Analysis Financial News

Markets regulator Sebi on Friday modified its guidelines and issued necessary clarifications on nomination facilities in the securities market in a bid to make the process of transmission and nomination easier for demat accounts and mutual fund (MF) folios. In its circular, Sebi said that if one or more joint account holders pass away, the assets will be transferred to the surviving holder(s) without the need for additional KYC unless it was requested earlier and not provided. The surviving holder(s) can update their contact details and add or change their nominee(s) at any time.

Traders of futures contracts that settle to the Federal Reserve's policy rate maintained bets on Friday that the U.S. central bank will restart cuts to short-term borrowing rates in June after data showed inflation rose in line with expectations in January. They still see a second cut as likelier than not in September.

International Gemmological Institute (IGI) on Friday posted a 45 per cent jump in consolidated net profit at Rs 113.78 crore for fourth quarter of the 2024 calendar year. The company, in a statement, said it had clocked a net profit of Rs 78.43 crore in the year-ago. IGI, listed on both BSE and NSE in December 2024, reported a total revenue of Rs 256 crore for Q4 of 2024 calendar year, six per cent jump from the previous year.

Cryptocurrency prices are down sharply in recent weeks and not expected to rebound soon, with some of the biggest digital currencies erasing nearly all of the gains they made after Donald Trump's election win triggered a wave of excitement across the industry. Some analysts said the market is likely to remain subdued while waiting for a bullish signal, such as indications that the U.S. Federal Reserve plans to cut interest rates or a clear pro-crypto regulatory framework from the Trump administration.

NSE Nifty 50 recorded its fifth straight monthly loss — its longest such streak since 1996 — making India the worst performing global market, with investors and derivative markets signalling the pain is likely to linger. Weak earnings, persistent foreign outflows and uncertainty regarding U.S. tariffs have dragged the Nifty about 15% lower from its September peak, eroding nearly 85 trillion rupees (nearly $1 trillion) in investor wealth.

«For midcap or smallcap, that could be a different story. But in the largecap space, the valuations have become very attractive. A couple of percentage points more of correction cannot be ruled out,» says Devender Singhal, Kotak Mahindra AMC. First up on the markets, nothing has been holding up. Since all this while we have been talking about the broader indices, getting into that bear territory, but look at Nifty 50 is down about 15% from those highest points of September 2024. Do you believe that another 5% correction from here on cannot be ruled out or you believe that at the index level we should find some bit of a base building? Devender Singhal: So, yes, you are right, we have seen around 15% correction in the Nifty. But there has not been a single year in the last 30 years where we have not seen something like this happening. But honestly, it looks like in terms of valuation comfort, we are very near to the bottom or the immediate bottom in terms of where the Nifty or largecaps are concerned.

broker Angel One on Friday said some of its Amazon Web Services (AWS) resources were compromised and that it has hired an external forensic partner to investigate the impact. The company's shares, already pressured in a weak market, extended losses to as much as 4.7% after the news.

«As far as supports are concerned for Nifty, I believe there is a support around 22,200 followed by 22,000 which is the support zone for Nifty,» says Sneha Seth, Angel One. It is just a deep sea of red across the screen and both the benchmark indices are not holding up well. Which are the next support levels as per you? Sneha Seth: If you look at the market, yes, we have seen decent correction. If you see the rollovers for last series, the rollovers were quite decent. In fact, I believe decent amount of shorts have been rolled over to the market. FIIs long-short ratio is also around 16, which clearly indicates that it is in the oversold territory and until we do not see any buying interest from FIIs in the future segment or in equity segment, the market may continue to be in pressure only.

Tata Consultancy Services (TCS), State Bank of India (SBI), and Tata Motors among the ten Nifty 50 stocks hitting fresh 52-week lows as a broad-based sell-off rattled investors. A sharp decline in IT and financial stocks, coupled with renewed global trade war concerns and sustained foreign investor outflows, dragged the benchmark indices down by over 1%. The Nifty 50 tumbled 1.2% to 22,271.40, while the BSE Sensex sank over 1,000 points, or 1.34%, to 73,602 in early trade.

Tata Motors are on track for their worst monthly losing streak in nearly a decade, as persistent selling pressure has pushed the stock down by 12.2% in February. This marks the seventh straight month of negative returns and the steepest monthly decline since October 2023, when the stock slumped 14%. The last time Tata Motors witnessed such an extended downtrend was in 2015 when the stock declined consecutively from March to September before rebounding in October. The worst-ever monthly drop for Tata Motors came in March 2020, when the stock tumbled nearly 45% amid the COVID-19 market crash.

Pi Coin plunged over 20% on Friday, hitting an intraday low of $2.26 before recovering to $2.41, still down 12% for the day. The decline came amid a broader crypto market sell-off, which pressured investor sentiment. Bitcoin fell below $80,000, touching a 3.5-month low as uncertainty over US President Donald Trump's tariff plans, crypto regulations, and a $1.5 billion Ethereum hack rattled markets. Ethereum dropped 7%, while XRP, BNB, and Solana also posted sharp losses.

Advantest tanking nearly 9%. The Nikkei index fell below 37,000 for the first time since September 19 and hit a low of 36,840.12 in intraday trade.

The coin was down 5.5% at $79,627 at 12:05 p.m. in Singapore, after hitting its lowest level since November 10. That was part of a broad rout: Ether, the world’s second-largest cryptocurrency, fell 7.3% while smaller tokens Solana and XRP were down 7.1% and 7.8%, respectively.

The Nifty futures closed negatively, with losses of 0.17%, at 22,543 levels on Thursday. The India VIX closed nearly 3% lower at 13.31 in the previous session.

Anand Rathi has a buy call on Narayana Hrudayalaya Ltd. with a target price of Rs 1600. The current market price of Narayana Hrudayalaya is Rs 1455.3. Narayana Hrudayalaya, incorporated in 2000, is a Mid Cap company with a market cap of Rs 30155.48 crore, operating in Hospitals & Allied Services sector.

Sensex and Nifty, opened in the red on Friday, weighed down by index heavyweights in the banking and IT sectors, as investors awaited key GDP data and reacted to fresh comments from US President Donald Trump on tariffs. The BSE Sensex fell 929 points, or 1.25%, to 73,683, while the Nifty50 declined 273 points, or 1.21%, to 22,271. around 9:39 am.

Power Finance Corporation (PFC) shares will be in focus on Friday after the company signed an initial agreement to provide Rs 26,800 crore in financing to Madhya Pradesh’s power utilities. This funding will support capital expenditure projects for entities such as Madhya Pradesh Power Generation Company Ltd (MPPGCL), Madhya Pradesh Power Transmission Company Ltd (MPPTCL), and the state’s distribution companies (discoms), PFC said in a statement.

TVS Motor are set to be in focus on Friday after the Indian automaker launched two new three-wheeler models—TVS King Duramax Plus and TVS King Deluxe Plus—in Mexico, marking its latest push into the Latin American market. The company unveiled the vehicles in Oaxaca, with plans to make them available to consumers next month through Motomex, its official distributor in the region. The TVS King Duramax Plus features a 225 cc liquid-cooled engine, LED headlamps, tubeless tires, and additional storage options, while the TVS King Deluxe Plus is equipped with a 200 cc engine and one-touch starting functionality.

InterGlobe Aviation, IndiGo's parent company, are set to be in focus on Friday after the airline’s market share rose to 65.2% in January, up from 64.4% in December 2024, strengthening its dominance in India’s aviation sector. India’s domestic air traffic grew 11.28% year-on-year (YoY) in January, reaching 1.46 crore passengers, according to data from the Directorate General of Civil Aviation (DGCA) released on Thursday. IndiGo capitalized on this growth, while the Air India Group—which includes Air India, Air India Express, and Vistara—saw its market share decline to 25.7% from 26.4% in the same period.

HCL Technologies are set to be in focus on Friday after the IT services company announced a strategic agreement with Children’s Minnesota to enhance operational efficiency and patient care using artificial intelligence (AI). The partnership, announced after market hours on Thursday, will see HCL Tech deploy its AI-powered platform, HCLTech AI Force, to modernize the operational systems of Children’s Minnesota, one of the largest pediatric healthcare providers in the United States. The AI-driven solutions aim to streamline service delivery, reduce manual processes, and enable data-driven decision-making, the company said in a statement.

Finance Secretary, Tuhin Kanta Pandey, has been appointed as the 11th chairperson of the Securities and Exchange Board of India (SEBI) for a three-year term. He will succeed Madhabi Puri Buch, who will complete her tenure as SEBI’s first woman chairperson on February 28, 2025. According to a notification from the Appointments Committee of the Cabinet (ACC) on Thursday, February 27, the Cabinet has approved the appointment of Pandey, IAS (OR:1987), Finance Secretary and Secretary, Department of Revenue, to the post of SEBI chairman. Pandey's appointment is initially for three years from the day he assumes charge.