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Over 1.69 million shares of Dr. Reddy's were traded via a block deal on Tuesday. The share of Dr. Reddy's fell as much as 3.52% to Rs 1,123.50 apiece.
The rupee slumped 55 paise to the day's low of 87.25 against the US Dollar. It's the biggest intraday fall since Feb. 3. It closed at 86.71 a dollar on Monday.
Source: Bloomberg
Over 1.49 million shares of Vedanta were traded via a block deal on Tuesday. The share of Vedanta fell as much as 1.10% to Rs 259.15 apiece.
Gold spot fell over 0.65% to $2,932.44 after it hit record high on Tuesday.
Adani Wilmar Ltd. received majority shareholder approval to change the name of the company to AWL Agri Business. Up to 99.99% of the total votes polled were in favour of the name-change resolution, according to an exchange filing.
Read full story here.
Jefferies has maintained its 'buy' rating on 360 One WAM Ltd. while trimming the target price on the stock to Rs 1,270 from Rs 1,350. Despite the target price cut, its upside on the stock stands at 26% with the brokerage positive on the company following its acquisition of B&K Securities. Motilal Oswal echoed the same view as both brokerages maintained over 20% upside for the counter.
Read full story here.
Bitcoin Falls Below $90,000 As Crypto Slump Deepens.
Source: Bloomberg
Rupee fell 0.5% to 87.17 against the US Dollar. It closed at 86.71 on Monday.
Source: Bloomberg
The dollar index is 0.04% lower at 106.63. Brent crude is up 0.31% to $75.01.
Bank Nifty, BSE Bankex Will Soon Need More Stocks To Qualify For F&O Trade
The Trump Trade initiated the gradual withdrawal of money by foreign investors from emerging markets, including India. Since the end of September 2024, foreign portfolio investors have seen their India assets under custody fall from $931.1 billion to $748.1 billion as of Feb. 15, 2025, an erosion of $183 billion in value.
In rupee terms, the value of FPIs has fallen from Rs 77.96 lakh crore to Rs 64.77 lakh crore during the same period, eroding Rs 13.18 lakh crore.
In short, for every Rs 100 decline in their assets under custody, the FPIs were able to repatriate only Rs 18.4, with the remaining amount lost in price erosion.
Read full story here.
The Adani Group will invest Rs 50,000 crore in Assam across infrastructure projects, Chairman Gautam Adani said on Tuesday. These investments will span across airports, aerocity, city gas distribution, and road projects.
Read full story here.
The Tata Capital IPO will comprise a fresh issue of 23 crore shares and offer for sale from eligible shareholders and investors of the company.
The company did not disclose the listing timeline but is required to meet the Sept. 30, 2025 deadline for the IPO.
The offering is likely to be worth over $1 billion in value and will be the third company to list in the last two decades from Tata group, after Tata Consultancy Services Ltd. and Tata Technologies Ltd.
Get more details here.
Indian equities were trading higher with Nifty rising over 0.02% at 22,555.55 and Sensex was trading 143.23 points higher at 74,600.
Intraday, both Nifty and Sensex rose over 0.30%.
Nifty rose 0.32% to 22,625.30.
Sensex rose 0.44% to 74,785.08.
Broader indices were trading lower. Nifty Midcap fell 0.50%; Nifty Smallcap was trading 0.31% lower.
Most sectoral indices fell, led by Nifty Realty.
Nifty Bank fell 0.04%, Nifty IT was down 0.58%.
Mahindra & Mahindra, Bharti Airtel and Bajaj Finance were top Nifty gainers.
Hindalco, Trent, SBI Life and Sun Pharma were top Nifty losers.
India has an ambitious nuclear energy capacity target of 100 GW by 2047. With only 8 GW of capacity currently operational, the goal indicates addition of around 4 GW of nuclear capacity each year from 2025-2047.
Despite a strong government push and proposed reforms to encourage private participation, challenges remain, and certain aspects need to be looked at closely.
Read full story here.
Over 1.04 million shares of Power Grid were traded via a block deal on Tuesday. The share of Power Grid fell as much as 1.10% to Rs 259.15 apiece.
While Vikas Khemani Founder of Carnelian Asset Management & Advisors Pvt. Ltd. told NDTV Profit that this year will be a stock picker's market he said that investors need to keep expectations low from this year as they might not see great returns for the index as a whole.
Consumption stocks, especially in the broader space haven't done well over the last few years he added.
"Market corrections are a normal part of bull markets," Vikas Khemani Founder of Carnelian Asset Management & Advisors Pvt. Ltd. told NDTV Profit.
He further said that 80-90% of the damage is done and the market can see some consolidation going forward.
He also said that he had seen a lot of froth in the small and midcap space last year, but that has now been corrected.
SEBI Proposes New Method Of Calculating Open Interest In F&O Market
Tata Capital approves IPO including fresh issue of 23 crore shares.
To issue shares worth up to Rs 1,504 crore on rights basis.
At pre-open, the NSE Nifty 50 was trading 36.90 points or 0.16% lower at 22,516.45. The BSE Sensex was flat at 74,453.44.
Rupee opened 14 paise lower at 86.85 against the US Dollar. It closed at 86.71 on Monday.
Source: Bloomberg
The dollar index is 0.03% lower at 106.65. Brent crude is up 0.51% to $75.16.
The Indian Rupee ended flat at 86.70 on Monday.
The currency is expected to open around 86.75 and trade a 86.60-86.90 range with sideways price action, according to India Forex And Asset Management Pvt.
Meanwhile, the 1-year forward yield had dropped below 2% but ended at 2.05%. On the other hand, the 3-month at-the-money-forward (ATMF) implied volatility ended at 3.43%.
The total market has lost almost Rs 44.29 lakh crore in market cap.
Large Cap Market Cap Loss: Rs 19.1 lakh crore.
Mid Cap Market Cap Loss: Rs 10.59 lakh crore.
Small Cap Market Cap Loss: Rs 8.2 lakh crore.
Nifty Midcap 150 down 12.5% year to date.
Nifty Smallcap 250 down 18.3% year to date.
Mid-Caps That Lost The Most Value: Jai Balaji, Oracle Fin, Kalyan Jewellers
Mid-Caps That Lost The Most Value: NAVA, Brainbees Solutions, Zen Tech
Aggressive FII selloff who have offloaded stocks worth over Rs 2 lakh crore since October 2024.
Slowdown in US growth and uncertainly surrounding tariffs.
A depreciating rupee- down 3.4% since the market's peak.
Benchmark down 5% in 2025 so far.
The Nifty hit an eight-month low on Monday.
Benchmark has closed in the red in 25 out of 40 trading sessions in 2025.
Enroute to post longest losing streak in nearly two years.
Stocks That Have Dragged The Benchmark The Most: ITC, HDFC, Trent.
Nifty Feb futures down by 0.96% at a premium of 59.3 points.
Nifty Feb futures open interest down by 22.69%.
Nifty Options Feb. 27 Expiry: Maximum Call open interest at 23000 and Maximum Put open interest at 22500
Securities in ban period: Chambal Fertilizers and Manappuram Finance
The US Dollar index is down 0.03% at 106.63.
Euro was down 0.05% at 0.9548.
Pound was down 0.05% at 0.7916.
Yen was up 0.17% at 149.83.
Stocks in the Asia Pacific region continued to decline on Tuesday following US President Donald Trump's move to curb Chinese investments in technology, energy and other sectors. In addition, the fall in US stocks further hurt the market sentiments.
South Korea's Kospi fell 0.27%, or 7.05 points to 2,638.25, while Australia's S&P ASX 200 was down 0.82% at 8,239.80 as of 7:27 a.m. Japanese markets opened lower after a holiday on Monday.
Future contracts in China hinted at a negative start, while those in Hong Kong were also poised to a 2% drop. The Chinese gauge of shares in US saw its biggest drop in over four months with Alibaba Group Holding Ltd.'s American depository receipts closing over 10% lower. This is the biggest decline since October 2022.
Meanwhile, the euro was little changed while Canada's dollar and Mexico's peso fell, as US President Donald Trump said he expects the tariffs to take effect as planned next month.
The US dollar remained flat while the stocks got hammered on Monday. The S&P 500 fell 0.5% while the Nasdaq 100 slipped over 1%. The Dow Jones Industrial Average closed 0.08% higher on Monday. Ahead of Nvidia Corp's results, the chipmaker lost 3.1%.
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