Latest Stock Market News

Young Indians are increasingly exploring cryptocurrency trading to enhance their income. This is particularly prominent in non-metro cities. Despite regulatory challenges and warnings, the crypto market in India is expected to grow significantly. Many people are participating in trading classes to hone their skills, reflecting a growing interest in the profitable yet volatile market.

Berkshire Hathaway s shares reached a record high after reporting the highest-ever quarterly profit, driven by improved insurance operations. Class A shares soared 4% to $747,485.49. Full-year operating profit rose 27% to a record $47.44 billion. Warren Buffett attributed this to better underwriting at Geico. Analysts raised their outlook for Berkshire s future performance.

NTPC and its subsidiary sign multiple MoUs with the Madhya Pradesh government to develop renewable energy projects during the Global Investors Summit, 2025. These agreements involve investments totaling Rs 2,04,000 crore in renewable sources, including a significant 800 MW Pumped Hydro Storage Project.

Shreenath Paper Products Rs 23 crore IPO opens for public bidding on Tuesday, with a price band of Rs 44 per share. The company plans to utilize the funds for working capital and corporate purposes. Share allotment will be finalized on March 3, with listing on March 5.

In light of global uncertainty and economic volatility, Sanjay Bembalkar from Union Asset Management Company recommends retail investors allocate 15-25% of their portfolio to gold. He highlights the strategic benefits of Gold ETFs for diversification, stability, and practical advantages over physical gold.

NTPC along with its arm NTPC Green Energy signed multiple MoUs with Madhya Pradesh government to invest over Rs 2 lakh crore in the state.

Shares in Australia and Japan opened lower while futures pointed to a 2% drop in Hong Kong. A gauge of Chinese shares in the US had its biggest drop in more than four months after Alibaba Group Holding Ltd.’s American depositary receipts closed down 10%, the biggest decline since October 2022. The yield on 10-year Treasuries slid 1 basis point to 4.4% in early Asian trading while gold touched a record Monday.

The Nifty Auto index closed 0.22 per cent up at 21552.5.

The Reserve Bank of India has relaxed restrictions on New India Co-operative Bank, allowing withdrawals up to Rs 25,000, effective February 27, 2025. This follows an assessment of the bank s liquidity position. Additionally, the bank’s General Manager was arrested for allegedly embezzling Rs 122 crore.

The Reserve Bank of India (RBI) has raised the loan limits for urban co-operative banks (UCBs) to 0.40% of their Tier I capital and Rs 3 crore per borrower. The RBI also increased the exposure limits for residential mortgages to 25% of total loans and extended compliance timelines for security receipts valuation to 2027-28.