This story is from February 8, 2023

Adani Power, Ambuja Cements, Cummins India and other stocks in news today

Trends in the SGX Nifty indicate a positive opening for the broader index in India.
Adani Power, Ambuja Cements, Cummins India and other stocks in news today
Trends in the SGX Nifty indicate a positive opening for the broader index in India. The BSE Sensex was down 221 points to 60,286, while the Nifty50 fell 43 points to 17,722 at the close on Tuesday.
US stocks rallied to a convincingly higher close on Tuesday, but trade was choppy as investors digested comments from Federal Reserve Chair Jerome Powell about how long the central bank might need to tame inflation.

The Dow Jones Industrial Average rose 265.67 points, or 0.78 percent, to 34,156.69, the S&P 500 gained 52.92 points, or 1.29 percent, to 4,164 and the Nasdaq Composite added 226.34 points, or 1.9 percent, to 12,113.79.
Asia-Pacific markets traded mixed on Wednesday. The Nikkei 225 fell 0.34 percent, while the Topix gained 0.12 percent. The Kospi in South Korea rose 0.68 percent.
Most experts feel that the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will hike the key policy rate by 25 basis points today, while economists at SBI say that the central bank may hit the pause button, maintaining the current 'withdrawal of accommodation' stance.
Stocks in news
Shree Cement, Adani Power, Adani Wilmar, Cummins India, Escorts Kubota, Dreamfolks Services, Endurance Technologies, Equitas Small Finance Bank, GATI, Gujarat Pipavav Port, Graphite India, HG Infra Engineering, Honeywell Automation India, IRCON International, ITD Cementation India, Minda Corporation, Samvardhana Motherson International, Narayana Hrudayalaya, Oberoi Realty, Piramal Enterprises, Speciality Restaurants, Symphony, Tracxn Technologies, Trent, and Windlas Biotech will be in focus ahead of its quarterly earnings on February 8.

The National Stock Exchange has added Ambuja Cements on its F&O ban list for February 8, but removed Adani Ports from the same list.
Hero MotoCorp: The two-wheeler major has recorded a 3.6% year-on-year increase in standalone profit at Rs 711 crore for quarter ended December FY23, led by other income but impacted by weak operating performance.
Adani Green Energy: The renewable energy arm of the Adani Group has registered a 110% year-on-year increase in consolidated profit at Rs 103 crore for December FY23 quarter despite weak operating performance and exceptional loss, supported by other income and strong topline.
Sobha: The south-based real estate firm has reported a 48% year-on-year decline in consolidated profit at Rs 31.8 crore for quarter ended December FY23, impacted by weak operating performance.
Bharti Airtel: The telecom operator has reported a 26% sequential decline in consolidated profit at Rs 1,588 crore for three-month period ended December FY23, impacted by licence fee provision
Aurobindo Pharma's Aurolife Pharma has received a final approval from the US Food & Drug Administration (USFDA) to manufacture and market Diclofenac Sodium Topical Solution USP.
Union Bank of India plans to raise funds through the sale of certificates of deposit maturing in one year. The state-run lender will offer a yield of 7.72% on the issue and has received commitments worth around Rs 1500 crore so far.
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