The Securities and Exchange Board of India (Sebi) is poised to extend the ban on futures trading for agricultural commodities by another year, a move aimed at curbing price volatility and speculation. This decision comes despite industry requests to lift the ban, which they argue would benefit farmers and allow for hedging against market fluctuations.
The S&P 500 closed higher, driven by gains in AI-related chipmakers and tech giants like Alphabet and Amazon. Smaller companies also saw significant gains, with the Russell 2000 outperforming major indices. Positive economic fundamentals and strong earnings, particularly in technology, fueled investor confidence despite concerns over tech valuations.
India and the US have announced a trade deal, reducing reciprocal tariffs to 18% and easing concerns that have impacted Indian markets. This development is expected to trigger a strong opening on Dalal Street, with export-oriented sectors poised to benefit from improved competitiveness and reduced costs.
The surge in GIFT Nifty came following the news that India and the US agreed to a trade deal. Donald Trump, on his Truth Social platform, said that he spoke with Prime Minister Modi about trade and ending the war in Ukraine and that the new deal reduces US tariffs to 18%.
Utkarsh Small Finance Bank reported a significant widening of its net loss to Rs 375 crore in the third quarter, a substantial increase from Rs 168 crore in the previous year. The bank also experienced an operational loss of Rs 44 crore, contrasting with a profit in the prior year.
U.S. factory activity grew for the first time in a year in January, with new orders rebounding sharply, but manufacturing is still not out of the woods as import tariffs raised raw material prices and strained supply chains.
Warner Bros Discovery is likely to hold a shareholder vote on the $82.7 billion deal to sell its streaming and studio assets to Netflix in March, CNBC reported on Monday.
Hyundai Motor India reported a 6.3% net profit increase to Rs 1,194.9 crore in Q3FY26, driven by strong SUV sales, rural demand, operational efficiency, and positive effects of GST 2.0 and tax cuts.
The government is actively considering further reducing its stake in insurance behemoth LIC through a public offering in the next financial year, Financial Services Secretary M Nagaraju said on Monday.
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