The RBI on Monday issued draft norms for banks to report foreign exchange derivative transactions involving rupee undertaken by their related parties globally, a move aimed at enabling better pricing decisions by market participants.
The Reserve Bank of India tightened lending norms for capital market entities, restricting bank funding for proprietary trading and raising collateral requirements. Nithin Kamath said costs will rise for brokers, though Zerodha clients remain unaffected.
Goldman Sachs bought shares worth Rs 22 crore in Aye Finance after its muted listing, while BofA Securities acquired a Rs 100 crore stake in Engineers India Ltd, boosting the latter’s stock sharply.
The benchmark BSE Sensex climbed about 650 points to close at 83,277, as nine BSE 200 stocks scaled fresh 52-week highs. Breakouts in banking, financials and industrial names signaled strong bullish momentum and potential for further upside.
Fractal Analytics debuted below its IPO price, reflecting valuation concerns and cautious sentiment. However, Prabhudas Lilladhar maintained a positive long-term view, citing enterprise AI growth, platform transition and strong global client relationships despite near-term risks.
Indian government bonds rose on Monday, following a surge in U.S. Treasuries and comfortable domestic liquidity, though lingering supply concerns contained the advance. The benchmark 6.48% 2035 bond yield settled at 6.6642%, down from 6.6799% on Friday.
Fractal Analytics expects better profits after its IPO. This is due to more license-based income and growth in healthcare and consumer sectors. The company is profitable and generates strong cash. Technology spending is set to rise, with AI playing a bigger role. Fractal sees immense opportunities and no major risks to its growth or profitability.
PNGS Reva Diamond Jewellery’s Rs 380-crore IPO opens on February 24 with a price band of Rs 367–386. The company currently has 21,866,400 equity shares outstanding on a pre-issue basis. It plans to expand aggressively, using proceeds to open 15 new stores, scale marketing for its Reva brand, and bolster corporate needs.
Jainam Broking’s IOC 7.0 in Surat drew over 11,500 participants, cementing its status as a major national platform for options traders. With “Evolve” as its core theme, the conclave focused on disciplined learning, risk management, trading psychology and technology-led execution, reflecting the maturing Indian derivatives ecosystem and the rising depth, diversity and inclusivity of market participants.
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