Most Asian share indices were trading in losses Wednesday, as more tariff announcements from the US weighed on the risk sentiments. As of 6:43 a.m., the Nikkei 225 was flat at 39,272.05. The S&P ASX 200 was 0.32% down at 8,453.70.

The Kospi was trading 1.78% higher at 2,673.28.

On Tuesday, the Dow Jones Industrial Average and S&P 500 ended 0.02% and 0.24% higher, respectively. The Nasdaq Composite ended 0.07% higher.

The brent crude was trading 0.21% higher at $76 a barrel as of 6:51 a.m. Gold was trading 0.12% down at $2,932.42 an ounce.

The GIFT Nifty was trading 0.04% or 8.50 points down at 22,963.50 as of 7:01 a.m.

India’s key market indices ended slightly lower on Tuesday, reversing earlier losses. Information technology and oil and gas companies gained, but consumer durables and autos were under pressure.

The Nifty 50 closed 14.2 points, or 0.06% down, at 22,945.3, while the Sensex closed 29.47 points, or 0.04% lower, at 75,967.39. Intraday, the Nifty declined 0.69% before finding critical support at 22,800, while the Sensex fell 0.61% to remain just above 75,500.

Foreign portfolio investors were net buyers of Indian shares on Tuesday after nine consecutive sessions of selling, purchasing stocks worth around Rs 4,786.6 crore.

Domestic institutional investors remained net buyers for the 10th consecutive session, collecting equities worth Rs 3,072.2 crore, according to provisional data from the National Stock Exchange.

According to NSE figures, the FPIs acquired stocks worth Rs 14,537.68 crore and sold equities worth Rs 9,751.12 crore.

The Indian rupee closed weaker on Tuesday, as it slipped by seven paise to close at 86.95 against the US dollar, according to data shared by news agency Bloomberg.

Stocks to Watch

  • Container Corp: Awarded a Rs 690-crore manufacture and supply order to Braithwaite & Co.

  • Ireda: Subsidiary received a registration certificate to commence business as a finance company at GIFT City.

  • L&T: Acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings from Nuclear Power Corporation of India.

  • Transformers and Rectifiers India: Received a Rs 166.45 crore order from Hyosung T&D India.

  • Piramal Pharma: The US FDA issued Form 483 with six observations for the company’s Turbhe facility.

  • Puravankara: Acquired 37.9 lakh shares of Sobha Puravankara Aviation from Sobha Projects in the first phase. Post-acquisition, its stake in SPAL increased to 89.45% from 49.95%.

  • RVNL: Received a Rs 554-crore order from Rail Infrastructure Development for two years.

  • Mahindra Lifespaces: Partnered with Livingstone Infra for a redevelopment project in Mumbai, with a GDV of Rs 1,650 crore.

  • Punjab National Bank: Reported a borrowal fraud of Rs 271 crore in the NPA account of Gupta Power Infra in Bhubaneswar. Provisions of Rs 271 crore have been made as per prudential norms.

  • Bank of India: Allotted long-term bonds worth up to Rs 2,690 crore on a private placement basis.

  • Aurobindo Pharma: The US FDA concluded a pre-approval inspection at the company’s Andhra Pradesh unit with five observations.

  • Patanjali Foods: The Supreme Court dismissed the Special Leave Petition filed by the Income Tax Department.

  • Indian Overseas Bank: Appointed Madhaw Chandra Jha as the CFO, effective March 1.

  • Nazara Tech: Acquired a 22% stake in Datawrkz Business Solutions, increasing its total stake in the company to 55%.

  • Lemon Tree: Signed a licence agreement for a 46-room hotel in Madhya Pradesh.

  • Tata Steel: Neath Port Talbot Council approved plans for an Electric Arc Furnace in Port Talbot.

  • Cipla: Completed an investment of approximately ZAR 900 million in subsidiary Cipla Medpro South Africa Proprietary.

Listing day

  • Hexaware Tech: Shares will debut on the stock exchanges on Wednesday at an issue price of Rs 708. The Rs 8,750-crore IPO was subscribed 2.66 times on the final day, led by qualified institutional investors (9.09 times), while non-institutional investors (0.2 times), retail investors (0.11 times), and the employee portion (0.32 times) saw lower demand.

IPO Offering

  • Quality Power Electrical Equipments: The public issue was subscribed 1.29 times on day 3, led by qualified institutional investors (1.03 times), non-institutional investors (1.45 times), and retail investors (1.83 times).

Blocks Deals

  • Bharti Airtel: Indian Continent Investment sold 5.15 crore shares (0.84%) at Rs 1,660 apiece. Bharti Telecom Limited bought 1.2 crore shares (0.19%) at Rs 1,660 apiece, while GQG Partners, through its affiliates, acquired 1.97 crore shares (0.32%) along with other buyers at the same price.

Bulk Deals

  • Capacite Infraprojects: Capri Global Holdings sold 4.5 lakh shares (0.53%) at Rs 304.73 apiece.

Insider Trading

  • Agro Tech Foods: Promoter Infinity Portfolio Holdings bought 31,078 shares between Feb. 13 and Feb. 17.

  • Deepak Nitrite: Promoter D Mehta bought 30,700 shares on Feb. 17.

  • Jindal Steel and Power: Promoter Jindal Power bought 17.69 lakh shares on Feb. 12.

  • DB Corp: Promoter Sudhir Agarwal bought 1.75 lakh shares, Promoter Girish Agarwal bought 1.25 lakh shares, Promoter Pawan Agarwal bought 1.25 lakh shares on Feb. 14.

  • Man Infraconstruction: Promoter Mansi P. Shah bought 1.03 lakh shares on Feb. 17.

  • Gensol Engineering: Promoter Anmol Singh Jaggi sold 2.15 lakh shares on Feb. 17.

 Trading Tweaks

  • Price Band Change from 10% to 5%: Alphageo (India), Orchid Pharma, PTC Industries.

  • Price Band Change from 20% to 10%: DEE Development Engineers.

  • Price Band Change from 20% to 5%: Diffusion Engineers, Godavari Biorefineries.

  • Moved into short-term ASM framework: Carysil, Godfrey Phillips India, PIX Transmissions, Zen Technologies.

F&O Cues

  • Nifty Feb futures down by 0.34% to 22,972 at a premium of 27 points.

  • Nifty Feb futures open interest down by 2.4%.

  • Nifty Options Feb. 20 Expiry: Maximum call open interest at 23,800 and maximum put open interest at 22,000.

  • Securities in ban period: Deepak Nitrite, Manappuram Finance.

. Read more on Markets by NDTV Profit.The NSE Nifty 50 ended 14.2 points or 0.06% lower at 22,945.30 and the BSE Sensex closed 29.47 points or 0.04% lower at 75,967.39 on Tuesday.  Read MoreMarkets, Business, Notifications 

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