FOMO To FMA -Asia Goes Risk-On, West Stays Cautious as FII Liquidity Backs a Firm Nifty Start

Global Market Futures (as of 06:30 AM IST)
US Market (Futures)

•    Nasdaq: -0.08%
•    Dow Jones: -0.06%
•    S&P 500: -0.08%

European (Futures)

•    Ftse 100: -0.07%
•    Cac 40: -0.90%
•    Dax: -0.02%

Asian (Live Markets)

•    NIKKEI 225: +2.16%
•    KOSPI: +0.76%
•    ASX 200: +0.43%

Gift Nifty: 25973.50 (+0.32%)

FII and DII Trading Activity February 9, 2026 in Cash market:
FIIs / FPIs: Net Buy of ₹2,254.64 crore
DIIs: Net Buy of ₹4.15 crore

Commodity Market Updates:
International commodity markets traded with a mixed to softer bias, reflecting cautious investor sentiment. Gold prices weakened, with gold derivatives near 5,040 and spot XAU/USD around 5,018, both down about 0.8%. Silver underperformed, falling sharply to 80.92, down nearly 1.6%. Copper remained relatively stable but edged lower, trading near 5.94, indicating muted global growth expectations. Energy markets showed divergence: WTI crude hovered slightly lower at 64.31, while Brent crude outperformed, rising strongly to 69.14, up 1.6% on supply concerns. Natural gas eased modestly to 3.13. Overall, commodity movements reflected selective risk-taking, with energy strength offsetting weakness in metals.

Results Today:
Zydus Lifesciences, Aurobindo Pharma, All Time Plastics, Amber Enterprises India, Bajaj Electricals, Bata India, Enviro Infra Engineers, PNGS Gargi Fashion Jewellery, GlaxoSmithKline Pharmaceuticals, Happiest Minds Technologies, Navin Fluorine International, P N Gadgil Jewellers, Ramco Cements, Sun Pharma Advanced Research Company, Trident, and Vadilal Industries will release quarterly earnings today.

Key Corporate Earnings

Aurobindo Pharma - Q3 (Consolidated YoY)
Aurobindo Pharma delivered steady Q3 performance, with consolidated profit rising 7.6% YoY to Rs 909.8 crore. Revenue grew 8.4% to Rs 8,645.9 crore, supported by consistent demand across key markets and stable operational execution despite global pricing pressures.
BSE - Q3 (Consolidated YoY)
BSE reported a stellar Q3, with consolidated profit surging 174% YoY to Rs 601.8 crore, driven by sharp revenue growth of 62%. Higher activity levels boosted earnings, though tax expenses rose sharply to Rs 198.7 crore, impacting net profitability.
Bata India - Q3 (Consolidated YoY)
Bata India posted moderate Q3 growth, with consolidated profit increasing 12.6% YoY to Rs 66.1 crore. Revenue edged up 2.8% to Rs 944.7 crore, reflecting steady demand and cost management amid a challenging discretionary consumption environment.
Gulf Oil Lubricants India - Q3 (Consolidated YoY)
Gulf Oil Lubricants India saw a mixed Q3, as consolidated profit declined 22% YoY to Rs 76.4 crore. However, revenue grew 10.6% to Rs 1,017.6 crore, supported by volume growth, while margins were pressured by higher input costs.
NRB Bearings - Q3 (Consolidated YoY)
NRB Bearings delivered a strong Q3, with consolidated profit rising 34.2% YoY to Rs 28.6 crore. Revenue increased 17.7% to Rs 327.9 crore, aided by healthy demand from the automotive segment and improved operational efficiencies.
India Pesticides - Q3 (Consolidated YoY)
India Pesticides reported robust Q3 results, with consolidated profit surging 41% YoY to Rs 22.7 crore. Revenue jumped 30.9% to Rs 225.4 crore, driven by improved demand, better capacity utilization, and favorable product mix.
Pfizer India - Q3 (YoY)
Pfizer posted healthy Q3 growth, with profit rising 11.2% YoY to Rs 141.8 crore. Revenue surged 19.9% to Rs 645 crore, supported by strong sales across key brands and continued focus on operational efficiency.
Sansera Engineering - Q3 (Consolidated YoY)
Sansera Engineering delivered a solid Q3, as consolidated profit increased 23.4% YoY to Rs 68.7 crore. Revenue grew 24.7% to Rs 907.7 crore, driven by strong demand from automotive and non-automotive segments.
Ramco Cements - Q3 (Consolidated YoY)
Ramco Cements reported a sharp turnaround in Q3, with consolidated profit more than doubling to Rs 385.6 crore. Revenue rose 6.2% YoY, while exceptional gains of Rs 479 crore significantly boosted overall profitability.
Linde India - Q3 (Consolidated YoY)
Linde India posted strong Q3 growth, with consolidated profit rising 66.2% YoY to Rs 193.3 crore and revenue increasing 15.7%. The company also announced a CFO transition, appointing Ajay Kumar Sah as Interim CFO effective February 16.
Gujarat State Fertilizers & Chemicals - Q3 (Consolidated YoY)
GSFC delivered stable Q3 performance, with consolidated profit rising 18.1% YoY to Rs 158.1 crore. Revenue grew 4.5% to Rs 2,941 crore, supported by steady fertilizer demand and controlled operating costs.
Genus Power Infrastructures - Q3 (Consolidated YoY)
Genus Power Infrastructures reported a standout Q3, with consolidated profit surging 147.5% YoY to Rs 140.2 crore. Revenue jumped 85.8% to Rs 1,122.4 crore, driven by strong execution of smart metering and infrastructure projects.
ISGEC Heavy Engineering - Q3 (Consolidated YoY)
ISGEC Heavy Engineering posted strong Q3 results, with consolidated profit rising 76.5% YoY to Rs 97.5 crore. Revenue increased 16.3% to Rs 1,738.6 crore, supported by robust order execution across core engineering segments.
Navin Fluorine International - Q3 (Consolidated YoY)
Navin Fluorine delivered an exceptional Q3, with consolidated profit surging 121.8% YoY to Rs 185.4 crore. Revenue jumped 47.2% to Rs 892.4 crore, driven by strong performance in specialty chemicals and high-value contracts.
Texmaco Rail & Engineering - Q3 (Consolidated YoY)
Texmaco Rail reported a weak Q3, with consolidated profit declining 44.2% YoY to Rs 42.8 crore. Revenue fell 21.5% to Rs 1,041.6 crore, reflecting slower execution and softer order inflows during the quarter.
PNC Infratech - Q3 (Consolidated YoY)
PNC Infratech posted subdued Q3 results, with consolidated profit slipping 5.7% YoY to Rs 76.8 crore. Revenue declined 18.3% to Rs 1,200.7 crore, impacted by slower project execution and muted order activity.
Neuland Laboratories - Q3 (Consolidated YoY)
Neuland Laboratories reported a weak Q3, as consolidated profit plunged 60% YoY to Rs 40.6 crore. However, revenue rose 10.5% to Rs 439.7 crore, indicating stable business momentum despite margin pressures.

Key Corporate Updates:

Positive:

• Signpost India Ltd: Reported a healthy Dec-quarter performance with consolidated revenue from operations at ₹1.42 bln and net profit of ₹181.3 mln, reflecting steady execution and margin stability.
• NRB Bearings Ltd: Delivered solid Dec-quarter results with consolidated revenue of ₹3.28 bln and net profit of ₹286.2 mln; the board declared an interim dividend of ₹3.20 per share, indicating confidence in cash flows.
• Gulf Oil Lubricants India Ltd: Posted strong Dec-quarter consolidated revenue of ₹10.18 bln and net profit of ₹764.4 mln; announced an interim dividend of ₹21 per equity share, underlining robust profitability.
• Aarti Pharmalabs Ltd: Reported Dec-quarter consolidated revenue of ₹4.32 bln and net profit of ₹479.6 mln; declared an interim dividend of ₹1.50 per share, reflecting stable earnings momentum.
• Pfizer Ltd: Posted Dec-quarter revenue from operations of ₹6.45 bln along with a net profit of ₹1.42 bln, reflecting continued strength in its pharmaceutical portfolio.
• Aurobindo Pharma Ltd: Reported Q3 consolidated revenue of ₹86.46 bln and net PAT of ₹9.1 bln; also announced an investment of ₹660 mln for a 26% stake in Garuda Renewables, strengthening its renewable energy exposure.
• City Union Bank Ltd: Received RBI approval for the appointment of R. Vijay Anandh as Managing Director & CEO, providing leadership continuity and regulatory clarity.
• Supriya Lifescience Ltd: Posted a strong Dec-quarter performance with revenue from operations of ₹2.06 bln and net profit of ₹496.8 mln, supported by healthy demand for APIs.
• Axiscades Technologies Ltd: Delivered Dec-quarter consolidated revenue of ₹3.43 bln and net profit of ₹277.2 mln, indicating improved execution across engineering services segments.
• JNK India Ltd: Reported Dec-quarter consolidated revenue of ₹2.03 bln and net profit of ₹181.8 mln, reflecting stable operating performance.
• BSE Ltd: Posted robust Dec-quarter consolidated revenue of ₹12.44 bln and net profit of ₹6.02 bln, driven by higher trading volumes and operating leverage.
• RailTel Corporation of India Ltd: Secured an order worth ₹4.55 bln, strengthening its order book visibility in telecom and digital infrastructure.
• TCPL Packaging Ltd: Reported Dec-quarter revenue of ₹4.65 bln and consolidated net profit of ₹250.4 mln; additionally appointed Saket Kanoria as Chairman, supporting governance continuity.
• Uniparts India Ltd: Declared a dividend of ₹7 per share, reflecting healthy cash generation and shareholder returns.
• Mahindra Lifespace Developers Ltd: Announced a joint venture with Mitsui Fudosan Group for the Mahindra Blossom project and approved transfer of Alembic undertaking to its subsidiary on a slump sale basis.
• Gravita India Ltd: Announced entry into the copper recycling business and acquisition of Rashtriya Metal Industries for ₹5.65 bln, expanding its recycling portfolio.
• Linde India Ltd: Reported Dec-quarter consolidated revenue of ₹7.01 bln and profit of ₹1.93 bln; also appointed Ajay Kumar Sah as interim CFO, ensuring financial leadership continuity.
• Ramco Cements Ltd: Reported Q3 revenue of ₹21.01 bln and net PAT of ₹3.87 bln, broadly in line with operational expectations.
• GIC Housing Finance Ltd: Posted Dec-quarter consolidated interest income of ₹2.67 bln and net profit of ₹436.9 mln, reflecting stable lending performance.
• Tata Motors Ltd: Incorporated AIEQU Mobility Ltd as a subsidiary, strengthening its focus on new-age mobility solutions.
• NTPC / NTPC Green Energy: Declared the 14.43 MW Khavda-I solar PV project operational from February 10, 2026, enhancing renewable energy capacity.
• Gujarat State Fertilizers & Chemicals Ltd: Reported Dec-quarter consolidated revenue of ₹29.41 bln and net profit of ₹1.58 bln, supported by stable fertilizer demand.
• Genus Power Infrastructures Ltd: Posted strong Dec-quarter consolidated revenue of ₹11.22 bln and net profit of ₹1.4 bln, driven by execution of smart metering projects.
• Isgec Heavy Engineering Ltd: Delivered Dec-quarter consolidated revenue of ₹17.39 bln and profit from continuing operations of ₹1.12 bln, reflecting strong order execution.
• Rolex Rings Ltd: Reported Dec-quarter revenue of ₹2.75 bln and net PAT of ₹477.5 mln, supported by export demand.
• Navin Fluorine International Ltd: Posted Dec-quarter consolidated revenue of ₹8.92 bln and PAT of ₹1.85 bln, indicating sustained specialty chemical demand.
• Apollo Micro Systems Ltd: Reported Dec-quarter consolidated revenue of ₹2.52 bln and net profit of ₹256.8 mln, supported by defence and aerospace orders.
• PowerGrid Infrastructure Investment Trust: Reported Dec-quarter consolidated revenue of ₹3.17 bln and net profit of ₹1.98 bln; announced distribution of ₹3 per unit to unitholders.
• Ambuja Cements Ltd: NCLT sanctioned the scheme between Sanghi Industries and Ambuja Cements, providing legal clarity to the restructuring process.
• Texmaco Rail & Engineering Ltd: Posted Dec-quarter consolidated revenue of ₹10.42 bln and net profit of ₹428.4 mln, reflecting strong railway equipment demand.
• PNC Infratech Ltd: Reported Dec-quarter consolidated revenue of ₹12 bln and net PAT of ₹767.5 mln, driven by steady project execution.
• Neuland Laboratories Ltd: Delivered Dec-quarter consolidated revenue of ₹4.4 bln and net profit of ₹405.7 mln, supported by API and CDMO growth.
• Jubilant Agri & Consumer Products Ltd: Reported Dec-quarter consolidated revenue of ₹4.5 bln and net profit of ₹215.2 mln, reflecting stable agri-input demand.
   

Negative:

• Saurashtra Cement Ltd: Reported a Dec-quarter net loss of ₹103.5 mln despite revenue of ₹4.1 bln, impacted by cost pressures.
• Bata India Ltd: Incurred a one-time charge of ₹66.7 mln in Q3 due to implementation of new labour codes.
• Embassy Developments Ltd: Reported a Dec-quarter consolidated loss of ₹2.33 bln despite revenue of ₹2.12 bln, reflecting continued stress in operations.
• Vadilal Industries Ltd: Posted a marginal Dec-quarter consolidated net loss of ₹1.6 mln.
• Visaka Industries Ltd: Reported weak Dec-quarter consolidated net PAT of ₹19.2 mln, indicating margin pressure.
• Bank of Baroda Ltd: Informed that branch operations may be impacted due to a strike scheduled for February 12, 2026.
• Suvidhaa Infoserve Ltd: CFO Prashant Thakar resigned effective February 9, 2026.

Neutral / Others:

• Muthoot Microfin Ltd: Recorded Dec-quarter net profit of ₹624.4 mln; additionally approved issuance of non-convertible debentures up to ₹20 bln to support growth and lending operations.
• Krishna Defence & Allied Industries Ltd: Signed an MoU with the Ministry of Steel, India, aimed at collaboration under government initiatives.
• Sheetal Universal Ltd: Approved fund raising of up to ₹298.2 mln via issuance of warrants.
• Automobile Products of India Ltd: Approved equity share issuance to raise up to ₹1.4 mln.
• HUDCO: Board to consider issuance of non-convertible debentures on February 13.
• India Pesticides Ltd: Re-appointed Dheeraj Kumar Jain as Chief Executive Officer.
• Premier Energies Ltd: Invested in Heliosanthos and will hold an equity stake in the joint venture entity.
• Arihant Capital Markets Ltd: Re-appointed Arpit Jain as Joint Managing Director.
• Manbro Industries Ltd: Approved a share split in the ratio of 1:10; CFO Nihit Agarwalla resigned effective February 9, 2026.
• Linde India Ltd: CFO Neeraj Kumar Jumrani to step down from office on February 15, 2026.
• B & A Packaging India Ltd: Announced investment requirement of ₹150 mln to expand manufacturing capacity for flexible laminates.
• Golkunda Diamonds & Jewellery Ltd: Board to consider fund raising through equity shares or warrants.

Non-Corporate, Unlisted & Foreign / Macro:

1) Government of India: To conduct bond auctions worth ₹310 bln on February 13, including ₹130 bln of 7.43% 2076 bonds and ₹180 bln of new 2031 bonds.
2) India Fuel Consumption: January diesel sales rose 3.3% YoY and petrol sales increased 6.1% YoY; overall fuel sales rose 2.9% YoY to 21.05 mln metric tonnes.
3) India Foreign Ministry: Reiterated strategy to diversify crude oil sourcing, prioritising energy security, affordability, and reliable supply for consumers.
4) United States Defence: US military conducted maritime interdiction and boarding operations in the Indo-Pacific without incident.
5) Markets: Indian Rupee closed 0.1% lower at 90.7625 per US dollar; Nifty 50 index provisionally ended 0.66% higher.

Bulk Deals:

Tribhovandas Bhimji Zaveri
Malabar Gold and Diamonds sold 5.49 lakh shares, representing 0.82 percent of the paid-up equity, in Tribhovandas Bhimji Zaveri (TBZ) at Rs 170.68 per share, amounting to Rs 9.38 crore. This was in addition to the 0.79 percent stake sold by Malabar Gold in TBZ on January 19. As of December 2025, Malabar Gold held a 2.89 percent stake in TBZ.

On-going IPO:
Last Date 10-Feb
Biopol Chemicals Ltd (NSE SME) [3]
PAN HR Solution Ltd (BSE SME)

Last Date 11-Feb
Fractal Analytics Ltd
Aye Finance Ltd

Upcoming IPO:
12-Feb to 16-Feb
Marushika Technology Ltd (NSE SME)

Securities Trading Ex-Dividend on February 10, 2026
Apollo Tyres Ltd, BMW Ventures Ltd, CCL Products (India) Ltd, Emami Ltd, Jubilant Ingrevia Ltd, NHPC Ltd, PTL Enterprises Ltd, RITES Ltd, Transport Corporation of India Ltd, TSF Investments Ltd, Tube Investments of India Ltd, Wealth First Portfolio Managers Ltd
Securities Trading Ex-Income Distribution on February 10, 2026
Capital Infra Trust (InvIT), Knowledge Realty Trust (REIT), Shrem InvIT
Securities Under F&O Ban on February 10, 2026
SAMMAANCAP, SAIL

Source: WOWNEWS24X7, Moneycontrol, Investing.com