Pre Market: India Markets Rally on US Trade Deal, SBI Leads Banking Gains

Pre Market: India Markets Rally on US Trade Deal, SBI Leads Banking Gains

1. GLOBAL MARKET SUMMARY

US Market Overnight

• S&P 500: 6,964.82 (+32.52, +0.47%)
• Dow Jones Industrial Average: 50,135.87 (+20.20, +0.04%)
• NASDAQ Composite: 23,238.67 (+207.46, +0.90%)

European Markets

• FTSE 100 (UK): 10,386.23 (+16.43, +0.16%)
• DAX (Germany): 25,014.87 (+293.41, +1.19%)
• CAC 40 (France): 8,323.28 (+49.44, +0.60%)

Asian Markets

• Nikkei 225 (Japan): 57,773.07 (+1,409.13, +2.50%)
• Hang Seng Index (Hong Kong): 27,159.78 (+132.62, +0.49%)
• KOSPI Composite Index (South Korea): 5,304.63 (+6.59, +0.12%)
• Shanghai Composite (China): 4,122.34 (-0.75, -0.02%)

2. KEY HEADLINES & EVENTS (Last 16-17 Hours)

Company Results & Announcements (India)

Q3 Earnings Results:

• BSE: Shares jump 5% to record high after Q3 profit soars 174% year on year, revenue up 62%
• State Bank of India: Logs biggest single-day gain in 19 months on strong Q3 results; profit rose sharply
• Navin Fluorine International: Q3 net profit soars 122% year on year to Rs 185 crore, revenue rises 47%
• Ramco Cements: Q3 net profit jumps 19% to Rs 387 crore, revenue increases 6.2% to Rs 2,105 crore
• Happiest Minds Technologies: Q3 profit drops 19.5% year on year, revenue rises 10.7% driven by strong deal wins
• Crompton Greaves Consumer Electricals: Q3 net profit slips 10% year on year to Rs 101 crore, margins decline despite 7.3% revenue rise

Mergers & Acquisitions:

• Marico: Arm acquires 75% stake in Vietnam’s Skinetiq for Rs 262 crore, expanding premium beauty and D2C presence
• Actis LLP: Enters race to re-acquire Sprng Energy from Shell; deal could value clean energy platform at up to $2 billion
• Hillhouse Investment Management: Nearing deal to acquire 5% stake in Quest Global, valued at approximately $4.5 billion

IPO Market:

• Aye Finance IPO: Day 2 shows muted response with low subscription rates; Rs 1,010 crore issue opened to subdued investor interest; Grey market premiums flat; IPO closes on February 11

Corporate Developments:

• Jewellery Stocks: Rally on back of US-India trade deal that reduced tariffs on jewellery exports; Kalyan Jewellers and Titan among gainers
• Auto Component Stocks: Surge up to 5% as India-US deal signals cost relief; Bharat Forge to Motherson among beneficiaries
• Adani Energy: Secured financing for a green energy transmission project

Government & Regulatory Announcements (India)

• SEBI Proposals: Sebi proposes automatic withdrawal, transfer facility for demat-held mutual fund units, aligning demat and SOA holdings
• NHAI: Public InvIT to come up with IPO in February
• DIIs vs FIIs: Domestic Institutional Investors eclipse Foreign Institutional Investors in Nifty 50 holdings, indicating increased domestic participation

Global News & Events

Trade & Economic Policy:

• US-India Trade Deal: Interim India-US trade deal framework drives market optimism; tariff reductions expected on various exports
• Commodities: Gold and silver prices decline on profit booking amid dollar’s rise; MCX gold down 1.6%, silver down 4%

Global Corporate Actions:

• Alphabet: Looks to raise about $15 billion from US bond sale
• Meta Platforms: Stock can potentially join $4 trillion club by 2032, according to US-based financial advisory firm

3. WHAT TO WATCH TODAY

Scheduled Earnings Releases (February 10, 2026)

• Titan Company Ltd: Board Meeting - Quarterly Results
• Grasim Industries Ltd: Board Meeting - Quarterly Results
• Eicher Motors Ltd: Board Meeting - Quarterly Results
• Britannia Industries Ltd: Board Meeting - Quarterly Results
• Samvardhana Motherson International Ltd: Board Meeting - Quarterly Results
• Nirlon: Result Date - February 10, 2026
• ADC India Communications: Result Date - February 10, 2026
• United Breweries: Result Date - February 10, 2026
• ESAB India: Result Date - February 10, 2026
• PS IT Infrastructure & Services: Result Date - February 10, 2026

IPO Activity

• Aye Finance IPO: Day 2 of subscription; continues through February 11, 2026

Commodity Market Watch

• Gold Price: ₹1,57,187 per 10 grams (-0.56%)
• Silver Price: ₹2,58,009 per kg (-1.76%)
• Crude Oil: Monitoring for any supply-related developments

Scheduled Corporate Events

• Board meetings for major conglomerates including Titan, Grasim, Eicher Motors, Britannia, and Samvardhana Motherson
• Continued subscription activity for Aye Finance IPO

4. SUMMARY

Indian markets are poised to open with positive sentiment following strong overnight gains in US markets, particularly in technology-heavy NASDAQ which rallied 0.90%. European markets also posted gains, with Germany’s DAX leading at +1.19%. Asian markets show mixed performance, with Japan’s Nikkei surging 2.50% while Shanghai Composite declined marginally.

Key focus for today’s trading session includes strong Q3 results from major Indian companies. State Bank of India posted robust earnings, leading to its biggest single-day gain in 19 months. BSE surged 5% to a 52-week high after reporting a 174% jump in Q3 profit. Navin Fluorine and Ramco Cements also delivered strong quarterly performances.

The India-US interim trade deal framework continues to drive market optimism, particularly benefitting jewellery stocks and auto component manufacturers due to tariff relief expectations. However, not all sectors performed well, with Crompton Greaves and Happiest Minds reporting profit declines for the quarter despite revenue growth.

On the M&A front, Marico’s acquisition of Vietnam’s Skinetiq and Actis’s bid to re-acquire Sprng Energy highlight continued strategic moves by Indian and global investors. The IPO market remains muted with Aye Finance showing weak subscription rates on day 2.

Gold and silver retreated on profit booking amid dollar strength, with both precious metals declining over 1.5%. SEBI’s proposed regulatory changes for mutual funds could enhance flexibility for investors in demat-held units.

Today’s trading session will be influenced by scheduled board meetings and results from major companies including Titan, Grasim, Eicher Motors, and Britannia, alongside continued subscription activity in the Aye Finance IPO.

Details for information purposes only. Don’t treat this as financial advice.