FIIs have been gradually reducing their exposure to Indian equities due to a weakening rupee and relatively more attractive return opportunities in other global markets.

The relative calm was in stark contrast to last week’s wild swings that saw Bitcoin on Thursday plunge to $60,033, its lowest since October 2024, before rallying back above $70,000 on Friday.

A dramatic unwind which recently hit gold and silver markets recently, erased a significant of their record breaking January gains last week.

The bank's management also raised SBI's loan growth guidance for FY26 to 13-15% from the earlier 12-14%.

The report said that the reduction in effective tariffs and the removal of punitive duties should help reverse the deterioration seen in India’s trade position with the US during FY26 so far.

The milestone places the state-owned lender alongside Reliance Industries, HDFC Bank, Bharti Airtel, Tata Consultancy Services and ICICI Bank, making it the sixth Indian firm to achieve the feat.

Third quarter earnings showed sector-level divergence where overall the good revenue growth for sectors such as financial services, industrials, healthcare, auto and business services, said Ashwini Shami.

Prime Minister Narendra Modi will inaugurate the Summit on February 19. After the inauguration, the PM is expected to hold a CEOs roundtable the same day.

As part of the trade deal framework, India will initially lower tariffs on diesel cars above 2,500cc and petrol cars above 3,000cc to 50 percent before reducing them further to 30 percent over a 10-year period

“We are seeing a hockey stick growth. In the last two years, cloud business has doubled and the momentum continues in India…we are going to launch more data centres in this calendar year,” said Kapil Makhija, VP, Technology Cloud, Oracle India.

While the new tax law intends to streamline taxation, some provisions has made the old tax regime more appealing.

Stocks in focus on 10 Feb: Stocks like Aurobindo Pharma, BSE, Bata India, Gulf Oil Lubricants, NRB Bearings, India Pesticides, Pfizer, Sansera Engineering, Ramco Cements, Linde India, Gujarat State Fertilizers & Chemicals, and Genus Power Infrastructures…

The Bengaluru-based company plans to expand its veterinary clinic network from four to 15 locations in the next six months and scale its dark store footprint to around 60 facilities across Bengaluru, Delhi and Mumbai by the March quarter-end, as it sharpens…

The metal has declined about 10% since hitting its all-time peak on Jan. 29, but is still firmly higher this year.

The new rules will replace the existing Income-Tax Rules, 1962.