Scan to Download
As of 3:26 p.m., the Dow Jones Industrial Average and S&P 500 futures ended 0.12% and 0.18% lower, respectively. The Nasdaq 100 future ended 0.22% down.
UK: Confederation of British Industry Industrial Order Expectation — 4:30 p.m.
US: Weekly Unemployment Claims — 7:30 p.m.
US: Federal Reserve Bank of Chicago President Austan Goolsbee will speak at the Chicagoland Chamber of Commerce — 8:05 p.m.
Europe: Consumer Confidence — 8:30 p.m.
US: Conference Board Leading Index — 8:30 p.m.
US: Energy Information Administration Weekly Natural Gas Storage Report — 9:00 p.m.
Europe: Deutsche Bundesbank President Joachim Nagel will speak at at the Karlsruhe Institute of Technolog — 9:30 p.m.
US: EIA Weekly Crude Oil Inventories — 10:30 p.m.
US: Federal Reserve Bank of St. Louis President Alberto Musalem will speak at the Economic Club of New York — 10:35 p.m.
Rupee strengthened by 29 paise to close at 86.66 against the US Dollar.
It closed at 86.95 on Wednesday.
Source: Bloomberg
Paytm has launched a solar soundbox for merchants, which can be quickly charged with minimal sunlight, ensuring uninterrupted digital payments.
Most markets were trading higher on Thursday. Market participants hope for enhanced defense spending in the backdrop of US asking European nations to chart out a plan to secure Ukraine.
The Stoxx 50 and CAC were trading 0.30% and 0.36% higher, respectively.
RailTel Corp has secured an order worth Rs 22.4 crore from the High Court of Jammu and Kashmir and Ladakh.
Intellect Design Arena's subsidiary, IntellectAI, has secured a multi-year order worth Rs 200 crore for its underwriting ecosystem.
Tata Power has partnered with Amazon Web Services to drive consumer-centric energy transition.
Larsen & Toubro has received a significant order, valued between Rs 2,500 crore to Rs 5,000 crore, from Hindalco to set up an alumina refinery in Odisha.
Fly Vaayu has selected Ramco Systems for its next-generation aviation software.
IdeaForge Tech has invested $1.8 million in US-based Vantage Robotics.
GE Power India Ltd. has secured orders worth Rs 40 crore for parts of steam turbines and services for boilers.
Unicommerce eSolutions partnered with Ethos. The company will adopt Unicommerce eSolutions's Uniware suite to enhance its luxury e-commerce experience, according to an exchange filing.
Garden Reach Shipbuilders & Engineers Ltd. has secured a Rs 123 crore order from the Ministry of External Affairs to build a coast guard ship for Mauritius.
Krishna Institute of Medical Sciences Ltd. has signed a seven-year operation and management agreement with Splendid Hospitals in Hyderabad, Telangana, with an option to extend for another three years.
Tata Consultancy Services Ltd. has partnered with Salesforce to help customers in the manufacturing and semiconductor sectors leverage artificial intelligence, the company said in an exchange filing.
Nifty FMCG hits 52 week low at 52096.2 in trade today
Index has lost 8% in Feb 2025, over 10.5% in 2025 so far
Index has contributed for a 166 point loss on the benchmark in 2025
ITC has lost around 1.03 lakh crore in market cap so far in 2025
Varun Beverages has lost around 61,400 crore in market cap so far in 2025
United Spirits has lost around 23,500 crore in market cap so far in 2025
All Nifty sectoral indices in the red in 2025 so far.
Nifty Realty & Nifty Media top losers having lost 17% and -20%, respectively.
Nifty Finance sees least losses, down 0.9% this year.
Maintain Overweight with a target price of Rs 377
Most key risks priced in
Current stock prices builds in no volume growth, 15% cut in Dahej Regas tariffs by March and proposed PDH plant generating returns of 50-60% of cost of capital
These appear harsh and suggest strong valuation support for the stock
Key catalysts - start of the new 5 MTPA Regas capacity at Dahej should add to Ebitda
See summer demand for power should support LNG imports seasonally
Completion of tariff renegotiation with GAIL/IOCL/BPCL can remove overhang
US President Donald Trump's tariffs are much more targeted than people think, said Trinh Nguyen, a senior economist, emerging Asia at Natixis.
Given the role of China in global manufacturing, and the deteriorating relationship with US, supply chains are fracturing. China's deteriorating relationship with US provides an opportunities for other countries including India, Nguyen said in an interview.
Policy narrative needs to be driven much more aggressively in India, Nguyen said.
Thailand's NokAir has selected RateGain Travel Technologies Ltd.'s AirGain solution to gain real-time competitive insights.
Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
Market breadth was skewed in favour of sellers. Around 1,520 stocks declined, 1,300 stocks advanced, and 122 stocks remained on BSE.
At pre-open, the NSE Nifty 50 was trading 0.41% down at 22,821.10, and the BSE Sensex was 0.35% down at 75,673.50.
The yield on the 10-year bond opened flat at 6.68.
It closed at 6.68 on Monday.
Source: Bloomberg
Rupee strengthened by 10 paise to open at 86.85 against the US Dollar.
It closed at 86.95 on Monday.
Source: Bloomberg
Maruti Suzuki India Ltd. aims to have four plants in operation by 2030 to achieve a production capacity of 40 lakh cars annually by then.
Maruti Suzuki aims to reclaim 50% market share by financial year 2030. It also aims for achieve 40 lakh production capacity by FY30.
The company aims to be No.1 in terms of production, sales and exports of EVs. Maruti Suzuki India will introduce six electric cars FY30 including 2 in FY25.
Vedanta's shareholders have approved the demerger scheme involving the company, Vedanta Aluminium, Malco Energy, Talwandi Sabo Power, and Vedanta Iron and Steel.
Oil future prices snapped a three-day winning streak in Asia session on Thursday after report showed an increase in US crude stockpiles. At the same time concerns about tariffs from the US weighed on the commodity's demand outlook.
The brent crude was trading 0.29% down at $75.82 a barrel as of 8:26 a.m.
Gold price in India was steady over the Rs 86,000-mark at Rs 86,070 per 10 grams as of 6:50 a.m. on Feb. 20, according to the India Bullion Association.
Read full article here.
The US Food and Drug Administration has concluded an inspection at one of Aurobindo Pharma's US warehouses, issuing five observations.
Asian Stocks Drop After Fed Minutes Show Caution: Markets Wrap
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
