Market overview: The Indian benchmark index Sensex and Nifty 50 have seen a flat start on 13 February today. At the same time, the Indian equity indices continued to decline in the sixth consecutive session on 12 February. Yesterday the market failed to avail the faster recovery in the mid -session from the lowest level of the day and closed down with a slight fall due to investors concerned about the global trade war and US inflation figures. At the end of yesterday’s trading session, the Sensex fell 122.52 points or 0.16 percent to close at 76,171.08 and the Nifty fell 26.55 points or 0.12 percent to close at 23,045.25.
Stay with Moneycontrol to know what is happening in currency and equity markets today. Here we are releasing a list of such important news on all the news platforms that can affect Indian and international markets.
Mixed signs for Indian markets
Global signs for Indian markets are available today. Fiis cash has seen a huge selling of about Rs 5000 crore. Although the gift is a Nifty flat. Asia has greenery. Dow futures are also trading above. Yesterday, despite the data of retail inflation more than an estimate, there was a good recovery from lower levels in the US markets.
RBI lifts all the ban on Kotak Bank, bank will be able to issue credit cards
Kotak Mahindra Bank has got a big relief. The RBI has lifted all the ban on credit cards on the bank. The bank will now be able to issue new credit cards. Online and mobile bank channels will also be able to create new customers. The Kotak Mahindra Bank was banned since April 2024.
VI gets a shock of Rs 6,090 crore, cash finished in 1.5 months: analyst
Voda has created a new difficulty for Idea. The Department of Telecommunications has sought a bank guarantee of Rs 6090 crore from the company. This guarantee has been asked to submit before March 10. In the Concall yesterday, the company has not given any timeline for further funding. The analysts are of the opinion that if the funding is not found, then the cash of the company will end in the next one and a half months.
Muthoot, good results of Cropton, Bharat Forge’s profit decreased
The Q3 results of Muthoot Finance have been better than estimated. The company’s profit has increased by 33 per cent and interest from interest has increased by 43 per cent. Crompton’s results have also been better than expected. The company’s profit has increased by 28 per cent. Margine has also improved. At the same time, Bharat Forge’s profit and EBITDA have decreased by 8 percent. At the same time, there has been pressure on the margin.
Hindalco’s profit may increase by 50%, results of 5 companies of futures will also come
Today, Hindalco will result in the Nifty. The company’s profit may increase by 50 percent. Improvement in margin is also possible. Also, the results of 5 futures companies including UBL and Manappuram will also be monitored.
Kotak Mahindra Bank shares may rise strongly, Digital banking from brokerage firm RBI happy
Inflation decreased, IIP disappointed
Good news has come on the inflation front. The pace of retail inflation is continuously decreasing. Retail inflation has come down from 5.22 per cent to 4.31 per cent in January. During this time, food inflation has decreased, but there has been a slight increase in core inflation. Rural inflation has come down from 5.76 per cent to 4.64 per cent in January. A decrease in urban inflation has also been recorded. Inflation of vegetables and pulses has also decreased.
But the speed of IIP is slow. December IIP has come down from 5.2 per cent to 3.2 per cent. Manufacturing growth has been seen during this period. There has been a decline in growth of Infra Goods and Consumer Durables. However, there has been an increase in mining and electricity growth. The growth of primary goods and capital goods has also increased.