Latest Stock Market News

Japan s Nikkei share average tumbled to a five-month low, dropping 2.7%, following significant declines in chip-related stocks like Advantest and Tokyo Electron. This was influenced by Nvidia s sharp 8.5% slump after a disappointing quarterly report. While the Nikkei bore the brunt, the broader Topix also dipped by 1.9% amid investor concerns over a cooling U.S. economy.

Dell expects its adjusted gross margin rate to decline in fiscal year 2026 due to increased costs for building AI servers. The company announced a $10 billion share buyback despite a 2% drop in shares. Dell predicts annual adjusted profit above analyst estimates, driven by AI server revenues and maintaining competitiveness.

Swasth Foodtech s IPO received a mixed response with an overall subscription of 7 times and 13 times from retail investors, raising funds for expansion and operational needs. The company refines crude rice bran oil, promoting its health benefits and utilizing byproducts for efficient operations in the market.

HP Telecom India will debut on the NSE SME platform today after a modestly subscribed IPO, raising around Rs 34 crore. The company is an exclusive distributor of Apple products in key states and recently secured rights for Nothing in Gujarat to diversify its offerings.

Rail Vikas Nigam Ltd (RVNL) has secured a Rs 135.66-crore contract from Central Railway for the Bhusaval-Khandwa section. The project, aiming to enhance railway freight capacity within 24 months, involves the design, supply, and commissioning of 132/55 KV traction substations and posts. RVNL shares saw a recent decline despite significant historical gains.

Nukleus Office Solutions IPO was subscribed just over 1x, with a marginal GMP of Rs 0. The share allotment will be finalized today, and listing is scheduled for March 4. The proceeds are aimed at capital expenditure, technology platform development, new centre establishment, and brand visibility enhancement.

Balaji Phosphates Rs 50 crore SME IPO will open for public bidding on Friday. The IPO price is set between Rs 66-70 per share, with reservations for institutional, retail, and non-institutional investors. The funds will be used for capital expenditure, working capital, and corporate purposes.

Finance Secretary Tuhin Kanta Pandey has been appointed as the next SEBI chief, succeeding Madhabi Puri Buch. Buch s tenure, which ends on February 28, was marked by regulatory challenges and allegations, including those related to her investments in offshore funds linked to the Adani Group.

The government has appointed Tuhin Kanta Pandey as the new chairperson of Sebi, succeeding Madhabi Puri Buch. Pandey, an IAS officer with extensive public policy experience, will serve an initial term of three years. Buch faced allegations of conflict of interest in a probe against the Adani Group but denied any wrongdoing.

Rich valuation amid rising uncertainty in demand from the US, its largest market, is expected to keep the stock range-bound in the short term, while sustained momentum in deal wins and expected margin expansion will keep long-term prospects intact.