Latest Stock Market News

The broader market correction runs deeper than Nifty’s 12% dip, with 80% of ₹1,000 crore-plus stocks down over 20%. Key catalysts like interest rate cuts, government spending, and sectoral resilience in IT, PSU banks, and exports may drive recovery.

Equity inflows stayed strong, with growing interest in large-cap and flexi-cap categories.

The Indian rupee ended little changed on Thursday, wedged between gains in regional peers and importers dollar demand, in a week when volatility has risen due to the central bank s heavy interventions in the foreign exchange market.

Indian benchmark indices closed nearly unchanged on Thursday, fluctuating between modest gains and flat territory as investors weighed easing domestic inflation against concerns over a hotter-than-expected U.S. inflation reading and escalating trade tensions, which kept gains in check.

European shares jumped to a record high on Thursday, led by food and beverages stocks on Nestle s strong earnings, amid broader market optimism over the U.S. plans to begin talks with Russia to end the nearly three-year-long war in Ukraine.

Japan s Nikkei share average ended more than 1% higher on Thursday as a weak yen boosted appetite, masking losses of heavyweight SoftBank Group on its surprise quarterly loss.

Ajax Engineering s IPO was subscribed over 6.4 times, with the share allotment process being finalized today. The GMP on allotment day stands at Rs 13, reflecting a 2% premium over the issue price. The listing is scheduled for February 17.

Four stocks from the Nifty 200 index hit fresh 52-week highs

Kotak Mahindra Bank shares jumped 2.5% to Rs 1,992 on Thursday after the RBI removed restrictions on issuing new credit cards and opening digital accounts.

Adani Green Energy shares rose 3% to Rs 946 in Thursday’s intraday trade after the company announced its decision to withdraw from two proposed wind power projects in Sri Lanka. The move follows the Sri Lankan government s request for lower tariffs, easing concerns over the projects viability. The wind power projects were estimated to cost $1 billion.