Latest Stock Market News

The uncertainty comes as European Union leaders are set to hold an extraordinary summit on March 6 to discuss additional support for Ukraine and how to pay for European defence needs.

Bain Capital is nearing a deal to acquire a controlling stake in Manappuram Finance. The agreement involves fresh capital from Bain and a secondary share sale by promoters, potentially increasing Bain s stake to 46%. The deal is expected to bring management changes, with a new CEO and initial joint operations.

Among the non-top five companies, Coforge, Persistent Systems, and Sonata Software have displayed strong topline momentum in recent quarters.

The uptick adds to signs the tide may be turning for regional equities after they underperformed their global peers last year due to the strengthening dollar and concern they would suffer from global trade tensions.

The changes would make Nifty s valuations look more expensive, a key factor for the unrelenting selling by foreign investors in Indian equities since October.

Traders can consider Bajaj Finance, Balkrishna Industries, Hindalco, Nalco, Tata Steel, SAIL, IOC, and ONGC for short-term long opportunities, analysts said.

The Reserve Bank of India is likely to maintain its neutral monetary stance while delivering measured interest rate cuts and raising liquidity amidst global trade uncertainties. MPC members believe keeping the stance neutral provides flexibility to respond to evolving global financial conditions and prioritize growth.

Federal Bank aims to become the fifth-largest private sector bank in India within three to five years. It plans to boost growth through both organic and inorganic strategies, enhance its product portfolio, and improve operational efficiencies to achieve higher profitability.

Personal loan growth slowed to 13.7% by December 2024 from 15.2% in September due to regulatory warnings. Total bank credit growth also decelerated, though all population groups maintained double-digit growth. Lending for trade, finance, and professional services increased, while credit for agriculture and industry moderated. Aggregate deposits rose by 11%, with term deposits seeing a significant increase.