As suggested by SGX Nifty futures, the stock benchmark may have started the trading session on a calmer note on Thursday, quoting 20 points lower at 17,880. Today, weekly F&O expiry will also influence market sentiment.

Wall Street closed lower on Wednesday after Fed officials reiterated the need to raise interest rates. The S&P 500 fell 1%, and the Nasdaq lost about 1.7%.

Adani Power: The company on Wednesday reported a 96% drop in consolidated net profit at Rs 8.77 crore for the December quarter of 2022-23, mainly due to higher expenses. The company said in a BSE filing that it had posted a profit of Rs 218.49 crore in the same period last year. Total revenue rose to Rs 8,290.21 crore from Rs 5,593.58 crore a year earlier.

RIL: Reliance Industries Ltd and British oil major BP’s giant MJ deepwater project in the KG-D6 block is about to start production, significantly boosting gas production from the prized east coast asset. Sashi Mukundan, president and country head of BP Group India, told India Energy Week that the MJ field would come on stream this quarter.

Adani Group stocks: MSCI has initiated a free float review of Adani Group securities, and it believes that certain investors should no longer be designated as free float. Free float changes will be announced in the February 2023 review today. Apart from Adani Wilmar and NDTV, the rest of the group stocks, namely Adani Enterprises, Adani Ports, Adani Total Gas, Adani Green, Adani Transmission, Adani Power, ACC and Ambuja Cements, are part of the MSCI Global Standard Index.

Larsen & Toubro: The company received an order worth Rs 2,585 crore from the Ministry of Defence to supply 41 modular bridges to the Indian Army Corps of Engineers. Modular bridges are manufactured using modules that can be quickly installed on-site.

Navin Fluorine: Commercial production has begun at the Dahej plant of the company’s subsidiary, Navin Fluorine Advanced Sciences.

RBL Bank: The bank received approval from the Reserve Bank of India to reappoint Rajeev Ahuja as executive director for a three-year term effective February 21, 2023.

Indian Bank: The bank has raised its benchmark repo rate to 6.5%.

Gujarat Pipavav Port: The company reported an 89% year-on-year rise in consolidated profit to Rs 84.4 crore in Q3FY23 despite higher input costs. Operating income for the quarter rose 49% year-on-year to Rs 250.6 crore, while margins expanded by 512 basis points year-on-year.

Kabra Extrusiontechnik: The company has approved a new manufacturing facility in North India for its futuristic technology brand Battrixx

Trent: The company reported that consolidated profit rose nearly 20% year-on-year to Rs 167 crore for the three months ending December 2023. It posted a record quarterly revenue of Rs 2,303.4 crore, up 54% year-on-year.

Kirloskar Industries: The Board of Directors will meet on February 11, 2023, to consider raising additional capital through a rights issue, a preferential placement or any other means permitted by applicable law.

Oberoi Realty: The Mumbai-based real estate company’s consolidated profit rose 50.3% year-on-year to Rs 702.6 crore in the quarter that ended December 2023, bolstered by healthy revenue and operating performance. Consolidated revenue for the quarter rose 96% year-on-year to Rs 1,630 crore.

Piramal Enterprises: On Wednesday, the financial services arm of Piramal Group posted a 300% year-on-year rise in net profit to Rs 3,547 crore for the third quarter that ended December 31, 2022. Its operating income rose 41.4% to Rs 3,231.6 crore during the period.

Equitas Small Finance Bank: The lender said on Wednesday that its quarterly payout hit an all-time high of Rs 4,797 crore, up 68% year-on-year in the third quarter. The company reported a 57.4% year-on-year rise in net profit to Rs 170.1 crore in the third quarter, the highest quarterly PAT.

Techno Electric & Engineering Company: The company has disposed of 37.50 MW out of the 111.90 MW wind power assets in Tamil Nadu for a consideration of approximately Rs 158.93 crore and entered into MOUS for the sale of another 71.40 MW. In 2011, the installed capacity of wind power assets was 111.90 MW.

Asian Energy Services: Its board has approved the acquisition of a 50% participating interest in the oil and gas field located in Indrora, Gujarat, from Oilmax Energy (promoter/holding company).