Rupee Strengthens Past 90 A Dollar Level In Early Trade
The rupee appreciated 24 paise to 89.96 against the US dollar in early trade on Friday, supported by corporate dollar inflows and easing crude oil prices.
Forex traders said the gain in the USD/INR pair follows the rupee’s string of record lows in recent weeks on likely intervention from the Reserve Bank of India.
Moreover, crude oil prices hovering around $59 per barrel level supported market sentiment.
Stock Market LIVE: ICICI Prudential AMC Shares Debut At 20% Premium
ICICI Prudential Asset Management Co. listed on the BSE on Friday at Rs 2,606.20 apiece, a premium of 20.38% over its issue price of Rs 2,165 apiece.
On the National Stock Exchange, the stock debuted at Rs 2,600, a 20.09% premium.
Stock Market LIVE: Ola Shares Surge 8%
Shares of Ola Electric Mobility Ltd. picked up pace as it rose by 8% at Rs 33.88 a piece. The stock closed at 31.26 on Thursday and quickly grew as the markets opened on Friday.
Ola Electric confirmed the completion of a one-time, limited monetisation of a portion of the founder Bhavish Aggarwal’s personal shareholding, undertaken to fully repay a promoter-level loan of around Rs 260 crore, on Thursday.
Stock Market LIVE: Japan Yields See Spike
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Japan 10-year bond futures extend drop after BoJ raises rate
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Japan 10-year yield rises to 2%, first time since 2006
Stock Market LIVE: Check Jefferies Share Price For Groww
Jefferies has initiated coverage on Billionbrains Garage Ventures Ltd., the parent company of Groww, highlighting the fintech’s strong growth and even drawing comparisons to American trading app, Robinhood.
Check the share price target by clicking on the link below.
Stock Market LIVE: Nifty, Sensex Open Higher
Stock Market LIVE: Bank Of Japan Hikes Overnight Call Rate
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Bank of Japan hikes overnight call rate by 25 bps to 0.75%.
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BoJ says it will keep raising rates if economic and price outlook is realised.
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Accommodative financial conditions will continue to support the economy.
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Chance of the outlook being realised is rising.
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Companies are likely to hike wages steadily.
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Uncertainties over trade policies have declined.
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Uncertainties remain in the US economy, but have declined.
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Underlying inflation continues to rise moderately.
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Uncertainties around US economy and tariffs have receded.
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Yen extends decline to an intraday low against the US dollar after the BoJ decision.
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Risk of firms’ wage-setting being interrupted is low.
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Real interest rates are expected to stay significantly negative.
Stock Market LIVE: Lenskart Gets Its Most Bullish Price Target
Macquarie has initiated coverage on Lenskart Solutions Ltd. with an ‘Outperform’ rating, citing the company’s vertically integrated supply chain, strong execution track record and significant headroom for market share gains in India and international markets.
Stock Market LIVE: Jefferies Initiates Coverage On Groww
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Initiate Buy with target price of Rs 180
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Groww has become the largest broker in India
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Product velocity a key driver of growth similar to Robinhood
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Think Groww has several levers to drive 35% EPS CAGR over FY26-28
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See 19% growth in broking business led by client vintage & mkt share gains
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See 5x growth in new initiatives like margin trading facility & wealth mgmt.
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See 700bps margin expansion
Accenture Commentary Points to Gradual, Not Sharp, Recovery for Indian IT Say Brokerages
Accenture’s latest quarterly commentary reinforces a familiar theme for Indian IT services: demand has neither worsened nor meaningfully improved. While deal activity remains healthy and AI-led transformation continues, brokerages flag limited visibility on discretionary spending revival, keeping expectations for Indian IT growth cautious.
Read the whole story here.
Stock Market LIVE: Spot Gold Hovers Near Record
Gold traded near a record and platinum extended a breakneck rally that saw it surge close to $2,000 an ounce after softer-than-expected US inflation data.
Stock Market LIVE: Gold, Silver Trade Lower
Gold prices in India dipped marginally to Rs 134,720, with silver also witnessing a slight downtick at Rs 203,210 on Friday, according to the India Bullion Association.
Stocks To Watch Today: Bharti Airtel, Infosys, Wipro, Ola Electric
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Bharti Airtel: The company made the final call of Rs 401.25 for partly paid shares. The record date for the same is Feb. 6. The payment period is from 2nd to 16th Mar’26. The company received Rs 15,000 crore. Bharti and Singtel agreed to amend the existing shareholders agreement. Singtel has relinquished certain key reserved rights and Amendments remove redundancies and improve clarity in governance provisions.
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Ola Electric: The company confirms that the promoter completed the one-time, limited monetisation of a portion of his personal shareholding. The transaction was undertaken solely to repay a promoter-level loan of approximately Rs 260 crore fully and to release all 3.93% shares previously pledged, thereby eliminating all promoter pledges. Following the transaction, the promoter group continues to hold over 34.5% in Ola Electric, with no dilution of promoter control or change in long-term commitment.
Stock Market LIVE: GIFT Nifty Indicates Muted Open
Good morning readers!
The GIFT Nifty is trading flat near 25,939 indicating a muted open for the benchmark Nifty 50.
India’s benchmark equity indices closed flat on Thursday after a choppy session.
The Nifty rose in the first half of yesterday’s trading session to an intraday high of 25,902 but gave up gains later as selling pressure emerged in the latter half of the day. The index settled 3 points lower at 25,815.55. The BSE Sensex dipped 77.84 points (0.09%) to 84,481.81.
. Read more on Markets by NDTV Profit.