Markets opened above Friday’s closing point.
Metal stocks and PSU bank stocks rose the most today. Media stocks and auto stocks fell the most.
Global markets: US markets and Asian markets rose. European markets rose (as of 6 pm IST).
News
India and the European Union concluded negotiations for the India-EU Free Trade Agreement with significant tariff cuts on both sides.
Stocks Updates
Adani Enterprises: company subsidiary, Adani Defence & Aerospace, and Embraer signed an MoU for a regional transport aircraft ecosystem in India. The companies will collaborate on aircraft manufacturing, supply chain, aftermarket services, and pilot training.
Asian Paints: net profit fell 4.5% year-on-year to Rs 1,060 crore in the Oct-Dec quarter.
Tata Consumer: net profit rose 38% year-on-year to Rs 385 crore in the Oct-Dec quarter. The company is exploring a potential sale of property and its stake in subsidiary TRIL Constructions.
Marico: net profit rose 12% year-on-year to Rs 447 crore in the Oct-Dec quarter.
CG Power: net profit rose 18% year-on-year to Rs 285 crore in the Oct-Dec quarter. Dividend declared: Rs 1.3 per share. Record date: 1 Feb.
Adani Energy: the stock exchanges have sought clarification on a media report about securing a hybrid power mandate from Asahi India Glass.
Adani Ports: clarified that the Rs 16,000 crore Vizhinjam Port Phase-2 investment is already disclosed and in progress. The exchanges have separately sought clarification on a Supreme Court grazing land dispute report.
Bajaj Finance: issued Rs 5,120 crore worth of non-convertible debentures via private placement, with 7.65% interest rate.
Word of the Day
Union Budget
It is the government’s financial plan of the year released on 1 Feb
It outlines the government’s expected revenue and expenditure for the next fiscal year, starting from 1 April.
It includes tax proposals, government spending, subsidies, and fiscal policies to manage the economy.
Example: the 2025-26 budget announced significant changes to the New Tax Regime introducing zero income tax for individuals earning up to Rs 12 lakh.
6 Day Course
Theme: risk-adjusted returns
Day 1: Monday
The first step in comparing any asset’s risk-adjusted returns is to observe the risk-free option.
Example, in the US, US treasuries (government bonds) are said to be risk-free.
Nothing is truly risk-free. “Risk-free” is usually used to describe items that are very low risk.
We can easily measure returns. And therefore, we can easily measure how much more returns an asset is giving compared to the risk-free option.
But the challenge comes in measuring risk.
There are many different ways of measuring risk. We can say that each of these methods tries to quantify risk and assign a number/value to it.
But we must also recognise that risk can never be truly measured. Only some kinds of risk can be measured.
We will discuss those tomorrow.
We explored the question "What If you paused your SIP whenever market volatility spiked using VIX?"
Check out the full report here.
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