After remaining net sellers for the previous two sessions, FIIs turned net buyers on February 17, purchasing equities worth Rs 995 crore. Meanwhile, DIIs extended their buying streak to the fourth consecutive session, acquiring equities worth Rs 187 crore.
Nifty Midcap and smallcap indices up 0.4% each. On the sectoral front, except IT (down 1.3) all other indices ended higher with metal, FMCG, PSU Bank indices up 1% each. Tata Steel, HDFC Life, ITC, Tata Consumer, Axis Bank were among major gainers on the Nifty, while losers were ONGC, Eternal, Wipro, Tech Mahindra, Adani Enterprises.
Lag effects of softer monetary policy, the stimulus of GST rationalisation and the better prospects of manufactured exports post ratification of trade deals is expected to improve this earnings growth momentum further into the mid teens later into the year.
XED Executive Development IPO | The public issue will be open to eligible investors under the IFSCA framework, including non-resident Indians, foreign portfolio investors, institutional investors, and other permitted overseas participants.
Equity futures point to gains for Australian and Japanese benchmarks, after the S&P 500 finished flat on Tuesday in another volatile session
The Nifty 50 needs to surpass and sustain above the 25,750–25,800 zone for a move toward the 25,900–26,000 levels; however, the immediate key support is placed at 25,600.
The market may remain in positive territory amid volatility. Below are some short-term trading ideas to consider.
Stocks to Watch, 18 Feb: Stocks like Infosys, Saatvik Green Energy, Hexaware Technologies, Eternal, Dilip Buildcon, Dabur India, Bharat Heavy Electricals, Healthcare Global Enterprises, NDL Ventures,and Engineers India will be in focus on February 18.
If Nifty 50 manages to close and sustain above 25,750, a rally toward the 25,900–26,000 levels cannot be ruled out in the upcoming sessions. However, 25,600 is expected to act as immediate support, followed by 25,500 as a crucial support level, according to experts.
Aica Kogyo Company already acquired 10% stake in Stylam Industries last week.
Shree Ram Twistex IPO | The company is raising Rs 110.24 crore at the upper price band via initial public offering.
The FMCG major has recently conducted the ground-breaking ceremony of its Rs 400 crore manufacturing facility in Tamil Nadu, the company's first plant in South India
In a 2017 interview that is being widely circulated on X, Agrawal says that the flat where he lives was sold to the original buyers back in 1975-76 at Rs 125 per square feet. 'Today, that is about Rs 1.25 lakh per square feet,' he added.
The Bank Nifty continued to outperform, ending near the 61,200 mark with a gain of 0.37 percent, added Shah.
SRF share price: Kama Holdings said the stake disposal will be completed by March 2027, and will result in the promoter’s stake falling below the 50% threshold.
Analysis of data from 122 countries shows that more sophisticated the financial system and greater the institutional strength, bank deposits and financial markets can grow together
On the sectoral front, PSU Bank index up 2 percent, IT index up 1 percent, media index rises 0.6 percent, auto index up 0.5 percent, while metal down 1 percent and realty index down 0.3 percent.
Maruti Suzuki announced that it has commenced its sales of e VITARA BEV at an introductory Battery-as-a-service price of Rs 10.99 lakh.
Catch Lovisha Darad in conversation with Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One Ltd and Anil Rego, Founder and Fund Manager at Right Horizons PMS
The brokerage has set a target price of Rs 1,260, indicating an upside potential of 49 percent from Monday’s closing price.
Bank Nifty: The index has now risen nearly 2 percent (around 1,055 points) in two consecutive sessions of gains.
The Fed might cut rates despite a healthy economy and a weakening dollar
Addtionally, the company reported consolidated net profit of Rs 6.45 crore, up over 135 percent year-on-year from Rs 2.71 crore in the same quarter last year.
The Rs 380-crore IPO of PNGS Reva Diamond Jewellery will open for public subscription on February 24.