SBI shares are set to remain in focus after the lender reported its highest-ever quarterly profit in Q3FY26, supported by healthy loan growth, stable margins and improving asset quality. Brokerage firm Nuvama Research upgraded its outlook on the stock and raised its target price, citing strong operating performance and sustained credit growth visibility.Read More
IREDA shares are set to remain in focus after the board approved a Rs 2,994 crore QIP to raise capital while limiting government dilution. The announcement follows strong quarterly and nine-month financial performance, with robust growth in revenue, profits and lending activity, even as the stock remains under technical pressure.Read More
Tata Steel reported a significant 723% year-on-year surge in its December quarter consolidated net profit, reaching Rs 2,689 crore. Revenue also saw a 6% increase to Rs 57,002 crore, driven by strong performance in India with record crude steel production and deliveries. The company reaffirmed its India growth strategy, focusing on expansion and acquisitions.Read More
Five stocks from the Nifty200 index triggered bullish technical signals after forming the White Marubozu candlestick pattern on February 6. The pattern indicates strong buying interest throughout the trading session and is widely tracked by traders to assess potential trend reversals or continuation in stock prices.Read More
Anand Rathi Share and Stock Brokers Limited is under scrutiny after reporting a Rs 13 crore fraud involving off-market share transfers from a client’s demat account. The company stated that unknown individuals, allegedly with the connivance of group company employees, committed fraud, cheating, and document fabrication. Investigations are ongoing, and legal action is being initiated.Read More
Indian IT stocks are experiencing a sharp selloff, with billions in market value lost. Fears that AI automation could disrupt the traditional outsourcing model, particularly in areas like ERP implementation, are driving the decline. While some analysts remain cautiously optimistic about the sector’s role in AI adoption, investors are reassessing the future of India’s tech...Read More
Asian markets opened higher, mirroring a Wall Street surge. Investors are showing renewed interest in cyclical stocks, moving away from technology. This shift comes as markets assess demand and intense scrutiny on artificial intelligence valuations. A strong performance in Japan’s Nikkei 225 index also boosted sentiment. This sets a dynamic tone for the week ahead.Read More
In a bold turn of events, the Japanese Yen lost some ground against the US Dollar after Prime Minister Sanae Takaichi’s party achieved a remarkable supermajority. This victory opens the door for increased government expenditure, prompting investors to dissect the impending fiscal plans.Read More
Monday brought good news for precious metals as gold and silver values rose in response to a weakening U.S. dollar, opening the door for international investors. The upcoming labor market report from the U.S. has everyone’s attention, as it may hint at the Fed’s next moves on interest rates. Additionally, Asian stock markets enjoyed a...Read More
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