Nifty Bank Live: Most Stocks Rise

All but one of the 12 Nifty Bank stocks rose in early trade on Thursday, reacting to the RBI’s move to ease risk weights on loans tp NBFCs. Analysts have cheered the move.

The central bank on Tuesday reduced the risk weights on bank loans to NBFCs from 125% to 100%, effective April 1. This reverses the risk weight increase implemented in November 2023, providing relief to NBFCs. Analysts said the RBI’s relaxation is a sign of a more accommodative regulatory stance, which will be highly positive for the financial sector. The reduction in unsecured loan growth from 25% to 10% indicates a cooling trend, they noted as they anticipate the regulator will eventually reduce RWA on these loans as well.

Read story here.

UltraTech Cement Share Price Live: Down 5%

The street has reacted negatively to UltratEch Cement’s entry into cables and wires business. The board on Tuesday approved capital expenditure of Rs 1,800 core to be spent over the next two years.

Stock Market Live: Nifty, Sensex Open Higher

India’s benchmark equity indices opened higher on Thursday. The Nifty gained as much as 0.3% to surge above 22,600. Today is the monthly and weekly futures contract expiry.

Sensex also added 0.3% to go past 74,800.

Jupiter Wagons Share Price Live: New Order Win

Arm Jupiter Tatravagonka receiced an order worth Rs 255 crore from Braithwait & Co for supply of 9,140 wheelsets.

Source: Exchange Filing

Glenmark Pharma Share Price: New Launch In Focus

Glenmark Pharma Inc launched Epinephrine injection USP and multiple-dose vial. According to sales data for 2024, the Epinephrine Injection USP achieved annual sales of approximately $42.7 million.

Source: Exchange Filing

India Bond Yield Live: Flat Start

The yield on the benchmark 10-year Indian government bond opened flat at 6.71%

Source: Bloomberg

Rupee Vs Dollar Live: INR Weakens 

Rupee opened 6 paise lower at 87.26 against US Dollar. It closed at 87.20 a dollar on Tuesday.

Source: Bloomberg

IndusInd Bank, Bandhan Bank Share Price In Focus: Positive Trigger

IndusInd Bank Ltd. and Bandhan Bank Ltd. are set to be top beneficiaries owing to their higher microfinance exposures, as the Reserve Bank of India lowered the risk weights of bank loans to non-banking financial companies.

The central bank on Tuesday reduced the risk weights on bank loans to NBFCs from 125% to 100%, effective April 1. This reverses the risk weight increase implemented in November 2023, providing relief to NBFCs.

As per Macquarie, banks should see a 20-250 basis points positive impact on Common Equity Tier 1 or CET1 ratio — a stress tests to gauge a bank’s liquidity and ability to survive a financial crisis.

For Bandhan Bank, CET1 will improve by 2.5 percentage points from 13.8% to 16.3%. IndusInd Bank’s ratio will rise from 15.2% to 15.8%, the brokerage expects.

CLSA said RBI’s move will “further instill investor confidence” for a quick recovery in MFIs, highlighting its recent upgrade on Bandhan Bank stock.

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Stock Market News Live: Morgan Stanley On Titagarh Rail Systems Stock

  • Maintained ‘overweight’ rating and cut target price to Rs 1,090 apiece from Rs 1,300.

  • Near-term execution challenges affect the revenue trajectory.

  • Titagarh Rail Systems is a beneficiary of robust rail capital expenditure, but ordering so far remains subdued.

  • Inadequate wheel sets from Indian Railways constrain third quarter offtake.

  • Execution in Vande Bharat delayed nine months by a change in car design plan.

Stock Market News Live: Morgan Stanley On India Strategy

Why foreign portfolio investor flows matter:

  • FPI flows matter because of what they can do to macro conditions.

  • Incessant exits can cause a persistent negative balance of payments with concomitant effect on macro stability, earnings, and share prices.

  • Share prices are likely troughing, as is growth and that could spur a reversal in FPI sentiment.

  • Data show FPI flows do not have predictive power over share prices.

  • Overseas investor bids or offers are not more forceful than other flow cohorts.

  • The macro climate depends on FPI flows, especially when they become outsized.

  • Foreign investors have made strong equity returns in the long run.

Rupee Vs Dollar Live: Check INR Range

The rupee had weakened 50 paise on Tuesday to end at 87.20 against the US dollar, after stop losses were triggered above 87 due to strong bids on fix on account of Feb expiry.

The rupee is likely to open around 87.18 and trade a 87.08-87.38 range with weakening bias, according to Abhishek Goenka, Founder & CEO of India Forex & Asset Management (IFA Global).

Nifty Today: What F&O Cues Indicate

  • Nifty Feb futures down by 0.21% at a premium of 34.6 points.

  • Nifty Feb futures open interest down by 33.86%.

  • Nifty Options Feb 27Expiry: Maximum Call open interest at 22700 and Maximum Put open interest at 22600

  • Securities in ban period:  Manappuram Finance

Dollar Check

  • The US Dollar index is up 0.08% at 106.60.

  • Euro was down 0.10% at 1.0473.

  • Pound was down 0.10% at 1.2263.

  • Yen was up 0.12% at 149.18.

Stock Market News Live: Global Check

Stocks in the Asia Pacific region were mixed on Thursday following new tariff announcements from US President Donald Trump on European Union. In addition, Nvidia Corp. earnings failed to rally stocks as the chipmaker drew a muted response from investors that are rather used to blowout results.

South Korea’s Kospi fell 0.52%, or 13.72 points to 2,627.37, while Australia’s S&P ASX 200 was up 0.35% at 8,269.70 as of 7:10 a.m. Japanese markets opened steady on Thursday.

While S&P 500 and Nasdaq 100 contracts were relatively flat, future contract in China hinted at a positive start and Hong Kong equity index futures indicated a lower open.

The US dollar remained flat, while the stocks were mixed on Thursday. The S&P 500 closed little changed while the Nasdaq 100 rose 0.26%. The Dow Jones Industrial Average closed 0.43% lower on Thursday.

Stock Market News Live: GIFT Nifty Trades Below 22,600

The GIFT Nifty was trading near 22,600 early on Thursday. The futures contract based on the benchmark Nifty 50 rose 0.04% at 22,589 as of 7:40 a.m., indicating a flat start for the Indian markets after a holiday on Wednesday.

Indian benchmark indices ended Tuesday’s session mixed, with the metal sector declining the most, while media emerged as a top sectoral gainer. The NSE Nifty 50 ended 5.80 points, or 0.03% lower at 22,547.55, while the BSE Sensex closed 147.71 points or 0.20% higher at 74,602.12.

. Read more on Markets by NDTV Profit.The Nifty gained as much as 0.3% to surge above 22,600. Today is the monthly and weekly futures contract expiry. Sensex also added 0.3% to go past 74,800.  Read MoreMarkets, Business, Notifications 

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