.69.

Benchmark indices underperformed the broader market. Nifty Midcap rose 0.6% and the Smallcap index gained 1.2%. Sector-wise, the IT index slumped 6% on AI related jolts, whereas auto, energy, consumer durables, PSU, realty, metal, oil & gas, and power stocks recorded gains of 1–2%.

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Nvidia has giant investments in India

I prefer that India not only welcomes data centre companies in India, but also build data centres by Indian companies. with respect to data centres, the actual buyilding of data centres in 5,000 people or 10,000 people – electricians, plumb ers, contucion workers, but workfirce labor that contributes to building that data centre is really quite gigantic 

the supply chain of all things, the design, the concrete, the architecture, management, and after you’re done, the operations of it, the startup companies tnhat you can builkd on top of that, so think about the upstream as well as the downstream labor, so think about the workforce and jobs that are created as a result of one single data centre that gets created

the reason for that, the electrical plant may not have created that many people to create/ build, but the upstream and downstream implications of having an enabling infra is incredible. look at the internet – the amt of jobs created upstream and downstream in incredible, so AI will do exactly the same thing. 

CEO Jensen Huang dismissed fears that artificial intelligence will replace software and related tools, calling the idea “illogical”, after a significant selloff in global software stocks on Tuesday. The selloff, partly sparked by AI developer Anthropic’s updated chatbot release last week that heightened fears of AI-driven disruption in the data and professional services industry, broadened on Wednesday, hitting software stocks in India, Japan and China.

There’s this notion that the tool in the software industry is in decline, and will be replaced by AI … It is the most illogical thing in the world, and time will prove itself,” Huang said.

“If you were a human or robot, artificial, general robotics, would you use tools or reinvent tools? The answer, obviously, is to use tools … That’s why the latest breakthroughs in AI are about tool use, because the tools are designed to be explicit.”

The India-US trade deal is a constructive step towards restoring stability in global trade and deepening long-term supply linkages between the two countries, domestic renewable industry players said.

Sharing their views with PTI over the deal, the RE players said the improved tariff environment will allow them to reassess export strategies and support stronger long-term supply chain partnerships between India and the United States.

Sameer Gupta, Chairman, Jakson Group said, “The recent India-US trade agreement is a constructive step towards restoring stability and predictability in global trade for Indian businesses. The reduction in reciprocal tariffs improves export competitiveness and gives companies greater clarity to plan investments and scale operations over the long term.”

Rohit Chandra, Co-founder and CEO, OMC Power said, “For the solar sector, the rationalisation of tariffs to 18% is a significant positive, improving price competitiveness and creating clearer, more predictable market access to the US.”

The move will meaningfully boost offtake for Indian solar manufacturers, support scale up of exports, and deepen long‑term supply linkages between the two countries, he noted.

Goldi Solar Founder and Managing Director Ishver Dholakiya said at a time when global demand for clean energy solutions is accelerating, this agreement positions Indian solar players strongly to capture growth and reinforce India’s role as a trusted clean energy partner to the world.

Devansh Jain, Executive Director, INOXGFL Group said the reduction of India’s tariff to 18% is especially significant for the clean energy ecosystem, including solar manufacturing, enhancing India’s competitiveness in the US market and reinforcing the country’s long-term growth and export potential.

Sumant Sinha, Founder, ReNew said he is of view that “India’s movement on two major trade fronts strengthens business predictability and reinforces global confidence in our growth trajectory. This is huge for business as it accelerates global sentiment towards Indian Inc.”