Market

Equity indices surge on foreign fund inflows, oil price drop, and U.S. market trends; major gainers and laggards identified Source

In constant currency (CC) terms, Persistent reported revenue growth of 4.5%, ahead of estimates of 3.8%. Mphasis also beat expectations slightly, reporting 2.9% growth as against an estimate of 2.8%. Source

Sensex and Nifty decline amid volatile trends as investors await U.S. Federal Reserve policy decision, India-Pak tensions impact market. Source

Axis Bank remains one of the few stocks on the Street without a single ‘Sell’ rating. Of the 50 analysts that have coverage on the stock, 42 of them have a ‘Buy’ recommendation, while eight say ‘Hold’. Source

Rupee falls against US dollar amid geopolitical tensions, oil price fluctuations, and uncertainty in global markets. Source

Back in 2019, post the Pulwama terror attacks, when the Pakistan Airspace was shut for a little over four months. According to a written parliamentary reply by then aviation minister Hardeep Singh Puri, Indian airlines had lost around ₹540 crore back then due to this move. Source

Indian companies delay IPOs worth $759 million due to weak investment sentiment, global uncertainty, and geopolitical tensions. Source

As many as 15 crore shares will be eligible for trading as the lock-in period ends, according to a note from Nuvama Alternative & Quantitative Research. The number of shares that become eligible to be traded, amount to 53% of the company’s outstanding equity. Source

Sensex and Nifty decline amid geopolitical tensions, profit booking, and cautious sentiment, with Sensex dropping 155.77 points. Source

Broader market indices witnessed selling pressure, with the Nifty Midcap100 falling 1.95 per cent and Nifty Smallcap100 plunging 1.43 per cent. Source