Latest Stock Market News

Solarium Green Energy is set to list on the BSE SME platform, with the IPO receiving an 8-time subscription, indicating strong investor interest. The company aims to utilize the funds raised for working capital and general purposes while providing comprehensive solar energy solutions and products.

Shares of PSU companies like BEML, BDL, EIL, MOIL, NALCO, and REC Ltd may see attention today as they have fixed February 14 as the record date for dividend payouts. Investors need to buy shares by today to qualify for these dividends, which were announced alongside the companies third-quarter results.

Shanmuga Hospital s SME IPO will open for subscription, aiming to raise funds for medical equipment and corporate purposes. The issue consists of 38.18 lakh fresh equity shares with a price band set at Rs 54 per share. Allotment and listing are scheduled for February 18 and 20, respectively.

U.S. inflation rose to 3% in January, driven by increased consumer prices in sectors like groceries and gasoline. Core CPI also showed minimal improvement, rising 3.3% annually. The data presents a complication for the Federal Reserve s strategy on interest rate cuts, with officials signaling a need for more progress on inflation reduction.

Gurmeet Chadha sees panic in small and midcaps due to tariffs and valuation concerns but believes many market pockets have reasonable valuations. He recommends focusing on financials, select non-ferrous metals, cement, consumption, and travel sectors for opportunities amid recent market corrections.

Sunil Subramaniam discusses the importance of adapting SIPs to current investor behavior, emphasizing long-term commitments and the benefits of market corrections for recent investments. He advises diversifying fund manager styles and considering smallcap funds with different risk management approaches to navigate market volatility.

​​Foreign exchange reserves peaked in September 2024 and the RBI is estimated to have sold $111.2 billion, or around 18% of foreign exchange reserves since then, according to Nomura. The RBI is also believed to have significantly intervened on February 10 and 11 to reverse one-sided depreciation in the currency, and is estimated to have sold over $10 billion, according to DBS Bank.

The October-December quarter results showcased a mixed performance across sectors. Consumer-centric markets witnessed rural demand recovery, while urban demand remained muted. Banks faced NIM pressure but reported strong profit growth. IT, pharma, and telecom sectors displayed growth, although with certain challenges impacting margins and volume growth.

Australian shares opened fractionally higher Thursday. Equity index futures for Japan and Hong Kong also climbed while a gauge of US-listed Chinese companies advanced 2.7% Wednesday. US equity futures edged higher after the S&P 500 fell 0.3% Wednesday and the Nasdaq 100 rose 0.1%.

Mamaearth operator Honasa Consumer reported its December quarter consolidated net profit at Rs 26 crore which was flat over Rs 25.9 crore reported in the year ago period.