SBI Cards Interim Dividend: Last Day To Buy Shares To Qualify

Shares of SBI Cards and Payment Services Ltd. will be in the spotlight on Monday, as the day marks the last session for investors to buy shares to qualify for receiving interim dividend before the stock goes ex-date.

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Nifty 50: What Brokerages Say

Jefferies India Strategy

  • With Nifty 50 down 13% from September 2024 high and broader markets down 20%, a short-term bounce is likely.

  • Jefferies continues to believe that the equities ready for a near-term bounce.

  • Jefferies runs valuation and growth visibility screens.

  • Four stocks screening well on both are – Adani Ports, Crompton Greaves Consumer, Shriram Finance and Apollo Hosp.

  • Predictable growth screens highlight M&M, TVS Motor, Indian Hotels, Amber and Housing Finance.

  • Valuation screeners flag SAMIL, Container Corp & VGuard among others.

Nifty Today: What F&O Cues Indicate

  • Nifty Feb futures down by 0.62% to 22,822 at a premium of 27 points.

  • Nifty Feb futures open interest down by 8%.

  • Nifty Options Feb 27 Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 22,000.

  • Securities in ban period: Manappuram Finance, Chambal Fertilizer.

Dollar Check

  • The US Dollar index is down 0.38% at 106.20.

  • Euro was down 0.56% at 0.9507.

  • Pound was down 0.35% at 0.7889.

  • Yen was up 0.05% at 149.37.

Stock Market News Live: Global Check

The US dollar remained weak while the stocks got hammered on weaker-than-expected economic data and a surge in consumers’ long-run inflation view. The S&P 500 fell 1.7% while the Nasdaq 100 slipped 2.1%. The Dow Jones Industrial Average declined by 1.7% on Friday.

The dollar index — which tracks the greenback’s performance against a basket of 10 leading global currencies — was 0.3% down at 106.29. The benchmark yield fell eight basis points to 4.43%.

Stock Market News Live: Global Check

Stocks in the Asia Pacific region slipped on Monday following Wall Street’s worst session this year as investors were spooked by weak economic data and weakest consumer sentiment on inflation since 1995 on Friday.

South Korea’s Kospi fell 0.98%, or 25 points, to 2,629 while Australia’s S&P / ASX 200 was down 0.08% at 8,289 as of 6:28 a.m. Japanese markets are closed on Monday for a holiday.

Inflation data in Singapore and South Korea’s retail sales data will be the key data points in Asia on Monday.

Future contracts in China hinted at a positive start, while those in Hong Kong were poised to open lower.

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

The GIFT Nifty was trading near 22,600 early Monday. The futures contract based on the benchmark Nifty 50 rose 0.31% at 22,684.50, as of 7:20 a.m., indicating a flat start for the Indian markets.

On Friday, the Nifty and Sensex ended lower for the fourth consecutive session. The NSE Nifty 50 ended 117.25 points, or 0.51% lower at 22,795.9, while the BSE Sensex closed 424.9 points, or 0.56% down at 75,311.06.

. Read more on Markets by NDTV Profit.Swiggy, Brigade Enterprises, Niva Bupa Health Insurance, Aster DM Healthcare and Bharti Airtel stocks will be on the radar on Monday.  Read MoreMarkets, Business, Notifications 

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