Trade Financial News

Subscribe to enjoy similar stories. Archimedes pledged to move the world, if only he had a lever long enough and a place to stand. The challenge for businesses, investors, and households is that there is no place to put our feet.

Subscribe to enjoy similar stories. A perfect storm of domestic and global challenges is battering India's financial markets. The rupee’s freefall, dismal corporate earnings, spiking bond yields, and a relentless foreign portfolio investors (FPI) exodus have struck India harder than its Asian counterparts.

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.

Enforcement Directorate (ED) on Thursday searched multiple premises of two real estate companies and their promoters in Delhi-NCR as part of a money laundering investigation linked to alleged fraud involving homebuyers, officials said. The action was taken against WTC Builder, its promoter Ashish Bhalla, and the Bhutani Group, among others, a PTI report stated.

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.

“Small and midcaps have been hit hard—Nifty Smallcap 100 is down 21%, valuations remain above long-term averages, and earnings disappointments have led to downgrades,” says Rajkumar Singhal, CEO, Quest Investment Advisors. In an interview with ETMarkets, Singhal said: “With earnings likely to recover in CY25, the pain in small and midcaps may ease. A selective bottom-up approach is key—focus on quality businesses with strong balance sheets and sustainable growth,” Edited excerpts: Thanks for taking the time. February was highly volatile amid trade war fears and FII selling. What are your views?

Kernex Microsystems shares will be in focus on Friday after the company announced that South Eastern Railway has issued a letter of acceptance (LoA) to the Kernex-MRT consortium for a Rs 325.33-crore contract to supply, install, test, and commission the Kavach safety system across 688 RKM in the Kharagpur and Chakradharpur divisions. «We would like to inform you that 'South Eastern Railways, Kolkata' has issued a Letter of Acceptance (LoA) to the KERNEX-MRT CONSORTIUM for the project, namely, the supply, installation, testing, and commissioning of Kavach on GO & GO routes (688 RKM), including associated works in sections of the Kharagpur and Chakradharpur divisions of South Eastern Railway,» the company said in an exchange filing.

buy call on Havells India with a target price of Rs 1,800. The current market price of Havells India Ltd. is Rs 1,420. Havells India, incorporated in 1983, is a Large Cap company with a market cap of Rs 90423.81 crore, operating in the Consumer Durables sector. Havells India's key products/revenue segments include Cables, Traded Goods, Electrical Consumer Durables, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2024.

Tata Power will be in focus on Friday after the company announced that its solar manufacturing arm, TP Solar, has secured an order worth Rs 632 crore to supply 292.5 MWp solar modules to the Solar Energy Corporation of India (SECI). This order, awarded under the CPSU Scheme Tranche-III, involves the delivery of high-quality DCR (Domestic Content Requirement) modules to a site in Ramagiri, Andhra Pradesh.

In the IPO, the company has reserved 30% for institutional investors, 40% for retail investors. The rest of 30% is kept aside for non-institutional investors, who in the recent past emerged as the strongest pillar for the IPOs in the SME segment.

market fatigue, particularly for retail traders. However, Rohit Srivastava, Founder of Strike Money Analytics & Indiacharts, believes the market may be nearing a bottom, based on historical and seasonal trends, as he stated in a discussion on ET Now.

Christy Mathai of Quantum MF, in a discussion on ET Now, outlined his views on which sectors appear vulnerable to further correction and which ones present attractive opportunities at current valuations.