Nifty, Sensex Open Lower As HDFC Bank, ITC Share Prices Fall: Opening Bell 

The NSE Nifty 50 and BSE Sensex opened lower as HDFC Bank Ltd., and ITC Ltd. share prices dragged. As of 9:20 the Nifty 50 and Sensex were trading 0.34% and 0.39% down, respectively.

Losses all across markets in Asia region due to concern over the further tariff announcement from the US also weighed on the Indian benchmarks. Moreover, recently releases minutes of the Federal Open Market Committee’s January meeting showed that the officials are concerned about the interest rate cuts and economic policy moving forward.

“Technically, after a gap-down opening, the market found support near 22,800/75,500 and rebounded sharply. However, it failed to close above the 23,000/76,100 resistance mark. We believe that the market is currently exhibiting non-directional activity; perhaps traders are waiting for a breakout in either direction,”: said Shrikant Chouhan, head, equity research, Kotak Securities

“Technically, 23,000/76,100 would be the key breakout level for day traders. Above this level, the pullback move could continue to 23100-23,200/76,300-76,500. Conversely, a breach of 22,800/75,500 could accelerate selling pressure. Below this level, the market could decline to 22,725-22,650/75,200-75,000.”

Stock Market Live: Nifty, Sensex Trade Lower At Pre-Open 

At pre-open, the NSE Nifty 50 was trading 0.41% down at 22,821.10, and the BSE Sensex was 0.35% down at 75,673.50.

Yield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.68.

  • It closed at 6.68 on Monday.

Source: Bloomberg

Rupee Opens Stronger Against US Dollar

  • Rupee strengthened by 10 paise to open at 86.85 against the US Dollar.

  • It closed at 86.95 on Monday.

Source: Bloomberg

Maruti Suzuki Aims To Have Four Plants In Operation By 2030

Maruti Suzuki India Ltd. aims to have four plants in operation by 2030 to achieve a production capacity of 40 lakh cars annually by then.

Maruti Suzuki aims to reclaim 50% market share by financial year 2030. It also aims for achieve 40 lakh production capacity by FY30.

The company aims to be No.1 in terms of production, sales and exports of EVs. Maruti Suzuki India will introduce six electric cars FY30 including 2 in FY25.

Stock Market Today: Vedanta Shareholders Approves Demerger Scheme 

Vedanta’s shareholders have approved the demerger scheme involving the company, Vedanta Aluminium, Malco Energy, Talwandi Sabo Power, and Vedanta Iron and Steel.

Oil Prices Snap Three-Day Winning Streak 

Oil future prices snapped a three-day winning streak in Asia session on Thursday after report showed an increase in US crude stockpiles. At the same time concerns about tariffs from the US weighed on the commodity’s demand outlook.

The brent crude was trading 0.29% down at $75.82 a barrel as of 8:26 a.m.

Gold Price Steady Over Rs 86,000

Gold price in India was steady over the Rs 86,000-mark at Rs 86,070 per 10 grams as of 6:50 a.m. on Feb. 20, according to the India Bullion Association.

Read full article here.

Stock Market Live Update: US FDA Finishes Inspection At Aurobindo Pharma’s US Warehousing 

The US Food and Drug Administration has concluded an inspection at one of Aurobindo Pharma’s US warehouses, issuing five observations.

Asia Market Update: Shares Fall On Tariff Concerns; China Keeps Loan Primes Rates Unchanged 

Asia-Pacific markets declined on Thursday as concerns over more tariffs from the US President Donald Trump continued to dent risk-appetite of investors. Moreover, recently releases minutes of the Federal Open Market Committee’s January meeting showed that the officials are concerned about the interest rate cuts and economic policy moving forward.

The Nikkei 225 and KOSPI were trading 1.18% and 0.50% down, respectively. The S&P ASX 200 was trading 1.56% down.

China kept its one-year loan prime rate and five-year loan prime rate unchanged at 3.1% and 3.6%, respectively. The CSI 300 was 0.16% down.

GIFT Nifty Near 22,900; Bharat Forge, M&M, Waaree Energies Share Prices In Focus

The GIFT Nifty was trading near 22,900 in early trade Thursday. Bharat Forge Ltd., Mahindra & Mahindra Ltd., and Waaree Energies Ltd. share prices may react.

The GIFT Nifty was trading 0.10% or 23 points lower at 22,936.00 as of 6:30 a.m.

India’s benchmark indices had another session of muted close on Wednesday, after swinging between gains and declines in a rangebound trading. Information technology and pharmaceutical stocks fell, while realty and metal climbed.

The NSE Nifty 50 ended 12.4 points or 0.05% lower at 22,932.9, and the BSE Sensex closed 28.21 points, or 0.04% down at 75,939.18.

. Read more on Markets by NDTV Profit.Automobile stocks declined the most compared to other sectoral indices. Get live updates on Indian stock markets here on Feb. 20.  Read MoreMarkets, Business, Notifications 

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