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European shares hit record highs, driven by a defense stock surge amid rising military budgets and Ukraine war concerns. STOXX 600 rose 0.4%, banks reached 17-year highs, and investors anticipate continued defense sector growth in a "supercycle."

Rupee closes weaker at 86.8775 against US dollar

Updated at : 2025-02-17 19:20:02

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The rupee closed slightly weaker at 86.8775 against the dollar, despite opening stronger. FIIs continue selling, with over $11 billion outflows in 2025. Sustainable inflows are needed to reverse the negative bias, as the rupee nears record lows.

The BSE Sensex rose 57.65 points (0.08%) to 75,996.86, while the Nifty 50 gained 30.25 points (0.13%) to close at 22,959.50.

Stock market update: Nifty Auto index falls 0.53%

Updated at : 2025-02-17 18:25:01

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The Nifty Auto index closed 0.53 per cent down at 21951.85.

The Indian rupee ended marginally weaker on Monday tracking Asian currencies that shed most of their early gains while dollar demand from importers and foreign banks also weighed.

Indian markets ended an 8-day losing streak, with Sensex rising 57.65 points to 75,996.86, while Nifty fell 30.25 points. Analysts suggest key support at 22,800 and resistance near 23,250, indicating potential short-term volatility.

Gold prices retreated from all-time level in the national capital on Monday, with the precious metal declining Rs 1,200 to Rs 88,200 per 10 grams due to emergence of fresh selling from stockists and retailers. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity had soared Rs 1,300 to hit an all-time high of Rs 89,400 per 10 grams on Friday.

CIEL HR Services gets Sebi's go ahead to float IPO

Updated at : 2025-02-17 18:25:01

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CIEL HR Services Ltd, which provides technology-driven human resources solutions, has received Sebi s go ahead to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Monday. The proposed IPO is a combination of fresh issue of equity shares worth Rs 335 crore and an offer for sale (OFS) of 47.4 lakh shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP).

To bring more transparency, markets watchdog Sebi has specified a new procedure for making regulations, mandating public consultation and for engagement of stakeholders for modifying norms. In a gazette notification, the regulator has notified Sebi (Procedure for making, amending, and reviewing of regulations) Regulations, 2025.

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