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RBL Bank announced key leadership appointments as part of its transformation journey. Narendra Agrawal has been appointed as president and head of branch banking and retail liabilities business.

Any upside bounces from here could encounter resistance around 22300 levels. A decisive move above 22500 levels could confirm short term bottom reversal in the Nifty. On the other side, further fall below 20,000 levels could find next support around 21800-21700 band.

​​Tax breaks for individuals and Hindu Undivided Families (HUF) were nearly twice the incentives the Centre has given to corporates over the past five years to 2024, Lok Sabha data showed.

The S&P 500 fell 1.8%. The Nasdaq 100 slid 2.2%. The Dow Jones Industrial Average dropped 1.5%. A gauge of the Magnificent Seven megacaps sank 3.1%. A UBS basket of of US stocks negatively impacted by tariffs sank 2.9%.

Indian banks are unlikely to resume significant lending to non-bank lenders and microlenders immediately, despite recent regulatory relaxations by the Reserve Bank. Asset quality is a major concern, with non-performing assets in the microfinance sector reaching an all-time high of ₹50,000 crore as of December last year.

Indian apparel exporters are ramping up capacities due to the US imposing a 10% duty on Chinese imports, resulting in increased demand. The Tiruppur hub in Tamil Nadu has significantly expanded its operations to meet this demand. Moreover, potential resolutions in the Russia-Ukraine conflict and favorable trade agreements with the EU could further boost exports.

Dalmia Bharat, led by Puneet Dalmia, is investing ₹3,520 crore to increase its cement capacity to 55.5 million tonnes annually due to rising demand in India. Despite a price war affecting margins, Dalmia Bharat aims to strengthen its market position with expansions in Maharashtra and Karnataka, enhancing its nationwide presence in the competitive sector.

The combined average daily trading volume in the equity segment of BSE and NSE fell 13% in February - a 15-month low - over the previous month in the wake of the slump in the stock market. It dropped 44% compared to the average turnover in 2024.

As India remains one of the few countries that taxes foreign portfolio investors on the gains made in the country s equities, some market participants said reduction in these taxes could make Indian equities more lucrative for these investors.

The brokerage, however, reduced the target price to ₹525 from ₹590 as REC is expected to see mid-teen growth instead of the 20% forecast earlier. The revised target price offers 39% upside potential from Monday s closing price of ₹378.