Stock Market Live: GIFT Nifty Trades Above 23,100; Kotak Mahindra Bank, IIFL Finance, NTPC Green In Focus Shubhayan Bhattacharya NDTV Profit

Crude Check: Oil Prices Down, Below $75

International benchmark Brent crude dropped below $75 per barrel after falling 2.4% on Wednesday. Oil extended losses after US President Donald Trump and his counterpart Vladimir Putin agreed to talks on ending the war in Ukraine.

Stock Market Live: F&O Cues

The Nifty February futures were down 0.09% to 23,153 at a premium of 78 points, with the open interest up by 1.92%.

The open interest distribution for the Nifty 50 Feb. 13 expiry series indicated most activity at 24,000 call strikes, with the 22,500 put strikes having maximum open interest.

Stocks Market Live: Kotak Mahindra Bank, Bharat Forge, RIL, Tata Power, Rites In Focus

Kotak Mahindra Bank: The Reserve Bank of India has communicated its decision to lift restrictions placed on the bank.
Bharat Forge: The company will partner with Liebherr to set up a manufacturing unit to address global aerospace industry demand.
NTPC Green Energy: ONGC and NTPC Green JV acquired Ayana Renewable Power for an enterprise value of Rs 19,500 crore.
Reliance Industries: The company has incorporated its arm in Singapore to set up a global capability centre to consolidate R&D operations. It will make an investment of $100,000 towards the initial subscription of shares.
Tata Power: The company’s arm will partner with ONGC to explore joint opportunities in battery energy storage.
ICICI Bank: The company will retain its majority stake in ICICI Prudential AMC. The JV partner Prudential PLC plans to list its AMC unit.
Rites: The company has signed a memorandum of understanding with the Centre for Development of Advanced Computing to partner on IT solutions for consultancy works.