Latest Stock Market News

Radhika Rao highlights US-India trade shifts, reciprocal tariffs, and their impact on exports, GDP, and currency stability. Key sectors like pharma and energy face challenges, while India eyes energy imports.

European shares took a breather on Friday and were on track for their eighth straight week of gains, while luxury stocks jumped after robust earnings from Birkin bag maker Hermes.

Japan s Nikkei share average snapped a three-day rally to end lower on Friday as investors booked profits after sharp gains in the previous session, while a stronger yen hurt sentiment.

While headline indices indicate a moderate decline, a closer look at market breadth reveals a sharper correction. The Nifty 500, covering a broader stock spectrum beyond the large-cap-heavy Nifty 50, has significantly underperformed. Mid- and small-cap portfolios have been hit the hardest, reflecting the depth of the downturn beyond what index movements suggest.

PS Raj Steels has fixed a price band of ₹132-140 per share for its IPO. Investors can bid for a minimum of 1,000 shares per lot and in multiples thereafter. The company intends to utilize the net proceeds to meet working capital requirements and for general corporate purposes, supporting its growth and operational needs.

Vodafone Idea shares: Vodafone Idea and Bharti Airtel’s shares dropped after the Supreme Court rejected review petitions challenging errors in the telecom department’s AGR dues calculation. The dismissal of the petitions leaves no legal recourse for the companies, which are burdened with massive dues. Both firms now

Vishal Manchanda highlights the potential challenges the pharmaceutical sector may face in FY27 due to reliance on key drugs and weak US business. He suggests Sun Pharma and Cipla as resilient options. India’s market is projected to grow by 9%, and the CDMO segment benefits from the China plus one theme.

Five stocks saw long unwinding on February 14, with Vodafone Idea, National Aluminium, HFCL, Laurus Labs, and Granules declining 5-8%, indicating profit booking or bearish sentiment.

Vikash Kumar Jain from CLSA suggests a measured outlook on financials and broader markets. Despite low FII exposure in Indian banks, Jain highlights potential earnings downgrades and the importance of US yields cooling off for positive market re-rating.

Bitcoin traded at $96,749, up 0.45%, while Ethereum dipped 0.4% to $2,699. BTC held key support at $95,000, facing resistance at $98,000. Altcoins showed mixed trends, with XRP gaining 3% on ETF news. Analysts predict short-term consolidation amid macroeconomic concerns. BTC dominance stood at 59.89%, with trading volumes declining.