Indian stocks to gain only modestly in 2023 despite RBI rate hike pause: Poll
Indian equity strategists have scaled back their year-end outlook as a new bull run in India's already-richly valued stock market is unlikely, according to a Reuters poll. The Sensex and Nifty 50 indexes were expected to gain 3.8% and 4.6%, respectively, from Tuesday's close to end-2023, slightly downgraded from a February poll. Over 70% of analysts believe Indian stocks will trade in a narrow range for the next three months. While an end to the RBI's modest rate-hiking cycle was positive, the high probability of a U.S. recession this year is likely to limit Indian stocks' gains. Key Points
Economic TimesTop gainers, losers today: RIL, Tata Steel, Titan, HCL Tech among most active stocks; check full list
Sensex and Nifty closed with modest gains, led by rises in Reliance Industries shares. Market sentiment cautious ahead of macroeconomic data and earnings. Top gainers were Reliance Industries, Tata Steel, Bharti Airtel. Top losers were Titan Company, HCL Technologies, Power Grid Corporation. Key Points
mintIndia's Orient Electric posts Q2 profit on one-time gain, steady demand
Appliances maker Orient Electric (ONTE.NS) on Friday reported a second-quarter profit, aided primarily by a one time gain from land sale and buoyed by steady demand for its consumer durables business. Key Points
ReutersBeware Apple users: Your iPhone, Macbook and other products are at high risk, urgent update required
A high-severity security alert has been issued by CERT-In for multiple vulnerabilities affecting Apple products. if exploited these could allow attackers to gain unauthorised access and control of devices. Key Points
India TodayAsian shares ride high in Q1 but steel for US inflation data
MSCI's broadest index of Asia-Pacific shares outside Japan jumped 1% on Friday, heading for its first March gain in four years with a rise of 2.9%, as fears of a global banking crisis receded. Key Points
FinancialexpressOil heads for first monthly gain this year as supply tightens
By Arathy Somasekhar and Muyu Xu (Reuters) - Oil prices edged higher on Friday with Brent poised for its first monthly gain this year, as a big drawdown in U.S. oil stocks outweighed concerns that Key Points
ThePrint'Devendra Fadnavis misusing Sharad Pawar's name to outshine Eknath Shinde': NCP
The NCP has accused Devendra Fadnavis of using party chief Sharad Pawar's name to gain publicity and overshadow Chief Minister Eknath Shinde. Fadnavis claimed in a recent TV interview that Pawar had initially agreed to form a government with the BJP in 2019 but backed out later. Key Points
India TodayGlobal stock index edges up, dollar dips after US inflation reading
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) -MSCI's global stock index barely rose on Friday while the U.S. dollar edged down after the U.S. Federal Reserve's favored inflation reading Key Points
ThePrintSensex surges 500 points, Nifty nears 19,800 on global cues; here’s all you need to know
India Business News: The BSE Sensex surged by 500 points, reaching 66,538, while the Nifty50 traded at 19,827, marking a gain of 136 points around 10.50 am. Key Points
Times Of IndiaIndian rupee marks weekly gains on FII inflows; traders might see profit-booking at 83 level
The Indian rupee recorded its first weekly gain in three weeks due to rallies in domestic equities and foreign fund inflows. The rupee's strength is expected to be supported by month-end dollar inflows, central bank intervention, and lower crude oil prices. Key Points
Financialexpress
5 largecaps that beat last month's volatility, with an upside potential upto 21%
All thanks to the US Fed move to raise interest rates, sudden change in mutual fund taxation laws, news flow on Adani group, have ensured that bears continue to rule Wall street and Dalal street market. The market breadth and all other market parameters have moved back into the deep correction zone.These large cap companies have shown an improvement in their SR score even in such turbulent times. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters. Key Points
Economic TimesED says Congress leader Salman Khurshid's wife Louise, two others laundered govt funds
The Enforcement Directorate has accused Salman Khurshid's wife, Louise Khurshid, and two others of laundering Rs 71.50 lakh in central government funds for personal gain. They allegedly diverted funds meant for government-sanctioned camps through the Dr Zakir Hussain Memorial Trust. The ED has attached 15 land parcels and bank deposits worth Rs 45.92 lakh under the PMLA. This case is linked to FIRs filed by the UP Police's Economic Offences Wing. Key Points
Economic TimesRupee rises 4 paise to settle at 82.97 against US dollar
Mumbai, Feb 20 (PTI) The rupee appreciated 4 paise to settle at 82.97 against the US dollar on Tuesday amid robust equity market sentiment and a weak American currency. Forex traders said sustained foreign funds outflows capped a sharp gain in the domestic currency. At the interbank foreign exchange market, the local unit opened at […] Key Points
ThePrintIndia's Raymond Q1 profit jumps on one-off gain from consumer business sale
Indian textiles maker Raymond (RYMD.NS) reported on Friday a multifold jump in first-quarter profit, helped by an exceptional gain from the sale of its consumer business. Key Points
ReutersAsian shares tentative on global growth concerns, Japan surges
The U.S. dollar benefited from safe-haven flows amid growth concerns and banking worries, holding onto its 0.6% gain overnight at 102.05 against a basket of currencies. Key Points
Financialexpress
Ahead of Market: 10 things that will decide D-Street action on Monday
After a gap-up opening, Nifty faced resistance around 19,250-19,300 levels, and we can see maximum put writing at 19,200 levels, which may act as strong support for Nifty. We can see maximum open interest in the 19,300 call option, so one should only be bullish on Nifty if it closes above its crucial 100-day moving average, which is placed at 19,300, said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities. Key Points
Economic TimesBest weight gainer: 10 options to see maximum results
Best weight gainer: Discover the key to unlocking your potential with our guide on choosing the best weight gainer under Rs. 3000 for maximum results. | Health Key Points
Hindustan TimesUS dollar poised for biggest weekly gain since mid-January; yen falls ahead of BOJ
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose to a more than one-week high on Friday after a mixed batch of data showed the U.S. economy remained stable with small pockets of Key Points
ThePrintStocks bide time ahead of US data triple-whammy
By Amanda Cooper LONDON (Reuters) -Global shares hovered near record highs on Thursday, while the dollar headed for its first weekly gain in a month, ahead of a trio of U.S. data releases that has the Key Points
ThePrintSensex rises, Nifty at record high; Zee shares tank 10%
The NSE Nifty 50 hit a new high, rising by 0.23% to 22,248.85, then settling with a smaller gain of 0.12% at 22,223.50. Similarly, the S&P BSE Sensex increased by 0.10%, reaching 73,128.13 by 9:20 a.m. IST. Key Points
India TodayGold set for best week in 7 as dollar softens ahead of US jobs data
By Harshit Verma (Reuters) - Gold prices were poised for their biggest weekly gain in seven on Friday as the dollar and Treasury yields retreated, while traders awaited key U.S. jobs data due later in Key Points
ThePrintGold set for best week in 9 as dollar softens ahead of US data
By Harshit Verma (Reuters) - Gold prices were poised for their biggest weekly gain in nine on Friday as the dollar and Treasury yields retreated, while traders awaited key U.S. jobs data due later in Key Points
ThePrintBihar CM Nitish Kumar: Budget positive, Bihar's progress will gain momentum
Budget News: Bihar CM Nitish Kumar praises the interim Budget and expresses confidence in Bihar's progress. He appreciates the increase in loan for higher education and the opening of new railway corridors. With the NDA coalition government, development work is expected to gain momentum. Key Points
Times Of IndiaSensex soars over 1,200 pts with RIL surging nearly 7%
India Business News: The sensex jumped 1,241 points, the highest single-day gain since Dec 4, 2023, with Reliance Industries leading the rally. Nifty also gained 385 points. Despite rising crude oil prices and an attack on a US defence base in Jordan, the stock market showed strong gains. Reliance Industries saw its best daily gain in about three years. Key Points
Times Of IndiaMicrosoft hits $3 trillion value, cementing strength of AI rally
The stock rose as much as 1.3% to $403.95, resulting in a market capitalization of $3 trillion. The threshold cements Microsofts status as one of the largest public stocks. It briefly surpassed Apple Inc. in value — which last year became the first company to hit $3 trillion — but subsequently dropped back below the iPhone maker, with the two trading places ever since. Key Points
Economic Times
Stock Market Today: Nifty 50, Sensex end higher; investors earn over ₹2 lakh crore in a day
Nifty 50 closed 95 points, or 0.48 per cent, higher at 19,889.70 while the Sensex ended with a gain of 204 points, or 0.31 per cent, at 66,174.20. Key Points
mint41 smallcaps deliver double-digit weekly gains even as investors turn cautious
In the midcap segment, only Supreme Industries rose in double-digits with 13% gain. New India Assurance and Crisil were distant close, with 9% and 7% gains, respectively.Among the Sensex pack, Nestle India topped the charts with 3.07% returns, followed by Ultratech at 1.07% and Power Grid at 0.6%. Key Points
Economic TimesRoku shares set for biggest daily percentage gain in four years
Shares of video streaming company Roku Inc (ROKU.O) jumped 25% on Friday and were on track for their biggest daily percentage gain since May 2019 after the streaming device maker gave an upbeat quarterly revenue forecast. Key Points
ReutersWall Street climbs on signs of easing inflation; chip stocks gain
U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s Key Points
Business TodayZee Entertainment shares fall over 6.50 per cent
In the broader equity market, the 30-share BSE benchmark traded with a gain of 328.44 points or 0.52 per cent at 63,053.15. Key Points
Financialexpress
Sensex rises 200 points, Nifty above 18,650; Adani stocks gain up to 3%
Nifty has been struggling to break the upper end of 18300-18600 range, but now the market construct favours a breakout. Globally, the market backdrop is favourable with both US and European markets consolidating and slowly gaining strength. Markets b Key Points
Times Of IndiaStock Market Today: Sensex, Nifty end flat amid weak global cues; mid, smallcaps outperform
Sensex closed with a nominal gain of 5 points at 62,792.88 while the Nifty also ended 5 points higher at 18,599. Key Points
mintMukesh Ambani’s Reliance has stock analysts most bullish in 7 years
The stock is down 3% so far in 2023 compared with a gain of 1.5% in the S&P BSE Sensex Index, hurt in part by a decline in crude prices. Thirty-three of the 38 analysts that cover the conglomerate have buy ratings, with many citing attractive valuations as well as optimism for its various oil-related, consumer and telecom businesses. Key Points
Economic Times