Latest Stock Market News

Tesla shares rose by 2% after Morgan Stanley reinstated it as its top U.S. auto pick, citing AI and robotics efforts despite a 45% drop in European sales. Analyst Adam Jonas reaffirmed a $430 price target, noting the company s shift from an automotive focus to AI and robotics, echoing CEO Elon Musk s pivot towards robotaxis and AI.

Sebi extended the deadline to March 31, 2025, for Alternative Investment Funds (AIFs) to report differential rights issues. The initial deadline was February 28, 2025. This move follows requests from the AIF industry for more time to comply with regulatory guidelines introduced in late 2022.

The Indian rupee closed slightly stronger at 87.37 per US dollar, benefiting from a weaker dollar index. Traders expect RBI intervention if the currency nears 88/$1.

Donald Trump’s announcement of a US strategic crypto reserve, including XRP, SOL, and ADA, initially fueled a rally but was met with skepticism. Crypto markets soon fell, with major tokens losing gains amid doubts over the plan’s feasibility.

Financial services company Wells Fargo has sold ITC s shares worth Rs 106 crore through an open market transaction. San Francisco-headquartered Wells Fargo & Company is a diversified, community-based financial services company with approximately USD 1.9 trillion in assets.

Tata Group plans to list Tata Capital, targeting an $11 billion valuation in India’s biggest IPO of 2024. The offering could raise $2 billion amid a booming IPO market despite recent stock declines.

Nifty fell for the ninth straight session, while Sensex declined for the second consecutive day, dragged by financial stocks. Analysts see short-term rebound potential, but the broader trend remains bearish, with key support at 22,000 and resistance at 22,300.

Wall Street s main indexes opened higher on Monday, ahead of a crucial deadline on tariffs on top trade partners, while investors awaited a number of data reports to gauge the health of the world s largest economy.

IMF recommendations: The IMF recommended that the RBI expand its crisis-time liquidity measures by accepting corporate bonds as collateral. This move could enhance liquidity support beyond government securities, benefiting non-bank financial institutions and strengthening financial stability during periods of market distress.

Markets regulator Sebi has allowed all non-banking financial companies (NBFC), including housing finance companies, to invest in security receipts issued by Asset Reconstruction Companies (ARCs), a move aimed at encouraging investments in the bad loans space.