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Subscribe to enjoy similar stories. After witnessing some sharp decline on 19 February, the markets are now resolved to hold on to the much hallowed 22800 and survive the intense selling pressure. While the entire market was bracing for a decline, as we mentioned yesterday, the intraday support around 22800 in Nifty continues to hold.

Canadian inflation would have accelerated further in January were it not for Ottawa’s tax holiday, putting the Bank of Canada in an awkward position when it comes to its next interest rate decision, some economists said.

Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further, and expressed concern about the impact President Donald Trump's tariffs would have in making that happen, according to meeting minutes released Wednesday. Policymakers on the Federal Open Market Committee unanimously decided at the meeting to hold their key policy rate steady after three consecutive cuts totaling a full percentage point in 2024. In reaching the decision, members commented on the potential impacts from the new administration, including chatter about the tariffs as well as the impact from reduced regulations and taxes. The committee noted that current policy is «significantly less restrictive» than it had been before the rate cuts, giving members time to evaluate conditions before making any additional moves. Members said that the current policy provides «time to assess the evolving outlook for economic activity, the labor market, and inflation, with the vast majority pointing to a still-restrictive policy stance.

Department of Government Efficiency (DOGE) has been implementing federal job cuts, affecting employees investigating Elon Musk’s companies.

Bero, at a Target store in the United States because he couldn’t prove his age.

B L Gupta Construction (P) Ltd, while Shri Balaji has been given work worth Rs 85.37 crore for the project 'Daxin Vistas', the company said in a statement.

Hexaware Technologies climbed 4.6% to Rs 764.7 on the BSE after debuting on Dalal Street on Wednesday. The stock opened on the BSE at Rs 731 with a 3.25% premium, compared to the issue price of Rs 708, while on the National Stock Exchange (NSE), the shares debuted at Rs 745.5, marking a premium of 5.3%. Brokerage JM Financial initiated coverage on the stock with a “buy” rating and a target price of Rs 820, which implies an upside potential of 7% from the current levels.

Zen Technologies snapped their losing streak on Wednesday, soaring 10% in intraday trade to hit their upper circuit at Rs 1,069.20 on the NSE. Zen Technologies shares had fallen after the drone manufacturing company reported a sequential decline in profitability and revenue in its third-quarter earnings for the period ending December.

Rail Vikas Nigam Ltd (RVNL) shares will be in focus on Wednesday, February 19, after the company secured a Rs 554.47 crore contract from Rail Infrastructure Development Company (Karnataka) Ltd (K-RIDE) for the Bengaluru Suburban Rail Project (BSRP). RVNL received a Letter of Acceptance from K-RIDE for Package C4A, involving the construction of nine stations under Corridor-4A of the BSRP. The Rs 554.47-crore contract involves building one elevated and eight at-grade stations at Heelalige, Singena Agrahara, Huskur, Ambedkar Nagar, Carmelaram, Bellandur, Marathahalli, Doddanakundi, and Kaggadasapura.

Subscribe to enjoy similar stories. B9 Beverages has received tax notices for more than ₹26 crore from the Maharashtra government at a time when the maker of the popular Bira beer brand is struggling to make payments to its vendors and employees amid mounting losses and shrinking revenues. The Maharashtra value added tax (MVAT) department has issued a notice to all distributors of the beer brand in the state, directing them to pay any outstanding dues owed to B9 Beverages directly to the tax authorities instead, according to a circular issued in January that Mint has accessed through a distributor.

The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal

Goldman Sachs remains optimistic about Mahindra & Mahindra (M&M), raising its target price and emphasizing strong demand in the SUV and tractor segments.

In an interview with ETMarkets, Ambani said: “The Budget was satisfactory and largely in line with expectations. While some may perceive slower growth in the government’s capital expenditure on roads and railways for FY26, the overall capex has been maintained at the desired levels, as a percentage of GDP and total expenditure,” Edited excerpts:

The short-term trend in pharma stocks appears positive, and pharma ETF could be a good option for a short-term long position, says Rupak De, Senior Technical Analyst at LKP Securities. In this chat with ET Markets, he also shares 3 stock ideas for the week — Kotak Mahindra Bank, JSW Steel and Godfrey Phillips. Edited excerpts:

Indian market is likely to consolidate on Monday tracking muted global cues. The Nifty future closed in the negative with losses of 0.28% at 23,622 levels on Friday. India VIX closed 3% lower at 13.68 in the previous trading session.

Delhivery shares will remain in focus on Monday after the company reported a 114% year-on-year (YoY) jump in its December quarter net profit at Rs 25 crore versus Rs 12 crore reported in the year ago period making it the third consecutive profitable quarter for the company. The revenue from operations in the reported quarter stood at Rs 2,378 crore, witnessing an 8% jump over Rs 2,194 crore reported in the corresponding quarter of the previous financial year.

hold call on Info Edge (India) Ltd. with a target price of Rs 8,000. The current market price of Info Edge (India) Ltd. is Rs 7983.75. Info Edge (India), incorporated in 1995, is a Large Cap company with a market cap of Rs 104330.77 crore, operating in the Services sector. Info Edge's key products/revenue segments include Sale of services for the year ending 31-Mar-2024.

Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the cost of producing the one-cent coin. «For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!» Trump wrote in a post Sunday night on his Truth Social site. «I have instructed my Secretary of the US Treasury to stop producing new pennies.»

Subscribe to enjoy similar stories. The Nifty 50 closed nearly flat on Friday, slipping into negative territory after the Reserve Bank of India (RBI) anncounced a 25 basis point cut. Markets remained volatile initially due to the policy impact but later stabilized, ending the session with minor losses.

Subscribe to enjoy similar stories. • Southern Petrochemical Industries: Buy current market price and at dips to ₹80.5, stop ₹79.80, target ₹90 This chemical stock, after undergoing a lot of pain, has shown a strong breakout as buying momentum got built. After biding some time and absorbing the volatility, we can look at the prices looking to extend next week.

Subscribe to enjoy similar stories. The Nifty 50 closed 43 points lower at 23,559.95 on Friday amid market volatility following the Reserve Bank of India’s (RBI) decision to cut the repo rate by 25 basis points—the first reduction in nearly five years. Despite the widely expected rate cut to 6.25% and the central bank’s ‘neutral’ stance, investor sentiment remained subdued.