Sensex drops 533 pts in broad selling; IT, metals worst hit; VIX jumps 4%

Stock market highlights on Monday, February 26, 2024: The Nifty50 shut shop at 22,122, down 91 points or 0.41 per cent. The mid, small-cap indices fell up tp 0.3 per cent.

9:00 AM

Five things that will be on markets radar this week

It’s been a tale of two-halves for the markets, so far, in February. While the markets consolidated with the benchmarks declining over 1 per cent initially, they have rallied around 4 per cent from their monthly lows since then. The Nifty, in fact, has registered a fresh life-time high in the second half of the current month. Here are the five key factors that could impact the market trajectory this week. Watch Video

 

8:56 AM

Near-term demand remains a concern for listed tile maker Kajaria Ceramics

The December quarter performance of the country's largest listed ceramic tile maker, Kajaria Ceramics, was subdued. Weak domestic demand in the quarter weighed on volumes, while revenues were also below par due to muted realisations. The stock has fallen 9 per cent from its highs this month, given a disappointing Q3 and near-term demand concerns for the rest of FY24. READ MORE

8:52 AM

Mark Zuckerberg's Asia tour to range from AI to Ambani wedding party

Mark Zuckerberg is poised for a packed week in Asia, with stops in Japan, South Korea and India to work on artificial intelligence services and forge ties with business and government leaders in the region. READ MORE

8:48 AM

Overseas loans' share in total Adani group debt portfolio declines

The share of foreign loans in total Adani group debt portfolio dropped to 61 per cent by September 2023 from 63 per cent as of March 2023, as the group repaid part of its foreign loans and refinanced part of older loans.  READ MORE

8:45 AM

March Fed pivot ruled out, May rate cut less likely: Vikram Sahu

The tight labour market has dashed expectations of interest rate cuts by the US Federal Reserve (Fed) in March as well as May. The US central bank will start reducing rates in June, says VIKRAM SAHU, global head of equity research at BofA Securities. In an interview with Samie Modak, Sahu says the US elections and Fed pivot will benefit emerging markets (EMs) this year. Edited excerpts:

8:41 AM

How long will the bull run continue for PSU banks?

In the past one year, the S&P BSE Bankex has been up 17.63 per cent and the Bank Nifty 17.04 per cent. But the Nifty PSU Bank index has risen close to 95 per cent!. READ MORE

8:37 AM

Edelweiss Aggressive Hybrid Fund: Trailblazer in performance, asset growth

The fund aims to provide capital growth and current income through a portfolio invested predominantly in equities, with a balance in debt and money market securities. READ MORE

8:34 AM

One-year ascent: Mutual funds go from Rs 40 trillion to Rs 53 trillion

The journey of mutual funds (MFs) from Rs 40 trillion to nearly Rs 53 trillion in the past year is mostly driven by mark-to-market gains in the equity segment and appreciation in the value of debt and gold assets. READ MORE

8:30 AM

ALERT:: Gift Nifty hints at a quiet start above 22,200 levels

8:27 AM

Asian Market Update:: Japan's Nikkei up in mixed trade

Source: Yahoo Finance

8:23 AM

Stocks to watch on Feb 26: Reliance, HDFC Bank, Infibeam, Paytm, Skipper

Infibeam Avenues - the company has acquired a 20 per cent strategic stake in US-based AI development company XDuce. READ MORE

8:19 AM

Berkshire's days of eye-popping gains are over, says Warren Buffett

Warren Buffett warned Berkshire Hathaway shareholders that there is "no possibility of eye-popping performance." And that they "should do a bit better". READ MORE

8:15 AM

Oil tankers in short supply as Red Sea attacks divert global trade

Just two new supertankers are due to join the fleet in 2024 the fewest additions in almost four decades and about 90% below the yearly average this millennium. READ MORE

 

8:12 AM

Street signs: Sebi's deep dive, Exicom's IPO power surge, and more

Electric vehicle charging firm Exicom Tele-Systems' Rs 430 crore initial public offering (IPO) is likely to break the recent weak listing trend. READ MORE

8:08 AM

'Nikki who?': Trump campaign dismisses Haley after South Carolina win

Saturday's win in South Carolina makes Trump's march towards the Republican presidential nomination appear inevitable, and leaves Haley, despite her vow to battle on, no clear path to beating him. READ MORE