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bear market, with the Nifty 50 down nearly 16% from its peak and smallcap and midcap stocks suffering their worst crash since 2020. But despite a 30-50% plunge in several hyped «narrative» stocks, valuations remain difficult to justify, brokerage Kotak Institutional Equities said. The brokerage said the broader market correction, exacerbated by the recent rout in smallcap and midcap stocks, has not translated into compelling investment opportunities. «We do not find value in most parts of the market despite the sharp correction across sectors and stocks. Flows have seen endless discussion among market participants but have proven (again) to be pointless to assess the market peak or correction,» Kotak Equities said.

IndiGo continued to dominate the market, expanding its share to approximately 65%, according to a report by domestic brokerage firm Motilal Oswal. Motilal Oswal highlights that IndiGo's domestic PAX stood at 9.5 million, reflecting a 20% YoY surge. Its domestic market share rose to 65.2%, gaining 490 bps YoY, highlighting its ability to capture demand effectively. In contrast, Air India Group’s market share was recorded at 27.7%, while SpiceJet held 3.2%.

CLSA has upgraded its ratings on Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) to ‘High Perform’ from ‘Outperform’, citing robust loan growth, strong return on equity (ROE), and attractive dividend yields. The brokerage firm has also set a target price of Rs 525 for both REC and PFC, adjusting from their previous targets of Rs 590 and Rs 540, respectively.

Rana Sugars Ltd.(up 4.80%) and Mawana Sugars Ltd.(up 1.10%) were among the top gainers.

ICICI Bank Ltd.(up 0.33 per cent) and Kotak Mahindra Bank Ltd.(up 0.22 per cent) were among the top gainers.

Trump revealed on social media that five cryptocurrencies—Bitcoin, Ether, XRP, Solana, and Cardano—would be part of the reserve, with Bitcoin and Ether at its core.

Natco Pharma Ltd.(up 3.12 per cent), Glenmark Pharmaceuticals Ltd.(up 1.03 per cent), Lupin Ltd.(up 0.57 per cent) and Sun Pharmaceutical Industries Ltd.(up 0.43 per cent) were among the top gainers.

NTPC Green Energy Ltd.(up 1.01%), Adani Green Energy Ltd.(up 0.90%), Adani Power Ltd.(up 0.52%), Hitachi Energy India Ltd.(up 0.17%) and India Power Corporation Ltd.(up 0.09%) were among the top gainers.

Nifty 50 extending its longest monthly losing streak since 1996 amid growing concerns over domestic market conditions. The benchmark BSE Sensex lost 1414.33 points or 1.90% to close at 73,198.10, while the broader Nifty 50 index closed at 22,124.70, lower by 420.35 points or 1.86%.

What is even more intriguing is how the who-is-who of the mutual fund industry, supposedly smart money, queued up for the anchor book to pay up hefty premiums while similar businesses with comparably better return metrics were going for a song in the secondary markets. This paradox raises very important questions: Was it pure FOMO (Fear of Missing Out) driven by greater fool theory? Did the mutual fund managers undergo irrational pressure to deploy capital in primary issues due to supply constraints in the secondary markets? Or was there an expectation that liquidity-fueled momentum would continue to drive up prices post-listing? Or was it a combination of all of these? We will never know the precise answer. Nevertheless, it is fascinating to pick one case study for examination where these factors were exceptionally evident to illustrate how irrational decision-making can creep into the strategies of mutual fund managers who are meant to be the custodians of retail investors’ hard-earned money.

exchange-traded fund (ETF) that tracks a global index. The fund’s net asset value (NAV) is Rs 100, yet the market price is Rs 110. Would you willingly pay a 10% premium? Likely not. However, this is exactly what’s happening with many international ETFs in India. Some are trading at a premium of up to 25%, making it costly for investors seeking global diversification. So, why are these ETFs trading at a premium, how does this impact investor returns, and what alternatives exist to avoid overpaying? Let’s break it down.

Nifty recorded its worst fall in February since the Covid, falling by 6% while the beginning to March series was equally uninspiring as both headline indices ended Friday, down 1.9%, breaking major support levels. When markets resume trading on Monday, a host of important domestic and global events lined up during the week are likely to impact them. Nifty closed at 22,124.70, lower by 420.35.

ISRO has always been an internal responsibility, driven by our own scientists and engineers across domains from environmental science to physics, computer scienceand more, the space agency's former chief S Somanath said. «We don't outsource these critical software systems because the deep integration between science, technology, and applications requires intimate domain understanding» he said at Software Product Management (SPM) Summit held by IIMB. The two day summit was held on February 28 and March 1, celebrating its 7th edition around the theme 'Software Product Management Excellence at Scale'. Somanath elucidated the evolution of software product management and development for space programs, emphasising the shift from environmentally focused missions to commercially operated systems.

The agency is implementing strict profiling measures for passengers heading to 15 countries such as Saudi Arabia, Iran, Iraq, Turkiye, Qatar, Azerbaijan, Kuwait, Kyrgyzstan, Russia, Egypt, Libya, Ethiopia, Senegal, Mauritania, and Kenya. According to a report submitted to the Lahore High Court (LHC) regarding a petition from a pilgrim denied travel to Saudi Arabia for Umrah, the FIA stated that travelers must possess a clear travel purpose, confirmed hotel bookings, and adequate financial resources. The FIA also mentioned that those traveling for Umrah should have sufficient religious understanding, as reported by Dawn.

Tuhin Kanta Pandey assumed charge as the 11th chairman of the Securities and Exchange Board of India (Sebi) on Saturday. The career bureaucrat who served as the Finance Secretary till now, replaced Madhabi Puri Buch, whose 3-year tenure ended on Friday. He has been appointed for a term of three years. Pandey told the media that Sebi is a strong market institution and is evolving continuously and his goal is to make it the best market institution.

Manoj Joshi, Distinguished Fellow, ORF, says right now we are only seeing the first stages in Mr Trump's economic outlook towards the world. Yesterday, he has announced a whole set of new tariffs. The reciprocal tariff system is yet to come in. I think it will come in in April. And so, yes, certainly the world is looking at a geopolitical disaster as well as an economic disaster. There is no doubt about that. ET Now: What do you make of what transpired last night in the Oval Office? Many foreign policy experts saying that this was unprecedented, but it was not altogether surprising, given the kind of statements that Donald Trump has made in the past with respect to Russia and, of course, the Ukrainian leader in particular.

Midcap stocks got hammered through February falling by as much as 30% as investors scurried to book profits or cut losses. The low-key sentiments on D-Street were on account of both the global and local factors. While Donald Trump's threats on reciprocal tariffs and fears of US economic slowdown weighed on the markets, nearly a third of the midcaps missing their Q3FY25 estimates and valuations were among local factors that pulled the pack. The BSE Midcap index fell by 4,500 points or 10% in February and this week's decline was more prominent as the 132-stock index plunged 4.4% or nearly 1,800 points. In this, 123 stocks ended the month in the red while just 9 stocks managed a positive closing.

Subscribe to enjoy similar stories. Product managers often struggle with outdated or fragmented data when tracking market trends and competitors, which slows decision-making. They also often ignore the power of X (formerly Twitter) for market research.

Concerns over high valuations continued to weigh on small and midcap stocks and there were signs of panic selling. Consider this: About 95% or 892 smallcaps failed to deliver a return excess of 1%. Meanwhile, as many as 685 stocks saw double-digit declines.

inflation could provide cover for the Federal Reserve to delay cutting interest rates for some time. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, dropped 0.2% last month after an upwardly revised 0.8% increase in December, the Commerce Department's Bureau of Economic Analysis said on Friday. Economists polled by Reuters had forecast consumer spending gaining 0.1% after a previously reported 0.7% surge in December, when outlays were boosted by pre-emptive buying in anticipation of tariffs which would raise prices for imported goods.

In the 20 trading sessions, they were buyers on just two instances — on February 18, when they had bought domestic shares worth Rs 4,786.6 crore and on February 4, when they purchased shares worth Rs 809.2 crore.