Gold prices remained stable as investors assessed U.S.-Iran nuclear talks, while a strong dollar pressured the yellow metal. Despite slight increases in jobless claims, the labor market appears steady. Markets anticipate Federal Reserve rate cuts, though economic optimism could temper this outlook.Read More
Global currency markets saw the Australian dollar surge on hawkish central bank expectations, while the Japanese yen weakened due to political interference in monetary policy. Shifting interest rate outlooks dominated currency movements this month, with investors now focused on which central banks will lead in rate hikes, not cuts.Read More
Manilam Industries is set to list on the NSE SME platform on February 27. The IPO closed on February 24 and was subscribed 6.25 times overall. The company plans to use the funds for equipment, solar panels, loan repayment, and working capital. Manilam Industries manufactures decorative laminates and trades in plywood.Read More
PNGS Reva Diamond Jewellery’s Rs 380 crore IPO finalizes allotment on February 27, with shares set to list on March 4. The IPO saw overall subscription of 1.30 times, but a negative grey market premium suggests limited listing gains. The company operates 34 stores across three states and reported strong profitability in FY25.Read More
Markets are expected to trade range-bound with stock-specific action driven by domestic demand and policy. Analysts recommend focusing on domestic-facing sectors like PSU banks, autos, healthcare, metals, and capital goods due to stronger demand visibility amid global volatility. The RSI indicates weakening momentum, suggesting a potentially weak near-term sentiment.Read More
Markets traded with volatility on Thursday, ending almost unchanged amid mixed cues. Vishal Mega Mart promoter entity plans to sell a 6.5% stake at a discount. Bharti Airtel’s entry into the NBFC space is seen as a strategic growth driver, while Bandhan Bank received RBI approval for SBI Mutual Fund’s stake acquisition.Read More
Asian stocks saw a slight dip from their peak levels. This followed a downturn in Wall Street markets. Investor sentiment was impacted by a subdued response to Nvidia’s earnings report. Despite this, Asian equities continue to outperform global benchmarks this year. Investors are focusing on companies involved in the artificial intelligence supply chain.Read More
National Asset Reconstruction Company of India (NARCL) plans to bid approximately ₹900 crore for Videocon Oil Ventures’ (VOVL) stressed debt, which has admitted claims of ₹30,640 crore. After months of negotiations and addressing complexities, the bad bank has formalized its offer, potentially leading to a Swiss Challenge process.Read More
Indian banks are bracing for higher funding costs on certificates of deposit and large-ticket deposits, as robust year-end credit demand collides with a liquidity squeeze. With the credit-to-deposit ratio at a record high, lenders see borrowing rates staying elevated at least until March, complicating efforts to sustain strong loan growth while protecting margins.Read More
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