POST MARKET
Indian equity markets extended their winning streak for a third straight session on February 10, supported by broad-based buying across sectors and positive cues from global markets.
At close, the Sensex was up 208.17 points or 0.25 percent at 84,273.92, and the Nifty was up 67.85 points or 0.26 percent at 25,935.15. About 2456 shares advanced, 1605 shares declined, and 155 shares unchanged.
Barring pharma and PSU Bank, all other sectoral indices ended in the green, with the media index rising 2 percent and the auto index gaining 1 percent.
The top gainers on the Nifty included Eternal, Tata Steel, Bajaj Auto, ONGC, and M&M, while the laggards were Shriram Finance, HCL Tech, Dr Reddy’s Labs, Bajaj Finance, and Bharti Airtel.
Among the broader market indices, the Nifty Midcap and Smallcap indices also advanced 0.4 percent each.
STOCKS IN NEWS
Samvardhana Motherson
Automotive components manufacturer Samvardhana Motherson shares went up 4.33 percent on Feb 10, after the company reported a consolidated net profit of Rs 1,024 crore for Q3 FY26, marking a 16.5 percent year-on-year (YoY) increase from the Rs 879 crore net profit reported in Q3 FY25.
Gokaldas Exports
The shares of Indian textile export company Gokaldas Exports dropped almost 8 percent on February 10 after the US and Bangladesh announced the conclusion of their agreement on reciprocal trade. This comes after the stocks sharply surged earlier following the announcement of the India-US trade framework.
Edelweiss Financial Services
Shares of Edelweiss Financial Services rose almost 9 percent on February 10 as the firm’s net profit more than doubled in the December quarter and the firm announced that US- based Asset manager Carlyle will acquire a 45% stake in the company’s unit Nido Home Finance for Rs 2,100 crore.
Eternal
The shares of Zomato-parent company Eternal hiked over 5 percent, after they launched a dedicated AI-powered hotline (89200 89200) to simplify the onboarding and verification process for delivery partners in just a few minutes.
Ramco Cements
Shares of Ramco Cements slip after missing estimates for quarterly core profit. The shares declined almost 3 percent on February 10 as the South India-focussed cement maker posted a rise in third-quarter profit but fell short of volume growth expectations.
Source – Moneycontrol
