KEY HIGHLIGHTS
Economic Data Releases And Events For Feb 17
Germany: Deutsche Bundesbank President Joachim Nagel will speak at at the Union International Club, in Frankfurt — 4:30 p.m.
US: Federal Reserve Bank of Philadelphia President Patrick Harker will speak at the Global Interdependence Center Central Banking Series hosted by the University of the Bahamas, in Nassau — 8:00 p.m.
US: Federal Reserve Governor Michelle Bowman will speak at the American Bankers Association Conference for Community Bankers, in Phoenix — 8:50 p.m.
US Futures Rise In European Session
As of 3:28 p.m., the Dow Jones Industrial Average and S&P 500 futures were trading 0.13% and 0.19% higher. The Nasdaq 100 futures was 0.22% higher.
Markets are closed in the US for President's day.
Also Read: Why Is The US Stock Market Closed Today?
Stock Market Highlights: Nifty, Sensex Snap Eight-Day Losing Streak; Adani Enterprises, Bajaj Finserv Top Gainers
The NSE Nifty 50 and BSE Sensex snapped a eight-day losing streak Monday.
The Nifty 50 and Sensex ended 0.13% and 0.08% higher, respectively.
The NSE Nifty Midcap 150 ended 0.34% higher.
The NSE Nifty Smallcap 250 ended 0.23% down.
Rupee Ends Weaker Against US Dollar
Rupee weakened by 2 paise to close at 86.85 against the US Dollar. It closed at 86.83 on Friday, according to data on Bloomberg.
Stock Market Today: Shakti Pumps Invests Rs 4 Crore In Its Subsidiary
Shakti Pumps (India) Ltd. has invested Rs 4 crore in its wholly-owned subsidiary, Shakti EV Mobility Private.
Stock Market Live: LTIMindtree Partners With Eurobank
LTIMindtree Ltd. has partnered with Eurobank for a multi-year banking technology transformation program.
European Markets: Most Rises; Traders Monitor Growing Tension Between EU & US
Most European markets were trading with marginal gains on Monday. Traders closely monitor developing tension between the European Union and the US.
President Donald Trump is set to meet Russia's President Vladimir Putin in Dubai to discuss how potential end to ongoing Russia's war with Ukraine. US has left Europe and Ukraine out of the meeting. Leaders from Eurozone has called for an emergency meeting at Paris today.
The Euro Stoxx 50 and FTSE 100 were trading 0.04% and 0.10% higher, respectively as of 1:45 p.m. The CAC 40 was trading 0.06% down.
Investing Myth Busted: Index Funds Are Not Less Risky, Says Radhika Gupta
Index funds are not less risky, according to Edelweiss Chief Executive Officer Radhika Gupta. Her comments come as several investors have been concerned about SIPs because of negative returns, as markets see correction.
In a post on X, Gupta said she has been receiving a lot of investor queries, with many saying they were worried about markets, and have stopped mutual fund SIPs and switched to index funds.
Read the full article here.
Six Stocks In News At Noon: SBI Cards, Zen Technologies, HAL, Among Others
Several stocks are making headlines today, driven by a mix of earnings reports, analyst upgrades, and new orders. Hindustan Aeronautics Ltd., SBI Cards & Payment Services Ltd., Samvardahana Motherson International Ltd., Zen Technologies Ltd., Bharat Forge Ltd., Welspun Corp were in news around noon. Click here to read the full article.
Stock Market Live Update Today: Cyient DLM Secures Contract From Thales
Cyient DLM has secured a long-term contract from Thales for manufacturing avionics components.
Stock Market Live Update Airtel Lands SEA-ME-WE 6 Submarine Cable
Bharti Airtel has successfully landed the SEA-ME-WE-6 submarine cable in Chennai.
Glenmark Pharma Shares Rise Despite India Revenue Being A Negative Surprise In Q3
Glenmark Pharmaceutical Ltd. shares rise over 4% during trade on Monday after the earnings con-call earlier in the day. During the earnings conference call, the management highlighted a 300.2% sales growth in India against last year.
Stock Market Live Update: Dilip Buildcon's Subsidiary In Settlement Agreement With NHAI
Dilip Buildcon's subsidiary DBNHPL has signed a settlement agreement with NHAI for Rs 98.30 crore, including Rs 91.25 crore related to claims.
Stock Market Live: Ajax Engineering Lists At Rs 576 On NSE
Ajax Engineering Ltd. listed at Rs 576 on NSE, a discount of 8.4% to its issue price of Rs 629, and at Rs 593 on BSE, a discount of 5.7% to its issue price.
Stock Market Live Update: Manappuram Finance Share Price Jumps Over 8%
Manappuram Finance Ltd. share price rose 8.72% to Rs 193.69 apiece. It was trading 7.49% higher at Rs 191.50 apiece as of 10:30 a.m. as compared 0.46% decline in the NSE Nifty 50 index.
Manappuram Finance came out of the Futures & Options trading band.
Stock Market Live Update: Saffron Speciality Papers Files DRHP
Saffron Speciality Papers filed draft red herring prospectus for initial public offer. The offer entails fresh issue up to 54 lakh shares.
Stock Market Live Updates: Arvind SmartSpaces Adds New Projects In Sanand Ahmedabad
Arvind SmartSpaces Ltd. has added a new plotted development project in Sanand, Ahmedabad, with a revenue potential of Rs 600 crore.
Stock Market Live: Samvardhana Motherson Share Price Falls Over 4%
Samvardhana Motherson International Ltd. share price declined 4.06% to Rs 121.08 apiece. It was trading 2.20% down at Rs 123.43 apiece as of 9:59 a.m., as compared to 0.72% decline in the NSE Nifty 50 index.
Smallcaps Vis-a-Vis Valuations Have Been Disappointing, Says Motilal Oswal's Duggad
Smallcaps vis-a-vis valuations have been disappointing. Miss in the smallcap space has been quite big. It was expected that there would be 5% earnings decline in 125 smallcap companies but earnings miss was 24%, said Gautam Duggad, head, research, Institutional Equities, Motilal Oswal Financial Services.
PSU Banks have beaten expectations. Punjab National Bank saw an upgrade this quarter. The pace of normalisation of credit costs for private banks has been sharp, Duggad said.
Despite Correction Nifty Gives Single-Digit Return, BofA's Shah Says
Indian markets are in the bearish camp. Despite the correction the NSE Nifty 50 to give single digit returns. Small and mid caps to give negative returns. Best to avoid the small and mid caps for now, said Amish Shah, managing director and head of India research at BofA.
Nifty, Sensex Open Lower As M&M, RIL Share Prices Drag: Opening Bell
The NSE Nifty 50 and BSE Sensex opened lower on Monday as Mahindra & Mahindra Ltd. and Reliance Industries Ltd. share prices dragged the most. As of 9:16 a.m., the Nifty 50 was 194.65 points or 0.85% down at 22,734.60, and the Sensex was 556.67 points or 0.73% down at 75,382.54.
"The Nifty index formed an inverted hammer on the daily chart, signaling difficulty in sustaining higher levels after a sharp 190-point rally, followed by a nearly 200-point decline from the day’s high. Key support is placed at 22,900, with a breakdown potentially leading to 22,775, while resistance is observed at 23,250 and 23,500. A sustained close above 23,500 could drive the index towards 23,800–24,000," said Aakash Shah, technical research, analyst, Choice Broking.
Mahindra & Mahindra Ltd., ICICI Bank Ltd., Infosys Ltd., HDFC Bank Ltd., and Tata Consultancy Services Ltd. weighed on the Nifty 50 index.
Sun Pharmaceutical Industries Ltd., Bajaj Finance Ltd., Cipla Ltd., Bajaj Finserve Ltd., and Asian Paints Ltd. added to the Nifty 50 index.
On NSE, 10 sectors declined, and two advanced out of 12. The NSE Nifty Auto declined the most, and the NSE Nifty Pharma rose the most.
The BSE Midcap and Smallcap were trading 0.04% and 0.17% down, respectively.
On BSE, all 20 sectors declined and one advanced. The BSE Auto declined the most.
On BSE, 1,922 stocks advanced, 1,074 stocks declined, and 151 stocks remained unchanged on BSE.
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.69%. It closed at 6.70% on Friday, according to Bloomberg.
Rupee Opens Stronger Against US Dollar
Rupee strengthened by 14 paise to open at 86.69 against the US Dollar. It closed at 86.83 on Friday, according to data on Bloomberg.
Stock Market Live: Chambal Fertilizers Issues Clarifications On Leakage At Kota Plant
Chambal Fertilizers & Chemicals Ltd. has clarified that there has been no gas or chemical leak from its Kota plant in Rajasthan.
Gold Price Dips Below Rs 85,000
Gold price in India cooled to Rs 84,880 per 10 grams as of 6:50 a.m. on Feb. 17, according to the India Bullion Association. The prices fell nearly Rs 1,200 from Feb. 10 level.
Stock Market Live: Welspun Corp Gets Orders Worth Rs 3,000 Crore
Welspun Corp has secured new orders worth Rs 3,000 crore in the US for supplying pipes.
Stock Market Live Update: Airtel Issues Shares Upon Conversion Of Bonds
Bharti Airtel Ltd. will issue shares upon conversion of its $1 billion bonds due in 2025.
Stock Market Live: BofA India Strategy
Correction playing out as expected; CY25 to stay weak
Continue to expect single digit returns for Nifty in CY25 with reasonably high volatility
Risks – continued earnings downgrade, US policy uncertainty, moderating CAPEX, weak FII flows, risk to DII flows, rich valuations
Most of these risks are now well established but are yet to fully play out
Oil Price Update: Brent Prices Fall For Fourth Day In A Row
Brent crude prices declined for a fourth day in a row on Monday as potential peace in Russia and Ukraine conflict eased supply worries. Brent crude prices were trading 0.15% down at $74.63 a barrel as of 7:19 a.m.
Asia Market Update: Trade Mixed; Investors Focus On Central Banks' Decisions
Asia-Pacific markets were trading on a mixed note on Monday as they await a slew of central banks' policy decisions from the region this week.
The Nikkei 225 and S&P ASX 200 were trading 0.01% and 0.77% down, respectively. Meanwhile, CSI 300 and Hang Seng were trading 0.32% and 1.11% higher, respectively.
GIFT Nifty Above 22,900; Borosil Renewable, JSW Energy, Vodafone Share Prices In Focus
The GIFT Nifty was trading above 22,900 in early trade Monday.
The GIFT Nifty was trading 0.08% or 17.50 points higher at 22,949 as of 2:44 a.m.
The Indian equity benchmark indices closed lower on Friday, registering their longest losing streak in two years.
The NSE Nifty 50 ended 102.15 points, or 0.44%, lower at 22,929.25, and the 30-stock BSE Sensex closed 199.76 points, or 0.26% down at 75,939.21.
RECOMMENDED FOR YOU

Stock Market Today: Sensex Ends Nearly 300 Points Lower, Nifty Slips 0.4% As Bank, Financial Stocks Weigh


Stock Market Highlights: Nifty, Sensex End In Red After Four Days Of Gains


Stock Market Today: Sensex Ends Over 680 Points Higher; Nifty Extends Gains On Strong Global Cues


Stock Market Today: Sensex Recoups Nearly 700 Points; Nifty Ends Nearly 1% Higher As HDFC Bank Leads
