Benchmark indices ended largely flat, but select BSE small-cap stocks surged to fresh yearly highs. Mangalore Refinery, Force Motors, ZF Commercial Vehicle Control Systems and Craftsman Automation saw strong momentum.
Vivriti Asset Management (VAM), a mid-market private credit-focused Alternative Investment Fund (AIF) management firm, on Wednesday said it aims to grow at 25-30 per cent year-on-year for the next five years, driven by the massive potential in the niche debt market.
Sebi on Wednesday came out with a new infrastructure planning and real-time performance monitoring framework for exchanges and clearing corporations operating in the commodity derivatives segment, mandating that critical IT systems maintain installed capacity of at least two times the projected peak load.
Oil prices gained more than 2% on Wednesday, buoyed by potential supply risks should tensions between the U.S. and Iran escalate, while draws of crude from key stockpiles suggested stronger demand.
U.S. job growth accelerated in January and the unemployment rate fell to 4.3%, signs of βlabor market stability that could give the Federal Reserve room to keep interest rates unchanged for some time while policymakers monitor inflation.
BSE Index Services, an arm of the BSE, on Wednesday announced the launch of two new G-Sec indices, which can be used for running passive strategies such as ETFs (exchange traded funds) and Index Funds.
Vodafone Idea is witnessing steady accumulation by domestic mutual funds and promoter Kumar Mangalam Birla, even as it reports continued losses. Improving revenue, margins and operational metrics signal gradual stabilisation, though profitability and valuations remain key concerns for investors.
Indian markets ended largely flat in a rangebound session. Eicher Motors, Apollo Hospitals, SBI and SJVN rallied on strong earnings, and BHEL declined after a government stake sale announcement.
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