Midcaps hammered in February, plunge up to 30%. IREDA, Delhivery among biggest losers
Midcap stocks faced heavy selling in February, dropping up to 30% as investors booked profits and cut losses. Global concerns, including Trump’s tariff threats and US slowdown fears, along with weak Q3FY25 earnings, weighed on sentiment. The BSE Midcap index plunged 10%, with 123 of 132 stocks ending in the red. Key losers included RVNL, […]
Forex reserves jump to 2-month high with a $5-b weekly rise
India’s foreign exchange reserves surged to a two-month high of $640.5 billion as of February 21, with an increase of nearly $5 billion in a week. The Reserve Bank of India’s data showed foreign currency assets, the largest component of reserves, rising by $4.25 billion. This marks a recovery from the reserves’ dip influenced by […]
Stock traders seek havens to hedge uncertain markets
Wall Street’s momentum trade driven by tech, communications, and consumer discretionary sectors is faltering due to concerns over shrinking growth and trade uncertainties. Safe havens like health care and consumer staples are now leading the market as investors pivot defensively amidst the rising economic volatility.
Tariffied on the D-Street: Nifty clocks longest streak of monthly declines
The Nifty index experienced its longest five-month decline since its inception, falling around 14% from October to February. This recent downturn is notable, though not as severe as the 22% drop during a similar period in 2001.
$-Re swap gets strong demand, weakens rupee
The Reserve Bank of India’s dollar-rupee buy-sell swap saw strong demand but resulted in a lower-than-expected cut-off premium, leading to further rupee depreciation. The $10 billion swap, oversubscribed by $16.23 billion, will reverse in March 2028. Market participants expect continued weakness in the rupee as the RBI focuses on meeting the credit market’s rupee liquidity […]
RBI buys bonds worth ₹40,000 cr in week to feb 21
The Reserve Bank of India bought bonds worth ₹40,000 crore through open market operations to increase liquidity in the banking system. This brings their total bond purchases in February to ₹80,000 crore. Market participants anticipate further liquidity injections through similar operations or repo auctions. RBI had also made significant bond purchases in January.